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What will be the outcome of the Senate vote on H.J.Res. 109?
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SEC•Staff Accounting Bulletin 121•Congressional Review Act•Mike Flood•House•Senate•Joe Biden•Democrats•Republican
Resolution / Starting Odds
Pass with strong majority • 33%
Pass with narrow margin • 34%
Fail • 33%
Official Senate vote results
Story
House Passes H.J.Res. 109 to Repeal SEC's Crypto Rule, 228-182
May 8, 2024, 09:56 PM
The U.S. House of Representatives recently voted 228-182 to repeal the SEC's Staff Accounting Bulletin 121 (SAB 121) under the Congressional Review Act, with the resolution H.J.Res. 109 led by Congressman Mike Flood. The rule has been criticized for overreaching SEC authority and hindering financial innovation and competition. Despite the House's approval, the resolution faces significant challenges as it is unlikely to pass the Senate, and President Joe Biden has threatened to veto it. Notably, the vote marked a significant bipartisan moment with 21 Democrats joining their Republican colleagues in support of the repeal.
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Passed with strong majority • 33%
Passed with narrow majority • 34%
Not passed • 33%
Pass by simple majority • 33%
Pass by two-thirds majority • 33%
Fail to pass • 33%
Yes, Senate passes the resolution • 50%
No, Senate rejects the resolution • 50%
Resolution Passes • 33%
Resolution Fails • 33%
Vote Postponed • 34%
Yes, President vetoes the resolution • 50%
No, President signs the resolution • 50%
