A procedural Senate vote Tuesday to consider S. 3637, which would extend the Transaction Account Guarantee, won by a significant margin of 76-20, according to the official roll call posted on the Senate website.
All Senate Democrats voted yes on the measure, with the exception of Sens. Daniel Inouye of Hawaii and Frank Lautenberg of New Jersey, who did not cast votes. All 20 "nay" votes were cast by Senate Republicans.
Following the vote, Senate Majority Leader Harry Reid (D-Nev.) immediately filed a cloture motion to proceed directly to a vote on the bill itself, which could happen as early as Thursday morning.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.