Apropos of nothing, I was looking up the process by which we passed the Commodity Futures Modernization Act of 2000. That'd be the one that prohibited the government from regulating the Credit Default Swaps that encouraged big investors to take massive risks. These were the financial products that brought down A.I.G, and damn near everything else..
Anyway - Phil Gramm gets most of the blame for this little slice of legislation, but I remember reading how this was a bipartisan bill.
So, I'm looking it up and find the
House Roll Call, noting that my very progressive representative voted for it, but the Senate passed it by unanimous consent - meaning that there was no recorded roll.
Huge spending bill, including provisions that would nearly destroy our economy - no record of who was for and against. Interestingly enough, the agreement to pass the bill by unanimous consent was constructed such that objections after the agreement did not invalidate unanimous consent.
Of the two senators who spoke up - one was the late Senator from Minnesota,
Paul Wellstone:
Mr. WELLSTONE. Mr. President I want to voice my strong objection to
the process by which this legislation is being passed by the Senate.
The Omnibus Appropriations conference report--containing numerous other
pieces of unrelated legislation--is being passed by the Senate tonight
under a consent agreement that was entered suddenly by the Majority
Leader without the normal notification process. We should have had a
recorded vote. Since I first came to the Senate 9 years ago I have felt
that it does the Senate no credit to pass such significant budgetary
legislation--literally hundreds of billions of dollars--without a
recorded vote. We cannot be held accountable as Senators to our
constituents when such bills are passed in this manner. I want to make
it clear; I oppose this legislation and I would like the Record to show
that I would have voted no had there been a recorded vote.
Now, I won't presume that Sen. Wellstone foresaw any looming financial cataclysm, but his point here is well made. The Senate used procedure to obscure who supported a piece of legislation that they were passing. I'm sure this continues in many forms, but I think Sen. Wellstone's position is only amplified by that fact.
You pass a bill, your name should be recorded.