S.Amdt. 198Senate119th Congress (2025-2027)

To modify the provision relating to the general reserve fund.

Submitted February 20, 2025

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Senate amendment not agreed to: Amendment SA 198 not agreed to in Senate by Voice Vote.

February 21, 2025

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Senate amendment not agreed to: Amendment SA 198 not agreed to in Senate by Voice Vote.

February 21, 2025

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Senate amendment proposed (on the floor): Amendment SA 198 proposed by Senator King.

February 21, 2025

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Amendment SA 198 proposed by Senator King. (consideration: CR S1116-1117) To modify the provision relating to the general reserve fund.

February 21, 2025

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Amendment SA 198 not agreed to in Senate by Voice Vote.

February 21, 2025

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Senate amendment submitted

February 20, 2025

Text

Submitted

SA 198. Mr. KING (for himself, Mr. Schatz, and Mr. Merkley) proposed
an amendment to the concurrent resolution S. Con. Res. 7, setting forth
the congressional budget for the United States Government for fiscal
year 2025 and setting forth the appropriate budgetary levels for fiscal
years 2026 through 2034; as follows:

Beginning on page 52, strike line 20 and all that follows
through page 53, line 6, and insert the following:

SEC. 3002. DEFICIT-NEUTRAL RESERVE FUND FOR LEGISLATION THAT
DOES NOT INCREASE TAX BREAKS FOR THE WEALTHY.

(a) Senate.--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
by the amounts provided in such legislation, provided that
such legislation does not reduce the average tax liability of
taxpayers with income over $500,000,000 and provided that
such legislation would not increase the deficit over the
period of the total of fiscal years 2025 through 2034.
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