BATTLE FOR THE SENATE | WV-sen | FL-sen | MI-sen | IN-sen | ND-sen | OH-sen | PA-sen | MT-sen

Bipartisan Coalition Moves to Weaken Banking Rules

Casey, Brown, and Manchin lent Trump some support on tariffs.

Kimberly Railey and Nia Prater
Add to Briefcase
See more stories about...
Kimberly Railey Nia Prater
March 7, 2018, 10:43 a.m.

“A plan to scale back post-financial crisis banking rules cleared a key Senate hurdle Tuesday, with a bipartisan coalition voting to move the measure toward passage,” including Sens. Jon Tester (D-MT), Heidi Heitkamp (D-ND), and Joe Donnelly (D-IN).

“If passed, the measure would mark the most significant revision of banking rules since Congress passed a sweeping financial regulatory law in response to the 2008 economic crisis.” The trio “helped negotiate the banking legislation with its GOP sponsor, Banking Committee Chairman Mike Crapo.” (Washington Post)

Sens. Debbie Stabenow (D-MI) and Bill Nelson (D-FL) also voted to advance the bill. (Washington Examiner)

UNLIKELY SUPPORT. President Trump might have some support for his controversial trade tariffs from an unlikely place: Senate Democrats. Senators Bob Casey (D-PA), Sherrod Brown (D-OH), and Joe Manchin (D-WV) represent states with a heavy investment in metal industries that also voted for Trump in 2016. Trump’s tariffs on aluminum and steel offer the three senators “a chance to tout their bipartisan credentials and defend their home-state metals industries all at once.”

Casey, who has emerged as a strong critic of Trump, admitted that agreeing with the president on an issue “doesn’t happen that often” and said “I’m happy to see action being taken.”

Brown said he might’ve went about the issue a different way, but “I have urged him to move on this, and I did it publicly, and I’m glad he has moved on this."

“Manchin described the issue as 'one of the many' things he and Trump agree on, adding that the tariffs push is “a chance to look at all these agreements we have, what they’ve done to our country and find out a way to correct it." (Politico)

What We're Following See More »
WEDNESDAY?
Judiciary Committee Counteroffers on Ford Appearance
1 days ago
THE LATEST
THIS WILL NOT HELP
Trump Says Ford Should Have Filed Charges 36 Years Ago
1 days ago
THE LATEST
DOESN'T WANT TO BE NEAR KAVANAUGH
Ford Would Like to Testify on Thursday
1 days ago
THE LATEST

"Christine Blasey Ford, the woman accusing Supreme Court nominee Brett Kavanaugh of sexual assault in the 1980s, is reportedly willing to publicly testify in front of the Senate Judiciary Committee next Thursday. Lawyers for Ford told committee staffers during a call Thursday evening to negotiate details of a potential hearing that she wanted Kavanaugh to testify before her and she does not want to be in the same room as him, according to multiple reports."

Source:
PER LETTER TO JUDICIARY COMMITTEE
Kavanaugh WIll Testify Monday
1 days ago
THE LATEST
BUT CANCELLATION WILL NOT COME SOON
Grassley Says Hearing May Be Pushed Past Monday
3 days ago
THE LATEST

"Senate Judiciary Chairman Charles E. Grassley said Wednesday a planned Monday hearing on sexual assault allegations against Supreme Court nominee Brett Kavanaugh would likely not go on without accuser Christine Blasey Ford," but said any decision to cancel would be made at the last minute.

Source:
×
×

Welcome to National Journal!

You are currently accessing National Journal from IP access. Please login to access this feature. If you have any questions, please contact your Dedicated Advisor.

Login