Bill S.4355 titled “A bill to amend the Internal Revenue Code of 1986 to create a carbon border adjustment based on carbon intensity, and for other purposes” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Sen. Sheldon Whitehouse with Christopher Coons, Martin Heinrich, Brian Schatz as cosponsors.
Bill S.4356 titled “A bill to provide for responsible financial innovation and to bring digital assets within the regulatory perimeter” was read twice and referred to the Committee on Finance by the Senate. The bill is sponsored by Sen. Cynthia Lummis with Kirsten Gillibrand as cosponsor.
The Finance Committee moves forward in some way on one bill per day.
Most bills have a hearing where those involved explain why they are for or against the bill. Roughly 8,000 bills are addressed by committees each year but only about 800 make it to the floor of Congress, according to ushistory.org.
A 2019 report from the Brookings Institute argued committees aren’t capable of delving fully into the issues they address and are forced to rely on lobbyists.
| Bill Name | Sponsor | Action |
|---|---|---|
| A bill to amend the Internal Revenue Code of 1986 to create a carbon border adjustment based on carbon intensity, and for other purposes. | Sen. Whitehouse, Sheldon | Senate |
| A bill to provide for responsible financial innovation and to bring digital assets within the regulatory perimeter. | Sen. Lummis, Cynthia M. | Senate |
