Treasury Trend Setter
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Treasury Trend Setter
No Result
View All Result
Home Editor's Pick

Several provisions fail to pass muster with Senate rules in ‘big, beautiful bill’

admin by admin
June 21, 2025
in Editor's Pick
0
Several provisions fail to pass muster with Senate rules in ‘big, beautiful bill’
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Several provisions in the Senate GOP’s version of President Donald Trump’s ‘big, beautiful bill’ have run afoul of Senate rules and must be stripped if Republicans want to pass the package without the help of Democrats.

The bill is undergoing what’s called a ‘Byrd Bath,’ when the parliamentarian meticulously combs through each section of the mammoth bill to determine whether policies comport with the Senate’s Byrd Rule.

The point of the budget reconciliation process is to skirt the Senate filibuster and pass a massive, partisan legislative package. But if provisions are left in that fail the test, Senate Republicans will have to meet the typical 60-vote threshold. Provisions that don’t pass muster can still be appealed, however.

Senate Democrats vowed to use the Byrd Bath as a cudgel against the Senate GOP to inflict as much pain as possible and slow momentum as Republicans rush to put the colossal bill on Trump’s desk by July 4. 

Senate Majority Leader John Thune, R-S.D., could also overrule the parliamentarian but has remained adamant he would not attempt such a move. 

Senate Parliamentarian Elizabeth MacDonough scrutinized three chunks of the megabill from the Senate Banking, Environment and Public Works and Armed Services committees and found numerous policies that failed to meet the Byrd Rule’s requirements.

Among those was a provision that would have eliminated funding for a target of the GOP’s since its inception in 2008, the Consumer Financial Protection Bureau, which would have effectively eliminated the agency. Doing so also would have slashed $6.4 billion in spending.

Senate Banking Committee Chair Tim Scott, R-S.C., said in a statement he would ‘remain committed to cutting wasteful spending at the CFPB and will continue working with the Senate parliamentarian on the Committee’s provisions.’

Attempts to put guardrails on the $150 billion in Defense Department funding baked into the package also failed to pass muster. The language would have required that Pentagon officials outline how the money would be spent by a certain deadline or see the funding reduced.

Other provisions on the chopping block include language that cut $300 million from the Financial Research Fund and cut jobs and move the Public Company Accounting Oversight Board under the umbrella of the Securities and Exchange Commission, which would have saved roughly $773 million.

An attempt to change the pay schedule for Federal Reserve employees was also nixed, which would have saved about $1.4 billion.

Environmental standards and regulations set by the Biden-era Inflation Reduction Act were also determined to have run afoul of the Byrd Rule, including a repeal of tailpipe emissions standards for vehicles with a model year of 2027 and later. 

This post appeared first on FOX NEWS

Previous Post

Coelacanth Energy

Next Post

‘She’s wrong’: Trump says Tulsi Gabbard incorrect about Iran not having nuclear weapon capabilities

Next Post
‘She’s wrong’: Trump says Tulsi Gabbard incorrect about Iran not having nuclear weapon capabilities

‘She’s wrong’: Trump says Tulsi Gabbard incorrect about Iran not having nuclear weapon capabilities

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • Trending
    • Comments
    • Latest
    Walker Lane Resources Announces Terms for Private Placement Units to Raise C$1,320,000

    Walker Lane Resources Announces Terms for Private Placement Units to Raise C$1,320,000

    June 10, 2025
    WATCH: GOP senators rail against staggering $4.7 trillion in untraceable Treasury payments

    WATCH: GOP senators rail against staggering $4.7 trillion in untraceable Treasury payments

    May 25, 2025
    Stock Market News UK Update: FTSE 100 & 250 Rise

    Stock Market News UK Update: FTSE 100 & 250 Rise

    April 18, 2025
    Stock Market News UK Update: FTSE 100 & 250 Rise

    Stock Market News UK Update: FTSE 100 & 250 Rise

    April 18, 2025
    ‘It’s a scary time to be here right now’: Americans stuck in Israel are desperate to get out

    ‘It’s a scary time to be here right now’: Americans stuck in Israel are desperate to get out

    0
    Stock Market News UK Update: FTSE 100 & 250 Rise

    Stock Market News UK Update: FTSE 100 & 250 Rise

    0
    Stock Market News UK Update: FTSE 100 & 250 Rise

    Stock Market News UK Update: FTSE 100 & 250 Rise

    0
    Stock Market News UK Update: FTSE 100 & 250 Rise

    Stock Market News UK Update: FTSE 100 & 250 Rise

    0
    ‘It’s a scary time to be here right now’: Americans stuck in Israel are desperate to get out

    ‘It’s a scary time to be here right now’: Americans stuck in Israel are desperate to get out

    June 22, 2025
    Belarus frees key opposition figure Sergey Tikhanovsky following rare visit from top US envoy

    Belarus frees key opposition figure Sergey Tikhanovsky following rare visit from top US envoy

    June 22, 2025
    Negotiations are ‘meaningless’ unless Israel stops attacks, Iran government spokesperson tells CNN

    Negotiations are ‘meaningless’ unless Israel stops attacks, Iran government spokesperson tells CNN

    June 22, 2025
    A celebrity draft-dodging scandal lays bare problems with Taiwan’s crucial reservist force

    A celebrity draft-dodging scandal lays bare problems with Taiwan’s crucial reservist force

    June 22, 2025

    Top News

    ‘It’s a scary time to be here right now’: Americans stuck in Israel are desperate to get out

    ‘It’s a scary time to be here right now’: Americans stuck in Israel are desperate to get out

    June 22, 2025
    Belarus frees key opposition figure Sergey Tikhanovsky following rare visit from top US envoy

    Belarus frees key opposition figure Sergey Tikhanovsky following rare visit from top US envoy

    June 22, 2025

    Latest News

    • ‘It’s a scary time to be here right now’: Americans stuck in Israel are desperate to get out
    • Belarus frees key opposition figure Sergey Tikhanovsky following rare visit from top US envoy
    • Negotiations are ‘meaningless’ unless Israel stops attacks, Iran government spokesperson tells CNN

    About Treasury Trendsetter

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 treasurytrendsetter.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2025 treasurytrendsetter.com | All Rights Reserved