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Conflict minerals comment period delayed under corporate and congressional pressure
By Lindsay Young Feb 7, 2011 1:49 p.m.After a powerful committee chairman and several corporate interests wrote to the Securities and Exchange Commission (SEC) requesting an extension of the comment period for the agency’s proposed regulations requiring that companies disclose when they use “conflict minerals,” the agency granted the request.
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Senate approves financial reform in a late night vote
By Ryan Sibley May 21, 2010 1:10 p.m.The Senate passed sweeping financial reform legislation last night, aimed at keeping the financial sector from collapsing as it did in 2008. The final vote was 59-39, with four Republicans joining the majority party to get the bill through. Two Democrats remained opposed to the bill, saying the Senate measure didn't include tough enough regulations.
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Financial reform moves to Senate vote
By Ryan Sibley May 20, 2010 4:49 p.m.After a second procedural vote this afternoon, the Senate was able to shut down debate on S. 3217, Restoring American Financial Stability. Exactly three-fifths of the senate, including 3 Republicans, voted in favor of the motion, which passed 60-40. Two Democrats voted no.
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Financial reform regulation held up by its own creators
By Ryan Sibley May 20, 2010 10:42 a.m.Last night’s vote by the Senate to end the debate on S. 3217, Restoring American Financial Stability, failed 57-42 with two majority party senators voting no; we'll be following the proceedings as events warrant on Sunlight Live.
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Shelby smells a rat in S. 3217
By Ryan Sibley Apr 29, 2010 3:44 p.m.Sen. Richard Shelby, R-Ala, doesn't believe the financial reform bill the Senate began debating today will actually regulate the large financial organizations whose risky actions threatened the entire economy in 2008. Instead, the ranking member of the Senate Banking Committee sees the bill as something that will further institutionalize bank bailouts in the future.
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Sen. Lincoln's proposed reform moves to the Senate floor for debate
By Ryan Sibley Apr 21, 2010 2:32 p.m.The financial reform legislation regarding derivatives voted 13-8 out of the Senate Agriculture Committee this morning and on to the Senate floor. It’s intended to fend off any future government bailouts and prohibit the risky behavior banks participate in that caused the 2008 financial meltdown. But of course, the very organizations that these new laws will affect are using their money and expertise to influence the lawmakers in charge of making reform happen.
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