Bills That Do NOT Pass Both Chambers by the End

question 159

Multiple Choice

Bills that do NOT pass both chambers by the end of a two-year Congress must

• A)undergo an inactivity rider.
• B)be reintroduced at the start of the next Congress.
• C)be subjected to committee review.
• D)undergo judicial override.
• E)become a law.

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Definitions:

Capital Lease

A type of lease classified as a financial transaction where the lessee records the leased asset as their own property in their financial statements.

Interest Revenue

Income earned by a company for lending its money or other assets to another entity.

Sales-Type Lease

A sales-type lease is a financing arrangement where the lessor recognizes immediate profit on the assets leased, similar to a sale.

Present Value

Present value is the current worth of a future sum of money or stream of cash flows given a specified rate of return.