Sen. Dodd enjoying his last big hurrah in Washington

Sen. Dodd enjoying his last big hurrah in WashingtonHe was enjoying what maybe his last big hurrah in Washington, as the financial reform bill nears a vote, Sen. Christopher Dodd, D-Conn., has said.

It has been reported that Dodd, the chairman of the Senate Banking Committee, worked with the White House and Treasury Department to assemble a complex 1,400-page bill that attempts to begin regulation of hedge funds, curb risk-taking at big banks, devise a procedure to unwind companies deemed too-big-to-fail and create a consumer financial product protection agency, all in the middle of a mid-term election year.

The Hill reported on Monday that the bill may be headed for a vote Wednesday and looks likely to pass.

He finds the bill a litmus test on how the Senate operates, Dodd, who announced four months ago he would not seek re-election for a sixth term, said.

Dodd further said, "Even in this poisonous political environment, maybe the most poisonous one we've been in for a long time, I was determined to prove you could take a complex piece of legislation, highly controversial, and members could be heard and you could debate issues."

He further said, "While history may talk about Wall Street reform, I'm going to feel as good watching the Senate function as I will about the product it produced." (With inputs from Agencies)