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 ReidPuerto Rico debt relief faces serious challenges in Senate McCain files B amendment to boost defense spending Dems to GOP: Cancel Memorial Day break 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 IsaksonGOP senators: Obama bathroom guidance is 'not appropriate' Amateur theatrics: An insult to Africa Dem senator blocks push to tie 'gun ban' to spending bill MORE (R- Ga.), though the credit's exact amount will be revised. Majority Whip Dick DurbinDick DurbinPuerto Rico debt relief faces serious challenges in Senate Funding boost for TSA sails through committee Senate panel passes 4.5B defense bill MORE (D-Ill.) had been pushing for the bankruptcy provisions.


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

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