“Cromnibus” spending bill includes language that eases requirements, allowing banks to use money backed for example by FDIC to trade in derivatives.
A huge change to campaign finance rules: Under the bill, a single person will be able to contribute a total of $1.5 million to political party committees per two-year election cycle.
A setback for voter-approved legalized recreational marijuana in the District of Columbia: The “cromnibus” prohibits federal or local funds to go towards enforcing Initiative 71.
Budget cuts for the IRS and the EPA: The budget of the EPA would be cut by $60 million.
The IRS budget would be cut by $345.6 million; that would make it harder for the tax agency to implement new parts of the Affordable Care Act.
No new funding for the Affordable Care Act but no d