Housing and Economic Recovery Act

Senate Panel Schedules Vote on Housing Bill; Passage Seen as Unlikely 

Efforts by Senate Banking Committee Chairman Christopher Dodd (D-CT) to gain bipartisan acceptance for a sweeping housing proposal broke down late Friday, leading Dodd to push ahead with a proposed markup of his own housing package in a committee hearing scheduled for this Thursday. Talks with Richard Shelby (R-AL), the senior Republican on the Banking Committee, collapsed late last week, the Washington Post reported Tuesday.