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Washington
Inside Washington (07/06/2010)
* WASHINGTON (7/7/10)--Sen. Maria Cantwell (D-Wash.) announced Thursday that she intends to support the regulatory reform bill, providing a boost to the bill’s prospects in the Senate, said American Banker (July 2). The Senate could take up the bill this month after the Fourth of July recess. Originally, the Senate was expected to tackle the bill this week, but the death of Sen. Robert Byrd (D-W.Va.) and Republicans’ objections to a mechanism that would pay for the bill caused a delay. The objections prompted the regulatory reform conference committee to meet Tuesday to come up with a substitute payment mechanism. Sixty votes are needed to pass the bill. Democrats controlled 59 seats before Byrd’s death. Cantwell opposed an earlier version of the bill passed in May. She, along with Sen. Russ Feingold (D-Wis.), argued the bill did not “go far enough” ...


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