Pillar 2, which changes US domestic legislation, could potentially be passed using the so-called reconciliation process.
This can be used by US Congress once a fiscal year and bills passed by this route can clear the Senate with a simple majority.
The upper chamber is split 50-50 between Democrats and Republicans, with US vice-president Kamala Harris casting the tiebreaking vote.
However, Pillar 1, which will probably require treaty changes, would need the support of at least two thirds of the Senate . . .
Any attempt to circumvent the Senate is likely to be the subject of technical and legalistic arguments on Capitol Hill.
Manal Corwin, a former senior Treasury official in Barack Obama’s administration who now works at KPMG, said there could be a way to override existing treaties by passing both Pillar 1 and Pillar 2 using the reconciliation process . . .
Maybe.
Interesting times ahead.
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