When the House and Senate Pass a Bill with Different

question 5

Multiple Choice

When the House and Senate pass a bill with different language in each version,

• A) the bill will die because further action cannot occur until the two agree.
• B) the bill will go to a House-Senate conference committee.
• C) one chamber will have to accept the language of the other.
• D) the governor will indicate a preference for one chamber's bill.

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Definitions:

Technical Default

A failure to meet some specific terms of a loan agreement, lease, or another contract, other than the failure to make payments as and when they fall due.

Interest Payments

Payments made by a borrower to a lender, consisting of the cost of borrowing money over a period of time.

Principal Payments

Payments made towards the original amount borrowed in a loan, excluding interest payments, thereby reducing the outstanding principal balance.

Covenant Compliance

Refers to a borrower's adherence to the conditions set forth in loan agreements with lenders.