photo credit: Allen Garvin

Senator Robert Carlyle Byrd, the 92 year old Democrat Senator from West Virginia, died Monday, 3:00 A.M. at Inova Hospital in Fairfax, VA. Sometimes referred to as "this generations conscience of the Senate," he was known for his devotion to our system of constitutional checks and balances. Sen. Byrd also held two records of being the longest serving member in Congress and for the Senator to cast the most congressional votes than any other Senator.  Now, the death of Senator Byrd puts financial reform bill at risk.

Being a proponent of the financial reform, his death may delay it from passing and possibly even kill financial reform. Joe Manchin, the Governor of West Virginia, Senator Byrds possible replacement, is a pro business Conservative Democrat and may not back the financial reform bill as it currently stands with the tax increases. If Governor Manchin is instated as Sen. Byrds replacement and does not approve of the bill, the Democrats would not have the sixty votes needed to pass the legislation.

Watch the full video with Rick Santorum, former Republican Senator from Pennsylvania, as he discusses the potential fall out of the financial reform bill and the issues surrounding it.

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Posted in Industry Events, Press Room, Movers and Shakers, MBI Headlines

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