Open Thread: Wall Street Reform Vote Coming?
A cloture vote to end debate is on the schedule for Wednesday so barring any obstructionist tactics from any of the typical filiblusterers (not likely given the financial environment of chaos that still exists and Americans of all political stripes wanting this fixed) the law MIGHT be signed by President Obama as early as July 4th:
Senate Majority Leader Harry Reid (D-Nev.) filed for cloture Monday night to end debate on the 1,400-page bill.
“This cannot be delayed any longer,” Reid said on the Senate floor. The cloture filing will set up a vote as early as midweek.
White House press secretary Robert Gibbs said Monday that he believes President Barack Obama will be able to sign financial overhaul legislation before July 4. “That sounds about right,”
There is still a lot of question as to how much the bill will actually accomplish and there will still be over 300 amendments to look at, though many will never reach a vote. Senate Banking Committee Chairman Chris Dodd (D-Conn.) and Sen. Richard Shelby (R-Ala.) are still in the process tweaking the managers amendment. In other words, nobody can honestly say what the final product will look like yet even if they have read the 1400 page bill in front of them.