In addition to facing continuing opposition from the GOP, the financial reform bill could also face opposition from within.
Sen. Ben Nelson (D-Neb.), a centrist whose vote fellow Democrats might need in order to secure 60 or more votes to pass the bill, said today that the bill is not yet at a place where he could support it on final passage.
Notably, Senator Nelson joined with Republicans in three procedural votes last week in an effort to block beginning debate on the reform bill. He was the only Democrat to do so. Although Sen. Nelson did concede that the amendments approved earlier today are bringing him closer to supporting the legislation, he also said that he still has “a lot” of concerns with the bill, including how the legislation would affect small and community banks.
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