Senate panel passes bank reform on party-line vote

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http://news.yahoo.com/s/nm/20100322/pl_nm/us_financial_regulation

The Senate Banking Committee on Monday backed a bill to plug gaps in financial regulation and safeguard the country's financial system from future crises.

Lawmakers voted 13-10 to pass a sweeping Democratic bill that includes new rules for banks, consumer financial products, derivatives and hedge funds.


http://www.marketwatch.com/story/senate-panel-passes-bank-reform-on-party-line-vote-2010-03-22
A Senate panel on Monday approved sweeping bank reform legislation to re-write the rule for capitalism without any Republican support, after GOP lawmakers on the committee decided not to include any amendments to the measure. Sen. Christopher Dodd, D-Conn., the chairman of the Senate Banking Committee, had senators vote on the underlying 1,336 page bill, without any Democratic amendments. The bill was passed with a 13-10 party-line vote. Dodd and Republicans are expected to see whether an agreement can be reached to create a bipartisan bill before it comes up for a vote by the full Senate. Dodd said senators will have a chance to introduce amendments when the bill is considered by the Senate.