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(Pairs of treaties require two Senators bracketed against one, because of the two-thirds vote requirement for ratification).
After long negotiations, a compromise lowered to 60 the cloture vote requirement on legislation and nominations.
The biggest amendment was no doubt to clear the way for a majority vote requirement for Apple's directors.
This enabled the party to exceed the 10 per cent of the vote requirement to win representation in parliament and robbed Mr Erdogan and the AKP of their majority for the first time in 13 years.
With the elimination of this bias, activists will more easily be able to elect directors, particularly at the growing number of companies that have adopted a majority vote requirement for the election of directors.
So you see, what we have here is a very clever move by the Anchorage Capital Group to get around the terms of the bond indenture, which contains a two-thirds vote requirement on instructing the trustee to do anything with the collateral after default, and the typical "no action" clause that prohibits any individual noteholder from taking independent action.
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Rather than allow a single senator to raise an objection that triggered a 60-vote requirement, their plan would require 10 signatures to start a filibuster and would then force an increasingly large group of members to speak continuously on the floor to keep it going.
"Within the general partner regulations, it would require an 80 percent vote to change the 80 percent voting requirement".
Harkin leads the majoritarians, who would replace the sixty-vote requirement with a fifty-one-vote requirement, while still trying to protect the minority's right to force debate.
So we've essentially made it a sixty-vote requirement for confirmation.
As a result, the sixty-vote requirement led to gridlock, not to governance.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com