House Passes Reconciliation 3.0 And Insider Trading Ban, Sends GOP Priorities To Senate
House Republicans advanced a new budget reconciliation framework and bill to end insider trading to the Senate.
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Late Wednesday, the House advanced a new budget reconciliation framework and passed legislation targeting insider trading, sending both measures to the Senate as Speaker Mike Johnson pushed to move several GOP priorities forward before lawmakers leave for the five-week August recess.
In an ambitious move, Johnson brought a roughly $95 billion reconciliation framework to the House floor that includes provisions tied to the SAVE America Act. The package passed by a vote of 216-214.
The Speaker also advanced the “Stop Insider Trading Act,” which includes a provision requiring voter ID for federal elections. The bill passed 232-198.
The Speaker’s move on Wednesday to pass several pieces of legislation came just before lawmakers leave for the five-week August recess. (RELATED: Mike Johnson Has Plan To Pass Save America Act, But It Will Face Several Tripwires Along The Way)
The reconciliation framework includes funding to bolster the Pentagon, provide agricultural aid, and set aside resources to encourage states to adopt election-related measures tied to the SAVE America Act, according to a report from The Hill.
But what that “enforcement” would actually entail remained the subject of heated negotiations between Republican leadership and rank-and-file GOP skeptics.
Several Republicans wanted more details before casting their votes after lawmakers broadly criticized an initial proposal that relied on incentives and grants for blue states.
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“I don’t know,” Johnson told reporters Tuesday evening when asked what he wanted the enforcement policy to look like, according to a Politico report.
“We’ve got a lot of negotiating to go through.”
The uncertainty fueled opposition from some Republicans. Republican-turned-Independent Rep. Kevin Kiley voted “no” on the budget, telling Punchbowl News’ Congressional Defense reporter, Anthony Adragna, “I was disappointed with how this came together. I was always skeptical about using reconciliation as the path for war funding or defense funding.”(RELATED: House Shelves Vets Bill After GOP Reps Have ‘Unhinged’ Argument In Mike Johnson’s Office)
Meanwhile, Republican Reps. Thomas Massie of Kentucky and Warren Davidson of Ohio also ultimately voted against the measure.
The negotiations came just a day after the House approved a continuing resolution to keep the government funded through Dec. 4, averting a shutdown ahead of the Sept. 30 funding deadline. (RELATED: House GOP Clears Key Procedural Vote To Move Reconciliation 3.0 Forward)
Wednesday’s vote on the reconciliation framework marks the next step in advancing Republicans’ legislative agenda before the Senate takes up the measure.
Senate Majority Leader John Thune said he will not be taking up the House budget resolution and that he would prefer to work with Democrats on crafting the Senate’s own version of the framework.
Thune wrote in a post on X, following his remark on the Senate floor Wednesday, “No one is served by another shutdown – not either political party, and most of all, not the people we represent. I appreciate Chair Senator Collins’ work to engage with Democrats and produce a bipartisan CR, and I look forward to bringing it up on the Senate floor in the coming”
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