Senate Bill
Definition of 'Senate Bill'A piece of proposed legislation that either originated or was modified in the United States Senate. In order to become law, a senate bill must win majority approval in both the Senate and the House of Representatives and then be approved by the President of the United States. |
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Investopedia explains 'Senate Bill'After a senate bill has been drafted and introduced in the Senate Chamber, it is entered in the Senate Journal, given a number, printed and delivered to an appropriate committee for debate. Any amendments to the bill during the process must, likewise, be voted on. |
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