CONGRESS FOR VOTERS

DemocratAmendment · S.Amdt. 1061· Senate(119-SAMDT-1061)

S.Amdt. 1061

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

This amendment, submitted by Ms. Warren, aims to add a deficit-neutral reserve fund to the budget resolution. Common sense tells us that this sets aside a tool for lawmakers to work on legislation without adding to the national debt.

The Purpose of the Change

The purpose is to focus on preventing terrorists and human traffickers from using crypto assets to pay for their criminal activities, or to get around sanctions and money laundering laws.

How It Changes the Bill

The amendment allows the Chairman of the Committee on the Budget of the Senate to change financial allocations and adjustments for legislation. This can only happen if the specific legislation deals with stopping terrorists and human traffickers from using crypto assets for crimes, and as long as the legislation does not increase the deficit between fiscal years 2025 and 2034.