House, Senate Reach Deal on Procedures for Conference on Economic Stimulus Legislation
House Ways and Means Committee Chairman Bill Thomas (R-Calif.) yesterday announced that House and Senate leaders have reached an agreement on procedures for a conference on economic stimulus legislation. The House in October passed its version of an economic stimulus bill, H.R. 3090, which would repeal the corporate alternative minimum tax. In his announcement, however, Thomas did not mention any specifics of the compromise legislation except to promise that it “would offer real help to unemployed Americans.” Conferees were to be named today.