The U.S. Senate is moving quickly on a financial regulation bill; Senate Majority Leader Harry Reid, D-Nev., filed cloture on the bill to reform Wall Street, meaning the bill will come up for a procedural vote Monday.
That vote would need 60 votes to proceed to a vote on the actual bill.
Some Republicans have tried to frame the bill as not doing much to actually reform Wall Street and would actually just ensure future bailouts.
A statement by Minority Leader Mitch McConnell, R-Ky., saying that the bill “will lead to endless taxpayer bailouts of Wall Street banks” was ruled false by Politifact.
A statement by Reid saying that the bill “will end taxpayer bailouts” was ruled barely true by Politifact.
A recent poll by Gallup Polling found that a plurality of Americans support banking reform while a higher percentage approve of it when it is referred to as Wall Street reform.