Tagged: Senate

Wall Street reform bill threatened

The death of U.S. Senator Robert Byrd (r.) is threatening to delay passage of the sweeping Wall Street regulatory reform legislation until mid-July after it had been on track for House and Senate votes this week.  Law Professor Cornelius Hurley, a former counsel to the Federal Reserve Board of Governors and now director of the Morin […]

Financial regulatory bill agreed on

House and Senate conferees finally worked out a compromise bill aimed at reshaping financial regulations to avoid another Crash of ’08, with a final vote set for next week and President Obama expected to sign it by July 4th.  As expected: many winners and losers.  One controversial provision gives the SEC authority to require stockbrokers to […]

Financial regulatory reform showdown

House and Senate conferees hope to wrap up this week the final version of financial regulatory reform legislation to send to President Obama, with chairmen Barney Frank and Chris Dodd delicately trying to compromises without losing votes for the overall package.  What do about the trading of derivatives – the complex financial packages which helped sink […]

Arizona fighting the 14th Amendment

On the heels of passing a controversial law involving screening illegal immigrants, the Arizona legislature is considering a bill that would deny citizenship to children of illegal immigrants, despite the 14th Amendment to the U.S. Constitution that specifically grants naturalized citizenship to such children.  Law Professor Susan Akram, an authority on immigration law, says getting such […]

The FDIC’s deposit-insurance limit

Congressional negotiators working out difference between the House and Senate financial reform bills are hammering out compromises right and left.  One would permanently (and retroactively to January 2008) move from $100,000 to $250,000 the deposit insurance on individual bank accounts.  Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and […]

Financial regulatory reform crunch time

Capitol Hill negotiators from the House and Senate committees dealing with financial regulatory reform are getting down to the details of working out differences between the bills passed in respective chambers, with Democrats holding the majority votes in both.  Former Federal Reserve Bank examiner Mark Williams, who teaches finance in the School of Management and […]

Senate primary lessons

U.S. Senate primaries — with Republican-turned-Democrat Arlen Specter defeated in the Pennsylvania Democratic primary, Arkansas Democratic Senator Blanche Lincoln forced into a run-off, and a hand-picked GOP candidate beaten by Tea Party favored candidate Rand Paul in Kentucky — may indicate an anti-incumbent mood in the country.  But political science Professor Graham Wilson cautions that the Specter loss proves no […]

Healthcare reform heads to the floor

The great healthcare-reform debate now moves to the floor of the House and Senate where Democrats wrestle with balancing priorities between affordable insurance and comprehensive benefits.  School of Management Professor Stephen Davidson, author of “In Urgent Need of Reform: Saving the U.S. Healthcare System,” says it’s a false choice which doesn’t address the need for […]