Friday, March 26, 2010

Senate Banking Committee passes financial reform bill in 20 minutes from Open Left

from http://www.openleft.com/diary/17961/senate-banking-committee-passes-financial-reform-bill-in-20-minutes

The Senate Banking Committee just passed Chris Dodd's financial reform bill 13-10, in an entirely party-line vote.  The vote happened about 20 minutes after the mark-up began.

Pretty remarkable.  Republicans have typically used a strategy of hundreds of weakening amendments to delay bills as long as possible at every stage of the process, including every committee hearing.  In so doing, they have succeeded in getting hundreds of amendments adopted to these bills, and even in delaying bills by weeks or months (cough, Baucus, cough).

But not today.  The bill just sailed through untouched.  Bizarre.  If only every committee mark-up were this easy.

You can read Dodd's bill here. Chris Hayes makes some of its more important aspects easier to understand in the latest episode of The Breakdown.  Listen here:


Also, for some fun, take the What the B@nk?! outrage trivia challenge on Facebook.

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