S.Amdt. 523

SA 523. Ms. LUMMIS submitted an amendment intended to be proposed by
her to the concurrent resolution S. Con. Res. 5, setting forth the
congressional budget for the United States Government for fiscal year
2021 and setting forth the appropriate budgetary levels for fiscal
years 2022 through 2030; 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 A
TRANSITION TO BALANCED BUDGETING BY THE UNITED
STATES GOVERNMENT.

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 a
transition to balanced budgeting by the United States
Government, which may include requirements that total outlays
for any fiscal year not exceed total receipts for that fiscal
year, unless three-fifths of the whole number of each House
of Congress shall provide by law for a specific excess of
outlays over receipts by a roll call vote, or that prior to
each fiscal year, the President transmits to the Congress a
proposed budget for the United States Government for that
fiscal year in which total outlays do not exceed total
receipts, with exceptions for periods of lower economic
growth, emergencies, and mandatory spending as appropriate,
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 2021 through 2025 or the period of the total of fiscal
years 2021 through 2030.
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