Democrats fend off effort to kill consumer agency [View All]

[SpartanDem]

Source: AP

WASHINGTON — House Democrats headed into the final stretch on a long-awaited Wall Street regulation bill Friday after fending off an effort to kill a proposed consumer agency that is a central feature of the legislation.

The sweeping regulatory overhaul aims to address the myriad conditions that led to last year's financial crisis.

Test votes during two days of debate indicate that Democratic support for the underlying legislation will hold in final passage.

Before the final vote Friday, House members rejected by a vote 223-208 an amendment that would have killed a proposed Consumer Financial Protection Agency. The agency would consolidate consumer lending regulations and enforcement that is now split among several banking regulators.



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The roll call results

http://clerk.house.gov/evs/2009/roll965.xml#Y