The Senate on Monday approved a nonbinding measure that aims to exempt automobile dealers from new consumer-protection provisions in a sweeping rewrite of financial regulations.
The resolution, which passed by a vote of 60 to 30, gives auto dealers a symbolic victory before lawmakers iron out differences between the House and Senate versions of the bill.
The House bill includes the carve-out for auto dealers, but the Senate bill does not. The resolution, however, improves the odds that the carve-out will stay in the final version of the bill which President Barack Obama would sign into law.
(Reporting by Andy Sullivan)