Budgetary Revisions
Floor Speech
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Mr. SANDERS. Madam President, section 3002 of S. Con. Res. 14, the fiscal year 2022 congressional budget resolution, allows the chairman of the Senate Budget Committee to revise budget aggregates, committee allocations, and the pay-as-you-go ledger for legislation considered under the resolution's reconciliation instructions.
I find that H.R. 5376, an act to provide for reconciliation pursuant to title II of S. Con. Res. 14, fulfills the conditions found in section 3002. Accordingly, I am revising the allocations for eight of the reconciled committees and revising other enforceable budgetary levels to account for the budgetary effects of the law. This adjustment reflects the estimate of the law as enacted provided by the Congressional Budget Office on September 7, 2022.
This adjustment supersedes the adjustments I previously made for the processing of Senate amendment Nos. 5194, 5472, and 5488 to H.R. 5376 on August 6 and 7.
Con. Res. 14, the Concurrent Resolution on the Budget for Fiscal Year 2022) ($ in billions) ------------------------------------------------------------------------ 2022 ------------------------------------------------------------------------ Current Spending Aggregates: Budget Authority....................................... 4,176.690 Outlays................................................ 4,503.198 Adjustment: Budget Authority....................................... 208.981 Outlays................................................ 2.378 Revised Aggregates: Budget Authority....................................... 4,385.671 Outlays................................................ 4,505.576 ------------------------------------------------------------------------ REVISIONS TO BUDGET REVENUE AGGREGATES (Pursuant to Section 3002 of S. Con. Res. 14, the Concurrent Resolution on the Budget for Fiscal Year 2022) ($ in billions) ------------------------------------------------------------------------ 2022 2022-2026 2022-2031 ------------------------------------------------------------------------ Current Revenue Aggregates....... 3,409.875 17,817.016 39,007.541 Adjustments...................... 0.000 47.219 104.215 Revised Revenue Aggregates....... 3,409.875 17,864.235 39,111.756 ------------------------------------------------------------------------ ALLOCATION OF SPENDING AUTHORITY TO SENATE COMMITTEE OTHER THAN APPROPRIATIONS (Pursuant to Section 3002 of S. Con. Res. 14, the Concurrent Resolution on the Budget for Fiscal Year 2022) ($ in billions) ------------------------------------------------------------------------ 2022 2022-2026 2022-2031 ------------------------------------------------------------------------ Agriculture, Nutrition, and Forestry: Budget Authority............. 169.301 739.376 1,502.313 Outlays...................... 156.545 681.230 1,370.549 Adjustments: Budget Authority............. 23.694 36.547 36.747 Outlays...................... -0.622 9.305 34.675 Revised Allocation: Budget Authority............. 192.995 775.923 1,539.060 Outlays...................... 155.923 690.535 1,405.224 Banking, Housing, and Urban Affairs: Budget Authority............. 22.106 123.886 245.422 Outlays...................... 16.131 59.645 65.228 Adjustments: Budget Authority............. 1.500 1.500 1.500 Outlays...................... 0.000 0.680 1.465 Revised Allocation: Budget Authority............. 23.606 125.386 246.922 Outlays...................... 16.131 60.325 66.693 Commerce, Science, and Transportation: Budget Authority............. 18.161 91.223 183.890 Outlays...................... 32.945 95.536 165.865 Adjustments: Budget Authority............. 3.607 3.607 3.607 Outlays...................... 0.000 2.546 3.584 Revised Allocation: Budget Authority............. 21.768 94.830 187.497 Outlays...................... 32.945 98.082 169.449 Energy and Natural Resources: Budget Authority............. 7.410 36.704 65.681 Outlays...................... 7.124 35.751 69.719 Adjustments: Budget Authority............. 42.117 41.770 41.473 Outlays...................... 0.000 17.265 35.136 Revised Allocation: Budget Authority............. 49.527 78.474 107.154 Outlays...................... 7.124 53.016 104.855 Environment and Public Works: Budget Authority............. 49.417 272.510 586.154 Outlays...................... 7.315 -22.644 -25.400 Adjustments: Budget Authority............. 50.450 50.450 50.450 Outlays...................... 0.000 24.262 41.870 Revised Allocation: Budget Authority............. 99.867 322.960 636.604 Outlays...................... 7.315 1.618 16.470 Finance: Budget Authority............. 2,937.622 15,682.796 37,800.964 Outlays...................... 3,032.554 15,768.091 37,875.037 Adjustments: Budget Authority............. 83.625 118.476 -68.416 Outlays...................... 0.000 53.713 -70.437 Revised Allocation: Budget Authority............. 3,021.247 15,801.272 37,732.548 Outlays...................... 3,032.554 15,821.804 37,804.600 Homeland Security and Governmental Affairs: Budget Authority............. 163.032 859.033 1,822.564 Outlays...................... 162.069 868.154 1,838.966 Adjustments: Budget Authority............. 3.565 3.915 3.915 Outlays...................... 3.000 3.665 3.976 Revised Allocation: Budget Authority............. 166.597 862.948 1,826.479 Outlays...................... 165.069 871.819 1,842.942 Indian Affairs: Budget Authority............. 0.563 2.438 4.498 Outlays...................... 4.362 7.681 9.805 Adjustments: Budget Authority............. 0.423 0.423 0.423 Outlays...................... 0.000 0.318 0.423 Revised Allocation: Budget Authority............. 0.986 2.861 4.921 Outlays...................... 4.362 7.999 10.228 -------------------------------------- Memo--total of all adjustments: Budget Authority......... 208.981 256.688 69.699 Outlays.................. 2.378 111.754 50.692 ------------------------------------------------------------------------ PAY-AS-YOU-GO SCORECARD FOR THE SENATE (Revisions Pursuant to Section 3002 of S. Con. Res. 14, the Concurrent Resolution on the Budget for Fiscal Year 2022) ($ in billions) ------------------------------------------------------------------------ Balances ------------------------------------------------------------------------ Current Balances: Fiscal Year 2022....................................... -8.424 Fiscal Years 2022-2026................................. -75.460 Fiscal Years 2022-2031................................. -138.777 Revisions: Fiscal Year 2022....................................... 2.378 Fiscal Years 2022-2026................................. 64.535 Fiscal Years 2022-2031................................. * 0.000 Revised Balances: Fiscal Year 2022....................................... -6.046 Fiscal Years 2022-2026................................. -10.925 Fiscal Years 2022-2031................................. -138.777 ------------------------------------------------------------------------ * Sec. 4106 of H. Con. Res. 71 (115th Congress), the FY 2018 budget
resolution, specifies that the budgetary effects of a reconciliation
bill with net deficit reduction ``shall never be made available on the
pay-as-you-go-ledger.'' Since the savings from H.R. 5376 will not be
entered the PAYGO scorecard, no adjustment is necessary. The law will
reduce on-budget deficits by $53.523 billion over 2022-2031.
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