Mike Townsend, Vice President of Legislative and Regulatory Affairs at Charles Schwab explains the $1.5T spending bill passed by the House. He says this is normal spending but also includes $13.6B aid to Ukraine. It was supposed to be passed in October 2021, but just got passed now, he explains. He gives his thoughts on upcoming spending bills. He says the Democrats would like to pass things to address rising prescription costs and childcare. Lastly, he discusses the SEC proposal for climate change disclosure.