Connecticut Attorney General Richard Blumenthal and West Virginia Gov. Joe Manchin, both Democrats, are expected to win open Senate seats in their states, according to the Associated Press.
The regulatory restructuring bill-which CUNA and NAFCU are opposing because of the interchange provisions-is likely to come up for a vote in the Senate this week, and odds are it will pass.
Adding to the likelihood of final passage, Sen. Olympia Snowe (R-Maine) late yesterday said she would support the regulatory overhaul currently pending in the Senate.
Death and taxes kept the effort to reform the nation's financial industry regulations from passage last week as the unexpected exit of the longest serving U.S. senator confused and delayed the bill's supporters.
The regulatory overhaul legislation, H.R. 4173, could reach the House floor today, according to NAFCU.
The death of West Virginia Democratic Senator Robert Byrd this morning has left it unclear when, or perhaps if, the current financial regulatory reform package passes from Capitol Hill this week.