Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

US House of Reps to decide on infrastructure bill this week

Published 09/28/2021, 01:39 AM
US House of Reps to decide on infrastructure bill this week

Nancy Pelosi, speaker of the United States House of Representatives, has revealed that the house will vote on the controversial $1 trillion bipartisan infrastructure bill on Thursday, Sept. 30.

[On] September 27, we will begin debate on the Bipartisan Infrastructure Framework on the Floor of the House and vote on it on Thursday, September 30.

Pelosi also pointed out that the vote will take place the day before the Surface Transportation Reauthorization Act of 2021 is set to expire.

The original version of the legislation passed through the Senate with bipartisan support on Aug. 10. It may enforce stringent counterparty reporting from decentralized network validators, and software developers, who do not have the necessary information to comply.

Although some pro-crypto Senators sought to introduce an amendment seeking to exempt validators, developers and node operators from the law, the singular objection of Alabama Senator Richard Shelby stopped the amendment from being added to the legislation, much to the displeasure of the crypto community.

Some lawmakers are also opposing the infrastructure bill, believing it should be held back until negotiations have ended regarding the follow-up $3.5 trillion social welfare and climate bill.

Since the price of the second bill seems disturbing to some Democrats, Pelosi opined that it is quite obvious that the scope of the bill could be reduced. She said:

We are now working together with the Senate and the White House on changes to this historic legislation… [$3.5 trillion] was the number that was sent to us by the Senate and by the president. Obviously with negotiation, there has to be some changes in that the sooner the better, so that we can build our consensus to go forward.
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Continue reading on BTC Peers

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.