Senate Democrats Block 2 GOP Bills, Defeating Stock Ban 53-47 and Data Center Measure 57-43
Updated
Updated · CNBC · Sep 30
Senate Democrats Block 2 GOP Bills, Defeating Stock Ban 53-47 and Data Center Measure 57-43
3 articles · Updated · CNBC · Sep 30
Summary
53 senators voted to block the Stop Insider Trading Act, sinking the House-passed bill after Democrats rejected its limited stock-trading ban and a voter-ID provision they called a poison pill.
57 senators backed the Ratepayer Protection Act, but that still fell short of the 60 votes needed as Democrats said the data-center measure was optional and too weak to shield ratepayers from AI-related power costs.
Chuck Schumer, Elizabeth Warren and Tim Kaine argued both bills were watered-down messaging exercises, while Republicans including Jon Husted and Steve Scalise cast them as bipartisan, commonsense proposals Democrats obstructed.
The defeats hand Republicans fresh campaign material as Congress heads into the midterm recess, with data-center power costs, affordability and congressional ethics emerging as election issues.