Congress will spend the next week bouncing bills between the House and Senate in hopes of sending a stack of legislation to President Obama’s desk by the Memorial Day recess.

The Senate will start with completing work on a bill that would impose new regulations on the credit card industry. The chamber is expected to hold a cloture vote Tuesday on a substitute amendment by Christopher Dodd (D-Connecticut).  A final passage vote is expected afterward. The legislation would prohibit companies from raising rates during an account’s first year and restrict the companies from charging interest on balances from more than one billing cycle.

The Senate will then work on their version of the House-passed fiscal 2009 supplemental spending bill (HR 2346). Democratic lawmakers have set a goal of clearing the bill by the week’s end. Their version would provide $91.3 billion in fiscal 2009 spending and give the Defense Department control over $400 million in counterinsurgency aid to Pakistan. Those funds would be transferred to the State Department in fiscal 2010. The bill would also provide $80 million to close the Guantanamo Bay, Cuba, detention facility, contingent on certain conditions.

The House is expected to delve into a bill (HR2200) that would authorize $15.6 billion for the Transportation Security Administration for fiscal 2010 and 2011. The legislation would also create a surface transportation advisory council and require assessments of the effectiveness of technologies to improve tunnel and rail security.

Then they will take up a measure that would reauthorize Small Business Administration entrepreneurial development programs. The bill (HR 2352) would create a new small-business assistance program for veterans and authorize the creation of a distance-learning program and online networking forum for entrepreneurs.

The chamber is then expected to amend a Senate-passed bill that would expand protections to homeowners threatened by foreclosure and ease the application and eligibility requirements for the Hope for Homeowners program. It would also increase the Federal Deposit Insurance Corporation and National Credit Union Administration deposit insurance coverage on individual bank accounts to $250,000 until 2013.