Sen. Maria Cantwell announced late Thursday that she intends to support regulatory reform, giving a boost to the bill's prospects in the Senate, which plans to take up the legislation later this month when Congress returns from a Fourth of July recess.

The Washington Democrat's support comes at a critical time for the bill. The Senate had originally been expected to take it up this week, but votes for the legislation were thrown in doubt over Republicans' objections to a budget offsetting mechanism and the death of Sen. Robert Byrd, D-W.VA.

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