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 ReidKoch network hits Clinton for the first time The Trail 2016: Focus on the Foundation Dear Cory Booker: How's that 'Camden Rising' thing working out? 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 IsaksonCruz, Lee question legality of Iran payment GOP senator: Obama 'hid' Iran payment from Congress GOP senators push Kerry on Iran payment MORE (R- Ga.), though the credit's exact amount will be revised. Majority Whip Dick DurbinDick DurbinDem wants hearing on EpiPen price hikes Legislators privacy fight coincides with FCC complaint Syria activists cheer Kaine pick MORE (D-Ill.) had been pushing for the bankruptcy provisions.


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

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