Senate approves Wall Street reform bill
By Tom Braithwaite in Washington
Published: May 20 2010 17:12 | Last updated: May 21 2010 02:16
The US Senate approved a sweeping overhaul of financial regulation on Thursday evening, paving the way for President Barack Obama to sign it into law and forcing big banks into major restructuring.
Chris Dodd, the Democratic Senate banking committee chairman and sponsor of the regulatory reform bill, celebrated a victory that was made possible after four Republicans backed the bill in a 59-39 vote. Two Democrats voted against it.
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