House Majority Leader Steny H. Hoyer offered up the first hint of a timeline for congressional action on a bill to aid the struggling economy, saying Friday he expects a bailout bill to be on the House floor "early next week."
"The House will act quickly on this proposal — I expect to bring it to the floor early next week," Hoyer said in a statement.
“Democrats intend to work with the administration to ensure that this proposal focuses on strengthening the economy and restoring confidence in the markets for the benefit of all Americans. Our priority will be to protect taxpayers on Main Street, not reward bad decisions made on Wall Street."
As of 4 p.m. Friday, lawmakers had yet to receive any legislative language from the administration on a bailout proposal.
Hoyer also dropped a not-so-subtle hint that House Democrats would continue to push for some form of a second economic stimulus package.
“We will also look to enact other measures to help the economy recover and assist those who have been hit hardest by this crisis," he said.