New CR Lacks Provisions on Outbound Investment, Export Controls; Fails in House
Lawmakers unveiled a new continuing resolution late Dec. 19 that doesn't include the outbound investment restrictions and export control and sanctions provisions that an earlier version contained (see 2412180034).
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House of Representatives GOP leaders scrapped the original CR after the 1,547-page measure ran into opposition from conservative Republicans over a host of last-minute additions. The House held a vote on the revised bill late Dec. 19 that failed 174-235, with one Democrat voting present. Given the number of Republican defections, it seems unlikely the chamber could try again with this version. It's unclear if they will try again with the previous CR, or try to write a new spending bill with Democratic buy-in.
Government funding expires Dec. 20, and a new CR could keep the government open through mid-March.