Senate Republicans are expected to clear the way for consideration of a stalled Democratic bill to tighten regulation of Wall Street, a Republican official said on Wednesday.

The official said Senate Republicans are to meet at 4:30 p.m. EDT to discuss their next move. The official said they would also get a briefing on what their leadership called assurances by Democratic Senator Christopher Dodd to end taxpayer bailouts and the dangerous notion that certain financial institutions are too big to fail.

(Reporting by Thomas Ferraro, editing Dan Grebler)