GOP Wants Dodd To Slow Down On Financial Reform Legislation

By Brady Dennis

Republicans on the Senate banking committee said they remain open to finding a bipartisan agreement on legislation to overhaul financial regulation, but they warned the chairman, Sen. Christopher J. Dodd (D-Conn.), against trying to push a bill through too quickly.

“While we remain open to finding commonground and to working diligently toward passage of bipartisan legislation, we believe a markup scheduled in haste would certainly prevent us from achieving that goal,” said a letter, signed by all 10 Republican committee members and obtained by The Washington Post.

Dodd, who has been in close negotiations for several weeks with freshman Sen. Bob Corker (R-Tenn.), announced Thursday that he would move forward with an updated version of a bill on Monday without Republican support. He also said he plans to start hashing out details of the bill in his committee the week of March 22, ahead of the legislative recess.

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The Washington Post (12 March 10)