UPDATE 10:28 est BILL TO INCLUDE TAX CUT :
A good friend on the Hill, and now media sources are reporting that the Senate will vote on Wednesday evening on the bailout bill, even as progressives seek to float the House alternative introduced today by DeFazio and Kaptur.
THE MOST EFFECTIVE WAY TO COMMUNICATE IS TO (1) Call Your Senate office, (202) 224-3121, get the name of the Legislative Assistant that handles financial services issues, and the fax number and (2) FAX YOUR CONCERNS TO THAT LA.
The world has not crashed, despite Saddam's yellow cake dirty bomb aimed at the Federal Reserve - let's get a timeout and do this right- and RIGHT DOES NOT MEAN 'BOBO' - the Bush Orchestrated Bail Out
UPDATE :
My sources say the language is close to the House bill, with tweaks to the compensation limit farce (my term) and possibly setting up a special financial crime task force within the Department of (Alleged) Justice, and increasing the FDIC insurance limit to $ 250,000 is a go
Sorry for the formatting, but wanted to get this out as soon as I heard it -
Senate to vote on rescue plan with added tax cut
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Sep 30, 9:22 PM (ET)
By CHARLES BABINGTON and JIM KUHNHENN
(AP) Rep. Marcy Kaptur, D-Ohio, left, speaks during a news conference on Capitol Hill in Washington,...
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WASHINGTON (AP) - In a surprise move to resurrect President Bush's $700 billion Wall Street rescue plan, Senate leaders slated a vote on the measure for Wednesday - but added a tax cut plan already rejected by the House. Majority Leader Harry Reid, D-Nev., and GOP Leader Mitch McConnell of Kentucky unveiled the plan Tuesday.
The Senate plan would also raise federal deposit insurance limits to $250,000 from $100,000, as called for by the two presidential nominees only hours earlier.
The move to add a tax legislation - including a set of popular business tax breaks - risked a backlash from House Democrats insisting they be paid for with tax increases elsewhere.
But by also adding legislation to prevent more than 20 million middle-class taxpayers from feeling the bite of the alternative minimum tax, the step could build momentum for the Wall Street bailout from House Republicans. The presidential candidates Sens. John McCain, R-Ariz., and Barack Obama, D-Ill., intend to fly to Washington for the votes, as does Sen. Joe Biden of Delaware, the Democratic vice presidential candidate.
The surprise move capped a day in which supporters of the imperiled multibillion-dollar economic rescue fought to bring it back to life, courting reluctant lawmakers with a variety of other sweeteners including the plan to reassure Americans their bank deposits are safe.
Wall Street, at least, regained hope. The Dow Jones industrials rose 485 points, one day after a record 778-point plunge following rejection in the U.S. House of the plan worked out by congressional leaders and the Bush administration.
Before Reid and McConnell's move, lawmakers, President Bush and the two rivals to succeed him all rummaged through ideas new and old, desperately seeking to change a dozen House members' votes and pass the $700 billion plan.
The tax plan passed the Senate last week, on a 93-2 vote. It included AMT relief, $8 billion in tax relief for those hit by natural disasters in the Midwest, Texas and Louisiana, and some $78 billion in renewable energy incentives and extensions of expiring tax breaks. In a compromise worked out with Republicans, the bill does not pay for the AMT and disaster provisions but does have revenue offsets for part of the energy and extension measures
.
That wasn't enough for the House, which insisted that there be complete offsets for the energy and extension part of the package.
The Senate move seems aimed at jamming the House into accepting the deficit-financed tax cuts. Conservative Democrats won't like the idea, but some Congress-watchers suspect most Democrats might be willing to go along.
Still, the House is where the problems are, and leaders there were scrounging for ideas that might appeal to a few of the 133 Republicans and 95 Democrats who rejected the proposal on Monday.
Senate Banking Committee Chairman Christopher Dodd, D-Conn., told reporters, "I'm told a number of people who voted 'no' yesterday are having serious second thoughts about it." He added, however, "There's no game plan that's been decided."
The idea drawing the biggest support was to raise the federal deposit insurance limit, now $100,000 per account, to $250,000. Several officials, along with both presidential nominees, endorsed the change.
So did the agency that runs the program.
Within hours of the candidates' separate statements, Federal Deposit Insurance Corp. chairman Sheila Bair asked Congress for temporary authority to raise the limit by an unspecified amount. That could help ease a crisis of confidence in the banking system, Bair said.
She said the overwhelming majority of banks remain sound but an increase in the cap would help ease a crisis of confidence in the banking system as well as encourage banks to begin more lending.
Other ideas include extending unemployment insurance benefits, typically a Democratic goal, but one that appeals to some Rust Belt Republicans. Another Democratic-backed idea would double the property tax deduction taken by people who do not itemize their taxes. And another calls for more spending on transportation infrastructure projects, which would create more jobs. Budget hawks in both parties might object, however.
Monday's House vote was a stinging setback to leaders of both parties and to Bush. The administration's proposal, still the heart of the legislation under consideration, would allow the government to buy bad mortgages and other deficient assets held by troubled financial institutions. If successful, advocates of the plan believe, that would help lift a major weight off the already sputtering national economy.
But the proposal ignited furious responses from thousands of Americans, who flooded congressional telephones. The House voted 228-205 against the plan. Some lawmakers reported a shift in constituent calls pouring into their offices Tuesday after the record stock market decline. Many callers, they said, want Congress to do something without "bailing out Wall Street."
(AP) President Bush makes a statement about the economic bailout bill and financial crisis, Tuesday,...
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Bush renewed his efforts, speaking with McCain and Obama and making another statement from the White House. "Congress must act," he declared.
Though stock prices rose, more attention was on credit markets. A key rate that banks charge each other shot higher, further evidence of a tightening of credit availability.
Bush was talking about everyday Americans on Tuesday, not banks or other financial institutions. And no supporters were using the word "bailout."
The president noted that the maximum $700 billion in the proposed bill was dwarfed by the $1 trillion in lost wealth that resulted from Monday's stock market decline.
"The dramatic drop in the stock market that we saw yesterday will have a direct impact on retirement accounts, pension funds and personal savings of millions of our citizens," Bush said. "And if our nation continues on this course, the economic damage will be painful and lasting."
(AP) President Bush finishes his statement about the economic bailout bill and financial crisis,...
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Republicans said the FDIC proposal might attract lawmakers on the left and right who want to help small business owners and avert runs on banks by customers fearful of losing their savings.
Another possible change to the bill would call on regulators to modify "mark to market" accounting rules. Such rules require banks and other financial institutions to adjust the value of their assets to reflect current market prices, even if they plan to hold the assets for years.
Some House Republicans say current rules forced banks to report huge paper losses on mortgage-backed securities, which might have been avoided.
There was a note of irony in that proposal. One Republican familiar with the discussions conceded it amounted to step toward deregulation at a time when Obama, McCain and House members in both parties are clamoring for greater controls on the financial industry.
The rescue package was Topic A on the presidential campaign trail.
"The first thing I would do is say, 'Let's not call it a bailout. Let's call it a rescue,'" McCain told CNN. He said, "Americans are frightened right now" and political leaders must give them an immediate solution and a longer-term approach to the problem.
Obama issued a statement saying that significantly increasing federal deposit insurance would help small businesses and make the U.S. banking system more secure as well as restore public confidence.
The bill's defeat in the House came despite furious personal lobbying by Bush and support from House leaders of both parties. But ideological groups on the left and the right organized against it. Even pressure in favor of the bill from some of the biggest special interests in Washington, including the U.S. Chamber of Commerce and the National Association of Realtors, could not sway enough votes.STOP BOBO !
DO NOT USE EMAIL - CALL THEM AND GET THE NAME OF THE 'LA'- legislative assistant that handles the issue
Senators of the 110th Congress
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Akaka, Daniel K.- (D - HI) Class I
141 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-6361
Web Form: akaka.senate.gov/public/index.cfm?FuseAction=Contact.Home
Alexander, Lamar- (R - TN) Class II
455 DIRKSEN SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-4944
Web Form: alexander.senate.gov/public/index.cfm?FuseAction=Contact.
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Allard, Wayne- (R - CO) Class II
521 DIRKSEN SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-5941
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Barrasso, John- (R - WY) Class I
307 DIRKSEN SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-6441
Web Form: barrasso.senate.gov/public/index.cfm?FuseAction=ContactUs...
Baucus, Max- (D - MT) Class II
511 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-2651
Web Form: baucus.senate.gov/contact/emailForm.cfm?subj=issue
Bayh, Evan- (D - IN) Class III
131 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-5623
Web Form: bayh.senate.gov/contact/email/
Bennett, Robert F.- (R - UT) Class III
431 DIRKSEN SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-5444
Web Form: bennett.senate.gov/contact/emailmain.html
Biden, Joseph R., Jr.- (D - DE) Class II
201 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-5042
Web Form: biden.senate.gov/services/contact/
Bingaman, Jeff- (D - NM) Class I
703 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-5521
E-mail: senator_bingaman@bingaman.senate.gov
Bond, Christopher S.- (R - MO) Class III
274 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-5721
Web Form: bond.senate.gov/contact/contactme.cfm
Boxer, Barbara- (D - CA) Class III
112 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-3553
Web Form: boxer.senate.gov/contact
Brown, Sherrod- (D - OH) Class I
455 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-2315
Web Form: brown.senate.gov/contact/
Brownback, Sam- (R - KS) Class III
303 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-6521
Web Form: brownback.senate.gov/CMEmailMe.cfm
Bunning, Jim- (R - KY) Class III
316 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-4343
Web Form: bunning.senate.gov/public/index.cfm?FuseAction=Contact.Co...
Burr, Richard- (R - NC) Class III
217 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-3154
Web Form: burr.senate.gov/public/index.cfm?FuseAction=Contact.Home
Byrd, Robert C.- (D - WV) Class I
311 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-3954
Web Form: byrd.senate.gov/byrd_email.html
Cantwell, Maria- (D - WA) Class I
511 DIRKSEN SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-3441
Web Form: cantwell.senate.gov/contact/
Cardin, Benjamin L.- (D - MD) Class I
509 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-4524
Web Form: cardin.senate.gov/contact/
Carper, Thomas R.- (D - DE) Class I
513 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-2441
Web Form: carper.senate.gov/contact/
Casey, Robert P., Jr.- (D - PA) Class I
383 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-6324
Web Form: casey.senate.gov/contact/
Chambliss, Saxby- (R - GA) Class II
416 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-3521
Web Form: chambliss.senate.gov/public/index.cfm?FuseAction=ContactU...
Clinton, Hillary Rodham- (D - NY) Class I
476 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-4451
Web Form: clinton.senate.gov/contact
Coburn, Tom- (R - OK) Class III
172 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-5754
Web Form: coburn.senate.gov/public/index.cfm?FuseAction=ContactSena...
Cochran, Thad- (R - MS) Class II
113 DIRKSEN SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-5054
Web Form: cochran.senate.gov/contact.htm
Coleman, Norm- (R - MN) Class II
320 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-5641
Web Form: coleman.senate.gov/public/index.cfm?FuseAction=Contact.Co...
Collins, Susan M.- (R - ME) Class II
413 DIRKSEN SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-2523
Web Form: collins.senate.gov/public/continue.cfm?FuseAction=Contact...
Conrad, Kent- (D - ND) Class I
530 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-2043
Web Form: conrad.senate.gov/contact/webform.cfm
Corker, Bob- (R - TN) Class I
185 DIRKSEN SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-3344
Web Form: corker.senate.gov/Contact/index.cfm
Cornyn, John- (R - TX) Class II
517 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-2934
Web Form: cornyn.senate.gov/public/index.cfm?FuseAction=Contact.Con...
Craig, Larry E.- (R - ID) Class II
520 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-2752
Web Form: craig.senate.gov/email/
Crapo, Mike- (R - ID) Class III
239 DIRKSEN SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-6142
Web Form: crapo.senate.gov/contact/email.cfm
DeMint, Jim- (R - SC) Class III
340 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-6121
Web Form: demint.senate.gov/public/index.cfm?FuseAction=Contact.Home
Dodd, Christopher J.- (D - CT) Class III
448 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-2823
Web Form: dodd.senate.gov/index.php?q=node/3130
Dole, Elizabeth- (R - NC) Class II
555 DIRKSEN SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-6342
Web Form: dole.senate.gov/public/index.cfm?FuseAction=ContactInform...
Domenici, Pete V.- (R - NM) Class II
328 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-6621
Web Form: domenici.senate.gov/contact/contactform.cfm
Dorgan, Byron L.- (D - ND) Class III
322 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-2551
E-mail: senator@dorgan.senate.gov
Durbin, Richard- (D - IL) Class II
309 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-2152
Web Form: durbin.senate.gov/contact.cfm
Ensign, John- (R - NV) Class I
119 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-6244
Web Form: ensign.senate.gov/forms/email_form.cfm
Enzi, Michael B.- (R - WY) Class II
379A RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-3424
Web Form: enzi.senate.gov/public/index.cfm?FuseAction=ContactInform...
Feingold, Russell D.- (D - WI) Class III
506 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-5323
Web Form: feingold.senate.gov/contact_opinion.html
Feinstein, Dianne- (D - CA) Class I
331 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-3841
Web Form: feinstein.senate.gov/public/index.cfm?FuseAction=ContactU...
Graham, Lindsey- (R - SC) Class II
290 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-5972
Web Form: lgraham.senate.gov/public/index.cfm?FuseAction=Contact.Em...
Grassley, Chuck- (R - IA) Class III
135 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-3744
Web Form: grassley.senate.gov/contact.cfm#emailform
Gregg, Judd- (R - NH) Class III
393 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-3324
Web Form: gregg.senate.gov/public/index.cfm?FuseAction=Contact.Cont...
Hagel, Chuck- (R - NE) Class II
248 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-4224
Web Form: hagel.senate.gov/public/index.cfm?FuseAction=Contact.Home
Harkin, Tom- (D - IA) Class II
731 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-3254
Web Form: harkin.senate.gov/c/
Hatch, Orrin G.- (R - UT) Class I
104 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-5251
Web Form: hatch.senate.gov/public/index.cfm?FuseAction=Offices.Cont...
Hutchison, Kay Bailey- (R - TX) Class I
284 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-5922
Web Form: hutchison.senate.gov/contact.cfm
Inhofe, James M.- (R - OK) Class II
453 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-4721
Web Form: inhofe.senate.gov/public/index.cfm?FuseAction=Contact.Con...
Inouye, Daniel K.- (D - HI) Class III
722 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-3934
Web Form: inouye.senate.gov/abtform.html
Isakson, Johnny- (R - GA) Class III
120 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-3643
Web Form: isakson.senate.gov/contact.cfm
Johnson, Tim- (D - SD) Class II
136 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-5842
Web Form: johnson.senate.gov/contact/
Kennedy, Edward M.- (D - MA) Class I
317 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-4543
Web Form: kennedy.senate.gov/senator/contact.cfm
Kerry, John F.- (D - MA) Class II
304 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-2742
Web Form: kerry.senate.gov/v3/contact/email.html
Klobuchar, Amy- (D - MN) Class I
302 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-3244
Web Form: klobuchar.senate.gov/emailamy.cfm
Kohl, Herb- (D - WI) Class I
330 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-5653
Web Form: kohl.senate.gov/gen_contact.html
Kyl, Jon- (R - AZ) Class I
730 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-4521
Web Form: kyl.senate.gov/contact.cfm
Landrieu, Mary L.- (D - LA) Class II
724 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-5824
Web Form: landrieu.senate.gov/contact/index.cfm
Lautenberg, Frank R.- (D - NJ) Class II
324 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-3224
Web Form: lautenberg.senate.gov/contact/
Leahy, Patrick J.- (D - VT) Class III
433 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-4242
E-mail: senator_leahy@leahy.senate.gov
Levin, Carl- (D - MI) Class II
269 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-6221
Web Form: levin.senate.gov/contact/index.cfm
Lieberman, Joseph I.- (ID - CT) Class I
706 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-4041
Web Form: lieberman.senate.gov/contact/index.cfm?regarding=issue
Lincoln, Blanche L.- (D - AR) Class III
355 DIRKSEN SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-4843
Web Form: lincoln.senate.gov/webform.html
Lugar, Richard G.- (R - IN) Class I
306 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-4814
E-mail: senator_lugar@lugar.senate.gov
Martinez, Mel- (R - FL) Class III
356 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-3041
Web Form: martinez.senate.gov/public/index.cfm?FuseAction=ContactIn...
McCain, John- (R - AZ) Class III
241 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-2235
Web Form: mccain.senate.gov/public/index.cfm?FuseAction=Contact.Con...
McCaskill, Claire- (D - MO) Class I
717 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-6154
Web Form: mccaskill.senate.gov/contact/
McConnell, Mitch- (R - KY) Class II
361-A RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-2541
Web Form: mcconnell.senate.gov/contact_form.cfm
Menendez, Robert- (D - NJ) Class I
317 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-4744
Web Form: menendez.senate.gov/contact/contact.cfm
Mikulski, Barbara A.- (D - MD) Class III
503 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-4654
Web Form: mikulski.senate.gov/Contact/contact.cfm
Murkowski, Lisa- (R - AK) Class III
709 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-6665
Web Form: murkowski.senate.gov/contact.cfm
Murray, Patty- (D - WA) Class III
173 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-2621
Web Form: murray.senate.gov/email/index.cfm
Nelson, Bill- (D - FL) Class I
716 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-5274
Web Form: billnelson.senate.gov/contact/email.cfm
Nelson, E. Benjamin- (D - NE) Class I
720 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-6551
Web Form: bennelson.senate.gov/contact/email.cfm
Obama, Barack- (D - IL) Class III
713 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-2854
Web Form: obama.senate.gov/contact/
Pryor, Mark L.- (D - AR) Class II
255 DIRKSEN SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-2353
Web Form: pryor.senate.gov/contact/
Reed, Jack- (D - RI) Class II
728 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-4642
Web Form: reed.senate.gov/contact/contact-share.cfm
Reid, Harry- (D - NV) Class III
528 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-3542
Web Form: reid.senate.gov/contact/index.cfm
Roberts, Pat- (R - KS) Class II
109 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-4774
Web Form: roberts.senate.gov/public/index.cfm?FuseAction=ContactInf...
Rockefeller, John D., IV- (D - WV) Class II
531 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-6472
Web Form: rockefeller.senate.gov/contact/email.cfm
Salazar, Ken- (D - CO) Class III
702 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-5852
Web Form: salazar.senate.gov/contact/email.cfm
Sanders, Bernard- (I - VT) Class I
332 DIRKSEN SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-5141
Web Form: sanders.senate.gov/comments/
Schumer, Charles E.- (D - NY) Class III
313 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-6542
Web Form: schumer.senate.gov/SchumerWebsite/contact/webform.cfm
Sessions, Jeff- (R - AL) Class II
335 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-4124
Web Form: sessions.senate.gov/public/index.cfm?FuseAction=Constitue...
Shelby, Richard C.- (R - AL) Class III
110 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-5744
E-mail: senator@shelby.senate.gov
Smith, Gordon H.- (R - OR) Class II
404 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-3753
Web Form: gsmith.senate.gov/public/index.cfm?FuseAction=Contact.Home
Snowe, Olympia J.- (R - ME) Class I
154 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-5344
Web Form: snowe.senate.gov/public/index.cfm?FuseAction=ContactSenat...
Specter, Arlen- (R - PA) Class III
711 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-4254
Web Form: specter.senate.gov/public/index.cfm?FuseAction=Contact.Co...
Stabenow, Debbie- (D - MI) Class I
133 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-4822
Web Form: stabenow.senate.gov/email.cfm
Stevens, Ted- (R - AK) Class II
522 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-3004
Web Form: stevens.senate.gov/public/index.cfm?FuseAction=Contact.Em...
Sununu, John E.- (R - NH) Class II
111 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-2841
Web Form: www.sununu.senate.gov/webform.html
Tester, Jon- (D - MT) Class I
204 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-2644
Web Form: tester.senate.gov/Contact/
Thune, John- (R - SD) Class III
493 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-2321
Web Form: thune.senate.gov/public/index.cfm?FuseAction=Contact.Email
Vitter, David- (R - LA) Class III
516 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-4623
Web Form: vitter.senate.gov/?module=webformIQV1
Voinovich, George V.- (R - OH) Class III
524 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-3353
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Warner, John- (R - VA) Class II
225 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
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Webb, Jim- (D - VA) Class I
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Whitehouse, Sheldon- (D - RI) Class I
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Wicker, Roger F.- (R - MS) Class I
487 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
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Wyden, Ron- (D - OR) Class III
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UPDATE 2 - From the Hill Newspaper of Capitol Hill
Leading The News PDF Print E-mail
Senate to vote on bailout Wednesday
By J. Taylor Rushing
Posted: 09/30/08 07:55 PM [ET]
In a surprising development, Senate leaders Tuesday night announced a Wednesday evening vote on the $700 billion Wall Street rescue plan rejected Monday in the House of Representatives.
Senate Majority Leader Harry Reid (D-Nev.) and Minority Leader Mitch McConnell (R-Ky.) announced the agreement in a joint appearance on the Senate floor just after 7 p.m. Agreements are in place for a voting procedure and the vote itself is expected sometime after sundown, to respect the Jewish holiday, both leaders’ offices said.
The agreement came together after a daylong effort that involved as many as nine conversations between Reid and McConnell and their lieutenants, as well as calls back and forth from Capitol Hill to the White House. The stock market plunged 777 points after Monday's 205-228 vote in the House, sending leaders from both parties scrambling on Tuesday to head off any more political and financial fallout. The bill is believed to enjoy a wide margin of support in the Senate, usually the more difficult of Congress's two chambers for controversial legislation.
"It has been determined, in our judgment, this is the best thing to move forward," Reid said. "This is good for the country."
McConnell called the announcement "one of the finer moments in the Senate."
"We have come together on a bipartisan [basis] and structured a way forward on an important rescue package for our country," he said. "This is an important accomplishment and a way forward to get a result that we need to achieve for the American people."
Reid's office said the final agreement came together very quickly late Tuesday.
Usually, constitutional issues prevent the Senate from acting on legislation that involves tax issues — any such bill must originate in the House. However, the Senate can circumvent the the rules by taking up a pending House bill, stripping it and putting in place substitute language. Senate Banking Committee Chairman Chris Dodd (D-Conn.) had cast doubt on that scenario after Monday's failed House vote, saying it would only "compound" the situation, but others, such as senior Banking Committee member Robert Bennett (R-Utah), confirmed it was a leading idea.
"Anything that's within the realm of the rules is within the realm of possibility," Bennett said.
Some observers said a successful Senate vote could be an important tool in persuading wavering House members who may be considering changing their vote.