Sen. Jim DeMint, a first-term reform Republican from South Carolina, will propose a no-loopholes one-year moratorium on earmarks as a budget amendment. McCain has announced his support for the DeMint amendment and will co-sponsor it. DeMint wants to coordinate McCain's visits from the campaign trail to the Senate floor so the candidate can be there to speak for and vote for the moratorium.
Speaker Nancy Pelosi is saying she might support a moratorium as well. Unfortunately, I've heard it will contain loopholes so big as to render the whole thing meaningless. Let's see if Paul Hodes supports real earmark reform or the Pelosi Loophole.