Following up on last night's post on the 59-39 Senate passage of financial reform legislation, just a few more items of possible interest:
- Go here and here for the text of the legislation, amendments, and legislative history on the Senate and House bills, respectively. The two bills now go to a conference committee, with Representative Barney Frank (chief sponsor of the House legislation) predicting enactment by July 4.
- Go here to read about the political ramifications of Wall Street Reform legislation and how President Obama plans to use it in the Fall campaign.
- Check out this chart to see how each Senator voted last night. As Deepak noted in his post last night, two Democrats -- Senators Feingold and Cantwell -- voted against the bill believing, as do many consumer advocates, that the legislation won't do enough to rein in Wall Street excess and protect consumers. Four Republicans -- Senators Snowe, Collins, Grassley, and the newbie from Massachusetts, Brown -- voted yes. There were two no-shows, Senators Specter and Byrd.
- Read this article for more on the controversial amendment to exempt auto dealers from oversight by the consumer financial protection bureau created by the bill.
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