US Senate begins procedural vote on Wall St reform

WASHINGTON, July 15 (BestGrowthStock) – The U.S. Senate began
voting on Thursday on a key procedural test for the most
sweeping overhaul of Wall Street regulation in decades.

If at least 60 votes are cast to close off further debate
on the massive bill, it could then move on toward another vote
on final passage, possibly later in the day.

The 2,300-page bill would slap tough new rules on the
banking industry (Read more about the banking industry recovery.), set up a new government process for
dismantling troubled financial firms, and create a government
consumer watchdog to regulate mortgages and credit cards.
(Reporting by Andy Sullivan and Kevin Drawbaugh, Editing by
Chizu Nomiyama)

US Senate begins procedural vote on Wall St reform