Earlier on Wednesday, Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell
reached an agreement to end the government shutdownand raise the nation’s debt ceiling.
A Senate Democratic aide said that the Senate is expected to vote to pass the bill between 6-7 p.m. ET Wednesday night.
The key points:
- Funds the government through Jan. 15
- Suspends the debt ceiling through Feb. 7
- The bill does not include a provision to set up a bicameral budget conference. Instead, Senate leaders have a separate agreement that sets up the conference. It will end no later than Dec. 13.
- Provides a measure of income verification for those receiving subsidies under the Affordable Care Act. In short, the Secretary of Human Health Services will submit a report no later than Jan. 1 detailing the verification process. The department’s inspector general will submit to Congress no later than July a report on the effectiveness of those procedures.
Here’s the full text of the bill, which was finalised just after 5:30 p.m. ET Wednesday:
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