Senate Passes Foreclosure Prevention Act

[Mike Kennedy]

U.S. Senate Roll Call Votes 110th Congress - 2nd Session

as compiled through Senate LIS by the Senate Bill Clerk under the direction of the Secretary of the Senate

Vote Summary

Question: On the Cloture Motion (Motion to Invoke Cloture on the Motion to Disagree to the Amdts. of the House, Adding a New Title and Inserting a New Section, to the Amdt. of the Senate to H.R. 3221 )

Vote Number: 170 Vote Date: July 10, 2008, 10:58 AM
Required For Majority: 3/5 (58)

Vote Result: Cloture Motion Agreed toMeasure Number: H.R. 3221 (Foreclosure Prevention Act of 2008 )Measure Title: A bill to provide needed housing reform and for other purposes.

Vote Counts: YEAs 84 NAYs 12 Not Voting 4

http://www.senate.gov/legislative/L...ote_cfm.cfm?congress=110&session=2&vote=00170

 

[Bama Bayou]

I heard a final vote is not expected until Friday 07-11-08 but I may be wrong.

No, you were right and I was wrong. I think the Thursday vote was on closure which Mike has in the post above #11 (thanks for the link Mike), but the sites I was looking at just said it passed. It did pass today.

I'm glad I don't follow legislation all the time. It is so damn confusing how they get these bills passed.

 

[Mike Boyd]

As of the evening CNN news, it has now passed the senate but must go back to the House for minor revision. However, Bush has stated he will veto it. Hopefully, there are enough votes in both houses of congress to over-ride the veto.

 

[Couch Potato]

What they did today was reject an amendment by the house. Without agreement between the House and Senate, it will be quite a while before the bill is ready to go to the president.

 

[timd354]

What they did today was reject an amendment by the house. Without agreement between the House and Senate, it will be quite a while before the bill is ready to go to the president.

Without agreement between the House and Senate, it will never go to the President. In order to go to the President, both chambers must eventually pass the exact same version of the bill..........there is no guarantee that what they eventually agree on will not be substantially different than what is on the bill at the moment.....that is assuming that they even reach an agreement on the subject....it is always possible that the whole thing could blow up, especially in an election year, where many of the clowns in Washington are more worried about the blame game than in actually solving any problems in a way that is best for the American people.

 

[Couch Potato]

Without agreement between the House and Senate, it will never go to the President. In order to go to the President, both chambers must eventually pass the exact same version of the bill..........there is no guarantee that what they eventually agree on will not be substantially different than what is on the bill at the moment.....that is assuming that they even reach an agreement on the subject....it is always possible that the whole thing could blow up, especially in an election year, where many of the clowns in Washington are more worried about the blame game than in actually solving any problems in a way that is best for the American people.

You don't say.


As though they normally try to solve problems in a way that is best for the American people in a non-election year?

 

[Baron Von Squidlo]

The big question is will Bush sign it. I think this is a time to negotiate for ANWAR and offshore drilling. Bush could say I'll sign your bailout bill but I want offshore drilling and ANWAR drilling - theres a win/win hypothetical for us.

 

[timd354]

You don't say.


As though they normally try to solve problems in a way that is best for the American people in a non-election year?

I guess that my post could be interpreted that way....you are 100% correct to laugh at that.

 

[Rrebera]

too late!

there is no hope and they can pass all the bills that they want, it is not going to help the market. First, the job market is the worst since the depression and secondly, lenders in the Ohio and PA area are now requiring 20% down to buy a home(no gifts). What a new concept, 20% down, making the buyer responsible......people need jobs......why don't they just do away from the federal tax on anyone making 30k or under.....instead of paying 30% of your wages you can put the money back into the economy.....

 

[Michigan CG]

..... First, the job market is the worst since the depression.....

Depression....you mean like 1930? No, the job market was worse in 1979 at 8.5% unemployment, current unemployment is 5.5%, not a bad number since we are in a recession.

....why don't they just do away from the federal tax on anyone making 30k or under.....instead of paying 30% of your wages you can put the money back into the economy.....

A family of four making less than $40,000/year currently doesn't pay federal taxes.