Republicans propose dozens of frivolous amendments to Dodd’s financial reform bill. (Updated)

Posted on  

"Republicans propose dozens of frivolous amendments to Dodd’s financial reform bill. (Updated)"

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:

Time-wasting amendments aside, Republicans are also aiming to water-down the substance of the bill, particularly that meant to rein in banks that are “too big to fail.” The Wonk Room has more.

Update

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.


Update

,Dodd’s bill passed the committee on a party-line vote of 13-10 and now moves to the floor.

« »

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.