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. Licensed For Reinsurance Only

    A license that allows a company to engage in services related ...
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. How to Register Your Trademark
    Investing

    How to Register Your Trademark

  4. Filing A Patent
    Investing

    Filing A Patent

Hot Definitions
  1. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  2. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  3. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  4. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  5. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  6. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
Trading Center