Senate could vote on reform bill as early as Wednesday

05/16/2010 | Wall Street Journal, The

The Senate could vote on legislation to overhaul the financial-regulatory system in a matter of days because Sen. Harry Reid, D-Nev., "likely" will to file cloture on the bill today, said a spokesman for the majority leader. However, some high-profile amendments are still being considered. For example, Sens. Jeff Merkley, D-Ore., and Carl Levin, D-Mich., are behind an amendment that would ban some banks from participating in proprietary trading.

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