Senate Banking Committee Chairman Christopher Dodd (D-Connecticut) told reporters outside the White House today, March 24, that “the door is still open” on getting a financial services reform bill passed, stating that he was hopeful a “strong” bill would hit the full Senate floor within the next month. Dodd said he hoped a bill would be passed before Memorial Day.
Dodd also said that he and House Financial Services Chairman Barney Frank (D-Massachusetts) would be working “in the coming days” to harmonize, where they can, their two bills. Frank added during the press conference that the financial services reform bill in the Senate will be “the No. 1 issue for the U.S. Congress” when lawmakers get back from Easter break on April 12. While Frank acknowledged that there would be “some opposition” to passing a reform bill, noting Republican threats to “kill the bill,” he was optimistic a bill would be passed.