Bankruptcy Out of Senate Housing Bill

The controversial bankruptcy provisions appear to be out of the Senate housing bill, The Hill's J. Taylor Rushing reports.

Debate over bankruptcy measures had stalled talks on the issue for weeks, as Rushing reported in Wednesday's paper. Senate sources say that the issue will get an up-or-down vote as an amendment. The base bill will emerge on the chamber floor later this afternoon, they said. Majority Leader Harry ReidHarry ReidThe missed opportunity of JASTA States urged to bolster election security How the White House got rolled on the Saudi-9/11 bill MORE (D-Nev.) plans to announce the bill's details at 5 p.m.


It's expected to be heavy on tax credits, like the $15,000, three-year credit proposed by Sen. Johnny IsaksonJohnny IsaksonGrassley pulling away from Dem challenger Fifteen years since pivotal executive order, STORM Act could help fight terror finance GOP pressures Kerry on Russia's use of Iranian airbase MORE (R- Ga.), though the credit's exact amount will be revised. Majority Whip Dick DurbinDick DurbinRetailers have jumped the shark Dems gain upper hand on budget McConnell: Senate could drop flood money from spending bill MORE (D-Ill.) had been pushing for the bankruptcy provisions.


A final vote isn't expected until mid-next week.