guardian.co.uk,
Friday 21 May 2010 16.30 BST
The Senate last night passed a comprehensive financial reform bill by a vote of 59 to 39 after weeks of amendments and a series of cloture votes failed to derail the measure.
Passage of S.3127, the Restoring American Financial Stability Act of 2010, represents a clear victory for Barack Obama, who made this his next big legislative priority after healthcare. Obama hailed the bill's passage, noting "The recession we're emerging from was primarily caused by a lack of responsibility and accountability from Wall Street to Washington."
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