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What will be the outcome of the U.S. Senate vote on overriding Biden's veto of SAB 121 by July 20, 2024?
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Joe Biden•Securities and Exchange Commission•Staff Accounting Bulletin 121•House•Senate•United States Code•Congress
Resolution / Starting Odds
Override Veto • 33%
Sustain Veto • 33%
Postponed Vote • 34%
Official voting results published by the U.S. Senate
Story
U.S. House to Vote on Overriding Biden's Veto of SAB 121 Next Week, Requires Two-Thirds Majority
Jul 6, 2024, 01:39 AM
The U.S. House of Representatives is scheduled to vote next week on whether to override President Joe Biden's veto of the Securities and Exchange Commission's Staff Accounting Bulletin 121 (SAB 121). The resolution, H. J. Res. 109, requires a two-thirds majority from both the House and Senate to pass. The SAB 121 rollback has been a contentious issue, with bipartisan support seen in previous votes. Majority Leader indicated that the legislation may be considered under chapter 8 of title 5, United States Code. The outcome of this vote will determine if the veto can be overturned, a steep challenge given the required majority from Congress.
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Similar markets
Override successful • 25%
Override fails in House • 25%
Override fails in Senate • 25%
Other outcome • 25%
Passes with majority support • 33%
Fails to pass • 33%
Not brought to a vote • 34%
Approved without changes • 25%
Approved with changes • 25%
Rejected • 25%
Postponed • 25%
Pass with majority Republican support • 25%
Pass with bipartisan support • 25%
Fail with majority Republican support • 25%
Fail with bipartisan opposition • 25%
Passed with bipartisan support • 25%
Passed with Republican majority only • 25%
Passed with Democratic majority only • 25%
Failed to pass • 25%
Pass with current provisions • 25%
Pass with amendments • 25%
Fail • 25%
Other • 25%
