If a Bill Is Sent to a Congressional Committee and the Committee

question 4

Multiple Choice

If a bill is sent to a congressional committee and the committee chooses not to "take on" the bill, what happens to that bill?

• A) It gets assigned to another committee.
• B) It goes to the other chamber of Congress for them to assign to a committee.
• C) It gets "marked up" by the committee.
• D) It must wait ten days, and then be resubmitted to the same committee for a new hearing.
• E) It is considered "dead."

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Definitions:

Market Rate

The prevailing rate at which goods, services, or securities are bought and sold in the market.

Interest Rate

The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.

Amortization

The gradual reduction of a debt or the spreading out of capital expenses for intangible assets over a specific period of time.

Bond Payable

A bond payable is a long-term liability where a borrower agrees to pay back a fixed amount of funds at a future date, along with periodic interest payments.