Complex sentence: SOPA sponsor Lamar Smith has postponed his committee's hearing of the bill, and Senate Majority Leader Harry Reid has postponed planned January 24 vote on PIPA has been postponed, but each indicated that work would press forward in refining the bills.
Split into simpler sentences: SOPA sponsor Lamar Smith postponed his committee's hearing of the bill, and Senate Majority Leader Harry Reid postponed a planned January 24 vote on PIPA. But each indicated that work would press forward in refining the bills.