Senate Vote on Financial Reform Bill Likely Thursday, Reid Says

The Senate is hopeful that it can render a final vote on the financial services reform bill on Thursday, July 15, and then send it to President Obama for his signature. Senate Majority Leader Harry Reid (D-Nevada) filed cloture on the bill Tuesday evening, July 13, “which sets up a cloture vote” Thursday morning, Regan Lachapelle, a spokesperson for Reid’s office, told Investment Advisor in an e-mail message. “If cloture is invoked, we hope that Republicans agree to allow us to have a vote on final passage tomorrow. They could, however, force us to wait 30 hours after the cloture vote before a vote on final passage,” which could push a vote to Saturday.