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.