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Politics
: PR WatchDemocrats Weaken Financial Reform Package Before Debate Even Begins
By Mary Bottari
The long-anticipated debate on financial services reform was scheduled to begin on the House floor yesterday. But in a bad sign for reformers, conservative Democrats managed to wring damaging concessions out of House leadership before the debate even began.
Big bank defenders, led by Melissa Bean (D-IL), got language into the bill that would allow federal laws governing consumer protection to preempt many of those set by individual states and make it harder for state Attorneys General to enforce consumer protections.
Full post as published by PR Watch on December 10, 2009 (boomark / email).
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