Budgetary Revisions

Floor Speech

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Mr. SANDERS. Mr. President, S. Con. Res. 14, the fiscal year 2022 congressional budget resolution, included a reserve fund in section 3003 to allow the chairman of the Senate Committee on the Budget to revise budget aggregates, committee allocations, and make adjustments to the pay-as-you-go ledger for legislation that would not increase the deficit over the period of fiscal years 2022 to 2031.

The Senate will soon consider S. 610, the Protecting Medicare and American Farmers from Sequester Cuts Act, as amended by the House, which meets the condition of being paid for and not increasing the deficit over the 10-year period. As such, I am filing a revision to the aggregates and committee allocations under the budget resolution, which were filed on September 23. Specifically, the Congressional Budget Office estimates that S. 610 will increase budget authority in 2022 by $7.65 billion and outlays by $7.144 billion. Over 5 years, budget authority and outlays will increase by $7.079 billion, while there is no net increase to outlays over the 10-year period. I am increasing the aggregate amount of budget authority and outlays for 2022, as well as the allocation to the Committee on Finance and the Senate pay-as-you-go ledger, by those amounts.

Con. Res. 14, the Concurrent Resolution on the Budget for Fiscal Year 2022) ($ in billions) ------------------------------------------------------------------------ 2022 ------------------------------------------------------------------------ Current Spending Aggregates:............................... Budget Authority....................................... 4,137.815 Outlays................................................ 4,497.102 Adjustment: Budget Authority....................................... 7.650 Outlays................................................ 7.144 Revised Aggregates: Budget Authority....................................... 4,145.465 Outlays................................................ 4,504.246 ------------------------------------------------------------------------ REVISIONS TO ALLOCATION TO SENATE COMMITIEES (Pursuant to Section 3003 of S. Con. Res. 14, the Concurrent Resolution on the Budget for Fiscal Year 2022) ($ in billions) ------------------------------------------------------------------------ 2022 2022-2026 2022-2031 ------------------------------------------------------------------------ Finance: Budget Authority............. 2,929.972 15,675.717 37,803.344 Outlays...................... 3,025.410 15,761.012 37,875.037 Adjustments: Budget Authority............. 7.650 7.079 -2.380 Outlays...................... 7.144 7.079 0.000 Revised Allocation: Budget Authority............. 2,937.622 15,682.796 37,800.964 Outlays...................... 3,032.554 15,768.091 37,875.037 ------------------------------------------------------------------------ PAY-AS-YOU-GO SCORECARD FOR THE SENATE (Revisions Pursuant to Section 3003 of S. Con. Res. 14, the Concurrent Resolution on the Budget for Fiscal Year 2022) ($ in billions) ------------------------------------------------------------------------ Balances ------------------------------------------------------------------------ Current Balances: Fiscal Year 2022....................................... 0 Fiscal Years 2022-2026................................. 0 Fiscal Years 2022-2031................................. 0 Revisions: Fiscal Year 2022....................................... 7.144 Fiscal Years 2022-2026................................. 7.079 Fiscal Years 2022-2031................................. 0 Revised Balances: Fiscal Year 2022....................................... 7.144 Fiscal Years 2022-2026................................. 7.079 Fiscal Years 2022-2031................................. 0 ------------------------------------------------------------------------

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