Amendment No. 5333 by Sen. Schiff to “a concurrent resolution setting forth the congressional budget for the United States Government for fiscal...” (SCONRES 33)

The bill

A concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2026 and setting forth the appropriate budgetary levels for fiscal years 2027 through 2035.

Topic: Economics and Public Finance

What the bill does

This concurrent resolution establishes the congressional budget for the federal government for FY2026, sets forth budgetary levels for FY2027-FY2035, and provides reconciliation instructions for legislation that increases the deficit. The resolution recommends levels and amounts for FY2026-FY2035 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 the House Homeland Security Committee, the House Judiciary Committee, the Senate Homeland Security and Governmental Affairs Committee, and the Senate Judiciary Committee to submit recommendations for legislation that will increase the deficit over FY2026-FY2035 by not more than $70 billion. Each committee must submit the recommendations to the House or Senate Budget Committee by May 15, 2026.

Source: Congressional Research Service summary

Bill on congress.gov(opens in a new tab)