

Dodd: Financial reform bill coming in days
Senators hope to unveil their financial reform bill in a matter of days, Sen. Chris Dodd (D-Conn.) said Friday morning.
Dodd, the chairman of the Senate Banking Committee, said that the public would see his financial reform bill soon.
"I think days," Dodd said on CNBC when asked about the window in which he hoped to announce his bill. "Depending on how things are progressing, I'm hoping we can announce an agreement."
Members of both parties on the committee have been working on hammering out a bill after talks had broken down in early February between Dodd and the top Republican member of the committee, Sen. Richard Shelby (Ala.).
Those talks were hung up over the proposed Consumer Financial Protection Agency, which seems more and more likely to be housed within the Federal Reserve, and not a standalone agency, as Dodd had preferred.
"I think we're getting a good chance for strong, bipartisan cooperation on that," Dodd said on the consumer protection aspects of the bill.
The Banking chairman also addressed the growing activist support for the reform bill and the consumer protection agency, particularly the video released by a slew of former "Saturday Night Live" members posing as former presidents, pressuring President Barack Obama into backing the bill.
"I think it's because it's understandable," Dodd said of his bill's resonance. "The subject matter of derivatives and swaps and 'too big to fail' is somewhat removed from the general public.
"I think consumer protection is something people can relate to."









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