Political Quotes

“Mr. President, I ask unanimous consent that reading of the amendment be dispensed with. The ACTING PRESIDENT pro tempore. Without objection, it is so ordered. The amendment is as follows: (Purpose: To amend the Internal Revenue Code of 1986 to extend the time for closing on a principal residence eligible for the first-time homebuyer credit) At the end of part I of subtitle B of title II, insert the following: SEC. --. FIRST-TIME HOMEBUYER CREDIT. (a) In General.--Paragraph (2) of section 36(h) is amended by striking ``paragraph (1) shall be applied by substituting `July 1, 2010' '' and inserting ``and who purchases such residence before October 1, 2010, paragraph (1) shall be applied by substituting `October 1, 2010' ''. (b) Conforming Amendment.--Subparagraph (B) of section 36(h)(3) is amended by inserting ``and for `October 1, 2010' '' after ``for `July 1, 2010' ''. (c) Effective Date.--The amendments made by subsections (a) and (b) shall apply to residences purchased after June 30, 2010.…”