BRAND: How likely will this be passed in Congress? Its part of a bigger financial bill that is currently stalled in the Senate. So, how likely is it that it'll get through?
Mr. IP: Right now I'd have to say that the odds are pretty low. What we saw as a consequence of the loss of the 60th democratic vote in the Massachusetts election is that any proposal by the administration that doesnt have bipartisan support is going to have a hard time getting through the Senate this year. And Republicans have already raised significant misgivings about a lot of parts of the presidents existing regulatory proposals. In particular, his plan to create a new consumer financial protection agency by adding in yet another proposal, it doesnt make it easier to get that thing past a Senate. NPR
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