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Financial Reform Bill Appears Likely

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A sweeping regulatory overhaul of the financial industry gained momentum Tuesday as Sen. Richard Shelby, the ranking Republican on the Senate Banking Committee, rejoined bi-partisan negotiations on the bill, CNBC has learned. Senate Banking Chairman Christopher Dodd (D-Conn.) is already negotiating details of the proposal with Republican Sen. Bob Corker. The two have just returned from a recess trip to Central America where they continued discussions over the plan.

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