Backers of H.R. 5297, the Small Business Jobs Act bill, today had trouble getting the bill to the Senate floor.
Members of the Senate voted 58-42 to reject a motion for cloture.
Supporters of a bill need 60 votes in the Senate to prevent a filibuster, or endless round of debate by bill opponents, and allow the bill to come up for a vote.
H.R. 5297 focuses mainly on efforts to create jobs by reviving expiring tax cuts. The bill also includes a provision long sought by the life insurance industry that would simplify the rules dealing with partial withdrawal of funds contained in an annuity contract.