On Wednesday, the House announced its list of thirty-one conferees, and like their Senate counterparts, the House conferees are bringing massive amounts of finance industry campaign contributions to the negotiating table. According to data from the Center for Responsive Politics, for the 2010 cycle alone, these representatives have collected an aggregate of $6,192,618, for an average of over $199,000 each. This number is substantially higher than for the House as a whole, where the average representative has received closer to $113,000, or over 40% less.Read Full Article
Sources are telling The Hill that the Democrats have decided to add a bill to eliminate government subsidies to student loan companies to the budget reconciliation bill that will iron out the differences between the Senate and House health care bills.
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Senate Democratic leaders have decided to pair an overhaul of federal student lending with healthcare reform, according to a Democratic official familiar with negotiations.
"It's going in," said the Democratic source, in reference to the student lending measure.
Rep. Bart Stupak [D, MI-1] is threatening to keep the House from passing the Senate health care bill (H.R. 3590) and potentially sink the whole health care reform process unless its language regarding abortion is amended to match the language he added to the House health care bill. The Senate bill already blocks federal funding from going towards abortion services, but Stupak wants it to prevent anyone buying insurance through the new Exchanges from purchasing a plan that covers elective abortions, even if they are buying the insurance plan entirely with their own money.
Stupak says that he has 11 Democrats who will vote "no" with him on the Senate bill if the abortion language isn't changed. That's enough to sink the bill. The names of the "Stupak 12" haven't been released, but Brian Beutler of TPM has whittled down various roll call and whip lists to produce a list that seems like it could be pretty accurate:Read Full Article
One year after the biggest economic collapse since the Great Depression, Congress is still debating new financial regulations to protect consumers and prevent risk-taking in the financial sector. The House Committee on Financial Services is currently undertaking the important first step of writing, amending and voting on some of the pieces of the long-proposed financial regulatory reform.Read Full Article