WASHINGTON, Feb. 5 (UPI) -- Sen. Chris Dodd, D-Conn. said Friday he has asked his staff to draw up a bank reform bill since attempts to compromise with a key Republican have stalled.
Dodd, chairman of the Senate Banking Committee, and Sen. Richard Shelby, R-Ala., have been negotiating for months over a bipartisan bill, The Wall Street Journal reported. Their apparent failure to achieve a compromise could leave the Democrats trying to pass legislation with Republicans having enough votes for a filibuster.