Tags: dodd | financial reform

Dodd Eyes Funding Changes for Financial Reform Bill

Tuesday, 29 Jun 2010 01:57 PM


Senator Christopher Dodd is considering a proposal to change the funding of the financial reform bill to a funding source that would raise the Federal Deposit Insurance Corp premium ratio to 1.35 from 1.15, according to a memo being circulated on Tuesday.

Dodd, the chief architect of financial reform in the Senate, is circulating the possible offer as an alternative to a $19 billion tax on financial firms -- a proposal that has threatened its final passage.

© 2015 Thomson/Reuters. All rights reserved.

Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.

You May Also Like
Around the Web
Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

© Newsmax Media, Inc.
All Rights Reserved