Senate Republicans try to revamp consumer protection proposal:

05/6/2010 | National Public Radio

Senate Republicans offered an alternative plan to President Barack Obama's consumer protection proposal in regulatory reform legislation. The GOP version follows a 93-5 Senate vote to eliminate a proposal to create a $50 billion fund that would have been used to bail out big financial institutions if they failed. The Republican plan would limit the powers of a proposed Consumer Financial Protection Agency. The entity has been one of the biggest sources of contention in the regulatory reform debate.

View Full Article in:

National Public Radio

Published in Brief: