Durbin, Dem colleagues at odds over House bill to ease corporate regulations

Townhall.com Staff

3/20/2012 9:23:00 AM - Townhall.com Staff

Sen. Dick Durbin is fighting his top Democratic colleagues, Majority Leader Harry Reid and Sen. Charles Schumer, who want to move a bill easing regulation of Wall Street.

Despite mounting election pressures, Durbin (D-Ill.) is digging in his heels against giving new companies a five-year exemption from accounting and corporate governance rules.

Durbin has been outspoken in his opposition to House-passed jobs legislation, which consumer advocates and labor unions argue has very little to do with creating jobs and is more geared to deregulating Wall Street.