The Senate to Give Financial Stability Act a Try on Wednesday

By September 30, 2008Economy, Taxation

The Senate convenes at 10 a.m. At National Review Online, a report from Senate staff:

The structure is this:

The Senate will call up H.R. 1424, the text of which will be substituted with the economic rescue plan (a Dodd amendment which must have the consent of both the Majority and Minority Leaders). The only other amendment in order will be a Sanders amendment that will be handled by a voice vote.

The bill will be subject to a 60-vote threshold for passage.

Another note from an aide: “it will be the economic rescue plan, plus the FDIC improvement, plus the tax relief extension bill that we passed earlier this month ($100 million in net tax relief that’s being stalled in the House).”

The Washington Post reports much the same.

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