Finance committee passes bill
Posted: Tuesday, October 13, 2009 3:04 PM by firstread
from NBC's Ken Strickland
The Senate Finance Committee voted 14-9 to pass Senator Max Baucus's version of the health care bill. Said Sen.Olympia Snowethe lone Republican who voted in favor of it: “Is this bill all that I want? Far from it. Is it all that it could be? No. But when history calls, history calls. And I happen to think the consequences of inaction dictate the urgency of Congress to take every opportunity to demonstrate its capacity to solve the monumental issues of our time.”
***UPDATE*** Where does the bill go from here? This week Majority Leader Harry Reid (and the White House) will start the process of merging the Finance Committee bill with the Senate Health, Education, Labor and Pensions committee bill which passed over the summer. The biggest difference between the two: the HELP Committee bill has the public option; the finance bill does not.
Once those bills are merged into a new bill, it will have to be sent to the Congressional Budget Office and Joint Committee of Taxation for a new cost estimate. Once that "score" is completed, the bill is ready to go to the Senate floor.