Scott Brown's Opposition To Bank Fee Throws Wrench In Wall Street Reform
source: http://www.huffingtonpost.com/2010/06/29/scott-browns-opposition-t_n_629866.html
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- bansheewail
- added this
Brown would rather see the taxpayers pay the $19M fee rather than the banks!!
Top House and Senate negotiators who worked out a deal last week on overhauling financial regulations scrambled Tuesday to replace a bank fee that has drawn opposition from key Republicans and endangered its passage.
Eager to salvage one of President Barack Obama's legislative priorities, lawmakers on Tuesday planned to reconvene a House-Senate conference committee that had signed off on the final bill last week.
The bill's fate came into doubt following the death of Sen. Robert Byrd, D-W.Va., and new misgivings from three Republicans who voted for a Senate version of the bill last month.
At issue was a $19 billion fee that would be assessed on large banks and hedge funds to cover the costs of the legislation. Democratic House and Senate negotiators assembling the massive rewrite of bank regulations inserted the fee during last week's late night talks.
Top House and Senate negotiators who worked out a deal last week on overhauling financial regulations scrambled Tuesday to replace a bank fee that has drawn opposition from key Republicans and endangered its passage.
Eager to salvage one of President Barack Obama's legislative priorities, lawmakers on Tuesday planned to reconvene a House-Senate conference committee that had signed off on the final bill last week.
The bill's fate came into doubt following the death of Sen. Robert Byrd, D-W.Va., and new misgivings from three Republicans who voted for a Senate version of the bill last month.
At issue was a $19 billion fee that would be assessed on large banks and hedge funds to cover the costs of the legislation. Democratic House and Senate negotiators assembling the massive rewrite of bank regulations inserted the fee during last week's late night talks.
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- groups:
- US Politics
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- tags:
- Banks, Senate, Scott Brown, Wall Street reform, 5 more
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bansheewail
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Just another Mass-hole in Washington. The "regular guy" patina is wearing thin, Scott.
- 1 year ago
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bansheewail
