Scott Brown says he’ll support financial regulation bill

Jon Ward
The Daily Caller

…Brown, who has walked a fine line in trying to remain independent while not alienating the conservative grassroots that helped him get elected in January, said the bill “includes safeguards to help prevent another financial meltdown, ensures that consumers are protected, and it is paid for without new taxes.”

He said that “further reforms are still needed to address the government’s role in the financial crisis, including significant changes to the way Fannie Mae and Freddie Mac operate.”

Senate Majority Leader Harry Reid, Nevada Democrat, has a 58-seat majority, and Democrat Sen. Russell Feingold of Wisconsin opposes the bill, saying it will not prevent future bailouts.

So Reid needs three Republicans to vote for the bill. Brown’s support gives him two, after Sen. Susan Collins, a Maine Republican, said on June 30 that she will vote for it.

Reid will need to get either Sen. Olympia Snowe, Maine Republican, or Sen. Chuck Grassley, Iowa Republican, to vote for the bill to get it passed over a Republican filibuster. Neither Snowe or Grassley have yet made up their mind.

The entire article is at The Daily Caller.

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