Health care's done. Members of Congress are home, or will be soon, and will spend the next two weeks talking to their constituents about the monumental law they just passed. But when Democrats return to Washington they'll have to balance their health care sales job with a completely different, and long-brewing initiative: financial regulatory reform. And despite the complete absence of Republican support, they are confidently predicting success.
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Though overshadowed in the media by the twists and turns of the health care saga, the Democrats' efforts to rein in financial industry excess and address the problem of too-big-to-fail institutions have already come a long way. Last year the House passed the Wall Street Reform and Consumer Protection Act, with zero Republican votes. Last week the Senate Banking Committee advanced its bill on a perfectly party-line vote. And now, with health care behind them, Dems are ready to pivot to that legislation, and are even daring Republicans to obstruct and oppose the initiative.