The other is a bipartisan plan similar to one passed by the House, which would make the interest rate equal to the 10-year Treasury note plus 1.85 percent. That's similar to a House-passed bill that sets the rate at the 10-year note plus 2.5 percent.
The House also starts at 2 p.m. to work on three suspension bills. They are:
— H.R. 1341, the Financial Competitive Act, requiring the Financial Stability Oversight Council to study the financial effects of differences between capital requirements in the derivatives markets in the United States and other countries.
— H.R. 1564, the Audit Integrity and Job Protection Act, prohibiting the Public Company Accounting Oversight Board from requiring the automatic rotation of a public company's independent external auditor.
— H.R. 1171, the FOR VETS Act, which would authorize the transfer of federal surplus property to a state agency for donations to veterans' organizations.