Steep odds for Watt royalty bill


U.S. CongressThere may have been a lot of noise about the Free Market Royalty Act, introduced 9/30/13 by Mel Watt (D-NC), but it will take a lot more than noise for the bill to become a law.

According to, Watt’s bill has only a 7% chance of making it out of committee. The Judiciary is the one where it is currently parked.

And if it makes it past that hurdle, its odds of becoming a law –which would involve getting it through the Senate and the White House – stand at a lowly 1%.

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