Nelson Backing Financial Overhaul
Now there are 60.
The Democrats got the final vote they needed to assure passage of the financial overhaul bill when Sen. Ben Nelson (D-Neb.) said he would support it.
The bill will "end bailouts, add common sense consumer protections and make sure that Nebraska Main Street businesses are not adversely affected as we rein in recklessness on Wall Street," he said in a statement.
A final vote on the bill, which CUNA and NAFCU oppose because of the provision giving the Federal Reserve the power to regulate interchange fees, is expected to take place on Thursday.
With Nelson, 57 of the chamber's 58 Democrats have said they will support the bill as have three Republicans.
Sen. Russ Feingold (D-Wis.) has said he will oppose the bill. GOP senators Scott Brown (Mass.), Susan Collins and Olympia Snowe (Maine) have said they will support it.