Tuesday, December 14, 2010

U.S. Senate failed to pass the financial reform plan.

<P> The obvious differences between Democrats and Republicans there, the U.S. Senate in 26 procedural vote failed to pass the financial reform plan. .</ P> <P> day vote was 41 votes against 57 votes in favor, and the passage of the bill requires at least 60 affirmative votes. .For this result, Obama immediately expressed "disappointment." .He urged the parties to the national interest of the Senate, passed the bill to avoid a repeat of the financial crisis. .</ P> <P> the financial reform plan led by the launch of the ruling Democratic Party. .In accordance with the contents of the draft, the U.S. financial regulatory system will be fully remodeling, government regulation, will greatly enhance the power of large financial institutions will be willing to curb the urge to take risks, while the government will set up a new consumer protection agency. .This will be from the last century "Great Depression" the most significant since the United States, the most comprehensive financial regulatory reform. .</ P> <P> but in some specific regulatory measures, such as giving the Federal Reserve and the government more regulatory power, the Republicans opposed. .Some Republicans think the Democrats of the program can not effectively prevent a similar crisis from happening again. .</ P> <P> U.S. House of Representatives previously passed similar reforms, but the final bill to become law, it must be passed in the Senate. .Because the U.S. mid-term elections approaching, the parties are not willing to make too many concessions, and the Republicans 100 seats in the Senate has 41 votes in the "critical few", which makes the bill passed in the Senate outlook is uncertain. .</ P>.

No comments:

Post a Comment