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ARTICLE · 16 JULY 2013

Cordray Cleared For Appointment Vote

Waller Lansden Dortch & Davis
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Minutes before a scheduled vote on Richard Cordray’s appointment as the Director of the CFPB that many thought would lead to Harry Reid invoking the so-called "nuclear option" of a change to Senate filibuster rules, Senator Reid announced a deal that inches the Upper Chamber back from the brink and clears the way for an up or down vote on Mr. Cordray’s appointment.

United StatesFinance and Banking
Christopher Driskill
Christopher Driskill

Minutes before a scheduled vote on Richard Cordray's appointment as the Director of the CFPB that many thought would lead to Harry Reid invoking the so-called "nuclear option" of a change to Senate filibuster rules, Senator Reid announced a deal that inches the Upper Chamber back from the brink and clears the way for an up or down vote on Mr. Cordray's appointment.

This morning the Senate voted 71 to 29 to end a Republican filibuster and allow a vote on Mr. Cordray's appointment. Mr. Reid stated that the deal struck this morning would also allow for confirmation votes on six additional executive appointees, provided that President Obama drops the nominations of Richard Griffin and Sharon Block to the National Labor Relations Board and picks replacement nominees.

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