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Article: Dodd Charts Risky Course on Reg Reform.(Washington)
- Article from:
- American Banker
- Article date:
- November 6, 2009
- Author:
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Byline: Stacy Kaper
WASHINGTON - When Senate Banking Committee Chairman Chris Dodd finally unveils his regulatory reform bill next week, the first gauge of pressure points in the Senate will emerge - and a flurry of deal-cutting will commence.
It is an unusual, and perhaps risky, strategy for Dodd, who typically lines up sufficient support behind the scenes before publicly introducing legislation.
With regulatory reform, however, few members of the committee know details of what's in the bill, including his Democratic colleagues, and talks with Alabama Republican Sen. Richard Shelby have at least temporarily broken down. Without Shelby, the ...