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House Punts Vote on Housing Bill

Speaker Nancy Pelosi (D-Calif.) said Thursday that the House is bumping a vote on housing legislation one week to give Members more time to understand the bill.

Democrats asked for more time to study the measure during a Caucus meeting Thursday morning, Pelosi said. The House will still vote on the rule on the foreclosure-prevention bill later in the day and proceed to general debate. Next week will focus on amendments and final passage on Tuesday.

Pelosi said Housing and Urban Development Secretary Shaun Donovan will meet with the Caucus on Monday night to brief Members on the administration’s housing plans. President Barack Obama is expected to release guidelines on March 4 detailing how he will implement refinancing and loan modification provisions, which are the heart of the bill.

The Speaker dismissed the idea that the bill is being delayed because Democrats voiced concerns with it in the Caucus meeting. House Democratic leaders just want to give Members “more context” so they understand all aspects of the legislation, Pelosi said.

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