Published: May 21, 2010 12:26 PM EDT
Updated: May 21, 2010 12:26 PM EDT

   WASHINGTON (AP) - The House and Senate must now get to work
reconciling different versions of the financial overhaul bill.
      The measure passed by the Senate yesterday gets tougher on both
borrowers and lenders It also shines more light on complex but
hidden financial instruments, the "derivatives" that made
long-odds bets on whether Americans could make payments on
mortgages they never should have qualified for.
      A key House negotiator is predicting the bill will be on
President Barack Obama's desk by the Fourth of July.
      It would enact the most sweeping changes in the rules governing
big banks since the Great Depression.
      Four Republicans broke ranks. Sens. Charles Grassley of Iowa,
Scott Brown of Massachusetts, and Olympia Snowe and Susan Collins
of Maine voted in support of the measure.
      The legislation aims to prevent a recurrence of the
near-meltdown of big Wall Street investment banks and the resulting
costly bailouts.