Congress Faces Tight Deadlines on Key Legislation: ‘Beautiful Act’ & ‘GENIUS Act’ Take Center Stage

With the U.S. Congress reconvening, senators face a tight schedule to meet deadlines set by President Trump. The first hurdle lies with the ‘Beautiful Act,’ a significant tax and budget proposal that narrowly passed the House last month with a 215-214 vote. This bill now heads to the Senate, where it’s anticipated to encounter resistance from some Republicans who may oppose its current form. Republican leaders aim to have it ready for President Trump’s signature by July 4th. Meanwhile, senators must also grapple with the ‘GENIUS Act,’ a proposal championed by President Trump which aims to secure approval before the end of summer. This legislation focuses on expanding cryptocurrency-related businesses, posing a bipartisan challenge for both Republicans and Democrats.