CONGRESS FOR VOTERS

DemocratAmendment · S.Amdt. 1060· Senate(119-SAMDT-1060)

S.Amdt. 1060

Rep. Warren
Age: 77 years
Massachusetts
Introduced
2/20/2025
Sponsored by
Elizabeth Warren
Cosponsors
None
Changes bill
119-SCONRES-7 — An original concurrent resolution 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.
  1. Introduced
  2. Pending Consideration

What this amendment would do

Here is the plain-language breakdown of what Senator Warren is trying to do with this amendment. As folks we voted for, we need to know what they are working on, and this one is pretty straightforward.

What the Amendment Does

  • Sets up a special fund: The amendment creates a deficit-neutral reserve fund for the Senate Budget Committee Chairman to use.

  • Changes the budget numbers: It lets the Chairman adjust financial allocations and the pay-as-you-go ledger for specific pieces of legislation.

  • Covers a specific timeframe: These adjustments apply to bills, resolutions, or amendments considered for the total of fiscal years 2025 through 2034.

The Purpose of the Amendment

  • Protects key programs: Its explicit purpose is to relate to prohibiting the elimination of the Federal Deposit Insurance Corporation and Federal deposit insurance.

  • Prevents added debt: The rules require that any legislation using this fund would not increase the deficit over that 2025 through 2034 time period.