Legislation on US Financial Sector Reform
Democratic Faction in the U.S. Senate plans to hold a final vote this week to pass legislation on financial sector reform, following the additional support of three members of the Senate from Republicans. “At the weekend, we will finalize our task related bill to guarantee the protection and responsibility of Wall Street done soon as possible,” said Senate Majority Leader Harry Reid, Democrat of Nevada members, in the written statement today. Brown Scott, a member of the Senate Republican representative of Massachusetts, and Olympia Snowe and Susan Collins of Maine representatives, yesterday announced its support for the Act. Thus, there are 60 votes required to pass the regulation of the Senate to the desk of U.S. President Barrack Obama, as long as all members of Democrats agreed.