#Defence Bill

.Washington D.C., DC, USA
The provision was included in the defence bill passed by the US Congress.(Representational/Pixabay)

  • The law forces "beneficial owners" behind shell companies to report their identities to FinCEN
  • The UN estimates that $800 billion to $2 trillion is laundered through the global financial system every year
  • The legislation sets penalties for not reporting a company's beneficial owners, both jail and fine

.Washington D.C., DC, USA
Trump has suffered a blow just before leaving office. (Photo Credit: Unsplash)

  • The Senate approved the $740.5 billion National Defense Authorization Act
  • House of Representatives had voted 322 to 87 on Monday to override Trump's veto
  • 81 of the 100 senators voted to override the veto

.Florida, USA
Donald Trump tweeted a long tirade against Republican leaders . (Photo credit AP / PTI)

  • Trump tweeted after House voted to override his veto to the defence bill
  • Trump slammed Republican leaders for failing to support his baseless claims that he won the November 3 election
  • Trump's attacks on the Republican leadership come one week ahead of a high-stakes runoff elections in Georgia

.Washington D.C., DC, USA
Donald Trump hasn't seen any of his previous vetoes overturned. (Photo Credit: PTI)

  • The Democratic-controlled House voted 322 to 87 to override Trump's veto
  • 109 members of the president's Republican party also voted for the override
  • A similar motion will be introduced in the Republican-majority Senate

.Washington D.C., DC, USA
Donald Trump faces yet another embarrassment this week when the Congress votes to override his veto to the defence bill. (Photo credit : AP / PTI)

  • The Congress is to vote to override Trump's veto this week
  • Trump vetoed the defence bill , among other things, over the provision to rename military bases named after Confederates 
  • A two-thirds majority vote is needed in both the House of Representatives and  Senate to override a presidential veto