Bill Pass

Bill Pass

A situation in which the U.S. Federal Reserve buys Treasury bills in order to finance the debt of the federal government.
References in periodicals archive ?
Each one abstained from the vote, thus letting the Bill pass.
So on on Thursday, supporters tried to remove the urgency provision, thereby letting the bill pass on a simple majority.
Building on last year's efforts by the 106th Congress, which saw the Norwood-Dingell bill pass the House of Representatives but get stalled in the Senate, Senators John McCain (R-AZ) and Edward Kennedy (D-MA), joined a bipartisan group from both houses of Congress to introduce the Bipartisan Patient Protection Act of 2001.