SENATE UPDATE: Conservatives Eye Wins on Taxes, Stablecoins, and Investment Accounts

Last Week

The Senate confirmed nine of President Trump’s nominees:

• Monica Crowley as Chief of Protocol at the State Department (52-45);

• Reed Rubinstein as State Department Legal Adviser (52-46);

• Troy Meink as Secretary of the Air Force (74-25);

• James Danly as Deputy Secretary of Energy (52-44);

• Katharine MacGregor as Deputy Secretary of the Interior (54-40);

• Michael Rigas as Deputy Secretary of State for Management and Resources (51-46);

• Emil Michael as Under Secretary of Defense for Research and Engineering (54-43);

• Eric Ueland as Deputy Director of the Office of Management and Budget (52-45); and,

• Sean Donahue as Assistant Administrator of the Environmental Protection Agency (51-46)

Finally, on Thursday, Senate Republicans voted down a motion by Democrats to undermine President Trump’s authority to deport illegal immigrants.

Conservative Spotlight

BILL HAGERTY — Sen. Bill Hagerty’s (R-TN) bill to create a legal framework for stablecoins — the GENIUS Act — may pass the Senate before the end of May. Two weeks ago, you may remember, Democrat supporters of the bill switched their votes to deny President Trump a win. Reportedly, those Democrats are back on board. The Senate could take up Hagerty’s bill as soon as this week.

TED CRUZ — Sen. Ted Cruz (R-TX) wants to give every American child a private, tax-free investment account — with a $1,000 seed investment. The “Invest America Act” would give all Americans access to the power of compound returns as soon as they are born. A pilot version of the proposal, which President Trump strongly supports, could be included in the “Big Beautiful Bill” now making its way through Congress.

HOUSE CONSERVATIVES — SCF would like to offer three cheers to the conservatives in the House of Representatives holding the line on President Trump’s “Big, Beautiful Bill.” Swampy GOP elites are trying to pull the bill to the Left on taxes, spending, and regulatory reform. But conservatives are standing firm, and both the president and the country will be better off for it.

This Week

• The Senate has one vote scheduled for today, to take up President Trump’s nomination of Charles Kushner to be Ambassador to France and Monaco.

• The Senate is also expected to vote — once again — on Sen. Bill Hagerty’s (R-TN) GENIUS Act (see above).

• The House of Representatives is continuing to work on the president’s “Big, Beautiful” tax-energy-border security bill. Speaker Mike Johnson (R-LA) still hopes to pass it on to the Senate by Memorial Day.

As always, thank you for your efforts to help build a conservative Senate and a stronger America.

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