User login

S. 3637

Bankers TAG Bill Dies in U.S. Senate

Bankers TAG Bill Dies in U.S. Senate

In a major setback for the bank lobby,  S. 3637, the banks’ Transaction Account Guarantee Program (TAG) bill, has died in the U.S. Senate.  By a vote of 50-42 on December 13, Senators voted against an effort to waive a Budget Point of Order for TAG.  A vote of 60 was needed to overcome the point of order and take a vote on the bill itself. Missouri’s U.S. Senators split on the issue, with U.S. Sen. Claire McCaskill (D) voting in support and  U.S. Sen. Roy Blunt (R) voting against.  

Posted By Amy McLard read more
Subscribe to RSS - S. 3637