In the first days of the economic crisis, there was pressure to enact reforms on bank and financial institutions, but the initial urgency has slowed and partisan tensions have grown. Senator Chris Dodd’s (D-CT) early attempts to reach a middle ground between Republicans and Democrats faltered, and his financial regulation legislation passed in a Senate committee without a single GOP vote. Democrats are hoping to capitalize on the momentum gained by the recent passage of health care reform to revive the financial reform legislation, which could be the next bill that arrives at the White House without Republican support.
On March 31, Douglas Elliott answered your questions on the financial regulations bill awaiting a vote on the Senate floor, and on the chances of its final passage after Easter, during a live web chat with POLITICO’s David Mark.
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