Outlook. The House will return next week to debate housing legislation, primarily the bill sponsored by Financial Services Chairman Barney Frank that was approved by his committee today. House Majority Leader Hoyer said it may be considered separately from another housing bill designed to help troubled homeowners during the subprime lending crisis. Hoyer said he hopes to act on a conference report on the FY09 budget resolution. "I believe we're close on the budget conference," and added that action on a farm bill conference report might be possible, if one is reached soon. Hoyer expected the FY09 defense authorization bill, which is scheduled to be marked up next week, to be on the floor during the week of May 18.
This article appears in the May 3, 2008, edition of National Journal Daily PM Update.