Regulatory Overhaul In Flux
The regulatory overhaul legislation, H.R. 4173, could reach the House floor today, according to NAFCU.
But Senate negotiations on the bill reopened yesterday, following the death of Senator Robert Byrd (D-W.V.), in order to maintain the 60-vote supermajority needed to prevent a filibuster. However, Politico reported the administration as saying final passage is likely to come after the Independence Day recess, but the regulatory overhaul is expected to pass.