Senate Parliamentarian Elizabeth MacDonough has nixed several key provisions from President Donald Trump’s megabill, saying they violate the upper chamber’s rules for the budget reconciliation process, reports The Hill.
The budget reconciliation process allows for expedited passage of a bill with a simple majority vote.
Republicans are attempting to use it to pass Trump’s “One Big Beautiful Bill Act.”
MacDonough said provisions to place a funding cap on the Consumer Financial Protection Bureau, slash pay of Federal Reserve staff, cut $293 million by reducing the Treasury’s Office of Financial Research, and dissolve the Public Company Accounting Oversight Board are all ineligible to be included in a simple-majority budget reconciliation bill.
Sen. Elizabeth Warren, D-Mass., touted the rulings.
“These proposals are a reckless, dangerous attack on consumers and would lead to more Americans being tricked and trapped by giant financial institutions and put the stability of our entire financial system at risk — all to hand out tax breaks to billionaires. Democrats fought back, and we will keep fighting back against this ugly bill,” she said in a statement.
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