Today the U.S. House of Representatives passed the Stimulus Bill. It now moves to the Senate, where a vote is expected around 7:00pm Eastern time tonight. Update: The Senate passed the Stimulus bill at 10:45pm (EST) on a 60 – 38 vote.
Do that, and you’ll be way ahead of the people that voted on it. It was released at 10:45pm last night and passed on a 246 ”“ 183 vote about 14 hours later.
If digesting 1,091 pages of legislation isn’t your idea of fun, you can read the Joint Explanatory Statement of the Committee of Conference that boils down the nuts and bolts of the bill. It’s also in two parts and only totals 421 pages. (Part 1. Part 2)
I’ll post my analysis of the real estate related portions of the bill sometime over the weekend. I prefer to read it before I comment on it”¦
In the mean time, here’s a couple of short videos that capture my thoughts on the fact that we’re passing expansive and expensive legislation that no one has read.