An original concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2025 and setting forth the appropriate budgetary levels for fiscal years 2026 through 2034.
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Progress
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- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Overview
This concurrent resolution sets forth the congressional budget for the United States government for fiscal year 2025 and establishes budgetary levels through 2034. It outlines recommended levels for federal revenues, budget authority, outlays, deficits, and public debt. The resolution also includes reconciliation instructions, allowing for adjustments to budgetary levels to accommodate legislation while maintaining deficit neutrality. Finally, it establishes reserve funds to accommodate legislative changes and adjusts budgetary treatment for administrative expenses of the Social Security Administration and the Postal Service.
Key provisions
- Establishes recommended budgetary levels for federal revenues, budget authority, outlays, deficits, and public debt through fiscal year 2034.
- Includes reconciliation instructions for the House and Senate to adjust the deficit by specified amounts.
- Provides reserve funds to accommodate adjustments to committee allocations and legislation.
- Specifies budgetary treatment for the administrative expenses of the Social Security Administration and the U.S. Postal Service.
- Outlines specific budgetary levels for major functional categories, such as National Defense, International Affairs, and Energy.
- Includes adjustments for changes in the baseline and concepts/definitions.
- Grants the Budget Committees authority to adjust allocations to accommodate reconciliation legislation.
- Establishes rules for enforcement filing and budgetary treatment of administrative expenses.
Bill text
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Sponsors
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1 on record
Primary sponsor
Lindsey Graham
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