This evening, the Senate Banking Committee is scheduled to begin markup of Chairman Chris Dodd’s (D-CT) financial regulatory reform legislation. A total of 473 amendments have been proposed, with Republicans accounting for the bulk of them. And many of the GOP’s amendments are seemingly aimed at running out the clock until the Senate adjourns for a two week recess on Friday. For instance, Sen. Jim Bunning (R-KY) — the same senator who ground the senate to a halt to prevent the extension of unemployment benefits — has proposed 25 different amendments to change the effective date of the legislation’s implementation. Sen. Mike Johanns (R-NE) and Sen. David Vitter (R-LA) have 25 and 14 different amendments, respectively, also delaying the legislation’s effective start date. Here is part of Bunning’s list of amendments:
Republicans have decided to forego offering their amendments to Dodd’s bill in committee. Instead, the plan to simply oppose it and offer their amendments on the Senate floor.