Massachusetts Sen. Scott Brown said on Monday that he will support the financial regulation overhaul, becoming one of the Republicans needed to moved one of the Obama administration’s key pieces of legislation into law.
Brown had announced that he would oppose the compromise bill that had been negotiated by the House and Senate, but shifted his support after bargainers went back to the table and restructured about $19 billion in payments that was opposed by banks in Brown’s state. A final Senate vote could come this week.
“I appreciate the efforts to improve the bill, especially the removal of the $19-billion bank tax. As a result, it is a better bill than it was when this whole process started. While it isn’t perfect, I expect to support the bill when it comes up for a vote,” Brown said in a prepared statement.
GOP’s Scott Brown to vote for financial regulation overhaul | D.C. Now | Los Angeles Times