Reid Pulls JOBS Act Bill After Amendments Fail

By: David Dayen Tuesday March 20, 2012 3:48 pm

The Senate plan for the JOBS Act today, a financial deregulation bill that would weaken investor protections with no economic benefit, was for three cloture votes – an amendment to add investor protections to the bill, an amendment to attach a reauthorization of the Export-Import Bank to the bill, and, if those failed, a cloture [...]

Senate Passes Transportation Bill

By: David Dayen Wednesday March 14, 2012 12:55 pm

The Senate completed work on a two-year surface transportation bill, which costs $109 billion and will provide clarity to local infrastructure projects. Senator Harry Reid of Nevada, the majority leader, extolled the measure, passed on a bipartisan vote of 74 to 22, as “a jobs bill in the true sense of the word.” “I hope [...]

Reid, McConnell Make Deal on Judicial Confirmations, JOBS Act

By: David Dayen Wednesday March 14, 2012 10:17 am

It looks like Mitch McConnell and Senate Republicans have backed down on their obstruction of judicial confirmations. But it’s a little unclear at the moment. What we know is that McConnell and Harry Reid reached a deal that will allow the judges to get a vote. However, the JOBS Act, the financial market IPO deregulation [...]

Reid Stalls JOBS Act Until Judicial Nominees Confirmed

By: David Dayen Tuesday March 13, 2012 1:18 pm

Through some parliamentary maneuvering, Senate Majority Leader Harry Reid escalated his fight over judicial nominations today. The short version of this is: The House passed something they called the JOBS Act, with broad bipartisan support, which is actually a financial industry deregulation bill opposed by government watchdogs like Americans for Financial Reform. The full story [...]

Senate Beats Back Amendments on Surface Transportation Bill; House to Take Up Senate Version

By: David Dayen Friday March 9, 2012 7:35 am

The Senate defeated several Republican amendments to the transportation bill yesterday, but the major ones all lost votes on the Democratic side. In fact, two got majority votes in the Senate, though they needed to cross a 60-vote threshold. The amendment to kill the EPA’s rule on limiting toxic emissions from industrial boilers failed 52-46; [...]

Senators Stake Out Positions for Blunt Amendment Vote Tomorrow

By: David Dayen Wednesday February 29, 2012 2:16 pm

Harry Reid has scheduled a vote on the Blunt amendment, which would allow employers to refuse insurance mandates on virtually any medical service simply by stating a moral objection to the practice, for tomorrow. Reid actually introduced the amendment himself when the Republicans wouldn’t: “We’re having our usual productive time in the Senate. Monday, no [...]

Senate Ready to Give Up, Pass House Version of STOCK Act

By: David Dayen Tuesday February 28, 2012 9:35 am

Both the House and Senate have passed versions of the STOCK Act, which would ban insider trading in Congress and accomplish a number of other ethics reforms, with large majorities. The Senate version includes a measure on “political intelligence,” forcing the network of people who hang around Congress and find out tidbits of information that [...]

Reid Will Allow Vote on Blunt Amendment, Extending Birth Control Access Debate

By: David Dayen Wednesday February 15, 2012 6:54 am

Happy to allow a debate on birth control in 2012, Senate Majority Leader Harry Reid will give Republicans a vote on an amendment to the surface transportation bill authored by Sen. Roy Blunt (R-MO), known as the “Freedom of Conscience” amendment. The amendment, sponsored by Sen. Roy Blunt (R-Mo.), would let employers opt out of [...]

With Obama Endorsement, Insider Trading Ban for Congress Likely

By: David Dayen Thursday January 26, 2012 8:55 am

One part of the State of the Union I forgot to mention is that the President formally backed legislation that wold ban insider trading among members of Congress. If the Administration has been serious about anything related to financial fraud, it has been insider trading, where they have engaged in multiple criminal prosecutions. And the [...]

PIPA Dead in its Current Form UPDATE: Postponed

By: David Dayen Friday January 20, 2012 6:23 am

PIPA will not survive next week. The latest whip count from Open Congress shows 45 Senators now opposed to the legislation, with 41 of those on the record in the media. That would be enough to stop the bill on the floor. Moreover, Mitch McConnell has asked Harry Reid to postpone the legislation, a pretty [...]

Marco Rubio, Former PIPA Co-Sponsor, Comes Out Against the Bill

By: David Dayen Wednesday January 18, 2012 10:20 am

The series of anti-SOPA activism going on today has already claimed an early victory. Marco Rubio, the Florida Senator and Tea Party favorite, dropped his support after being a co-sponsor of the bill. Home to the Disney World and Universal Studios theme parks, Rubio’s Florida may be the most Hollywood-centric state outside California, and Rubio [...]

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