U.S. Republican leadership plans to bring the CLARITY Act to the full Senate for consideration during the week of July 20, but the effort would require support from at least seven Democratic senators.
According to NS3.AI, bipartisan talks have not yet produced an agreement on provisions related to government ethics rules and illicit finance.
Republican leaders are seeking to resolve these outstanding issues to secure the votes needed to move the bill forward.
If the legislation is not advanced before the August recess, the report said the process could restart from scratch.