WASHINGTON — The regulatory reform debate once again devolved into partisan gridlock on Thursday as Republicans and Democrats clashed in public over how much power to give to a new consumer protection bureau and in private over how much time should be allotted to debate the legislation.

Though it was clear from the start that a Republican alternative on the consumer bureau was going to fail (it eventually was defeated 61 to 38), GOP lawmakers dragged out the debate rather than allowing the measure to be voted on and moving on to some of the roughly 140 other amendments still to be considered.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access