Tuesday and Wednesday the U.S. House is expected to debate the financial reform report passed out of a House and Senate Conference Committee last week. Once the House passes the legislation the Senate is expected to quickly act upon the bill. However, the Senate doesn't appear to have the 60 votes necessary for passage.
Even before the death of Senator Robert Byrd, D-W.V., it appeared Democrats were short of the 60 votes needed to take up the conference report. In addition it seems Senator Scott Brown, R-Mass., who supported the Senate version, is unhappy with the final version citing concerns about the addition of a tax on banks.
Senator Chuck Grassley, R-Iowa and Senators Olympia Snowe, R-Maine, and Susan Collins, R-Maine, were the other Republicans who supported the Senate-passed bill. But even if they support the final measure, that doesn't assure a 60 vote count. Democratic leaders are preparing for the likelihood of a Republican filibuster.