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Congressional Updates

July 28, 2022 7:21 AM | Anonymous

In the coming days, the Senate could take up President Biden’s Build Back Better bill. Initially proposed at $3.5 trillion in spending and later passed by the House with a $1.9 trillion price tag, the version of the Democrats-only budget reconciliation bill being prepared for Senate action is expected to only address prescription drug price negotiations (saving $280+ billion) and a two-year extension of Affordable Care Act premium subsidies. Gone, for now at least, are environmental programs, child-care subsidies and tax credits, and hundreds of other policy priorities originally attached or intended for these two bills. Congress will recess on August 6 and reconvene on September 6. 

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