Senate Majority Leader Harry Reid and Senate Banking Committee Chairman Christopher Dodd today characterized GOP efforts on pending legislation to revamp financial regulation as too partisan and non-inclusive.
"With so much bipartisan progress on the substance of the legislation, it seems clear that we could quickly pass a bipartisan bill if both sides were working in good faith. Unfortunately, the Senate Republican leadership seems more interested in mischaracterizing the legislation and protecting Wall Street," Reid and Dodd wrote in a letter to Senate Minority Leader Mitch McConnell.
The Democratic leaders were responding to a letter signed by all 41 Senate Republicans expressing their opposition to the bill, which passed the Senate Banking Committee along party lines after negotiations broke down between Democratic and Republican panel members.
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