The Senate Banking Committee received a procedural wallop from the Senate parliamentarian overnight, throwing much of the panel’s reconciliation agenda into doubt.
Elizabeth MacDonough, the Senate’s nonpartisan rulekeeper, determined that four key provisions of the Banking panel’s reconciliation section violate the Byrd rule. That essentially means the provisions have to be stripped out or replaced. The only other option would be to take a vote overruling the parliamentarian, which Senate GOP leaders have vowed they won’t do.
