This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Governor Haslam Rejects Proposed Compromise To Voucher Legislation

Legislation for proposed education voucher program withdrawn in Senate Education Committee

NASHVILLE, Tenn., April 3, 2013 /PRNewswire-USNewswire/ -- Momentum for educational choice in the state of Tennessee received a setback today when Senate Republicans granted concessions in amending Gov. Haslam's voucher proposal but were denied the opportunity to have them considered at today's Senate Education Committee hearing. 

State Sen. Mark Norris (R- Collierville), the sponsor of the bill, abruptly withdrew the bill before it could even receive a fair hearing by the committee.

Senate Republicans on the committee were willing to reach a compromise with the Governor and Senator Norris. 

The new amendment incorporated Gov. Haslam's cap on the maximum number of participants in the program. It also retained Gov. Haslam's recommendation that the income level of eligible families remain at free and reduced lunch. The proposed amendment sought only to revise a provision that would have limited the program primarily to Memphis and Shelby County students. Instead it gave students in the lowest-performing public schools priority access to the vouchers.

The amendment was brought in response to testimony and feedback from national experts, who advised against restricting the program to low-performing schools, citing experience in states with similar programs. It is projected that the original bill would have only served several hundred children at its start.

"We are disappointed that a compromise that contained only one change to the underlying legislation was not sufficient middle ground," said Kimberly Kump, spokesperson for the Tennessee Federation for Children. "It is important to be flexible during the political process and a sad commentary when it is low-income families in our state that are hurt the most." 

Tennessee Federation for Children will continue to work with Governor Haslam and lawmakers to ensure a robust parental choice program for the state of Tennessee is enacted this session.  


1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs