Sen. Scott Brown (R-MA) threatening to obstruct Wall Street Reform

[Ian David]

WASHINGTON -- Republican Senator Scott Brown, whose backing is seen as crucial to passage of an overhaul of Wall Street rules, withheld his support of the latest bill today, saying he was upset about the last-minute addition of $19 billion in new taxes on big banks.

While not expressing opposition, Brown’s cool response could complicate efforts to pass the biggest change to the nation’s financial laws since the Great Depression.

Brown’s vote was crucial to Democrats’ ability to win passage of an earlier version of the bill in the Senate. A number of changes have been made in the legislation to win his support.

But Brown objected today to the addition of $19 billion in fees on banks, which pay the expenses of greater oversight duties by a variety of federal agencies for 10 years. The fees would be levied over five years. The fees were added by House-Senate Conference Committee members, led by Representative Barney Frank, during an all-night session Thursday and Friday.

More:
http://www.boston.com/news/politics/politicalintelligence/2010/06/browns_backing.html?camp=localsearch:on:twit:hp


Contact Senator Brown
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http://www.scottbrown.com/Contact%20Senator%20Brown.htm


317 Russell Senate Office Building,
District of Columbia 20510-2101
Phone: [phone]
Fax: [phone]

Boston Office: (more district offices) 2400 John F. Kennedy Federal Building
Boston, Massachusetts 02203
Phone: [phone]
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More:
http://congress.org/congressorg/bio/id/5485

[bluestateguy]

1. I thought they had the two girls from Maine the last time around

I was not aware that this was hinging on one vote; I thought the last version had a few votes to spare.

[polmaven]

2. Excuse me, but

the Senators from Maine are WOMEN....not girls.