UPDATE: House Passes Statutory PAYGO Legislation 265-166

CongressJust a quick update on the House's effort to reinstate Pay-As-You-Go (PAYGO) legislation. The full House passed H.R. 2920 this afternoon by a 265-166 vote. 24 Republicans joined with 241 Democrats to pass the bill by a pretty wide margin. Only 13 Democrats opposed the legislation.

While this is a significant achievement and may help to get health care reform legislation over a final hurdle ($) in the House, the Senate is unlikely to bring up the House passed bill. Senate Budget Committee Chairman Kent Conrad (D-ND) is opposed ($) to the House's system for reinstating PAYGO.

Added 7/23/09: the CBO weighs in on the cost of the PAYGO bill that the House passed (which contained slightly different language than the originally proposed bill).

Image by Flickr user cliff1066, used under a Creative Commons license.

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