S.Amdt. 3109Senate117th Congress (2021-2023)
S.Amdt. 3109
Sponsored by
Sen. Bill Hagerty (R-TN)
Submitted August 10, 2021
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Senate amendment submitted
August 10, 2021
Text
Submitted
SA 3109. Mr. HAGERTY submitted an amendment intended to be proposed by him to the concurrent resolution S. Con. Res. 14, setting forth the congressional budget for the United States Government for fiscal year 2022 and setting forth the appropriate budgetary levels for fiscal years 2023 through 2031; which was ordered to lie on the table; as follows: At the end of title III, add the following: SEC. 3___. DEFICIT-NEUTRAL RESERVE FUND RELATING TO REDUCING FEDERAL SPENDING IN ORDER TO PREVENT INCREASING INFLATION. The Chairman of the Committee on the Budget of the Senate may revise the allocations of a committee or committees, aggregates, and other appropriate levels in this resolution, and make adjustments to the pay-as-you-go ledger, for one or more bills, joint resolutions, amendments, amendments between the Houses, motions, or conference reports relating to reducing Federal spending in order to prevent increasing inflation, which acts as tax on the middle class of the United States by increasing the costs of goods and services that Americans rely on, by the amounts provided in such legislation for those purposes, provided that such legislation would not increase the deficit over either the period of the total of fiscal years 2022 through 2026 or the period of the total of fiscal years 2022 through 2031. ______