The House of Representatives begins deliberations today at 8 am. First on the agenda is 3 hours of debate on Paulson’s ripoff of the taxpayer bailout for Wall Street.

Floor Schedule from Hoyer’s office:

House Meets At… 8:00 a.m.: Legislative Business
Last Vote Predicted… 12:30 – 1:00 p.m.
**Members are advised that votes are expected as early as 8 a.m.

Senate Amendments to H.R. 3997 – Emergency Economic Stabilization Act of 2008 (Rep. Frank – Financial Services/ Ways and Means) (Subject to a Rule)

the rule you ask?

that was reported out of committee late last night after an emergency meeting of the house rules committee:

NOTICE OF ACTION
Sunday, September 28, 2008
11:45 P.M.
_____________________________________________

H. Res. 1517 Financial Services

Providing for the consideration of the Senate amendment to the House amendment to the Senate amendment to H.R. 3997, the Emergency Economic Stabilization Act of 2008

The Committee granted, by a non-record vote, a rule providing for consideration of the Senate amendment to the House amendment to the Senate amendment to H.R. 3997, the “Emergency Economic Stabilization Act of 2008.” The rule makes in order a motion by the Chairman of the Committee on Financial Services to concur in the Senate amendment to the House amendment to the Senate amendment with the text of the House amendment printed in the report of the Committee on Rules.

The rule waives all points of order against the motion and provides that the Senate amendment and the motion shall be considered as read. The rule provides three hours of debate on the motion equally divided and controlled by the chairman and ranking minority member of the Committee on Financial Services. The rule provides that the Chair may postpone further consideration of the motion to a time designated by the Speaker.

CSPAN, as usual, will carried the House Floor debate live.

for text of bill, see The OpenHouse Project.