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Senator
Michael Crapo
(R-ID) signs as
co-sponsor of S884, senate version of The Consumer Rental Purchase Agreement Act.
The Idaho Republican's support brings the Senate cosponsor count to 11; 6
Democrat and 5 Republican. Including 5 out of the 21 Senators on
the
Banking,
Housing, and Urban Affairs Committee, chaired by co-sponsor
Richard Shelby (R-AL). The bill was referred to the
Banking Committee on April 10.
After being passed in the House, S2947 (last sessions
Senate version of
S884) was killed in committee by then Banking Committee
Chairman, Paul
Sarbanes (D-MD); Senator Sarbanes
is now the Ranking Member.
10% of Senators showing active
support is seen by insiders as 'critical mass' where debate is
assured, and a vote is likely. However, Senate rules are written
in such a way as to allow any Senator with a 'bone to pick' to
block debate on any bill.
Below is a complete list of Senate Co Sponsors
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Bunning,
Jim - (R - KY)y
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Hutchison, Kay - (R - TX)
-
Johnson,
Tim - (D - SD)y
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Lincoln,
Blanche - (D - AR)
-
Nelson,
Ben - (D - NE)
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Reid, Harry
- (D - NV)
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Shelby,
Richard - (R - AL) y
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Miller,
Zell - (D - GA)y
-
Talent,
James - (R - MO)
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Breaux,
John - (D-LA)
-
Michael
Crapo - (R-ID)y
Sen. Kent Conrad
(D-ND)
sponsored previous RTO legislation, but has yet to officially
announce his support of S884.
No hearings have been scheduled.
The Banking, Housing, and Urban
Affairs committee is made up of 11 Republicans and 10 Democrats.
Ex-Chairman, and current ranking member, Paul Sarbanes
threatened to torpedo RTO legislation during the 107th congress
(see
Sarbanes to Block RTO Legislation).
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