WASHINGTON (AP) - The top Republican on the Senate Banking Committee says it's unrealistic to think the committee can debate and vote on a financial overhaul bill in one week.
Alabama Senator Richard Shelby says forcing the banking committee to rush its work on the bill "undercuts the potential for bipartisan agreement."
Committee Chairman Chris Dodd unveiled the bill today. Dodd wants debate to begin next Monday with work wrapped up within the week.
The bill would give the government new powers to break up firms that threaten the economy, force the industry to pay for its failures and create an independent consumer watchdog within the Federal Reserve. It falls short of the sweeping changes President Barack Obama wanted.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
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Republicans: don't rush financial bill
WASHINGTON (AP) - The top Republican on the Senate Banking Committee says it's unrealistic to think the committee can debate and vote on a financial overhaul bill in one week.
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Published: March 16, 2010
Published: March 16, 2010
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