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Scott Brown to vote 'yes' on financial reform


Massachusetts Sen. Scott Brown (R) now says he'll vote for the final Wall Street reform legislation -- after changes were made to the conference report. This pretty much guarantees the legislation will clear the Senate and will be signed into law by President Obama.

Brown's statement:

I've spent the past week reviewing the Wall Street reform bill. I appreciate the efforts to improve the bill, especially the removal of the $19 billion bank tax. As a result, it is a better bill than it was when this whole process started. While it isn't perfect, I expect to support the bill when it comes up for a vote. It includes safeguards to help prevent another financial meltdown, ensures that consumers are protected, and it is paid for without new taxes. That doesn't mean our work is done. Further reforms are still needed to address the government's role in the financial crisis, including significant changes to the way Fannie Mae and Freddie Mac operate."