S.Con.Res. 27 · 115th Congress
A concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2018 and setting forth the appropriate budgetary levels for fiscal years 2019 through 2027.
- Stage
- In committee
- Sponsor
- Rand Paul
- Introduced
- 2017-10-17
- Latest action
- 2017-10-17 · Introduced in Senate
Summary
Establishes the congressional budget for the federal government for FY2018 and sets forth budgetary levels for FY2019-FY2027.
Recommends levels and amounts for FY2018-FY2027 in both houses of Congress for:
federal revenues, new budget authority, budget outlays, deficits, public debt, debt held by the public, and the major functional categories of spending. Recommends levels and amounts for FY2018-FY2027 in the Senate for Social Security and Postal Service discretionary administrative expenses.
Includes reconciliation instructions directing:
the Senate Finance Committee to submit to the Senate Budget Committee legislation increasing the deficit by no more than $1.5 trillion over FY2018-FY2027, the Senate Energy and Natural Resources Committee to submit to the Senate Budget Committee legislation reducing the deficit by at least $1 billion over FY2018-FY2027, the House Ways and Means Committee to submit to the House Budget Committee legislation increasing the deficit by no more than $1.5 trillion over FY2018-FY2027, and the House Natural Resources Committee to submit to the House Budget Committee legislation reducing the deficit by at least $1 billion over FY2018-FY2027. (Under the Congressional Budget Act of 1974, reconciliation bills are considered by Congress using expedited legislative procedures that prevent a filibuster and restrict amendments in the Senate.)
Establishes reserve funds that provide flexibility in applying budget enforcement rules to legislation addressing a wide range of specified issues across the federal budget.
Sets forth budget enforcement procedures for legislation considered in the Senate.