Washington (CNNMoney.com) - The Senate is expected to vote Thursday morning to finish up Wall Street reform - overcoming a last 60-vote procedural hurdle that, once cleared, assures safe passage to President Obama's desk next week.
The bill aims to strengthen consumer protection, shine a light on complex financial products and establish a new process for shutting down giant financial firms in trouble.
The procedural vote is critical because of its high threshold. To secure 60 votes, Senate Democrats made lots of deals, which watered down the bill. For example, Wall Street banks will get wiggle room to make limited risky bets, which is tougher than the current law but weaker than earlier drafts.