Today at 2 p.m., Senate Banking Committee Chairman Christopher J. Dodd, D-Conn., unveiled his latest draft proposal to reshape the nation’s financial regulatory system. This draft significantly changes and builds upon his initial draft released in November 2009. After months of negotiations, first with Banking Committee Ranking Member Richard Shelby, R-Ala., and then with Sen. Bob Corker, R-Tenn., Dodd decided to move forward without the support of the Republicans.
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