July 1, 2010 - The House recently approved the Conference Report to HR 4173, a sweeping change to regulations over the financial services industry. In a mostly party line vote, the 192 no-voters received on average 41% more in contributions from big banks than the 237 members voting in favor of passage. Three Republicans joined Democrats in favor of passage while 19 Democrats sided with Republicans against passage.
- Representatives Voting 'No' took in an average of $20,995
- Representatives Voting 'Yes' took in an average of $14,857
Many industries are looking to carve out exemptions for their businesses or see certain provisions removed all together. See our previous post for list of industries that split their support and opposition.
See the break downs by vote and party at MAPLight.org.