Negotiations over bankruptcy cram down provisions in a housing bill have hit a snag and Senate Democratic leaders have put off legislative action until late April.
"(I)t looks likely that we will not be able to take up this housing bill until the next work period," said Regan Lachapelle, a spokeswoman for Senate majority leader Harry Reid. "We will continue to work with Senator Durbin and Senator Dodd to ensure we have the votes when we move this bill forward." Democratic Sens. Richard Durbin (Ill.) and Christopher Dodd (Conn.) are leading the effort to pass the housing bill (H.R. 1106) with the bankruptcy cram down provisions.