Plus, the impacts of budget cuts to SNAP and healthcare provisions in the proposed reconciliation bill.
Protecting the American public from risks of crypto Though crypto may feel distant to many, its growing presence in banks, payment systems, retirement plans, and local infrastructure is making its risks increasingly real for everyday Americans. In a new report, Tonantzin Carmona outlines three principles to guide policymakers in creating fair, safe, and accountable crypto regulation: shield the middle class from financial risk, protect retail investors from market manipulation, and safeguard communities, infrastructure, and national security from crypto-related harms. | Latest analysis on the reconciliation bill | SNAP budget cuts. The Supplemental Nutrition Assistance Program (SNAP) has long served as a powerful tool to stabilize the economy during recessions. Lauren Bauer and Diane Whitmore Schanzenbach warn that proposed changes in the budget bill would weaken this role by penalizing recently unemployed workers and increasing food hardship among children, the elderly, and low-income families. Dive into the research further with these interactive charts and maps that show how restrictions placed on SNAP work requirement waivers could impact over 1,200 counties across America. Reconciliation impacts on healthcare. The Congressional Budget Office (CBO) recently released its score of the reconciliation bill that passed the House of Representatives last month. CBO’s analysis reveals that the bill would reduce insurance coverage by 10.9 million people and reduce spending on federal health care programs by over $1 trillion – impacts comparable to the 2017 Affordable Care Act repeal proposals. Christen Linke Young analyzes the major healthcare provisions of the House-passed bill and places the projected impacts of those changes in historical context. | About Brookings The Brookings Institution is a nonprofit organization based in Washington, D.C. Our mission is to conduct in-depth, nonpartisan research to improve policy and governance at local, national, and global levels. If you were forwarded this email, sign up for the Brookings Brief to stay updated on our latest work. | The conclusions and recommendations of any Brookings publication are solely those of its author(s), and do not reflect the views of the Institution, its management, or its other scholars. | |