Monday, February 9, 2009

NHC Comparision Table Reflects Updated Information on Economic Recovery Package

As Congress moves towards resolution on H.R. 1 the "American Recovery and Reinvestment Act," NHC has completed a detailed table of the housing-related components included in this legislation.

Please note that this analysis uses information from the Senate version of H.R. 1 as agreed to on Friday, February 6. This version includes a bipartisan proposal sponsored by Senators Nelson (D-NE) and Collins (R-ME) that makes significant changes to the bill.

There will be a cloture vote for this amendment in the Senate later today, February 9.

The Senate will vote in relation to the Collins-Nelson Substitute amendment with a 60-vote threshold at noon, tomorrow, February 10. If the amendment is agreed to, the Senate will proceed to passage of the bill.

The Senate plans to vote on H.R. 1 no later than Tuesday, February 10.

As a result, NHC will continue to update this document accordingly.

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