About S1332

A bill to set forth the congressional budget for the United States Government for fiscal year 2020 and setting forth the appropriate budgetary levels for fiscal years 2021 through 2029.

Policy Area: Economics and Public Finance

Sponsor: Sen. Paul, Rand [R-KY] (R-KY)

Latest Action (2019-06-03): Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 22 – 69. Record Vote Number: 130. (CR S3153)

Summary

This bill establishes the congressional budget for the federal government for FY2020 and sets forth budgetary levels for FY2021-FY2029. The bill recommends levels and amounts for FY2020-FY2029 for federal revenues, new budget authority, budget outlays, deficits, public debt, debt held by the public, and the major functional categories of spending. It also recommends levels and amounts for FY2020-FY2029 in the Senate for Social Security and Postal Service discretionary administrative expenses. The bill includes reconciliation instructions that direct several Senate committees to report and submit to the Senate Budget Committee legislation to reduce the deficit by specified amounts over FY2020-FY2029. The committees include the Senate Agriculture, Nutrition, and Forestry Committee; the Senate Armed Services Committee; the Senate Banking, Housing, and Urban Affairs Committee; the Senate Energy and Natural Resources Committee; the Senate Health, Education, Labor, and Pensions Committee; the Senate Homeland Security and Governmental Affairs Committee; and the Senate Veterans Affairs Committee. The Senate Finance Committee must report and submit legislation to reduce the deficit and revenues by specified amounts over FY2020-FY2029. (Under the Congressional Budget Act of 1974, reconciliation bills are considered by Congress using expedited legislative procedures that prevent a filibuster and restrict amendments in the Senate.) The bill establishes re

Subjects: Appropriations, Budget deficits and national debt, Budget process, Defense spending, Disability assistance, Economic theory, Executive agency funding and structure, Government trust funds

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