Financial Reform Watch

As predicted by Financial Reform Watch last night, Senate Majority Harry Reid filed cloture today on the motion to proceed to Sen. Dodd’s financial regulatory reform bill (S. 3217). The Senate will vote at 5 p.m. on Monday night whether or not to begin debate on the legislation. If at least sixty Senators—all 59 Democrats plus one Republican—vote yes, then the Senate will begin full consideration of financial reform starting on Tuesday. The debate on the Senate floor could take up to two weeks.