Today, Senator Ben Nelson (D-NE) confirmed that he will "vote for" the Dodd-Frank Wall Street Reform and Consumer Protection Act conference report, recently passed by the House before the July 4th recess, alleviating concerns that Senate Democrats might not have the 60 votes needed to overcome a Republican filibuster of the legislation. With 57 Democrats apparently committed to vote for the legislation, Republican Senators Scott Brown (R-MA), Olympia Snowe (R-ME) and Susan Collins (R-ME) have all stated they expect to support the legislation following recent House-Senate Conference Committee amendments which removed the controversial $19 billion "bank tax" from the conference report.
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Senator Nelson confirms support for financial reform legislation; Senate Democrats expected to overcome any potential Republican filibuster
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Senior Patent Counsel
Royal DSM NV