Senate Passes Financial Reform Bill

I must go look at it now that it passed. There were stipulations that didn't rein in Wall Street but one article I read stated it does that. "The Senate passed the financial overhaul package in a final vote Thursday, ending more than a year of wrangling over the shape of the landmark legislation. The focus now shifts to the monumental task of implementing the new regulations over coming weeks and months. The 60 to 39 decision came just before 3 p.m, only a few hours after Democr ...

Don't think it will pass the House. Border security is NOT first in this bill and Janet Napolitano is the one who will make the decision on whether the border is secure or not...and we all know she thinks it is secure...that's why they never finished the fence. Yet the border agents are saying it's not secure and....well, if it WAS secure, how did 11 Million illegal immigrants cross it? This bill also sets limits on ag workers, lower than what it is now. BTW, vote was 68-3 ...

They've gutted the House financial reform bill and Bernie Sanders if furious. It doesn't help the consumer. It doesn't do much more than what was already in place before the bailouts; i.e., why did they even bother? All they did was waste time. Please see articles below. Financial Reform Bill: Bonfire of the Loopholes: http://www.newsweek.com/2010/05/21/bonfire-of-the-loopholes.html?from=rss”>%20Newsweek Reform Without Punishment: http://www.newsweek.com/blogs/t ...

Was watching in the wee hours of the morning this morning. RTTNews) - The U.S. Senate passed a continuing resolution Saturday to fund the federal government through March of next year, a vital stopgap measure that will also increase the federal budget by 0.6 percent come January. The resolution, the last piece of legislation passed before Congress takes a break to campaign before elections on November 6, passed after Sen. Rand Paul, R-Ky., dropped calls to cut U.S. aid to Pakistan, Libya ...

I just thought I would start a contraversial topic before I take off for the day. I'll be back later to see the ruckus. LOL. ...

Thoughts on the bill passed in the House today? Too little, too much? I think it's a good step but there are no guarantees Big Business won't find loopholes. In fact, I'm quite sure they will try. In the meantime, however, it sends a good message that we will be watching. I'm also sure the senate will take months with this. Will that lead to a watered-down version? I guess it depends on how hard the constituents press their elected officials. NJ ...

I have been reading articles on what is, and what is not, included in this new law. Not a single article agrees this is real reform. It still gives Wall Street (SEC) and big banks the freedom to do what they want. This is not good. It's what I've been saying all along. The idea of financial reform was supposed to stop the abuse, but it may give the above more free rein in what they do. I'm posting one article from MSNBC. Please be sure to read the ful ...

The Top Ten Benefits You’ll Get When Health Care Reform Passes : As soon as health care passes, the American people will see immediate benefits. The legislation will: Prohibit pre-existing condition exclusions for children in all new plans; Provide immediate access to insurance for uninsured Americans who are uninsured because of a pre-existing condition through a temporary high-risk pool; Prohibit dropping people from coverage when they get sick in all individu ...

Dylan Ratigan is freaking out of the changes Chris Dodd and Barney Frank are trying to make to this financial reform bill: The long-awaited showdown between banks and Sen. Blanche Lincoln over her derivatives reform section of the Wall Street bill begins Thursday. The conference committee will consider an offer made by the House to amend Senate legislation that forces banks to spin off their swaps desk and separately capitalize that operation, while also bringing the business out into the open, ...

WASHINGTON — In a landmark vote for gay rights, the Senate on Saturday voted to advance legislation that would overturn the military ban on openly gay troops known as "don't ask, don't tell." The 63-33 test vote all but guarantees the legislation will pass the Senate, possibly by day's end, and reach the president's desk before the new year. The House had passed an identical version of the bill, 250-174, earlier this week. Repeal would mean that, for the firs ...

Ten GOP Senators crossing the aisle to support civil rights is a lot these days. Of the 32 who voted against, through the entire process in the past days only one stood up to say why. No grandstanding for the electorate on this one. Speaker of the House Boehner, still in thrall to the deep red wing of his party promises to stop it in the House., although he has enough votes to pass it. “Anyone who is a student of history knows that our history books are littered with those pu ...

Nine months after he penned a memo laying out the arguments for health care legislation's destruction, Republican message guru Frank Luntz has put together a playbook to help derail financial regulatory reform.In a 17-page memo titled, "The Language of Financial Reform," Luntz urged opponents of reform to frame the final product as filled with bank bailouts, lobbyist loopholes, and additional layers of complicated government bureaucracy."If there is one thing we can all agree on, it's ...

House passes campaign finance bill // By Ben Pershing Thursday, June 24, 2010; 9:51 PM House Democratic leaders pushed a sweeping new campaign finance reform measure through their chamber Thursday, overcoming the objections of critics on both the left and the right. The DISCLOSE Act, written as a response to the recent U.S. Supreme Court Citizens United ruling that allows corporations and unions unlimited spending on ...

The House on Thursday overwhelmingly voted to repeal automatic payment cuts to doctors under Medicare, endorsing a rare bipartisan deal that Speaker John Boehner (R-Ohio) negotiated with Democrats. The bill, which passed by a vote of 392-37, puts Congress on the precipice of ending a fight nearly two decades old over a formula known as the sustainable growth rate (SGR). Since 2003, lawmakers have put off cuts under the Medicare formula 17 times, perennially punting the solution through s ...

Now it's on to the senate. Wow. NJ ...

The House voted Thursday to put the government on autopilot for six months, precluding a shutdown through the election and postponing a potential showdown on GOP vice presidential nominee Paul Ryan's agency budget cuts until next spring when Republicans hope to hold more power in Washington. Ryan returned to the Capitol from the campaign trail to vote for the half-year measure, even though it spends billions of dollars more than the Wisconsin lawmaker's budget plan, which has hel ...

Now we can expect more hissy fits from Ole Sissy Pants. ...

Score 1 for Dodd-Frank and one goose egg for Congress. ...

I'll admit that I really have never understood what the Health Reform Bill is supposed to do, but I thought this summary was interesting. http://www.huffingtonpost.com/2010/03/22/health-reform-bill-summary_n_508315.html#s75147&title=An_End_To An End to Pre-Existing Conditions---which certainly would benefit me. Small Business Tax Credits for business with fewer than 50 employees will cover up to 50% of employee premiums---my family business will benefit from that one. No Lifetime Ca ...

Senate Health Bill - 1502 pages "It's important to remember that the bill won't exist in this form for long. Senate Majority Leader Reid and Sens. Max Baucus and Chris Dodd along with senior White House aides are merging the Finance and Health Committee legislation into one bill that will be considered on the floor of the Senate. The behind-closed-doors dealings have drawn criticism from Republicans, particularly because President Obama had promised a transparent process and ...

(As you can see, this was not a Democratic initiative. So much for Democrats banning Republican ideas.) By Gavin DahlSunday, March 28th, 2010 -- 4:57 pm Buried in the landmark health care bill passed by Democrats is $250 million over 5 years for state programs to try to convince young people to wait until marriage for sex. Proponents of abstinence-only education are thrilled, but there is little evidence this money will be effective in fighting pregnancy or HIV. "We're very happy to see ...

bipartisanship. Pubs practicing more obstructionism ...

It's going to a committee. Why? Do they really need to study this bill? It's very simple. Why this bill should become law: The bill would give the VA Secretary greater authority to fire employees and remove them from SES service due to poor performance in the same manner a Member of Congress can remove a member of their staff. The bill would require the VA Secretary to give the Senate and House Veterans’ Affairs Committees notice of removal within 30 days of removing an indi ...

The bill will be brought to the voters. Montana Senate is Republican majority. "HELENA, Mont (Reuters) - Over loud objections from Democrats, Montana's Republican-controlled Senate on Friday voted to put proposals on the 2014 ballot that would tighten voter registration and restrict the rights of third parties to compete in general elections. The measures, which are expected to be approved by the Republican-majority House, do not need approval from the Democratic governor. The ...

By The Associated PressMonday, December 21st, 2009 -- 8:55 am DAVID ESPOAP News Dec 21, 2009 07:22 EST Health care bill backed by Obama clears key Senate test on party line vote Landmark health care legislation backed by President Barack Obama passed its sternest Senate test in the pre-dawn hours early Monday, overcoming Republican delaying tactics on a 60-40 vote that all but assures its passage by Christmas. "Let's make history," said Sen. Tom Harkin, D-Iowa, shortly before the b ...

By Daniel TencerThursday, January 21st, 2010 -- 2:29 pm Dems mull reconciliation to push through reforms: report House Majority Leader Nancy Pelosi says there aren't enough votes in the House to pass the Senate version of health reform, but what that means for the future of health reform is far from clear. "In its present form without any changes I don't think it's possible to pass the Senate bill in the House," Pelosi said after meeting with the Democratic caucus on Thursday, ...

"With Democrats pressing for passage this week, Senate Republicans, backed by their leader, Mitch McConnell, attempted to attach controversial legislation calling for possible new sanctions on Iran that President Barack Obama opposes." "The legislation had the backing of most veterans' organizations, but was doomed by deep disagreements between Democrats and Republicans that have made this Congress one of the least productive in decades. Sanders, an independent who caucu ...

Senate Passes Financial Reform Bill

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