Washington (CNNMoney.com) – Wall Street reform cleared a crucial test vote on Thursday, all but assuring final Senate passage of the most sweeping regulatory overhaul since the New Deal.
The Senate voted 60 to 40 to meet the threshold to overcome filibusters and send the measure to a final vote within days. Three Republicans voted for it, and two Democrats voted against it.
The legislation aims to stop bailouts, shines a light on complex financial products and strengthens consumer protection, to a final vote.
Final passage, which will require only 51 votes, is likely to come within days.
"We've made great progress ... it's been hard to get to this point," said Senate Majority Leader Harry Reid. "It's been a good debate. It's been the way the Senate should operate more often than it has."