Senate Proceeding on May 19th, 2010 :: 0:03:15 to 0:06:30
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0:03:03 to 0:03:23( Edit History Discussion )

Harry Reid: of s. 3217, the wall street reform leglation. the cloture vote on the dodd-lincoln substitute amendment will occur at 2:00 p.m. the filing deadline for second-degree amendments is 1:00 p.m. today. votes may occur on amendments prior to the cloture vote if agreements can be reached. mr. president, we worked late

0:03:15 to 0:06:30( Edit History Discussion )
Speech By: Harry Reid

0:03:24 to 0:03:47( Edit History Discussion )

Harry Reid: last night trying to kind of take care of some of the final things on this legislation before cloture today. the reason we have an hour of morning business is to give senators a time to say whatever they want to say and also to give senators a time to look at proposed consent agreement that was arrived at last night with -- between the majority and

0:03:48 to 0:04:08( Edit History Discussion )

Harry Reid: the minority. we -- i would hope that senators would allow this agreement to go forward. i think if people look at what's in it, i think there is a series of amendments that will be accepted by the two managers of the bill.

0:04:09 to 0:04:30( Edit History Discussion )

Harry Reid: if someone doesn't like something in that consent, be sure and talk to the two managers. it would be good to get some of these matters out of the way. we had a number of senators who waited a long period of time to have their matters resolved. for example, senator harkin, last night we were able to arrive at a conclusion of an

0:04:31 to 0:04:51( Edit History Discussion )

Harry Reid: amendment that we felt was appropriate. it's an amendment that i support and others supported. i just think it wouldn't be, for lack after better word, fair to not let some of these amendments go forward. but senators have right to make whatever decision they feel is appropriate.

0:04:52 to 0:05:12( Edit History Discussion )

Harry Reid: i -- as far as the cloture vote, i don't think anyone can criticize our having taken time on this legislation. there are a number of amendments that the proponents of those amendments worked to perfect the language and it took a while for them to do that. there comes a time, however, mr.

0:05:13 to 0:05:33( Edit History Discussion )

Harry Reid: president, when we have to put this thing to rest much we've been on this bill for a month. as of tomorrow, it will be one month. we have another step that we have to go through, and that's conference. people have all kinds of opportunities there to make whatev decisions they think is appropriate to have this bill better.

0:05:34 to 0:05:55( Edit History Discussion )

Harry Reid: it gives both sides all the adequate protection that they want when the bill comes back in its conference form. so i would hope that we can move forward on this. we have a few hours before cloture. i would hope cloture would be invoked. if it isn't, we'll continue working until we finish this legislation.

0:05:56 to 0:06:16( Edit History Discussion )

Harry Reid: as iold everyone, i say again we've got to finish this legislation, wall street reform. we have to do the supplemental, and i would really like to get the supplemental started tomorrow and then we have the extenders that we have to do. we have parts of that extenders bill, mr. president,hat are essential to the economic

0:06:17 to 0:06:30( Edit History Discussion )

Harry Reid: recovery there are many things that are important in that, but one is the tax credit for research and development that businesses absolutely need that and the uncertainty of it is really hurting the overall economy. so we have to do those things