Procedural Setbacks for Republicans
The parliamentarian ruled against several key provisions in 's bill, including zeroing out the (CFPB) funding, signaling a significant procedural hurdle for the GOP.
These rulings are based on the Byrd Rule, which prevents policy changes in budget reconciliation processes, forcing Republicans to either remove these provisions or face a tougher voting challenge.
Democratic Opposition and Future Steps
Democrats, led by figures like Sen. Elizabeth Warren, have hailed the parliamentarian's advisory as a victory, arguing that GOP proposals threaten consumer protection and financial stability.
Despite the setbacks, GOP leaders, including Sen. Tim Scott, remain committed to advancing the bill, indicating ongoing negotiations and potential revisions to comply with Senate rules.