Definition
A budget-related bill passed through the reconciliation process that bypasses the filibuster. The legislative loophole.
Example Usage
The reconciliation bill passed without a single Republican vote, allowing tax cuts to become law.
Origin
From 'reconcile' (to bring into agreement).
Fun Fact
Reconciliation was originally designed for minor budget adjustments but is now used for major legislation.
Source: Senate procedure terminology
Related Terms
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See “Reconciliation Bill” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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