If You Want to Follow the Action on Financial Reg Reform

Tim Fernholz has been following the fate of the various amendments in the Senate and blogging it over at The American Prospect.

The biggest highlight from our perspective was probably not an amendment passing, but the defeat of an amendment:

An amendment from ranking Banking Committee member Richard Shelby failed, 38-61. His proposal would have moved consumer-protection authority from an independent bureau to a division within the FDIC and limited its jurisdiction; defeating this bill by such a large margin shows the political favorability of (relatively) strong consumer authority.

For the broader public however, there are a variety of high profile items that have been acted on recently, read the whole thing.