Senate says yes to financial reform, but exempts VCs from new rules
July 15th, 2010
The U.S. Senate passed the 2,300-page financial reform bill today (vote was 60 to 39) after more than a year of deliberation. The Obama administration is casting it as a major victory — protecting average consumers from Wall Street excesses . For the most part, senators voted along party lines, with only three Republicans breaking ranks to support the legislation, one of the highest domestic priorities for the Democrats
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Senate says yes to financial reform, but exempts VCs from new rules