CoinGape
2024-06-01 18:54:09

SAB 121 Bill Vetoed by President, Congress Needs 2/3 Majority to Overturn

President Joe Biden has vetoed the Staff Accounting Bulletin 121 (SAB 121) bill, sending it back to the House of Representatives. The bill sought to regulate securities and banking practices but now faces a significant challenge as overriding the veto requires a two-thirds majority in both chambers. SAB 121 Faces Uphill Battle Post-Veto After passing The post SAB 121 Bill Vetoed by President, Congress Needs 2/3 Majority to Overturn appeared first on CoinGape .

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