TAG Clears Important Hurdle
December 11, 2012
A two year extension of the Transaction Account Guarantee (TAG) program cleared an important hurdle in the Senate today by a 76 to 20 vote to limit debate on S. 3637.
The vote on the Motion to Proceed passed by more than the required 60 votes with strong bipartisan support. Twenty-six Senate Republicans joined Senate Democrats in voting to move the Bill forward. Illinois Senator Richard Durbin voted for the Motion, but Senator Kirk will not be rejoining the Senate until after year-end and was not voting. CBAI thanks our many Illinois community bankers for their grassroots efforts to extend the TAG program.
There will likely be another procedural vote later this week to move this important legislation forward.