U.S. Sen. Bob Corker, R-Tenn., expressed disappointment Thursday that he and Banking Committee Chairman Chris Dodd, D-Conn., have failed to agree on a financial regulatory reform bill.

Corker, a member of the Senate Banking Committee, said in a prepared statement, "For the past month Chairman Dodd and I have worked together, along with our colleagues, to craft a bipartisan financial regulatory reform bill.

"I believe the past month has been very constructive. Many members of the committee, from both sides of the aisle, have made their imprints on the legislation, and the bill Chairman Dodd will introduce on Monday will be closer to a consensus package because of our efforts."

Neverthless, Corker said, "Despite the work of the past several weeks, the bill that will be introduced on Monday will unfortunately not be done so in a bipartisan way.

"Sadly, I fear that in order to pass their health care bill, this (Obama) administration is willing to crowd out every other important issue our country faces and the financial regulatory reform bill may be the latest casualty."

Corker's statement continued, "My efforts over the past month have been about producing a good bill and that is still my goal.

"I believe our country needs a bipartisan bill that will provide certainty to the financial industry, create jobs and make our economic system more secure, so I will continue working with Chairman Dodd and other members of the committee in hopes that what comes out of the committee will be a strong bipartisan package that can receive broad support from the full Senate," Corker said.

He added, "This is really a jobs bill. The longer there is uncertainty in the financial community about what comes next, the longer it will take to remove one of the impediments to restarting growth in our economy."

Corker continued, "Our capital markets from Wall Street to Main Street need certainty and should not have to calculate Washington rhetoric into their business decisions.

"And we must create a resolution regime that ends the idea of 'too big to fail' so the American people can have peace of mind that the federal government is not going to use taxpayer monies to bail out a company in the future."

Corker joined the Banking Committee in January 2008. Last month, Corker agreed to work with Chairman Dodd toward a bipartisan regulatory reform bill.

In November 2009, at a committee mark-up session of Dodd's regulatory reform proposal, Corker urged the chairman to put his bill aside and pursue bipartisan negotiations.

Dodd agreed, and tasked bipartisan teams with four different aspects of regulatory reform. Corker then worked with Chairman Dodd toward a bipartisan regulatory reform bill.

In a conference-call interview Thursday afternoon with Tennessee reporters, Corker said he and Sen. Dodd, with their staffs, had met daily for a month trying to reach agreement on the proposed legislation.

The Tennessee senator said he was "very disappointed" they didn't reach agreement.

He said Dodd was under pressure from liberal Democrats to draft legislation to provide regulatory controls, the absence of which was a major factor in the financial crisis on Wall Street and the resulting national recession.

He said the pending legislation would affect "$600 trillion" in investment, adding, "We need to get it right."

Asked if he would support the bill Sen. Dodd will introduce Monday, Corker said he couldn't say until he sees the bill's specifics.

However, Corker added that his would be "the 60th vote" for Dodd's bill, "if it's the right bill."