Brown and Vitter argue that the Dodd-Frank financial reform law didn’t do enough to keep large banks in check. They say that if banks are still “Too Big To Fail,” they have an unfair advantage and are able to borrow more money since lenders believe they would be bailed out if a risky investment fails.
The Senate also voted on the following budget amendments:
- Sen. Mark WarnerMark WarnerMcConnell: Spending bill will include miners' pension fix Overnight Cybersecurity: Watchdog seeks release of Clinton aide's deposition Overnight Tech: FCC eyes cybersecurity role | More trouble for spectrum auction | Google seeks 'conservative outreach' director MORE (D-Va.) amendment 693, to stop the repeal of the estate tax without offsetting the revenue, passed 80-19.
- Sen. John ThuneJohn ThuneSenate GOP to Obama: Stop issuing new rules Week ahead: AT&T-Time Warner merger under scrutiny Fight breaks out at FCC over 'zero-rating' data plans MORE (R-S.D.) amendment 307, to permanently eliminate the federal estate tax, failed 46-53.
- Sen. Jack ReedJack ReedThis Week in Cybersecurity: Dems press for information on Russian hacks A Cabinet position for Petraeus; disciplinary actions for Broadwell after affair Overnight Cybersecurity: Last-ditch effort to stop expanded hacking powers fails MORE (D-R.I.) amendment 482, to provide funding for low-income weatherization and energy efficiency retrofit programs, passed by voice vote.
- Sen. Mary LandrieuMary LandrieuFive unanswered questions after Trump's upset victory Pavlich: O’Keefe a true journalist Trump’s implosion could cost GOP in Louisiana Senate race MORE (D-La.) amendment 314, to fix Congressional Budget Office scoring on leases of major medical facilities of the Department of Veterans Affairs, passed by voice vote.
- Sen. Tom UdallTom UdallTom Udall eyes NM governor bid Court ruling could be game changer for Dems in Nevada Tensions rise over judicial nominees MORE (D-N.M.) amendment 483 to create royalty fees for hardrock mineral mined on federal land, passed by voice vote.
- Sen. Jon TesterJon TesterRed-state Dems face tough votes on Trump picks Montana Republican warns of Senate challenge to Tester Vulnerable Dems ready to work with Trump MORE (D-Mont.) amendment 537, to authorize children who are eligible to receive healthcare furnished under laws administered by the Secretary of Veterans Affairs to retain such eligibility until age 26, passed by voice vote.
- Sen. Pat Toomey (R-Pa.) amendment 535, to repeal the tax increase on catastrophic medical expenses created by the Affordable Care Act, failed 45-54.
- Sen. Robert CaseyBob CaseyMcConnell: Spending bill will include miners' pension fix Overnight Finance: Trump adviser softens tone on NAFTA | Funding bill to be released Tuesday | GOP leader won't back Trump tariff plan Senate reverses passage of anti-terrorism bill MORE (D-Pa.) amendment 442, to fund Edward Burn Memorial Justice assistance grants for state and local law enforcement, passed by voice vote.
- Sen. Dan CoatsDan CoatsTrump narrows secretary of State field to four finalists 2016’s battle for the Senate: A shifting map 10 Senate seats that could flip in 2018 MORE (R-Ind.) amendment 514, to allow presidential exemptions from the rule of the Environmental Protection Agency — the Mercury and Air Toxins Standard — for power plants that need additional time to meet standards, failed 46-53.
- Sen. Ben CardinBen CardinAide: Trump invited Philippine leader to WH Dem senator: Hold hearing on Russian interference in election Overnight Finance: Questions swirl around Trump's plan for his business | Treasury pick promises major tax cut | White House downplays Carrier deal MORE (D-Md.) amendment 273, to improve oral healthcare for children with Medicaid coverage, passed by voice vote.
- Sen. Mike LeeMike LeeSenate GOP: National museum should include Clarence Thomas Senate GOP to Obama: Stop issuing new rules Will Trump back women’s museum? MORE (R-Utah) amendment 373, to provide a point of order against budgets spending more on net interest payments on the debt than on national defense, and to ensure the government funds its military at higher levels than the militaries of foreign holders of its debt, failed 46-53.