[Iran Press TV Latest] US House Speaker Nancy Pelosi has said that the Senate may pass legislation to "rein in" Wall Street in order to counter those "reckless" in the market.
"Never again should those who are reckless on Wall Street cause people to be jobless on Main Street, and this is going to be our fight as we go forward," the Democratic leader told reporters at her weekly press conference.
The House of Representatives approved its version of the bill last year, so Senate passage would trigger bicameral talks aimed at crafting a compromise measure, to be approved by both chambers before it could go to Obama for final approval.
A Democratic financial regulatory reform bill has already passed out of the Senate Banking Committee by Democrats without Republican support in a 13 to 10 vote, paving the way for a full Senate debate.
The legislation would introduce numerous Wall Street reforms, creating a potentially powerful consumer financial protection agency, placing checks on executive bonuses and curbing risky investments. |