The Senate today cleared the way for passage of a minimum wage bill that could impose new limits on use of non-qualified deferred compensation plans.
Members of the Senate voted 87-10 to limit debate on amendments to the bill, H.R. 2.
The vote is important because, in the Senate, opponents of a bill can block consideration simply by threatening to engage in a filibuster, or endless debate against the bill. Opponents of a bill need only 40 votes to organize a filibuster.