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The Senate bill passed on May 20 without the Merkley-Levin amendment. Your calls worked -- we built enough support to pass the amendment! But in the last two days before the bill passed, Republicans blocked a vote on it twice. We never even got a vote!
But your calls still helped shape the bill. You prevented any weakening of the current language, which was a real danger on the Senate floor. The current language gives regulators authority to write rules that would bar the same risky trading targeted by the Merkley-Levin amendment (the amendment would have made the rule mandatory rather than just giving regulators discretion). Thanks again, and you should be proud! |