Senate Banking Committee Chairman Chris Dodd announced today that he is unable to reach a deal with Sen. Bob Corker and plans to introduce a bill next week on his own with the goal of pushing it through the committee along party lines if necessary before the Easter recess.

The Connecticut Democrat has been negotiating with Corker, a Tennessee Republican, for more than a month to try and craft a bipartisan compromise on regulatory reform and the two have said for weeks that they are close to a deal, with Corker saying Wednesday that a revised bill was "imminent."

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.