Clarity Act clears Senate Banking Committee, lands on Senate calendar

The Clarity Act has been formally reported out of the Senate Banking Committee and added to the Senate Legislative Calendar, positioning the bill for possible action by the full Senate. The committee voted on May 14 to advance the measure. As of June 1, the committee process has concluded, making the legislation eligible to be scheduled for full Senate consideration. The next major test will be a floor vote. Legislative path so far: - Introduced - Committee hearings - Committee markup - Passed Senate Banking Committee (15-9) - Placed on Senate Calendar Next steps: - Full Senate debate and amendments - Senate floor vote - House-Senate reconciliation (if needed) - Presidential signature