Financial regulatory reform legislation could be unveiled "within a matter of hours," Senate Banking Chairman Chris Dodd (D-Conn.) said Wednesday on the floor.
Negotiations between Republicans and Democrats have been ongoing throughout the week with both sides sounding optimistic about reaching an accord on the legislation.
Although Dodd has said he would bring legislation to the floor without complete agreement, both parties have voiced an intention to have a bill come to the floor that could pass with a few amendments.
Republican Sens. Bob Corker (Tenn.) and Mike Johanns (Neb.) have said they foresee the Senate considering a bill that could garner 70 votes.