U.S. Senator Maria Cantwell, who previously voted against a proposed U.S. regulatory overhaul, plans to back the legislation, bringing Democrats closer to the 60 votes needed for it to pass, her spokesman said.
Cantwell, who opposed an earlier Senate bill because she said it didn’t provide strong enough derivatives regulation, was among four senators who remained uncommitted on a bill negotiated last week. Her spokesman, John Diamond, disclosed her intention in an e-mail today.
Senators Scott Brown of Massachusetts and Olympia Snowe of Maine, both Republicans, have said they are still reviewing the bill. Senator Charles Grassley, an Iowa Republican who voted for the initial Senate bill, hasn’t commented on how he will vote.