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Budgetary Revisions

Floor Speech

Date: June 23, 2022
Location: Washington, DC

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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 Committee on the Budget to revise budget aggregates and committee allocations for legislation that would not increase the deficit over the period of fiscal years 2022 to 2031.

The Senate will soon consider S. 2938, the Bipartisan Safer Communities Act, as proposed to be amended by Senate Amendment No. 5099, which meets the condition of not increasing the deficit over the relevant 10-year period. As such, I am filing a revision to the aggregates and committee allocations under the budget resolution, which were last revised on April 7, as well as the Senate pay-as-you-go scorecard. Specifically, the Congressional Budget Office estimates that Division A of the bill would increase 2022 budget authority by $7.5 billion and increase 2022 outlays by $1 million but decrease spending over the 5- and 10-year windows. Over the 2022-2026 period, the bill would decrease spending by $5.7 billion and increase revenues by $4 million. Over the 2022-2031 period, the bill would decrease spending by $5.3 billion and increase revenue by $10 million. Division B of the bill appropriates additional discretionary spending, but that spending is designated as an emergency and not subject to budget enforcement.

Con. Res. 14, the Concurrent Resolution on the Budget for Fiscal Year 2022) ($ in billions) ------------------------------------------------------------------------ 2022 ------------------------------------------------------------------------ Current Spending Aggregates: Budget Authority....................................... 4,169.593 Outlays................................................ 4,503.538 Adjustment: Budget Authority....................................... 7.097 Outlays................................................ -0.340 Revised Aggregates: Budget Authority....................................... 4,176.690 Outlays................................................ 4,503.198 ------------------------------------------------------------------------ Note: Adjustments reflect the mandatory costs in Division A of S. 2938,

the Bipartisan Safer Communities Act, as proposed to be amended by

Senate Amendment 5099. The discretionary spending in Division B is

designated as an emergency and not subject to budget enforcement.

Adjustment also revises a previous program integrity adjustment to

exclude off-budget amounts appropriated for SSDI. REVISIONS TO BUDGET REVENUE AGGREGATES (Pursuant to Section 3003 of S. Con. Res. 14, the Concurrent Resolution on the Budget for Fiscal Year 2022) ($ in billions) ------------------------------------------------------------------------ 2022 2022-2026 2026-2031 ------------------------------------------------------------------------ Current Revenue Aggregates....... 3,409.875 17,817.012 39,007.531 Adjusments....................... 0.000 0.004 0.010 Revised Revenue Aggregates....... 3,409.875 17,817.16 39,007.541 ------------------------------------------------------------------------ REVISIONS TO ALLOCATION TO SENATE COMMITTEES (Pursuant to Section 3003 of S. Con. Res. 14, the Concurrent Resolution on the Budget for Fiscal Year 2022) ($ in billions) ------------------------------------------------------------------------ 2022 2022-2026 2026-2031 ------------------------------------------------------------------------ Judiciary: Budget Authority............. 19.326 90.419 183.057 Outlays...................... 18.598 92.358 183.989 Adjustments: Budget Authority............. 7.53 -5.702 -5.298 Outlays...................... 0.001 -5.715 -5.308 Revised allocation: Budget Authority............. 26.829 84.717 177.759 Outlays...................... 18.599 86.643 178.681 ------------------------------------------------------------------------ Note: Adjustments reflect the mandatory costs and savings in Division A

of S. 2938, the Bipartisan Safer Communities Act, as proposed to be

amended by Senate Amendment 5099. The discretionary spending in

Division B is designated as an emergency and not subject to budget

enforcement. 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....................................... -8.424 Fiscal Years 2022-2026................................. -75.460 Fiscal Years 2022-2031................................. -138.777 Revisions: Fiscal Year 2022....................................... 0.001 Fiscal Years 2022-2026................................. -5.719 Fiscal Years 2022-2031................................. -5.318 Revised Balances: Fiscal Year 2022....................................... -8.423 Fiscal Years 2022-2026................................. -81.179 Fiscal Years 2022-2031................................. -144.095 ------------------------------------------------------------------------

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