Lawmakers hit impasse on small business bill

Reid said Democrats agreed to consider three Republican amendments -- one by Sen. Orrin HatchOrrin HatchSenate Finance panel to hold Price hearing next week Overnight Finance: Price puts stock trading law in spotlight | Lingering questions on Trump biz plan | Sanders, Education pick tangle over college costs Trump Treasury pick gets support from ex-mortgage assistance leader MORE (Utah) one-year extension on research and development tax credits, a second by Sen. Chuck GrassleyChuck GrassleyJeff Sessions will protect life Justice, FBI to be investigated over Clinton probes Pence meets with Kaine, Manchin amid Capitol Hill visit MORE (Iowa) on the biodiesel tax credit and a third by Sen. Mike JohannsMike JohannsTo buy a Swiss company, ChemChina must pass through Washington Republican senator vows to block nominees over ObamaCare co-ops Revisiting insurance regulatory reform in a post-crisis world MORE (Neb.) to nix a provision requiring any taxpayer with business income to issue 1099 forms to all vendors from whom they buy more than $600 of goods or services in any year.

Senate Minority Leader Mitch McConnellMitch McConnellGOP senators introducing ObamaCare replacement Monday Senators introduce dueling miners bills Dems demand second hearing for Trump's Education nominee MORE (R-Ky.) also offered another amendment by Hatch to refer the bill to committee to prevent tax hikes, a Sen. Jeff SessionsJeff SessionsSenate panel sets vote on Sessions for AG Dems want Sessions to recuse himself from Trump-Russia probe Trump’s marijuana options MORE (R-Ala.) on spending caps, a Sen. Kay Bailey Hutchison (R-Texas) on nuclear loan guarantees, a Sen. John McCainJohn McCainOvernight Cybersecurity: Obama commutes Chelsea Manning's sentence | A malware mystery Overnight Defense: Obama commutes Manning's sentence | Boeing sees 'progress' on Air Force One costs | McCain's 0B defense budget McCain: Leak of Trump dossier ‘totally wrong’ MORE (R-Ariz.) on border security and a Sen. Jon Kyl (R-Ariz) amendment on the estate tax. 

"Those amendments have nothing to do with the bill," Reid said. "Let's be serious, this is an effort to stall and not do this bill." 

Senate Republicans requested four GOP amendments and four Democratic side-by-side amendments but the request was denied, according to a senior Republican aide. 

Reid said Democrats were planning to offer amendments on Medicaid funding to states, paying for a $3.4 billion settlement in an Indian trust case that has been ongoing in a Washington court for more than 10 years, education funding for teachers, the larger tax extenders bill that hasn't been able to pass the Senate and a side-by-side to the Johanns amendment. 

"Both sides are piling on here," McConnell said. 

While the bill had broad bipartisan support it now has "substantial opposition" and "we have to figure out how to get the bill passed in a form agreeable to the Senate," McConnell said. 

Senate Small Business Chairman Mary LandrieuMary LandrieuFive unanswered questions after Trump's upset victory Pavlich: O’Keefe a true journalist Trump’s implosion could cost GOP in Louisiana Senate race MORE (D-La.) said passage of an amendment to add a $30 lending fund to the bill showed there is enough support for the measure. 

"We got 60 votes so, like, we won," said. 

Both sides agreed to continue talks on the bill in an effort to reach an agreement before the Senate leaves at the end of next week for the August recess.