The next few days will likely determine how smoothly the White House’s push to strengthen the rules governing Wall Street will go down. Starting early this week, the Senate will begin voting on amendments to the Democrats’ proposed financial regulatory reform bill. Republicans will get a chance to pull the legislation to the right. Progressives will try to tighten it in a few key ways. And the results of those votes will clarify a). how strongly, if at all, Republicans will fight the bill; b). how pleased the White House will be with the final product; and c). how easy it will be to reconcile with the House legislation, which passed last December.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=127105