Sen. Scott Brown (R-Mass.) said he'd "continue to review" a Wall Street reform bill over next week's congressional recess to see if he could support it.
After the conference committee on Democrats' financial regulatory reform bill reconvened to remove the $19 billion in fees and assessments on banks that Brown had opposed, the Massachusetts Republican said he would take the next week to decide how he'd vote.
“I appreciate the conference committee revisiting the Wall Street reform bill and removing the $19 billion bank tax," Brown said Wednesday in a statement. "Over the July recess, I will continue to review this important bill."
His statement all but ensures that the Wall Street reform package wouldn't pass until after the Fourth of July holiday, the point by which President Barack ObamaBarack ObamaCorruption trial could roil NJ Senate race President heads to Trump Golf Club in Va. for meetings The Memo: Winners and losers from the battle over health care MORE had hoped to sign the legislation into law. Lawmakers will leave Washington next week for a recess in observance of the holiday.
Brown stopped well short of pledging his support for the final legislation, though. He supported the original Senate bill, but came out in opposition to the conference version of the bill that included the $19 billion bank tax.
The blue-state Republican senator's vote is more critical to Democratic leaders following the death of Sen. Robert Byrd (D-W.Va.), whose passing left his party's leaders a vote short on Wall Street reform.
Senate leaders and members of the Obama administration have courted Brown and Maine GOP centrist Sens. Olympia Snowe and Susan CollinsSusan CollinsGOP senators pitch alternatives after House pulls ObamaCare repeal bill Five takeaways from Labor pick’s confirmation hearing ObamaCare repeal faces last obstacle before House vote MORE in the meantime, while working to bring Democratic holdout Sens. Russ Feingold (Wis.) and Maria CantwellMaria CantwellSenators want more security funding for Jewish centers Senate passes bill ending Obama-era land rule Senate Dems introduce bill to block Trump's revised travel order MORE (Wash.) onboard.
Brown said he was "committed" to passing legislation to put new rules of the road in place for Wall Street.
"I remain committed to putting in place safeguards to prevent another financial meltdown [and] ensure that consumers are protected and that this bill is paid for without new taxes," he said.