text: WASHINGTON (MarketWatch) -- After months of efforts to craft a bipartisan bill, Senate Banking Committee Chairman Christopher Dodd plans to introduce a revised version of sweeping bank reform legislation on Monday, most likely without Republican support. 
   
   Dodd had hoped to release a bipartisan bill, after working furiously with Sen. Bob Corker, R-Tenn., to reach a solution. However, Dodd said that time was running out to pass a bill in 2010. 
   
   "There isn't a lot of time left to complete bank reform this year," Dodd said to reporters at a news conference. "The real problem I'm facing is that clock." 
   
   At a separate news conference, a visibly disappointed Corker said that he and Dodd, along with other members of the committee, were extremely close to completing a bipartisan bill, coming to agreements on dozens of controversial areas such as how much power to award a new regulator for consumer protection of mortgage and credit card products. 
   
   Corker said the lawmakers had been "on the five-yard line" when it came to completing the reform, but that Dodd told him he was under pressure by the White House to wrap up efforts to complete bank reform quickly in the committee so that Congress can take steps it needs to pass health care legislation, also languishing on Capitol Hill. 
   
   "There is no question that White House politics and health care have kept us from getting to the goal line," Corker said to reporters. "The fact of the matter is, he is a victim of health care policy. We're still almost there but it looks like we're not going to get there." 
   
   Dodd plans to have the 22 senators on the committee vote on the bill during the week of March 22, after which it could be quickly considered on the Senate floor some time in the Spring. 
   
   Not enough time? 
   
   In his news conference, Corker also criticized Dodd's plan to have the banking committee begin and complete its review of the bank bill in one week. 
   
   "This is a very important bill and I cannot imagine a committee member, Republican or Democrat, passing a bill with this kind of substance in it in a week," Corker said. "I think that would be a travesty. If senators can pass a bill of this substance in a week, which has so much in it, then the states that elect them might as well send robots to Washington." 
   
   In response, Dodd said that he needs to set time-posts, otherwise nothing would get done. He acknowledged, however that his timeline of having members of the committee vote on the bill in a week, could slip. "It is more important to get this right than getting it done but I emphasize again, I don't have a lot of time left in this Congress." 
   
   However, Corker said Dodd, Republicans and Democrats had agreed to a number of areas, including a new structure for a consumer protection division, new heightened liability for credit raters and additional oversight for payday lenders and other lenders. 
   
   Dodd and other Democrats have sought to create a powerful consumer financial protection agency that could write rules for mortgages and credit cards. However, Republicans have sought to have a bank regulator have veto power over any rules the new consumer advocate would write. 
   
   Corker said Dodd and he had come to an agreement to allow a group of five agencies, the Treasury, Federal Deposit Insurance Corp., Fed, Commodity Futures Trading Commission and the Securities and Exchange Commission, have veto power over consumer rules the division would write if a majority of the agencies agreed it was a problematic rule. 
   
   Both sides also agreed to let bank regulators enforce the rules put in place by the consumer unit. 
   
   "We have come to a very good balance," Corker said. 
   
   However, Dodd declined to comment about whether it was that structure he would ultimately agree to. Dodd also denied reports assertions that he might try to split the bill into two pieces and first move forward on portions he could find broad consensus on. 
   
   "To do this in pieces would be impossible in the Senate," Dodd said. 
   
   Disagreements still abound 
   
   Republicans and Democrats on the committee disagree on a number of other areas. 
   
   Case in point: Dodd and other Democrats have installed a series of shareholder empowering provisions in the bank reform bill that Corker and others are opposed to. 
   
   "That's a line in the sand," Corker said. 
   
   The bill is expected to include provisions that would make it easier for investors to nominate a minority slate of directors onto corporate boards using corporate proxy cards, which are papers filed to investors. Another provision gives investors a non-binding vote on pay packages given to executives, while they are heading the corporations, and the golden parachutes they receive when they leave firms. 
   
   Republicans are trying to remove all of these measures, arguing they empower labor unions and environmentalist investor groups in behind-the-scenes conversations at the expense of shareholder value. 
   
   "Proxy access was going to be an issue," Corker said. "We agreed to look at some governance issues however this shareholder provision concerns us greatly because it involves giving activist investor groups too much power." 
   
   Corker also said Sens. Jack Reed, D-R.I., and Judd Gregg, R-N.H., had been still working on crafting bipartisan derivatives legislation before Dodd decided to bring the bill to a vote. The two sides were working on how much of an exemption to give end users of derivatives, such as manufacturers, from transparency and trading requirements. The bill requires that most derivatives transactions go through transparent clearinghouses, which are intermediaries between buyers and sellers. ||||| WASHINGTON—The White House's yearlong effort to rewrite financial regulations risked running aground in the Senate after Democratic Sen. Christopher Dodd broke off bipartisan negotiations and announced plans to push ahead without Republican support. 
   
   The gamble is a bid to speed progress, but it raises the chance that Congress won't be able to push through a substantive regulatory overhaul. 
   
   The White House and some Senate Democrats now plan to challenge the GOP to a partisan fistfight, daring Republican senators to break ranks and not use the blocking power of a filibuster to kill a measure that would curb Wall Street and ...
target: – Chris Dodd is preparing to introduce a sweeping bank reform bill on Monday in the Senate without any Republican support. The move comes after months of negotiations with the GOP's Bob Corker, who said the two were on the "5-yard-line" before Dodd got pressure from the White House to push a bill out of committee before a health care vote. Says Dodd: "There isn't a lot of time left to complete bank reform this year. The real problem I'm facing is that clock." Corker said "there's no question that White House politics and health care have kept us from getting to the goal line," reports MarketWatch. Assuming Dodd and Corker don't patch up remaining differences quickly about the legislation, which is to include tougher consumer protections, Democrats could face a filibuster on the Senate floor, reports the Wall Street Journal.