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For the past three days, Majority Leader Harry Reid has called for a cloture vote on the financial reform bill, which is being sold as an attack on Wall Street, but in actuality, is an attack on Main Street thanks to the super-intrusive Consumer Financial Protection Bureau.
Republicans (and a couple of Democrats) have prevented Senate Democrats from achieving the necessary 60 votes to begin debate on the bill. But yesterday, Senator Richard Shelby (R-Alabama) said that Harry Reid has no intention of reaching a compromise.
Shelby opposes the bill, calling the consumer protection bureau a “massive new bureaucracy” that will regulate “whatever it wants, whenever it wants, and however it wants.” But he said it is up to Senate Republicans to vote their conscience on this bill.
That means it is more important than ever to contact your Senators and let them know that you do NOT support the consumer protection bureau – unless, of course, you would like the government peering over every financial transaction you ever make.