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Us Legislation

All articles tagged with #us legislation

Congress-approved housing bill becomes law as Trump calls it a “big yawn” and withholds signature
politics1 hour ago

Congress-approved housing bill becomes law as Trump calls it a “big yawn” and withholds signature

The 21st Century ROAD to Housing Act cleared Congress with broad bipartisan support and became law at midnight after President Trump declined to sign, branding the measure a “big yawn” and urging passage of the competing SAVE America Act. Since non‑vetoed bills become law after 10 days, it automatically took effect. The bill aims to boost housing supply and lower costs by cutting red tape—such as removing the steel chassis requirement for mobile homes—and by creating a $200 million Innovation Fund over seven years plus $50 million in provisional grants to speed pro-housing designs. Analysts warn affordability improvements will take years even with the new law, and while it addresses supply, it won’t cure the housing crisis overnight.

Bipartisan push seeks $2.5B strategic stockpile for critical minerals
politics5 months ago

Bipartisan push seeks $2.5B strategic stockpile for critical minerals

A bipartisan bill would create a $2.5 billion Strategic Resilience Reserve for critical minerals, governed by a seven‑member board modeled on the Federal Reserve to buy and stockpile minerals nationwide (prioritizing recycled material); minerals could be sold for private or defense use, with profits funding more purchases, and allied countries could join with at least $100 million. The aim is to insulate the U.S. from foreign threats and counter China’s influence, but the measure must pass both houses and be signed by the president.

Law Changes May Expand Balcony Solar Power to Millions in the US
energy7 months ago

Law Changes May Expand Balcony Solar Power to Millions in the US

Legislation in US states like Utah, New York, and Pennsylvania is paving the way for widespread adoption of balcony solar panels, small plug-in devices that can power home appliances and increase energy independence, especially benefiting renters and low-income households. These panels are already popular in countries like Germany and could significantly boost renewable energy use in the US by overcoming regulatory barriers and reducing installation costs.

US Congress Approves Landmark Crypto Legislation with the GENIUS Act
business11 months ago

US Congress Approves Landmark Crypto Legislation with the GENIUS Act

The US has passed the Genius Act, marking the first major national crypto legislation, which establishes a regulatory framework for stablecoins backed by assets like the dollar, aiming to legitimize and regulate the growing industry, despite some concerns about risks and oversight. President Trump is expected to sign the bill into law, with support from both parties, as part of broader efforts to regulate digital currencies in the US.

Senators endorse tough Russia sanctions to pressure Trump on Ukraine
world1 year ago

Senators endorse tough Russia sanctions to pressure Trump on Ukraine

Senators Lindsey Graham and Richard Blumenthal are pushing for a bipartisan bill to impose severe sanctions on Russia, including tariffs on countries buying Russian resources, aiming to pressure Putin to end the Ukraine conflict. The bill has gained momentum in the Senate, with support from other lawmakers, and is seen as a significant move to strengthen US and NATO efforts against Russia. President Trump has not yet publicly endorsed the legislation but has signaled he is considering it amid increased US support for Ukraine.

Senators endorse tough Russia sanctions to pressure Trump on Ukraine conflict
world1 year ago

Senators endorse tough Russia sanctions to pressure Trump on Ukraine conflict

Senators Lindsey Graham and Richard Blumenthal are pushing for a bipartisan bill to impose severe sanctions on Russia, including tariffs on countries buying Russian resources, aiming to pressure Putin to end the Ukraine conflict. The bill has gained momentum in the Senate, with support from House leaders, and may be brought to a vote soon, as Trump considers endorsing it amidst increased US support for Ukraine and efforts to utilize seized Russian assets.

Prepare for Daylight Saving Time's End: Tips and Timing
lifestyle1 year ago

Prepare for Daylight Saving Time's End: Tips and Timing

Daylight saving time ends on November 3, with clocks set back an hour, marking the transition to standard time in the U.S. This practice, aimed at extending daylight during summer, has been in place since 1918 but remains controversial. While some states and countries do not observe it, efforts to make daylight saving time permanent, like the Sunshine Protection Act, have stalled in Congress. Health experts express concerns about permanent daylight saving time due to potential misalignment with solar time, which could impact sleep and health.

"Congress Considers Ban on TikTok Amid National Security Concerns"
politics2 years ago

"Congress Considers Ban on TikTok Amid National Security Concerns"

The U.S. is on track to pass legislation that could ban TikTok nationwide unless it cuts ties with its Chinese parent company within a year. The bill, backed by President Biden and key members of Congress, is set to be packaged with foreign aid for Ukraine, Israel, and Taiwan, ensuring its passage. The legislation allows the president to designate certain social media apps controlled by foreign adversaries as national security threats, with TikTok specifically cited. While there is bipartisan support for the bill, some lawmakers argue it would stifle free speech, while others emphasize the need to protect constitutional rights and privacy on social media platforms.

"US Senators Advocate for Comprehensive Stablecoin Regulation"
cryptocurrency-regulation2 years ago

"US Senators Advocate for Comprehensive Stablecoin Regulation"

Senators Cynthia Lummis and Kirsten Gillibrand have introduced a comprehensive stablecoin legislation bill in the US, aiming to establish clear rules for the issuance and regulation of payment stablecoins. The bill includes definitions and rules for firms issuing stablecoins, requiring them to conduct activities through subsidiaries and maintain one-to-one reserves for stablecoins. It also prohibits the issuance of algorithmic stablecoins and places a $10 billion cap on state regulators' supervision of non-depository trust companies in the stablecoin space. The senators are optimistic about the bill's momentum and hope to push it through before election season takes over.

Potential Buyers, Political Pressure, and China's Opposition: The Battle for TikTok's Future
businesstech2 years ago

Potential Buyers, Political Pressure, and China's Opposition: The Battle for TikTok's Future

The House passed a bill that could force a sale of TikTok if signed into law, prompting potential buyers to express interest in acquiring the app, including former Treasury Secretary Steven Mnuchin, Rumble, former Activision Blizzard CEO Bobby Kotick, and "Shark Tank" investor Kevin O’Leary. Previous interested buyers like Microsoft and Oracle were also mentioned, but the potential sale was put on hold when the Biden administration took over.

"Steven Mnuchin Assembles Investor Group to Acquire TikTok Amid U.S.-China Tensions"
businesstech2 years ago

"Steven Mnuchin Assembles Investor Group to Acquire TikTok Amid U.S.-China Tensions"

Former US treasury secretary Steven Mnuchin is assembling an investor group to purchase TikTok, following the US House of Representatives passing a bill giving the app's Chinese owner, ByteDance, about six months to divest its US assets or face a ban. Mnuchin expressed support for the legislation and the sale of TikTok, calling it a "great business," while TikTok's CEO stated the company will use legal means to prevent a ban.