Reid hopes to pass Wall Street reform this week

Senate Democrats hope to vote "this week" on final passage for Wall Street reform, Majority Leader Harry Reid (D-Nev.) said Monday.

Reid announced plans to press forward with the financial regulatory reform legislation after key centrist Republicans backed the legislation.

“We will finish our work on this bill this week to ensure that these critical protections and accountability for Wall Street are in place as soon as possible," Reid said in a statement.

The legislation won support on Monday from Massachusetts Sen. Scott Brown (R), and Maine GOP Sens. Olympia Snowe and Susan Collins, putting Democrats within reach of the 60 votes needed to advance the legislation.

Reid saved words of praise for those Republicans on Monday evening.

"Despite the difficult political climate, these Republicans have joined Democrats to support these common-sense protections for consumers, investors and financial institutions that will help prevent another financial crisis," he said.

Senate passage would send the final version of the bill to the White House for President Barack Obama's signature.