The House-Senate conference committee on the financial regulations bill wrapped up its work early today following a marathon 20-hour session. The measure passed out of conference on a party line vote, with 27 Democrats voting for it, and 16 Republicans voting against.
In remarks this morning before his departure to Canada for the G-8 summit, President Obama praised the conferess for passing what he said is the "strongest financial reform since the Great Depression."
The legislation now goes back to both chambers for final consideration. The House Conference Chairman Barney Frank (D-MA) said he hopes to see the legislation signed into law by President Obama before July 4th.
Keywords
Business & Commerce, Banking & Financial Markets Regulation