Sen. Dodd To Introduce Financial Reform legislation
Today
Today Senate Banking Cmte. Chairman Dodd (D-CT) is expected to unveil his financial reform proposal. Sen. Dodd said the bill would create a systemic risk council, provide greater transparency in the trading of derivatives and protect consumers from risky or abusive financial actions/practices. Last week, Sen. Corker (R-TN) expressed his disappointment with the decision to release the bill, saying the health care debate forced Sen. Dodd to move forward.
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Senate Continues Work On Jobs Bill
Today
The Senate continues working on (HR 2847), the Hiring Incentives to Restore Employment Act. The bill, now estimated at $17.6 Billion, proposes to create a payroll tax credit for businesses that hire new workers, extends provisions for the Highway Trust fund, extends the "Build America" bond program, and allows certain expense deductions for small businesses.
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