nbc's steve handelsman has more. >> conference report is agreed to. >> reporter: it was 60-39. financial reform passed the senate on a mostly party line vote. democrats broke a republican filibuster. >> and thank you. thank you, american people. finally! >> reporter: president obama hopes voters applaud. >> in short, wall street reform will bring greater security to folks on main street. >> reporter: to protect consumers, the so-called finreg bill sets up two new agencies and tougher rules, to regulate banking and crack down on risky investing after wall street's near meltdown of 2007. >> to fix this system so this does not happen again. >> reporter: republicans were passionately opposed. >> this is precisely the kind of thing americans are tired of, a government simply out of control. >> reporter: democrats say their finreg bill blocks the way back to the scary days of '07. i'm nbc's steve handelsman, capitol hill. >>> and now here's a look at some other stories making news early today in america. in new york, newly released video shows a routine traffic stop can turn deadly.