Update--Sanders amendment passes unanimously: Sanders amendment just passed 96-0.
Wall Street reform is one of the many issues that has slipped under the radar in the wake of the Kagan nomination. However, it is moving forward apace, as the Senate resumes work work it this morning. Here are some updates:
Merkley-Levin amendment whip count Public Citizen is conducting a public whip count on the Merkley-Levin amendment that "would stop banks from engaging in Goldman-Sachs-style bets against their own clients." To help out, click here, and take action.
Decision on whether to file cloture on the overall bill to come today There is a Democratic Senate caucus meeting today. At that meeting, Democrats will decide whether to file cloture on the overall bill. If they decide yes, the final vote will come as early as Thursday. The decision will be based on whether Democratic Senators feel they have had enough time to debate the bill and offer amendments.
Process speculation. Currently, it is expected that Monday will be the latest date for the final vote on the overall bill. Also, there might be all-night debates on amendments on Wednesday and / or Thursday, depending on when cloture is filed. There will also probably be a conference committee with the House after the bill passes the Senate, starting less than a week after passage. Democrats are still targeting Memorial Day for the bill to be signed into law.