CONGRESS FOR VOTERS

DemocratAmendment · S.Amdt. 1075· Senate(119-SAMDT-1075)

S.Amdt. 1075

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 common-sense breakdown of what Ms. Warren is trying to do with this amendment. As folks who elect these officials, we need to know what they are putting on the table.

This amendment, labeled SA 1075, is about making sure Wall Street banks don't get special treatment that hurts our local community banks.

What It Aims to Change or Add

  • It adds a new section to the budget resolution specifically for a deficit-neutral reserve fund.
  • It allows the Chairman of the Committee on the Budget of the Senate to change allocations, aggregates, and other levels.
  • It allows adjustments to the pay-as-you-go ledger for legislation related to eliminating implicit Government subsidies for Wall Street banks.
  • It targets subsidies that provide an unfair competitive advantage over community banks.
  • It requires that any such legislation would not increase the deficit over the total period of fiscal years 2025 through 2034.