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Agreement to consider Debt Limit bill, H.R.325

The Senate has reached an agreement to consider H.R.325, the debt limit legislation. The agreement results in up to 6 roll call votes tomorrow (4 amendments, 1 motion, and passage of the bill). We expect to have one vote at approximately 12:15pm and the remaining votes at 2:15pm. The amendments and motion are subject to 60-affirmative vote thresholds, but we expect motions to table those items, which would require a simple majority of votes to table.

The votes would be in relation to the items listed below.

12:15pm:

- Portman (dollar for dollar cuts - S.43 text);

(recess for caucus meetings)

2:15pm:

- Portman (government shutdown prevention - S.29 text);

- Toomey (full faith and credit);

- Paul (prohibition of F-16s to Egypt);

- Vitter motion to commit (spending cuts); and

- Passage of H.R.325, as amended, if amended (Debt Limit).

The text of the agreement can be found below.

Following Leader remarks on Thursday, January 31st, the Senate will proceed to the consideration of Calendar #7, H.R.325. Following amendments, the text of which are at the desk, be the only first degree amendments in order to the bill:

- Portman (dollar for dollar cuts - S.43 text);

- Portman (government shutdown prevention - S.29 text);

- Toomey (full faith and credit); and

- Paul (prohibition of F-16s to Egypt).

The only motion to commit in order to the bill is a Vitter motion to commit regarding spending cuts. The time until 12:15pm will be for debate on the amendments, motion and the bill, to run concurrently and equally divided between the two Leaders, or their designees, prior to votes in relation to the amendments and the Vitter motion in the order listed. Upon disposition of the amendments and the Vitter motion, the Senate will proceed to a vote on passage of H.R.325, as amended, if amended. The amendments and the Vitter motion are subject to a 60 affirmative vote threshold. No amendments are in order to any of the amendments or the Vitter motion prior to the votes. Finally, there will be two minutes equally divided prior to each vote and that all after the first vote will ten minute votes.

After Senator Reid asked the consent, Senator Inhofe stated that he intended to seek a vote on an amendment regarding sequestration, but he would not object at this time.

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