Using Longbridge Skill, I created a daily report outlining the legislative timeline and event calendar for the Clear Bill. This week features the nomination hearing for the new Federal Reserve Chair, Kevin Warsh, and next week is the FOMC meeting. These two major events occupy the time window, making it highly likely that the Banking Committee's markup review of the Clear Bill will have to be scheduled for the first week of May.

Since the midterm elections are in November, if the goal is to submit the bill to the White House for legislative completion in August, the window for the Banking Committee's review falls in May. Considering previous statements from Trump and Bessent, I believe the legislative outcome of the Clear Bill will serve as a significant political achievement for the Republican Party to aid in the midterms, giving the current administration ample motivation to push the legislation forward. However, when legislation is tied to elections, it involves partisan gamesmanship. The outcome might not be clear until the last minute. Therefore, the more likely scenario is that each stage sees substantial progress only when the final deadline is imminent.

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