Today at 5:00pm EST, the U.S. Senate will hold a roll call vote to invoke cloture on the motion to proceed to S. 3217 (Restoring American Financial Stability Act of 2010).
Democrats and Republicans have been attempting to reach a compromise on the bill, which contains new provisions and regulations on financial industries ranging from Wall Street trading to payday loans.
Democrats have grown tired of attempting to reach a compromise and are trying to push the legislation through, despite the fact that the all-powerful Consumer Financial Protection Bureau it would create will have near-limitless power to eliminate financial services.
American consumers should have the power to control their own financial destiny – not bureaucrats with an agenda.
We need to let the Senate know that the financial reform bill goes too far.
Click here to read more about the issue and to send a message directly to your U.S. Senators.