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U.S. Senate votes to proceed with confirmation vote on SEC nominee

By Sarah N. Lynch

WASHINGTON, May 1 (Reuters) - The U.S. Senate took a procedural vote on Monday to clear the way for confirming Jay Clayton as the next head of the Securities and Exchange Commission.

In a 60-36 vote, the Republican-led Senate voted to end debate on Clayton, with some Democrats joining Republicans in support.

A final confirmation vote is expected later this week, and the Senate may take up to 30 hours to debate his confirmation prior to the vote. (Reporting by Sarah N. Lynch; Editing by Peter Cooney)