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LIVE: Senate Sets Up Weekend Infrastructure Vote After Final Skirmish | Top News
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August 6, 2021
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Now Playing(Aug. 6) The U.S. Senate is heading toward a weekend vote on its $550 billion infrastructure legislation, after Majority Leader Chuck Schumer’s attempt to rush passage late Thursday was thwarted by disagreements over cryptocurrency and other matters.
Senators huddled for hours on and off the floor to discuss final changes to legislation that numbers some 2,702 pages and has been the subject of weeks of negotiations with the White House. But agreement proved elusive and final passage of the massive bill got pushed until at least Saturday.
Schumer blamed Republicans for stalling action.
“We have been trying to vote on amendments all day but have encountered numerous objections from the other side,” he said on the Senate floor just before midnight. “However, we very much want to finish important bill, so we will reconvene Saturday.”
Among the unresolved issues is how to modify a provision of the bill dealing with reporting requirements for cryptocurrency transactions for tax collections. The cryptocurrency industry said the original version of the bill unfairly targeted them and was too broad in scope.
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