Stem cells in the Senate, mortgage relief in the House
Posted at 9:00 PM on May 16, 2008 by Michael Marchio
SF100, Rep. Phyllis Kahn and Sen. Dick Cohen's statewide stem cell policy bill just passed the Senate 40-27, and now heads to the governor's desk.
Rep. Davnie (DFL-Buffalo) has his subprime mortgage bill, SF3396, in front of the House right now. It would allow people who took out subprime mortgages on their homes to defer foreclosures.
Rep. Davnie said that in Minnesota alone, a home with a subprime mortgage is foreclosed every 15 minutes. Minority Leader Seifert offered an amendment for "means testing" that would require a homeowner seeking a deferment to have an income of less than $250,000 per year. Pretty smart amendment, and your lawmakers agreed, voting to pass it 91-42. Of course, now the House has to pick it back up to agree or go to conference, but this is one I don't think they want to wait till next session to get done. They'll find a way.
UPDATE: The governor was in Wisconsin addressing the state Republican Party, but he's found time to make time for our humble little Legislature, so the Senate has recessed and budget talks are starting up again.