The U.S. Senate moved closer to passing a $550 billion infrastructure package after a drawn-out debate that pushed action into this week and left the status of several proposed changes unsettled.
Senate Majority Leader
On Sunday, 18 Republicans joined with all 50 senators who caucus with Democrats to limit debate on the bill, an indication of bipartisan support for passage.
Once the infrastructure bill gets a vote, Schumer plans to turn quickly to passing a budget resolution that will set the stage for Democrats to pass the remainder of President
Schumer said the public works measure “will represent a substantial down payment toward the level of infrastructure our country needs, and for the first time, the Senate has come together around such a package in decades.”
Several proposed amendments to the infrastructure legislation -- including one sought by industry to alter language in the bill imposing new tax rules on cryptocurrency transactions -- were left in limbo with no immediate path to a vote unless all 100 senators agree.
A bipartisan group of senators
But Senate Finance Committee Chairman
The last-minute frenzy to reach a deal on cryptocurrency may prove fruitless if the senators are unable to get the amendment called up for a vote.
If a compromise can’t be reached or an amendment doesn’t get a vote, the original language would remain. The provision has been criticized by cryptocurrency investors and
The Senate was initially scheduled to leave Washington for its August recess last week, but it will remain in session for several more days while lawmakers finish work on the infrastructure bill and then turn to the $3.5 trillion budget resolution.
The infrastructure bill includes:
- $110 billion in new spending for roads and bridges
- $73 billion for electric grid upgrades
- $66 billion for rail and Amtrak
- $65 billion for broadband expansion
- $55 billion for clean drinking water
- $39 billion for transit
The legislation still faces challenges in the House, where Democrats can afford only three defectors if Republicans vote in unison against it.
Six House moderates on Monday wrote to Pelosi urging her to allow a quicker House passage of the $550 billion measure as a stand-alone bill once the Senate completes its work, and not wait to October or even November for the upper chamber to send over the second bill.
(Updates with Schumer comments, new developments beginning in second paragraph)
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