House Speaker Mike Johnson expressed doubts that the bill would be put to a vote before the midterm elections for Congress. According to him, the bill is causing divisions not only among Democrats but also within certain groups of Republicans.
One of the document’s most controversial provisions is the new tariff authority granted to the U.S. president with respect to countries that purchase Russian energy resources. The initiative would give the president the right to impose 100 percent tariffs on the five largest buyers of Russian commodities (oil and natural gas), as well as on five countries facilitating the circumvention of energy sanctions.
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