Government Funding Extended to Dec. 20

October 1, 2024

As we previewed last week, the House and Senate passed a continuing resolution (CR) on Sept. 25 to keep the government funded through Dec. 20. The CR also includes temporary extensions for key programs, including the National Flood Insurance Program (NFIP).

Why it matters: Lawmakers avoided an embarrassing government shutdown close to an election and will have a chance to shape funding after November when lawmakers will (hopefully) know who will be in power in 2025.

By the numbers: Once again, Speaker Mike Johnson (R-LA) relied on Democratic votes to pass the CR 341-82, with only GOP opposition.

  • However, a majority of the House Republican Conference ended up supporting the bill.
  • In the Senate, the bill did not face delay tactics from individual senators before passing 78-18.
  • Notably, Sen. Ted Cruz (R-TX), a previous instigator of shutdowns and delay tactics, voted for the CR. Cruz faces a close re-election race.

Contact David McCarthy (dmccarthy@crefc.org) with questions. 

Contact  

David McCarthy
Managing Director, Chief Lobbyist, 
Head of Legislative Affairs
202.448.0855
dmccarthy@crefc.org
The information provided herein is general in nature and for educational purposes only. CRE Finance Council makes no representations as to the accuracy, completeness, timeliness, validity, usefulness, or suitability of the information provided. The information should not be relied upon or interpreted as legal, financial, tax, accounting, investment, commercial or other advice, and CRE Finance Council disclaims all liability for any such reliance. © 2024 CRE Finance Council. All rights reserved.

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