Lawmakers look to head-off gridlock over Biden s COVID stimulus plan
Moderate lawmakers, many of whom played a pivotal role in brokering a bipartisan compromise during the last round of coronavirus relief negotiations, are expected to meet Sunday as President Joe Biden s administration attempts to pass an ambitious legislative agenda. Biden has proposed a $1.9 trillion COVID-19 relief plan and several other significant proposals on immigration and infrastructure spending that will require congressional approval. But in a Senate split 50-50 between both parties, Democrats will need Republican votes in order to pass any major proposals at least ten Republican votes are needed to break a filibuster and advance any legislation, assuming all Democrats vote for the legislation. The group invited to a call with National Economic Council Director Brian Deese includes Sens. Joe Manchin, D-W.V., Angus King, I-Maine, Susan Collins, R-Maine, Mitt Romney, R-Utah, and Reps. J
President Joseph Robinette Biden, Jr. has big plans for disarming Americans. But there’s seems to be a bit of doubt as to how or rather who he’ll get to carry out those plans. As we have said before, President-elect Joe Biden and Vice President-elect Kamala Harris represent a clear and present danger to liberty, freedom, the Constitution, and
RBI proposes multilayer system and stricter norms for NBFCs
23 Jan 2021 A securityman stands guard in front of the Reserve Bank of India building in New Delhi. File/ Reuters The Reserve Bank of India (RBI) proposed a four-layered structure for non-banking finance companies (NBFCs) and new norms to strengthen their governance and operations.
The RBI, in a discussion paper, proposed to differentiate between NBFCs depending upon the layer they belong to, such as base and middle.
“To sum up, regulatory and supervisory framework of NBFCs shall be based on a four-layered structure - ‘Base Layer, Middle Layer, Upper Layer and a possible Top Layer’,” it read.