Senate Votes on Two Financial Reform Motions to Instruct

http://cache.daylife.com/imageserve/02ClaL0d7jgJR/610x.jpghttp://cache.daylife.com/imageserve/0cAkcGyfyO6vM/610x.jpg

Senator Sam Brownback’s (R-KS) motion to instruct conferees in relation to the Restoring American Financial Stability Act (S. 3217) passed by the Senate last week has been adopted by a vote of 60-30.

According to C-SPAN, it would ask that “auto dealers be exempt from some new financial regulations.”

A separate motion offered by Senators Kay Bailey Hutchison (R-TX) and Kay Hagan (D-NC) to make sure that proprietary trading rules don’t impact depository institution affiliates, such as insurance companies, that serve military families was adopted by a vote of 87-4.

Neither motion is binding on Senate negotiators as they work out differences with their bill and one passed by the House.

(credit images – daylife/associated press/getty)

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1 Comment

Filed under Autos, Banks, Conference Reports, Wall Street

One response to “Senate Votes on Two Financial Reform Motions to Instruct

  1. Ryder

    What about the LONG term UNEMPLOYED who have lost all their benefits?? Come a week from now many thousands more will lose their benefits because Washington doesn’t care what happens to us. They only care about those who don’t even live in this country or those here ILLEGALLY!! We have paid you taxes for your salaries most of our lives and now you turn your backs on us. Shame, shame, shame on American politicians.

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