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| July 13, 2010: U.S. Sen. Scott Brown, Massachusetts Republican, announced yesterday, Monday, July 12, 2010, that he will vote for financial industry reform legislation when it comes up for a final vote, likely assuring Democrats the 60 votes they need to pass the legislation, according to The Hill. Brown voted for the bill when it first came up for a vote, but had opposed a provision in the conference report that would have imposed $19 billion in taxes on financial firms to pay for the bill. That provision was taken out of the bill by Democrats to secure Brown’s support, but Brown hadn’t said for sure whether it would be enough. “I appreciate the efforts to improve the bill, especially the removal of the $19 billion bank tax. As a result, it is a better bill than it was when this whole process started,” Brown said in a statement on July 12. “While it isn’t perfect, I expect to support the bill when it comes up for a vote.” Democrats need 60 votes to move the legislation through the Senate. Fifty-seven Democrats support the legislation, and Republican Sen. Susan Collins, of Maine, has also indicated she will support the bill. Democrats were forced to delay a final vote after the death of Sen. Robert Byrd, West Virginia Democrat, left them one vote short. West Virginia Gov. Joe Manchin, Democrat, is expected to appoint a temporary replacement soon, and that new Senator would also be expected to vote for Wall Street reform. Another Republican, Sen. Olympia Snowe, of Maine, is also seen as a likely vote for the reform legislation. |
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