March 22, 2010
Senate Banking Panel Approves Dodd’s Financial Overhaul Bill
(AP) The Senate Banking Committee passed Senator Christopher Dodd’s plan for overhauling U.S. financial- industry rules without considering amendments, setting the stage for a floor fight on the measure after bipartisan talks failed.
The committee voted by 13-10 to approve legislation offered last week by Dodd, the Connecticut Democrat who leads the panel. Opposition by the committee’s 10 Republicans, who declined to offer amendments to Dodd’s measure, could jeopardize the bill’s chances on the Senate floor.
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