President Biden Issues First Veto – Stay Ahead Of The News With FiscalNote (NYSE: NOTE)
Detroit, Michigan
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May 12, 2023 09:15 AM Eastern Daylight Time
By Jad Malaeb, Benzinga
President Biden issued his first veto in office.
House Republicans are pressing a new energy bill, dubbed H.R.1, that would “expedite energy products, eliminate or reduce certain fees related to the development of federal energy sources and eliminate certain funds that provide incentives to decrease emissions of greenhouse gases.”
In short, the Lower Cost Energy Act (i.e. H.R.1) is a plea for looser restrictions on greenhouse-producing energy products and activities like oil drilling and exploration. Even though the bill was a long way from reaching the Presidential desk, the White House made its stance clear. In a statement issued on Mar. 27th, the White House said: “If presented to the President in its current form, he would veto it.” - which they did.
The White House noted that H.R. 1 would replace “pro-consumer policies with a thinly veiled license to pollute” and “raise costs for American families by repealing household energy rebates and rolling back historic investments to increase access to cost-lowering clean energy technologies.”
Legislation And Regulation Tracking Technology Through FiscalNote
Bills with a monumental impact on the future of the nation are discussed on a continuous basis by the U.S. government. These bills can also have major implications for financial markets. President Biden’s Infrastructure Act, for example, is heavily linked to the rise in the stock prices of companies like Caterpillar (NYSE: CAT) and Applied Material Inc. (NASDAQ: AMAT) in anticipation of the Act taking effect.
Individually keeping track of each bill, however, is a nearly impossible task without the help of specialized software. This is where FiscalNote Holdings Inc. (NYSE: NOTE) comes in. As a technology company specializing in the analysis and tracking of legislation and regulations in the U.S. and abroad, the company can be an investor, trader or any other citizen’s preferred destination when organizing and tracking major changes in government.
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CQ Federal is a FiscalNote platform offering real-time updates on legislative and regulatory developments. It alerts users to important policy changes and provides deep archives of legislative information. With CQ Federal, government affairs professionals can stay up-to-date with policy changes and take quick and effective action.
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CQ Federal provides government affairs professionals with the most comprehensive set of data around federal legislation available. It is a valuable resource for any organization looking to stay informed and up-to-date with policy changes and take effective action.
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