The Senate is expected to vote on a final version of the financial reform bill on Thursday after appearing to win enough votes to overcome a Republican filibuster. On Tuesday, Democratic Senator Ben Nelson of Nebraska announced he’ll support the bill, one day after Republicans Olympia Snowe of Maine and Scott Brown of Massachusetts announced they’d vote with the Democratic majority. President Obama welcomed the news at the White House.

President Obama: “What members of both parties realize is that we can’t allow a financial crisis like this one that we just went through to happen again. This reform will prevent that from happening. It will prevent a financial crisis like this from happening again, by protecting consumers against the unfair practices of credit card companies and mortgage lenders. It will ensure that taxpayers are never again on the hook for Wall Street’s mistakes. And it will end an era of irresponsibility that led to the loss of eight million jobs and trillions of dollars of wealth.”