It may be one of the few times when a faculty position at Harvard Law School is a consolation prize
The Senate last Thursday overcame strong Republican opposition and passed comprehensive regulatory overhaul legislation 60 to 39. All but one of the 58 Senate Democrats supported the measure, and all but three of the chamber's 41 Republicans opposed it.
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.
Now there are 60.
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.
Moving the legislative process one step closer to completion, Sen. Scott Brown (R-Mass.) announced today he plans to vote for the regulatory overhaul bill.
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 restructuring bill came closer to passing the Senate when Sen. Maria Cantwell (D-Wash.) announced she would support it
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.
In a victory for the GOP, Massachusetts State Sen. Scott Brown beat CUNA-backed Democratic nominee Attorney General Martha Coakley in yesterday's special election for the seat held for almost 47 years by U.S. Sen. Edward M. Kennedy, who died last August.