Established by the Congressional Budget Act of 1974, a special legislative process called “reconciliation” allows for expedited consideration of certain tax, spending, and debt-limit legislation. In the Senate, reconciliation bills aren’t subject to filibuster and the scope of amendments is limited, giving this process advantages for enacting controversial budget and tax measures.

This market will resolve to "Yes" if the U.S. Senate passes a bill through the reconciliation process in a vote that concludes within this market's timeframe. Otherwise, it will resolve to "No".

This market's timeframe spans from June 23, 2022 (12 PM ET) to August 15, 2022 (11:59:59 PM ET). The primary resolution source is Congress.gov’s legislation tracker and other official information from the government of the United States, however other credible reporting may be used.