On Tuesday, the Senate defeated the anti-investor DeMint (R-SC) amendment to S. 761, the America Competes Act. The vote against the DeMint amendment to gut the Sarbanes-Oxley Corporate Reform Act was 62-35. (Yes, to table DeMint amendment, is the pro-investor vote.) Chairman Dodd (D-CT) and ranking Republican Richard Shelby (R-AL) of the Banking Committee led the fight against. Senator Shelby led a total of 14 Republicans against the wrong-headed proposal backed by the U.S. Chamber of Commerce. His leadership helped bring the Chamber to a crushing defeat, signaling that its well-heeled campaign to weaken investor rights is not gaining traction on the hill. Senator Landrieu (D-LA) was the only Democrat present who voted against. Our previous blog has details.