The financial reform bill is likely to be changed significantly when Congress returns next year. Republicans are expected to gain seats in the House and Senate and could gain control of both chambers. Republicans will need 51 Senators to have control of the Senate because Vice President Biden would have the deciding vote in a 50-50 tie. Currently, Republicans are within striking distance of having 53 Senators in the next session. Senator Shelby has made indications that several changes to Dodd-Frank will occur if the Republicans take control of the Senate. Republicans could also cut off spending to prevent portions of the bill from being implemented.
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James Sutliff