Skip to comments.Wall Street bill back to conference as Democrats don't have the votes
Posted on 06/29/2010 2:36:12 PM PDT by BradtotheBone
Senate and House conferees on Wall Street reform are reconvening Tuesday because of Republican objections to $19 billion in fees that would be placed on big financial firms.
The meeting follows Sen. Scott Brown's (R-Mass.) letter to the chairmen of the conference committee on Tuesday, in which he said he would oppose the Wall Street overhaul bill as it stands.
In a letter to Rep. Barney Frank (D-Mass.) and Sen. Chris Dodd (D-Conn.), Brown expressed "strong opposition" to the fees that were added in the conference process between House and Senate lawmakers last week.
"If the final version of the bill contains these higher taxes, I will not support it," he said.
Maine Republican Sens. Susan Collins and Olympia Snowe, who like Brown had voted for the Senate version of Wall Street reform, which didn't include the fees, have voiced similar concerns.
The objections have left Senate Democrats scrambling for a way to pass the bill.
(Excerpt) Read more at thehill.com ...
All about creating another little pot to steal from to pay off the unions. Ever heard of a financial beibng unionized??
Don’t let these Bastard’s win this one.
“Collins described her hour long meeting with Senator Dodd as excellent”.. This is one clueless RINO.
Why are these RINO’s around? WTF are they doing?
I like it so far. I hope this causes lots of trouble in the House.
Scott can be their toady as long as there are no taxes in it.