diff --git a/src/LedgerConsensus.cpp b/src/LedgerConsensus.cpp
index e31462d63a..25a7953571 100644
--- a/src/LedgerConsensus.cpp
+++ b/src/LedgerConsensus.cpp
@@ -87,6 +87,28 @@ bool TransactionAcquire::takeNodes(const std::list<SHAMapNode>& nodeIDs,
 	return true;
 }
 
+LedgerConsensus::LedgerConsensus(Ledger::pointer previousLedger)
+	:  mState(lcsPRE_CLOSE), mPreviousLedger(previousLedger)
+{
+}
+
+void LedgerConsensus::closeTime(Ledger::pointer& current)
+{
+	if (mState != lcsPRE_CLOSE)
+	{
+		assert(false);
+		return;
+	}
+	CKey::pointer nodePrivKey = boost::make_shared<CKey>();
+	nodePrivKey->MakeNewKey(); // FIXME
+
+	current->updateHash();
+	uint256 txSet = current->getTransHash();
+	mOurPosition = boost::make_shared<LedgerProposal>(nodePrivKey, current->getParentHash(), txSet);
+	mComplete[txSet] = current->peekTransactionMap()->snapShot();
+	// WRITME: Broadcast an IHAVE for this set
+}
+
 void LedgerConsensus::abort()
 {
 }
diff --git a/src/LedgerConsensus.h b/src/LedgerConsensus.h
index 8b31f84bab..e1b58db0fc 100644
--- a/src/LedgerConsensus.h
+++ b/src/LedgerConsensus.h
@@ -64,13 +64,20 @@ public:
 	bool updatePosition(int timePassed);
 };
 
+enum LCState
+{
+	lcsPRE_CLOSE,		// We haven't closed our ledger yet, but others might have
+	lcsESTABLISH,		// Establishing consensus
+	lcsCUTOFF,			// Past the cutoff for consensus
+	lcsFINSHED,			// We have closed on a transaction set
+	lcsACCEPTED,		// We have accepted/validated a new last closed ledger
+};
 
 class LedgerConsensus
 {
 protected:
-	Ledger::pointer mPreviousLedger, mCurrentLedger;
-	LedgerProposal::pointer mCurrentProposal;
-
+	LCState mState;
+	Ledger::pointer mPreviousLedger;
 	LedgerProposal::pointer mOurPosition;
 
 	// Convergence tracking, trusted peers indexed by hash of public key
@@ -91,13 +98,12 @@ protected:
 	void removePosition(LedgerProposal&);
 
 public:
-	LedgerConsensus(Ledger::pointer previousLedger, Ledger::pointer currentLedger) :
-		mPreviousLedger(previousLedger), mCurrentLedger(currentLedger) { ; }
+	LedgerConsensus(Ledger::pointer previousLedger);
+	void closeTime(Ledger::pointer& currentLedger);
 
 	int startup();
 
 	Ledger::pointer peekPreviousLedger()	{ return mPreviousLedger; }
-	Ledger::pointer peekCurrentLedger()		{ return mCurrentLedger; }
 
 	SHAMap::pointer getTransactionTree(const uint256& hash, bool doAcquire);
 	TransactionAcquire::pointer getAcquiring(const uint256& hash);
diff --git a/src/NetworkOPs.cpp b/src/NetworkOPs.cpp
index cabe7de699..0dc660fff4 100644
--- a/src/NetworkOPs.cpp
+++ b/src/NetworkOPs.cpp
@@ -368,7 +368,8 @@ int NetworkOPs::beginConsensus(Ledger::pointer closingLedger)
 
 	// Create a consensus object to get consensus on this ledger
 	if (!!mConsensus) mConsensus->abort();
-	mConsensus = boost::make_shared<LedgerConsensus>(prevLedger, closingLedger);
+	mConsensus = boost::make_shared<LedgerConsensus>(prevLedger);
+	mConsensus->closeTime(closingLedger); // FIXME: Create consensus a few seconds before close time
 
 #ifdef DEBUG
 	std::cerr << "Broadcasting ledger close" << std::endl;