Brown, Snowe Give Dems 60 Votes to Pass Wall Street Bill

GOP yeas mean they don't need Byrd replacement

By Jane Yager,  Newser Staff

Posted Jul 13, 2010 6:49 AM CDT | Updated Jul 13, 2010 7:49 AM CDT

(Newser) – With New England Republicans Olympia Snowe and Scott Brown on board, Senate Democrats appear to have the 60 votes they need to pass the Wall Street reform bill. The move by Snowe and Brown means Dems won't have to wait for the appointment of a successor to the late Sen. Robert Byrd before passing the overhaul and sending it to President Obama.

The conference report, the Democratic Congress's second major overhaul after health reform, would tighten regulation of credit cards and mortgages, regulate the $600 trillion derivatives market, boost oversight of financial system risks, and seek to prevent future taxpayer-funded Wall Street bailouts. Besides Snowe and Brown, Dems have commitments from 57 of their members and Maine Republican Susan Collins, the Hill reports.

In this Jan. 8, 2010 photo, Sen. Olympia Snowe, R-Maine, speaks during an interview  in Portland, Maine. Senate Democrat leaders have secured Snowe's vote on sweeping financial industry reform.
In this Jan. 8, 2010 photo, Sen. Olympia Snowe, R-Maine, speaks during an interview in Portland, Maine. Senate Democrat leaders have secured Snowe's vote on sweeping financial industry reform.   (AP Photo/Robert F. Bukaty, File)
In this June 16, 2010 file photo, Sen. Scott Brown, R-Mass. is seen on Capitol Hill in Washington.
In this June 16, 2010 file photo, Sen. Scott Brown, R-Mass. is seen on Capitol Hill in Washington.   (AP Photo/Drew Angerer, File)
Snowe, Brown.
Snowe, Brown.   (AP Photos)
In this April 28, 2010 file photo Senate Majority Leader Harry Reid of Nev., right, accompanied by Senate Banking Committee Chairman Christopher Dodd, D-Conn., speaks on Capitol Hill in Washington.
In this April 28, 2010 file photo Senate Majority Leader Harry Reid of Nev., right, accompanied by Senate Banking Committee Chairman Christopher Dodd, D-Conn., speaks on Capitol Hill in Washington.   (AP Photo/Charles Dharapak, File)
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