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On The Floor: Senate reconvened at 10 AM and resumed consideration of the farm bill (H.R. 2419) and is expected to finally finish work on the bill this morning. Reid filed for cloture on the farm bill last night, which was invoked, 78-12. This eliminated remaining amendments to the bill. After a final vote on the farm bill, the Senate will begin consideration of the Federal Housing Administration overhaul (S. 2338) which also addresses increasing the size of mortgages that the agency could insure, lowering down payments and boosting penalties for fraud. Only two amendments to the bill will be considered.
Following the FHA bill, the Senate will move to the conference report on the fiscal 2008 Defense authorization bill (H.R. 1585). The bill’s way has been cleared after Democrats agreed to remove a hate crimes measure that had been attached to the bill in September.
Yesterday, the Senate passed the third continuing resolution (H.J. Res. 69) this year, to fund the government through next Friday. Senate Democrats failed yesterday by one vote to get cloture on a revised energy package that included $21 billion in tax hikes on energy companies but lacked the renewable energy mandates that were rejected last week. After this latest failure, the tax package was removed and the energy bill was sent back to the House by a vote of 86-8.
Senators rejected four amendments to the farm bill yesterday (which needed 60 votes to pass), including amendments by Sens. Dorgan (D-ND), Grassley (R-IA) & Sen. Klobuchar (D-MN) to limit farm subsidies & amendment by Sen. Brown (D-OH) to cut the federal crop insurance program. Next week, the Senate hopefully will take up an AMT patch, the omnibus appropriations bill, and a FISA reform bill.
Tags: farm bill, Federal Housing Administration, conference report, fiscal 2008, Defense authorization bill, US Congress, US House, US Senate, Washington D.C. To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
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