Patrick O’Connor and Alison Vekshin
July 13, 2010

The U.S. Senate plans to pass the financial-regulation bill on July 15 as Democrats secured the 60 votes needed to enact the biggest rewrite of Wall Street rules since the Great Depression.

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Majority Leader Harry Reid will file a procedural motion today that will permit the Senate to move forward, Jim Manley, a spokesman for the Nevada Democrat, said today in an e-mail.

“We will finish our work on this bill this week to ensure that these critical protections and accountability for Wall Street are in place as soon as possible,” Reid said in a statement yesterday.

The decision to seek a vote comes after Republicans Scott Brown of Massachusetts and Olympia Snowe and Susan Collins, both of Maine, said they would back the bill. Senator Ben Nelson, a Nebraska Democrat, announced today he would vote yes after telling reporters yesterday he was undecided.

Full article here

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