Drama in Washington State
April 23, 2009 | Washington, industry, media coverage | Comments (0)A breathless description of last night’s vote from the Seattle Times:
In a 25-24 vote on Wednesday, the Senate rejected the House’s request, sending the measure back to the lower chamber unchanged. The bill appeared doomed.
But just minutes later, in a surprise move, the House voted to send the bill back to the Senate, and after some political maneuvering senators stripped their own amendment and approved the House version of the bill. The measure cleared the Senate on a 26-23 vote.
The bill establishes a data base and limits loans to 30 percent of a borrower’s monthly income or $700. It also includes a new extended payment plan.
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