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.
– 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.