Financial Regulatory Overhaul. S 3217 (Roll Call 160)
The Senate agreed to stop
debate and vote on a massive re-write of the nation’s financial services industry
regulations. ACU strongly opposed this re-write, judging that it will not protect
consumers, and will in fact further de-stabilize the economy. Under Senate rules, 60 votes
are required to limit debate, and on May 20, 2010 the Senate voted 60-40 to do so.