Scott Brown Still Uncommitted After Financial Reform Changes

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Senator Scott Brown (R-MA) “said he’d ‘continue to review’ a Wall Street reform bill over next week’s congressional recess to see if he could support it,” The Hill reports.

After the conference committee on Democrats’ financial regulatory reform bill reconvened to remove the $19 billion in fees and assessments on banks that Brown had opposed, the Massachusetts Republican said he would take the next week to decide how he’d vote.

“I appreciate the conference committee revisiting the Wall Street reform bill and removing the $19 billion bank tax,” Brown said Wednesday in a statement. “Over the July recess, I will continue to review this important bill.”

His statement all but ensures that the Wall Street reform package wouldn’t pass until after the Fourth of July holiday, the point by which President Barack Obama had hoped to sign the legislation into law. Lawmakers will leave Washington next week for a recess in observance of the holiday.

(credit image – daylife/associated press)

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Filed under Banks, Conference Reports, Wall Street

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