Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

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

by June 21, 2025
June 21, 2025
Several provisions fail to pass muster with Senate rules in ‘big, beautiful bill’

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
0
FacebookTwitterGoogle +Pinterest
previous post
‘She’s wrong’: Trump says Tulsi Gabbard incorrect about Iran not having nuclear weapon capabilities
next post
State Department says it has provided guidance to more than 25,000 people in Israel, West Bank and Iran

You may also like

House speaker breakthrough: McCarthy picks up 14 GOP...

January 6, 2023

Joe Biden on Kamala Harris: “She’s Smart as...

October 23, 2022

Turkish lawmaker who suffered heart attack after saying...

December 15, 2023

Trump to sign memo lifting Biden’s last-minute collective...

January 31, 2025

‘Definitely worth it’: Trump supporters share their Inauguration...

January 21, 2025

Trump, Harris dead even in battleground Michigan 6...

October 30, 2024

HHS axes more than $300M in gender, DEI-related...

March 28, 2025

TIMELINE: Inside the evolving relationship between Trump and...

June 7, 2025

DAVID MARCUS: Triumphant Trump at Notre Dame signals...

December 7, 2024

The White House: A historical look inside America’s...

January 13, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

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

    Recent Posts

    • Here’s What’s Fueling the Moves in Bitcoin, Gaming, and Metals

      July 12, 2025
    • Inside longtime Biden aide’s marathon closed-door grilling in House GOP cover-up probe

      July 12, 2025
    • David Gergen, trusted White House advisor to 4 US presidents across decades, dies at 83

      July 11, 2025
    • 3 Stocks Seasoned Investors Should Watch

      July 11, 2025
    • What Happens Next for the S&P 500? Pick Your Path!

      July 11, 2025
    • The First Amendment Protects Ideologically Based Ad Boycotts

      July 11, 2025

    Categories

    • Business (8,454)
    • Investing (2,118)
    • Politics (16,011)
    • Stocks (3,205)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved