The Senate voted 97 to 1 in favor of consumer bankruptcy reform legislation Wednesday, but the resounding tally belies the difficult challenge lawmakers face reconciling vastly different versions of the bill before adjourning next month.

Sen. Charles E. Grassley, the chief sponsor of the bill, told reporters after the vote the odds are "very realistic" that the House and Senate can reach a compromise that President Clinton will support.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.