Senate supports auto dealer carveout

The Senate voted Monday in support of exempting auto dealers from a new consumer financial regulator that is part of the Wall Street overhaul bill.

The 60-30 vote is a nonbinding message to House and Senate lawmakers drafting the final version of the legislation. The vote comes over the strong opposition of the White House, Defense Department and Treasury Department.

Senate Majority Leader Harry ReidHarry Mason ReidMcConnell warns Democrats not to change filibuster rule Filibuster reform gains steam with Democrats The Hill's Morning Report - Trump wants executive order on policing; silent on pending bills MORE (D-Nev.) bucked the White House to vote in support of the exemption. Ten senators were absent.

ADVERTISEMENT

The House passed legislation in December that included an exemption for auto dealers. The Senate Wall Street overhaul bill passed last week did not include the same exemption.

The House and Senate are planning to resolve differences between the two pieces of legislation before the July Fourth recess. Monday's nonbinding vote and the House's provision from December may not prevail in the end.

Senate Banking Committee Chairman Chris Dodd (D-Conn.) and House Financial Services Committee Chairman Barney Frank (D-Mass.) both oppose the carveout.

"Just because it's there doesn't mean it has to stay," Dodd said Thursday when asked about the House provision.

Sen. Sam Brownback (R-Kan.) is the main backer of legislation carving out auto dealers. The National Automobile Dealers Association (NADA) is strongly supporting an exemption.

ADVERTISEMENT

"The Senate clearly supports not including Main Street auto dealers in the Wall Street reform bill," NADA President Phil Brady said. "Dealers across the country are pleased that both the Senate and House are now on record supporting language which is pro-consumer and preserves dealer-assisted financing as an affordable, convenient and competitive source of credit."

Democratic senators joining Republicans in support of the carveout were: Evan Bayh (Ind.), Mark BegichMark Peter BegichAlaska political mess has legislators divided over meeting place Former GOP chairman Royce joins lobbying shop Lobbying world MORE (Alaska), Barbara BoxerBarbara Levy BoxerBottom line Polls show big bounce to Biden ahead of Super Tuesday Sanders poised for big Super Tuesday MORE (Calif.), Ben CardinBenjamin (Ben) Louis CardinCongress eyes tighter restrictions on next round of small business help Senate passes extension of application deadline for PPP small-business loans 1,700 troops will support Trump 'Salute to America' celebrations July 4: Pentagon MORE (Md.), Kent Conrad (N.D.), Kay HaganKay Ruthven HaganThe Hill's Campaign Report: Democratic Unity Taskforce unveils party platform recommendations Democrats awash with cash in battle for Senate The Hill's Campaign Report: Trump's job approval erodes among groups that powered his 2016 victory MORE (N.C.), John KerryJohn Forbes KerryOVERNIGHT ENERGY: Sanders-Biden climate task force calls for carbon-free power by 2035 | Park Police did not record radio transmissions during June 1 sweep of White House protesters | Court upholds protections for Yellowstone grizzly bears Biden-Sanders 'unity task force' rolls out platform recommendations Sanders-Biden climate task force calls for carbon-free power by 2035 MORE (Mass.), Amy KlobucharAmy KlobucharThe Hill's Coronavirus Report: Fauci says focus should be on pausing reopenings rather than reverting to shutdowns; WHO director pleads for international unity in pandemic response State election officials warn budget cuts could lead to November chaos Biden strikes populist tone in blistering rebuke of Trump, Wall Street MORE (Minn.), Herb Kohl (Wis.), Mary LandrieuMary Loretta LandrieuBottom line A decade of making a difference: Senate Caucus on Foster Youth Congress needs to work to combat the poverty, abuse and neglect issues that children face MORE (La.), Frank Lautenberg (N.J.), Robert MenendezRobert (Bob) MenendezKoch-backed group urges Senate to oppose 'bailouts' of states in new ads Thomas Kean wins GOP primary to take on Rep. Tom Malinowski Trump administration moves to formally withdraw US from WHO MORE (N.J.), Barbara MikulskiBarbara Ann MikulskiForeign policy congressional committees need to call more women experts Lobbying World Only four Dem senators have endorsed 2020 candidates MORE (Md.), Patty MurrayPatricia (Patty) Lynn MurrayGOP Health Committee chair says he disagrees with Trump's WHO decision Lobbying battle brewing over access to COVID-19 vaccine Trump officials seek to reassure public about safety of a potential coronavirus vaccine MORE (Wash.), Bill NelsonClarence (Bill) William NelsonNASA names DC headquarters after agency's first Black female engineer Mary W. Jackson NASA, SpaceX and the private-public partnership that caused the flight of the Crew Dragon Lobbying world MORE (Fla.), Mark PryorMark Lunsford PryorCoronavirus poses risks for Trump in 2020 Tom Cotton's only Democratic rival quits race in Arkansas Medicaid rollback looms for GOP senators in 2020 MORE (Ark.), Reid, Jay RockefellerJohn (Jay) Davison RockefellerBottom Line World Health Day: It's time to fight preventable disease Lobbying World MORE (W.Va), Jeanne ShaheenCynthia (Jeanne) Jeanne ShaheenRussian bounties revive Trump-GOP foreign policy divide Congress eyes tighter restrictions on next round of small business help Watchdog accuses Commerce of holding up 'Sharpiegate' probe report MORE (N.H.), Arlen Specter (Pa.) and Ron WydenRonald (Ron) Lee WydenTrump administration to impose tariffs on French products in response to digital tax Mnuchin: Next stimulus bill must cap jobless benefits at 100 percent of previous income Congress must act now to fix a Social Security COVID-19 glitch and expand, not cut, benefits MORE (Ore.). Sen. Joe Lieberman (I-Conn.) also supported the motion.

Senators absent during the vote were: Robert Byrd (D-W.Va), Saxby ChamblissClarence (Saxby) Saxby ChamblissLobbying world GOP lobbyist tapped for White House legislative affairs The Hill's Morning Report - Gillibrand drops out as number of debaters shrinks MORE (R-Ga.), Tom CoburnThomas (Tom) Allen CoburnCongress must protect federal watchdogs Tom Coburn's annual gift to taxpayers Joe Biden still doesn't have a campaign theme MORE (R-Okla.), Johnny IsaksonJohnny IsaksonThe Hill's Campaign Report: Is Georgia reaching a tipping point? Democrats hope for tidal moment in Georgia with two Senate seats in play GOP senators voice confidence over uphill Senate battle MORE (R-Ga.), Blanche Lincoln (D-Ark.), Claire McCaskillClaire Conner McCaskillTrump mocked for low attendance at rally Missouri county issues travel advisory for Lake of the Ozarks after Memorial Day parties Senate faces protracted floor fight over judges amid pandemic safety concerns MORE (D-Mo.), Jeff MerkleyJeffrey (Jeff) Alan MerkleyHillicon Valley: QAnon scores wins, creating GOP problem | Supreme Court upholds regulation banning robocalls to cellphones | Foreign hackers take aim at homebound Americans | Uber acquires Postmates QAnon scores wins, creating GOP problem Democratic senator will introduce bill mandating social distancing on flights after flying on packed plane MORE (D-Ore.), Charles SchumerChuck SchumerDemocrats blast Trump for commuting Roger Stone: 'The most corrupt president in history' A renewed emphasis on research and development funding is needed from the government Data shows seven Senate Democrats have majority non-white staffs MORE (D-N.Y.), Mark WarnerMark Robert WarnerGOP chairman vows to protect whistleblowers following Vindman retirement over 'bullying' Senators press IRS chief on stimulus check pitfalls Hillicon Valley: Facebook takes down 'boogaloo' network after pressure | Election security measure pulled from Senate bill | FCC officially designating Huawei, ZTE as threats MORE (D-Va.) and Roger WickerRoger Frederick WickerSenate GOP hedges on attending Trump's convention amid coronavirus uptick Bottom line GOP rallies around Trump after firing of Manhattan US attorney MORE (R-Miss.). 

This story was posted at 6:01 p.m. and updated at 6:46 p.m.