Yesterday, the Senate continued their debate on HR 4521, the America COMPTES Act. A vote will be held this morning on proceeding to vote on amendments to the bill. To date, only one amendment has been offered, SA 5002. That amendment would provide substitute language for the bill that would essentially be substituting the language from S 1260 that had previously been adopted by the Senate, but not taken up by the House.
The Senate is likely to finish work on the bill late this
week. The House would then have to decide if it would accept the revised Senate
language or go to conference to work out the differences in the bill. I expect
that the House will demand a conference, otherwise they would just have taken
up S 1260. This could delay the completion of action on this bill for weeks.
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