Updated bill text was published as of Preprint (Rule). Heres what you need to know about the MORE Act: First and foremost, this bill decriminalizes marijuana. This involved Congress suspending the debt ceiling until a specified date, which it did six times from 2013 through 2019. fiscally responsible piece of legislation, created statutory deficit limits and a statutory mechanism to enforce the limits, extracted spending cuts from Democrats and the Obama administration, tens of billions of dollars for emergencies, compel Republicans and Democrats to work together, overhaul and improve the Congressional budget process, report on all projects that are $1 billion over budget, five years behind schedule, or both, encourages transparency and accuracy in accounting, provide Congress with unfunded priorities lists, not be funding generous pensions for former presidents, Members of Congress are not paid on the taxpayers dime, address Congress once per year on the nations budgetary and financial health. The MORE Act was passed last year in the House as well, but failed to gain any traction in the Senate. In the Senate, 28 Republicans and 46 Democrats voted for the BCA. Many are worried that neither the MORE or CAOA Act will pass the Senate. Consumers, businesses, and taxpayers in the U.S. and around the world lose. In addition, Senators Schumer, Booker, and Wyden plan to introduce a similar marijuana bill for debate. Axios reported in September that some Republicans who vote for the bill may not reveal their intentions before they actually vote. (113 Democrats, 1 Republican), Cicilline Urges House to Pass Marijuana Reform On the contrary, Democratic senators in support of the MORE Act are pushing to introduce legislation before recess in August. Because you are a member of panel, your positions on legislation and notes below will be shared with the panel administrators. MANAGERS: Perlmutter/Fischbach 1. If you teach United States government and would like to speak with us about bringing legislative data into your classroom, please reach out! Proposals to balance the federal budget within 10 years may be exciting to some lawmakers and budget policy organizations, but the consistent political sacrifices required to achieve balance in such a short time render such proposals unworkable in practice. The ideal solution, in our view, is an increase in the debt ceiling paired with significant spending, fiscal, and budget reforms. On Friday, the U.S. House of Representatives passed the Marijuana Opportunity Reinvestment and Expungement Act in a 220-204 vote. The consequences for American families, businesses, and taxpayers are too great. Grassley and Sanders would cut one percent of the Pentagons budget and send it to the Treasury Department for deficit reduction if DoD fails to pass an audit. On Passage of the Bill in the Senate. According to senator Ron Wyden, it's for the bill to be produced well before the August recess to continue building momentum for cannabis reform.. House Budget Chair Jodey Arrington (R-TX) introduced legislation in the 117th Congress that would reinstall discretionary spending caps. The Marijuana Opportunity Reinvestment and Expungement (MORE) Act passed by a 220-204 vote on April 1. The 2021 tentative schedule is still available. Mike Braun (R-IN) and Joe Manchin (D-WV): This bipartisan bill would make sure Members of Congress are not paid on the taxpayers dime when they have failed the most basic responsibility of governing: passing an annual budget. While Congress should not threaten the full faith and credit of the U.S. government nor risk the economic and financial consequences of waiting to increase or suspend the debt ceiling until its too late, there is also a long, bipartisan history of attaching debt ceiling increases or suspensions to legislation that includes other fiscal, spending, or policy reforms. The MORE Act, with its focus on racial equity, is an important step toward repairing these and other harms caused by marijuana prohibition at the federal level. But 25 Republicans who had recently supported the exact same bill switched their votes last Wednesday, less than an hour after Senate Majority Leader Charles E. Schumer (D-N.Y.) and Sen. Joe. The bill will head to President Joe Biden's desk to be signed into law, which is expected to happen soon. Recent reporting indicates that House Republicans may, in the short term, pursue a short-term suspension of the debt ceiling that aligns a new potential deadline with the end of fiscal year (FY) 2023 on September 30, to "create more pressure for a deal that cuts spending. Both parties are therefore responsible for solutions to our nations unhealthy debt and deficit levels. 8. A committee held a hearing or business meeting about the bill. |accessdate=March 1, 2023 Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Compared to its May baseline, deficits are projected to be a whopping $3.1 trillion (19.5 percent) larger over the next 10 years (fiscal years 2023-32), $18.9 trillion instead of $15.8 trillion. Closed rule for H.R. Joni Ernst (R-IA) and Gary Peters (D-MI), and Rep. Mike Gallagher (R-WI) and former Rep. Jackie Speier (D-CA): This legislation would require federal agencies to report on all projects that are $1 billion over budget, five years behind schedule, or both. However, there are also significant negative consequences for American families, businesses, and taxpayers in allowing America to continue on its unsustainable fiscal trajectory. March 1, 2023 . Contrary to the fear-mongering of some stakeholders, the TRUST Act would not put Social Security and Medicare benefits on the chopping block. Instead, the legislation would compel Republicans and Democrats to work together on long-term fixes to the programs that would prevent across-the-board cuts to Social Security benefits or Medicare payments in 2035 and 2028, respectively. Only about 1 in 4 bills are reported out of committee. 5. The bill, dubbed the MORE Act, was passed mostly . The House Judiciary Committee passed the bill last September (2021). The excise tax would be based on the product's sale price and start at a base level of 5% for the first two years. There are numerous incentives in the legislation for Congress to stay in Washington and complete action on spending bills, including a ban on taxpayer-funded travel and limitations on non-spending legislation or Congressional business lawmakers can do until a spending deal is reached. H.R. The Preventing Improper Payments Act from Reps. Blake Moore (R-UT) and Abigail Spanberger (D-VA): This bipartisan bill would automatically designate all federal programs making more than $100 million in payments per year as susceptible to significant improper payments in the programs first three years, subjecting the program to enhanced reporting requirements that could better protect taxpayer dollars from being diverted to fraudulent or wasteful purposes. https://www.marijuanamoment.net/house-begins-final-debate-on-federal-marijuana-legalization-bill-with-floor-vote-imminent/, 3.) 1. Lee Michael Zeldin (born January 30, 1980) is an American attorney, politician, and officer in the United States Army Reserve.A member of the Republican Party, he represented New York's 1st congressional district in the United States House of Representatives from 2015 to 2023. {{cite web This kind of transparency and straightforward reporting is essential for both lawmakers and taxpayers to figure out what federal projects are working and what projects are not. We hope to enable educators to build lesson plans centered around any bill or vote in Congress, even those as recent as yesterday. Get the world's top human rights news, straight to your inbox. Helps Pass Bill to Decriminalize Marijuana, house approves Lamb amendment calling for improved workplace safety and protections for kids in more act. Thank you for joining the GovTrack Advisory Community! Some Members of Congress primarily Republicans and some Democrats argue that the nations fiscal and spending trajectories are unhealthy and unsustainable, and that Congress needs to cut spending. Given the balance of power in Washington, these reforms would need to both win bipartisan support and be realistic enough for lawmakers to stick with in the years ahead. 11. 3617. The debt ceiling has been increased or suspended eight times since 2011: three times under President Obama (twice in 2013, and once in 2015), three times under President Trump (2017, 2018, and 2019), and twice under President Biden (both in 2021). A novelty introduced in 2013, what the nonpartisan Congressional Research Service calls a procedural innovation, was the suspension of the debt ceiling. In 2010, the widely bipartisan Simpson-Bowles commission called for establish[ing] a disaster fund to budget honestly for catastrophes. The commission recommended explicitly set[ting] aside funds for disaster relief and establish[ing] stricter parameters for the use of these funds. They also recommended enhancing transparency and public reporting on the use of emergency funds throughout the federal government. If youve visited a bill page on GovTrack.us recently, you may have noticed a new study guide tab located just below the bill title. Such across-the-board cuts would be catastrophic, and Congress needs to address the programs impending insolvency well before those dates. Social Media Child Protection Act would ban children younger than 16 from platforms like TikTok, REAL House Act, Equal Voice Act would each increase number of House of Representatives members, Standing with Moms Act would create Life.gov website of anti-abortion information for pregnant, Cicilline Urges House to Pass Marijuana Reform, Rep. Payne, Jr. 9. Rising U.S. debt may eventually cause purchasers of that debt to doubt the full faith and credit of the U.S. government, with S&Ps downgrade serving as the primary example of such doubts. Revenue will only be $0.9 trillion (1.6 percent) higher than projected in May, adding to deficits in the 10-year window (see chart above). Despite the enactment of the BCA on August 2, 2011, one of the three major credit rating agencies, Standard & Poors (S&P), gave the U.S. government its first ever credit downgrade on August 5, 2011. Such an address would put fiscal issues front and center in the halls of Congress at least once per year, and would hopefully interest more Americans in the nations fiscal health as well. The bill also makes other profound changes, including the following: In February, Senate Majority Leader Chuck Schumer (D-NY) also explained in a press conference and in a letter to colleagues the details of his own bill to federally legalize cannabis. COMMITTEE ACTION: Copyright 2023 Market Realist. September 22, 2022 4:37 pm WASHINGTON, DC - SEPTEMBER 29: Sen. Sheldon Whitehouse, (D-RI) attends a Senate Judiciary Committee hearing to examine Texas's abortion law on Capitol Hill on September 29, 2021 in Washington, DC. on April 5, 2022 By Kyle Jaeger Senate Majority Leader Chuck Schumer (D-NY) said on Tuesday that he and colleagues are in the process of reaching out to Republican senators to "see what they want" included in a bill to federally legalize marijuana he's planning to introduce later this month. It was not taken up by the Senate, which. Latest U.S. Economy & Politics News and Updates. Spending is projected to be $4 trillion (5.5 percent) higher from FYs 23-32 than it was just nine months ago, a product of legislation passed by Congress and changes to economic projections over that time. Share this via Telegram 6552; A bill to amend section 1115 of title 31, United States Code, to amend the description of how performance goals are achieved, and for other purposes. Makes in order only those further amendments to H.R. The wars in Iraq and Afghanistan, the U.S. response to the Great Recession, and the multi-trillion dollar U.S. response to COVID-19 were all major contributors to the debt, and many of the fiscal policies therein had the support of both Republicans and Democrats in Congress and the White House. During congressional hearings on the Act, both Congresspersons and . The Responsible Budgeting Act from Reps. Jodey Arrington (R-TX) and Scott Peters (D-CA): This creative and bipartisan legislation would prevent debt ceiling standoffs in the future while still requiring Congress and the president to put forward fiscally responsible solutions to Americas unsustainable debt and fiscal trajectories. If a special committee were to have the chance to work on deficit reduction, NTU would stand ready to supply the committee with meaningful reforms that have won support across the ideological spectrum. The Obama administration strongly support[ed] enactment of the Budget Control Act and praised its significant down payment on deficit reduction and means to reduce the deficit further through a balanced approach that allows both for cutting spending and for addressing revenues by eliminating tax subsidies or through comprehensive tax reform. The administration also later specifically praised the caps in communications on President Obamas record on fiscal responsibility. Twitter announced the end of their free login service, unless we pay, and we are not going to pay. WASHINGTON - Eleven Republicans voted Tuesday against a bill that funds research and benefits for as much as 3.5 million veterans who were impacted by toxic substances while they served. As described above, the MORE Act proposes an excise tax on cannabis products. Schumer plans to file his CAOA Act, or Cannabis Administration & Opportunity Act, this month (April 2022). The Fair-Value Accounting and Budget Act from Reps. Ralph Norman (R-SC) and Ed Case (D-HI): This legislation encourages transparency and accuracy in accounting to loan programs administered by the federal government. S&P criticized the political bickering over the debt ceiling: "The political brinksmanship of recent months highlights what we see as America's governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed.". September 23, 2022 6:30 AM. Provides for an additional automatic taxpayer refund for the 2021 taxable year in the amount of $200 to taxpayers who are . H.R. This means that it requires support from at least 10 GOP senators if every Democrat backs it. To reiterate: default should not be on the table. The act was first passed by the House in Dec. 2020. And the new budget baseline released by CBO underscores the fiscal peril the nation is in. Failing to increase or suspend the debt ceiling could lead to the U.S. government defaulting on its debts for the first time, which could shock the global economy and permanently call into question the full faith and credit of the U.S. government. The MORE Act, proposed originally in September 2019 by Rep. Jerrold Nadler (D-N.Y.), was the first cannabis law to find success on a federal level. It is unclear how Democrats will proceed after the votes, though some Republicans have appeared open to reforming the electoral vote counting process. It was April Fools' Day, but it was not a joke. The schedule is also available in calendar format (pdf image). The TRUST Act from Sens. U.S. debt issued in the form of U.S. Treasury securities is considered among the safest investments in the entire world because the U.S. has never defaulted on its debt and is able to issue its own currency, which is the worlds reserve currency. 3617 to make in order amendment #4, offered by Rep. Lamb (PA), which maintains the penalties in the Controlled Substance Act for selling or providing minors with marijuana and for distributing marijuana near schools. The Marijuana Opportunity Reinvestment and Expungement (MORE) Act passed by a 220-204 vote on April 1. This bill was introduced in the 117th Congress, which met from Jan 3, 2021 to Jan 3, 2023. Friday, April 8, 2022. The use of a sequester (across-the-board spending cut) as a backstop for lawmakers failure to agree to bipartisan deficit reduction. What emerged from these negotiations was the Budget Control Act (BCA) of 2011, both the most significant deficit reduction legislation of the 21st century to date and, in retrospect, a policy disappointment that held down spending increases but failed to meaningfully reduce debt and deficit levels. On Friday April 1st, the House floor passed the MORE Act along party lines, with 220 votes in favor and 204 opposing. Originally introduced in December 2020, the previous House had already approved the MORE Act by a margin of 228-164. Elizabeth Warren (D-MA), Angus King (I-ME), Mike Braun (R-IN), and Mike Lee (R-UT): While many Republicans have claimed defense spending cuts should be off the table in budget talks, Republicans could still show their commitment to avoiding wasteful spending or inefficient processes in all parts of the federal budget, including defense. The House passed the America COMPETES Act of 2022 today on a nearly party-line vote of 222 to 210, with Reps. Adam Kinzinger (R-IL) and Stephanie Murphy (D-FL) breaking ranks to respectively vote for and against it.. A message for the senate to pass voting. Defeated: 49, Motion by Mrs. Fischbach to amend the rule to H.R. The Fiscal State of the Nation Resolution from former Rep. Kathleen Rice (D-NY), Rep. Andy Barr (R-KY), Sens. Through a tax on sales, it would also fund services in communities most impacted by prohibition and provide support for a more diverse and inclusive market. The U.S. is the most important nation in the global economy. 421 (68-29) Agreed to. The bill, which the House previously passed in 2020, will next head to the US Senate. Waives all points of order against consideration of the bill. Additionally, it eliminates criminal penalties for an individual who manufactures, distributes, or possesses marijuana. Joni Ernst (R-IA), Maggie Hassan (D-NH), former Rep. Jody Hice (R-GA), and Rep. Ro Khanna (D-CA): Some good-government efforts would provide only small savings to taxpayers but would represent Congress and the executive branch cleaning up its own house, sending an important signal to constituents across the country. REPORTED BY A RECORD VOTE of 9-4 on Wednesday, March 30, 2022. Democrats and Republicans also passed discretionary spending increases, on the defense and non-defense sides of the ledger, and tax cuts, both partisan and bipartisan, that added to the debt. 13. Provides one hour of general debate equally divided among and controlled by the chairs and ranking minority members of the Committees on Education and Labor, Energy and Commerce, and Ways and Means, or their respective designees. In 2020, the MORE Act was first introduced and passed in the House of Representatives before it failed to pass the Senate. . Please sign up for our advisory group to be a part of making GovTrack a better tool for what you do. Fiscal matters. 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