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 ReidNevada's Heck won't say who he's backing for president GOP groups ride to rescue in 3 key Senate races Obama seeks down-ballot gains after being midterm loser 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 IsaksonIs Georgia turning blue? GOP senators avoid Trump questions on rigged election Dems seek cash to expand Senate map MORE (R- Ga.), though the credit's exact amount will be revised. Majority Whip Dick DurbinDick DurbinGreat Lakes senators seek boost for maritime system Wikileaks: Durbin pushed unknown Warren for Obama bank regulator The Hill's 12:30 Report MORE (D-Ill.) had been pushing for the bankruptcy provisions.

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