Monday, May 24, 2010

The Daily Strike-5/24/10-Finishing Touches

Good evening and welcome to the Daily Strike. We'll keep this very brief, since I just wrote the Weekly Strike a few hours ago. I'm also fairly hopeful we'll see a Big Picture entry in the near future.

THE SENATE: The Senate took a couple final votes today on non-binding "Motions to Instruct Conferees" in the financial regulation bill. These suggestions won't actually influence conference negotiations on the bill, but they are an opportunity for Senators to register views on various issues.

The first vote was on a motion offered by Senator Hutchison (R-TX) would protect the military from new rules on proprietary trading. Not a lot of people vote against the military, so the motion passed 87-4. Only Democrats Cantwell (WA), Feingold (WI), Independent Sanders (VT) and Republican Bunning (R-KY) voted no.

Next was a motion from Senator Brownback that would exempt auto companies from some of the regulations in this bill. I'm sympathetic to the auto industry, but it's a slipper slope before we start allowing exemptions for all kinds of industries. The motion carried 60-30, with all no votes coming from Democrats.

That's it for now, we'll see you tomorrow.

No comments:

Post a Comment