Reid to File Cloture on Financial Reform Conference Report

Majority Leader Harry Reid (D-NV) “will file cloture on the Wall Street reform report on Tuesday, paving the way for a final vote later this week,” the Huffington Post reports.

On the Senate floor Tuesday morning, Reid said he "expect[s] to consider the Wall Street reform conference report sometime later today."

Reid spokesman Jim Manley said that the majority leader intends to file cloture, not bring the bill to a floor vote, which would require the consent of all senators.

One last-minute Democratic holdout appears on board now:

An aide to [Ben] Nelson tells HuffPost that the Nebraska senator will vote yes, giving Democrats the 60 needed to break a filibuster. A vote can’t come until Thursday, given Senate cloture rules, but, effectively, it’s over.

Update: Reid has officially filed cloture on the bill, with a vote expected as early as Thursday morning.

(credit image – daylife/getty)

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Filed under Banks, Conference Reports, Party Leadership, Wall Street

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