Despite the severity of the problem and Harry Reid's apparent determination to fix it, the negotiated package of reforms is pretty tepid. Nevertheless, months of debate about Senate dysfunction and passionate grassroots involvement on the issue did achieve some progress.
With President Obama insisting that preventing gun violence will be a second-term policy priority, and Harry Reid not facing re-election until 2016, perhaps the senator will now be willing to stand up to the NRA? The clock is ticking.
Although the bills making up the JOBS Act are typically described as "non-controversial," they have been severely criticized by leading securities law experts and are opposed by investor advocates and unions, among others.