Senate Bill

AAA

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.

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.

RELATED TERMS
  1. Bill Presentment

    The submission of a bill of exchange for payment. A bill, such ...
  2. Bill Announcement

    An announcement published by the U.S. Treasury regarding the ...
  3. Formal Tax Legislation

    The process by which a proposed tax rule or tax change may become ...
  4. Legislative Overkill

    A law enacted to stop or prevent the abuse of a loophole, but ...
  5. Taxpayer Bill Of Rights (TABOR)

    A measure created by conservative and libertarian groups that ...
  6. Financial Action Task Force (FATF)

    An intergovernmental organization that designs and promotes policies ...
Related Articles
  1. How The U.S. Government Formulates Monetary ...
    Personal Finance

    How The U.S. Government Formulates Monetary ...

  2. The Pension Bill: A Wolf In Sheep's ...
    Retirement

    The Pension Bill: A Wolf In Sheep's ...

  3. Material Adverse Effect A Warning Sign ...
    Markets

    Material Adverse Effect A Warning Sign ...

  4. Changes In Tax Legislation And Regulation
    Taxes

    Changes In Tax Legislation And Regulation

comments powered by Disqus
Hot Definitions
  1. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  2. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  3. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  4. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  5. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  6. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
Trading Center