John Reed (D-RI)

S.Amdt. 1619

S.Amdt. 1619 · Senate amendment

A Democratic amendment with no cosponsors

Changes H.Con.Res. 14 — Establishing 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.

Offered

Offered, and not voted on yet. Most amendments never get a vote: the Senate takes up the bill and moves on without them.

Its path through Congress

  1. Introduced
  2. Pending Consideration

What this amendment would do

This amendment would change the concurrent resolution by adding a deficit-neutral reserve fund.

The Chairman of the Committee on the Budget of the Senate would be allowed to revise committee allocations, aggregates, and other levels.

The Chairman could also make adjustments to the pay-as-you-go ledger, which is a record used to track the cost of legislation that changes existing laws.

These actions would apply to bills, joint resolutions, amendments, motions, or conference reports that aim to close the federal budget deficit.

The goal of such legislation would be to close the deficit by recovering unpaid liabilities from wealthy tax dodgers, which may include closing the portion of the tax gap related to the top 5 percent of taxpayers by income.

The amendment specifies that any such legislation must not increase the deficit between fiscal years 2025 and 2034.