While the Senate and House have debated the health care reform endlessly, fighting tooth and nail at every step, all the while being broadcast on network television, the financial reform bill is quietly moving along under the radar. On the same day that Senator Dodd proposed his sweeping reform bill, it passed committee.
“The bill that finally passes on the floor will be a much more business-friendly bill,” Miller said today. “They won’t get a bill done until Dodd and Shelby agree on the compromise, but Republicans do want to get a bill done this year. So there’s incentive for both sides to come to agreement.”
The fact that the bill is going to be watered down even more is a sad statement to an on-going tragedy.