Senate passes bipartisan gun law, sends it to the House

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Welcome back to yahoo finance live everyone the u.s senate officially passed a bipartisan gun control bill yesterday the first gun control bill to come out of congress in almost three decades joining us with the details of the bill which is now heading to the house we’ve got yahoo finance his own jennifer schoenberger jennifer what do we know good morning

Brad that’s right the senate passing the most significant firearms legislation in decades for who can own a gun with more than a handful of republicans joining democrats the yeas are 65 the nays are 33 the motion to concur with an amendment is agreed to the legislation provides roughly 15 billion in funding to help states put in place laws to remove guns from

People deemed dangerous it also closes the so-called boyfriend loophole which bars people convicted of crimes related to dating violence from owning firearms and it strengthens background checks and mental health records for buyers under the age of 21. the bill would also increase penalties for buying a gun for someone else and gun trafficking of the spending

More than half would be used to fund mental health programs and bolster school safety the vote capped a month of negotiations led by senators chris murphy a democrat from connecticut and john cornyn a republican from texas after mass shootings at a supermarket in elementary school in may galvanized lawmakers to come together after an assault weapons ban expired

In 2004 congress tried and repeatedly failed to enact anything substantial now this bill is expected to be quickly taken up in the house most house democrats do support this with a handful of republicans expected to join though house minority leader kevin mccarthy opposes this bill and urges republicans to vote against it president biden is eager to sign this as

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Soon as possible guys hey jen at the same time while this big progress was being made in washington there was also a big setback in washington this one coming from the supreme court with regard to guns yeah that’s right julie um and i think that uh you know congress is looking at that and thinking you know we need to make some more progress on that as well but

We’re going to call this a victory for now and then on the flip side you were also watching what’s going on in the energy front yesterday jennifer granholm the energy secretary speaking with uh oil company executives you’ve been following that yeah that’s right uh so according to the secretary and the department of energy it was a productive meeting um they were

Focusing on uh what companies can do to keep existing operations online right now they talked about economic and uh policy hurdles for doing this um the company executives i spoke with seemed to think that it was a constructive conversation the secretary says this is a beginning of an ongoing dialogue right now uh so we’ll see what happens uh industry groups also

Called it constructive of course you know this is what they’re telling the outside world remains to be seen uh what will actually be done companies say they are trying to increase their production uh chevron in particular saying it’s increased uh plans to increase capex by 50 this year yeah we’ll see if we can get back to uh production levels that we saw before

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The pandemic thanks so much jennifer john berger i appreciate it

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Senate passes bipartisan gun law, sends it to the House By Yahoo Finance