A concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2022 and setting forth the appropriate budgetary levels for the fiscal years 2023 through 2031.

9/6/2022, 2:55 PM

This concurrent resolution establishes the congressional budget for the federal government for FY2022, sets forth budgetary levels for FY2023-FY2031, and provides reconciliation instructions for legislation to reduce the deficit.

The resolution recommends levels and amounts for FY2022-FY2031 for

  • federal revenues,
  • new budget authority,
  • budget outlays,
  • deficits,
  • public debt,
  • debt held by the public, and
  • the major functional categories of spending.

It also recommends levels and amounts for Social Security and Postal Service discretionary administrative expenses for the purpose of budget enforcement in the Senate.

The resolution includes reconciliation instructions that direct several Senate committees to report legislation to reduce the deficit over FY2022-FY2031 by amounts specified for each committee.

(Under current law, reconciliation bills are considered by Congress using expedited legislative procedures that prevent a filibuster and restrict amendments in the Senate.)

In addition, the resolution establishes reserve funds that allow certain adjustments to committee allocations and other budgetary levels to accommodate legislation relating to (1) efficiencies, consolidations, and other savings; or (2) health savings accounts.

The resolution also sets forth budget enforcement procedures that address issues such as budget points of order, emergency legislation, Congressional Budget Office cost estimates, and adjustments for legislation that reduces appropriations.

Bill 117 sconres 13, also known as A concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2022 and setting forth the appropriate budgetary levels for the fiscal years 2023 through 2031, is a piece of legislation that outlines the budgetary framework for the federal government over the next decade.

The resolution establishes the overall spending levels for various government programs and agencies, as well as revenue targets to fund these expenditures. It also includes projections for economic growth, inflation, and other key economic indicators that will impact the federal budget.

One of the key components of the resolution is the allocation of funds for different priorities, such as defense, education, healthcare, and infrastructure. It also includes provisions for addressing the national debt and deficit, as well as measures to promote economic growth and job creation. The resolution is intended to guide the budgetary decisions of Congress and provide a roadmap for fiscal policy over the next several years. It is an important tool for ensuring that the government operates within its means and allocates resources in a responsible and sustainable manner. Overall, Bill 117 sconres 13 is a comprehensive and forward-looking piece of legislation that will shape the federal budget and economic policy for the next decade. It reflects the priorities and values of Congress and sets the stage for future debates and decisions on government spending and revenue.
Congress
117

Number
SCONRES - 13

Introduced on
2021-08-05

# Amendments
0

Sponsors
+5

Variations and Revisions

8/5/2021

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

This concurrent resolution establishes the congressional budget for the federal government for FY2022, sets forth budgetary levels for FY2023-FY2031, and provides reconciliation instructions for legislation to reduce the deficit.

The resolution recommends levels and amounts for FY2022-FY2031 for

  • federal revenues,
  • new budget authority,
  • budget outlays,
  • deficits,
  • public debt,
  • debt held by the public, and
  • the major functional categories of spending.

It also recommends levels and amounts for Social Security and Postal Service discretionary administrative expenses for the purpose of budget enforcement in the Senate.

The resolution includes reconciliation instructions that direct several Senate committees to report legislation to reduce the deficit over FY2022-FY2031 by amounts specified for each committee.

(Under current law, reconciliation bills are considered by Congress using expedited legislative procedures that prevent a filibuster and restrict amendments in the Senate.)

In addition, the resolution establishes reserve funds that allow certain adjustments to committee allocations and other budgetary levels to accommodate legislation relating to (1) efficiencies, consolidations, and other savings; or (2) health savings accounts.

The resolution also sets forth budget enforcement procedures that address issues such as budget points of order, emergency legislation, Congressional Budget Office cost estimates, and adjustments for legislation that reduces appropriations.

Bill 117 sconres 13, also known as A concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2022 and setting forth the appropriate budgetary levels for the fiscal years 2023 through 2031, is a piece of legislation that outlines the budgetary framework for the federal government over the next decade.

The resolution establishes the overall spending levels for various government programs and agencies, as well as revenue targets to fund these expenditures. It also includes projections for economic growth, inflation, and other key economic indicators that will impact the federal budget.

One of the key components of the resolution is the allocation of funds for different priorities, such as defense, education, healthcare, and infrastructure. It also includes provisions for addressing the national debt and deficit, as well as measures to promote economic growth and job creation. The resolution is intended to guide the budgetary decisions of Congress and provide a roadmap for fiscal policy over the next several years. It is an important tool for ensuring that the government operates within its means and allocates resources in a responsible and sustainable manner. Overall, Bill 117 sconres 13 is a comprehensive and forward-looking piece of legislation that will shape the federal budget and economic policy for the next decade. It reflects the priorities and values of Congress and sets the stage for future debates and decisions on government spending and revenue.
Alternative Names
Official Title as IntroducedA concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2022 and setting forth the appropriate budgetary levels for the fiscal years 2023 through 2031.

Policy Areas
Economics and Public Finance

Comments

Recent Activity

Latest Summary8/17/2022

This concurrent resolution establishes the congressional budget for the federal government for FY2022, sets forth budgetary levels for FY2023-FY2031, and provides reconciliation instructions for legislation to reduce the deficit.

The reso...


Latest Action8/5/2021
Placed on Senate Legislative Calendar under General Orders. Calendar No. 118.