CONGRESS FOR VOTERS

DemocratAmendment · S.Amdt. 1065· Senate(119-SAMDT-1065)

S.Amdt. 1065

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 text is about an amendment submitted by Ms. Warren, known as SA 1065. The purpose of this amendment is to set up a deficit-neutral reserve fund for hiring additional bank examiners.

What It Changes

  • The amendment aims to allow the Chairman of the Committee on the Budget of the Senate to revise budget allocations and adjustments.

  • These revisions are meant for legislation that deals with hiring more bank examiners to address understaffing issues.

  • The text explicitly states that these understaffing issues contributed to the failures of Silicon Valley Bank, Signature Bank, and First Republic Bank.

  • Any legislation using this fund must not increase the deficit over the total period of fiscal years 2025 through 2034.