How a Bill Becomes a Law

Today, let's revisit this topic that we previously touched on a couple months ago, but that seems very relevant considering the new bill, HR 3044 (see Wednesday's post for more details), that was introduced and referred to the House Financial Services committee. For a bill to become a law, it first must be passed in the U.S. House. Next, the Senate would need to introduce and pass a complimentary bill. Then the individual bills would be brought into parity in Conference Committee. Following that, both houses of Congress would then vote again. It would then go to the President for signature. That’s a lot of steps that would need to line up just right for this bill to be passed, as most bills never make it out of the committee. For a visual explanation of the long journey for a bill to become a law, here's a link to the School House Rock video that we all remember and love!