The financial reform debate continues to unfold in the Senate. As Justin mentioned, you can follow the daily developments before the final votes occurs as reported ably by Tim Fernholz and Brian Beutler.
While Majority Leader Reid wants to move things along, a vote scheduled for this afternoon to end the debate has been pushed back. This will allow more time for a number of outstanding issues to be addressed and allow Senators to get votes on their proposed amendments. These include the Merkley-Levin amendment which would impose a version of the Volcker rule to restrict proprietary trading by firms also operating as banks, the Cantwell-McCain amendment to bring back Glass-Steagall rules to segregate consumer and investment banking services, and the Dorgan amendment to restrict credit default swaps for purely speculative purposes. And there are more. In other words, there are still many policy issues to consider and political hurdles to surmount before this bill becomes a law.
But, for what it's worth, I believe it will become a law.