Following news that financial reform legislation will proceed to the Senate floor, Senate Banking Committee Chairman Christopher Dodd (D-Conn.) told reporters this morning that negotiators will begin the process of bringing uniformity to the House and Senate financial-overhaul bills in the coming days.
"I'm confident we can get a bill," Mr. Dodd said, hinting that lawmakers are now prepared to move toward a broad review and rewrite of the rules governing financial institutions. "I've very hopeful in light of our conversations over the last couple of days that we can have a good, strong bill on the floor of the United States Senate within the next month."
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