Pelosi, Dem rebels near deal on term limits for party leaders

House Minority Leader Nancy PelosiNancy PelosiDemocrats plow ahead with Jan. 6 probe, eyeing new GOP reinforcements GOP's Banks burnishes brand with Pelosi veto Meghan McCain on Pelosi, McCarthy fight: 'I think they're all bad' MORE (D-Calif.) is closing in on a deal with some of her fiercest Democratic critics to support term limits for party leaders — a move that would likely pave the way for her to clinch the Speaker’s gavel in January.

The tentative agreement, which was first reported by Politico on Tuesday night, would involve Pelosi publicly supporting a caucus rule to impose a three-term limit on the top three members of Democratic leadership, according to sources familiar with the matter. The deal was about “98 percent” of the way done, one source added.

"There are various conversations going on about a path forward," an aide for Pelosi said. "Progress has been made and the conversations are constructive because all involved care about the institution of the House of Representatives."

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Under the proposal, if leaders want to run for a fourth term, they would need the support of two-thirds of the Democratic conference — a much higher threshold than the simple majority currently required in conference.

The term limits would also apply retroactively, meaning Pelosi, House Minority Whip Steny HoyerSteny Hamilton HoyerDemocrats warn leadership against excluding House from infrastructure talks Ethics panel upholds 0 mask fines against Greene, other GOP lawmakers Bipartisan antitrust leaders urge FTC to pursue Facebook case MORE (D-Md.), and Assistant Democratic Leader James Clyburn (S.C.) would all be term-limited after 2020, unless they ran for another leadership post or sought a fourth term.

Such a dramatic rule change would have to win approval from the conference, but under the tentative deal, Pelosi would agree to apply the term limits to herself regardless. That means the latest Pelosi can stay on as Speaker is 2022, if she is able to secure a fourth term.

The agreement is expected to win over at least five Democratic holdouts: Rep. Seth MoultonSeth MoultonOvernight Defense: Senate panel adds B to Biden's defense budget | House passes bill to streamline visa process for Afghans who helped US | Pentagon confirms 7 Colombians arrested in Haiti leader's killing had US training Business, labor groups teaming in high-speed rail push Here's what Congress is reading at the beach this summer MORE (Mass.), one of the ringleaders who organized a conference call Tuesday morning to talk about the tentative agreement; Rep. Linda Sánchez (Calif.), a member of leadership; Rep. Ed PerlmutterEdwin (Ed) George PerlmutterHouse GOP campaign arm hits vulnerable Democrats on inflation in July 4 ad campaign Democrats urge Biden to take executive action on assault-style firearms Colorado governor, spouse test positive for COVID-19 MORE (Colo.); Rep. Bill FosterGeorge (Bill) William FosterWe must address the declining rate of startup business launches Republicans seek vindication amid reemergence of Wuhan lab theory Overnight Health Care: White House pushes for independent investigation on COVID-19 origins | Former Trump FDA chief cites growing circumstantial evidence on lab theory | US advises against traveling to Japan ahead of Olympics MORE (Ill.); and Rep. Filemon VelaFilemon Bartolome VelaDemocrats confront difficult prospects for midterms The Hill's Morning Report - Biden's next act: Massive infrastructure plan with tax hikes These House lawmakers aren't seeking reelection in 2022 MORE (Texas).

The detractors had been demanding generational change in the leadership ranks and insisted that Pelosi publicly commit to when she plans to step down as Speaker, but the longtime Democratic leader refused to “lame duck” herself by naming her end-date. The emerging deal appears to be a compromise between the two sides.

But there was already fierce pushback — including from Pelosi’s top deputies and some members of the powerful Congressional Black Caucus — to the idea of term limits as early reports about the deal started to surface on Monday and Tuesday.

“She’s not negotiating for me,” Hoyer, the No. 2 House Democrat, said tersely during a press briefing in the Capitol.

Mike Lillis contributed.