HCONRES 125 · 114th Congress · Economics and Public Finance

Establishing the congressional budget for the United States Government for fiscal year 2017 and setting forth the appropriate budgetary levels for fiscal years 2018 through 2026.

Introduced 2016-03-23· Sponsored by Rep. Price, Tom [R-GA-6]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Placed on the Union Calendar, Calendar No. 356.(2016-03-23)

Plain Language Summary

[AI summary unavailable — showing source text] Establishes the congressional budget for the federal government for FY2017 and sets forth budgetary levels for FY2018-FY2026. Recommends levels and amounts for FY2017-FY2026 for federal revenues, new budget authority, budget outlays, deficits (on-budget), debt subject to limit, debt held by the public, and the major functional categories of spending. Includes reconciliation instructions directing 12 House authorizing committees to submit deficit reduction legislation to the House Budget Committee within 90 days of adoption of the budget resolution. Sets forth budget enforcement procedures addressing: long-term direct spending; allocations for Overseas Contingency Operations/ Global War on Terrorism; changes in mandatory programs; estimates of debt service costs, credit programs, direct spending legislation, macroeconomic effects, land conveyances, and energy saving performance contracts; adjustments of spending levels; advance appropriations; transfers to the Highway Trust Fund; Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) guarantee fees; and Federal Reserve System surpluses. Establishes reserve funds for legislation re…

Summarized by Claude AI · Non-partisan · For informational purposes only