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Senate Rejects Cramdown Provision

The Senate earlier this week introduced two versions of the Helping Families Save Their Homes Act of 2009.  On April 30, 2009 the Senate voted down an amendment to one of the Senate Bills, which sought to add the cram-down provision to the bill.  The vote was 45 yeas to 51 neas.   All Senate Republicans voted against the bill along with 12 senate Democrats.
The cram-down provision still survives as their remains yet another Senate Bill containing the cram-down provision.  It seems that sponsors of the bill were testing the water to see how much support they would receive for the bill.

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