S.Amdt. 1483

As your legislative analyst, let's break down what this amendment is all about in plain English. Mr. Welch submitted SA 1483 to be proposed for the congressional budget for the fiscal year 2025 and setting forth appropriate budgetary levels for fiscal years 2026 through 2034.

Purpose and Changes

The purpose of this amendment is to add a deficit-neutral reserve fund relating to prohibiting raising the cost of prescription drugs for seniors. It aims to allow the Chairman of the Committee on the Budget of the Senate to revise committee allocations, aggregates, and other appropriate levels in the resolution. It also allows the Chairman to make adjustments to the pay-as-you-go ledger for legislation relating to prohibiting raising the cost of prescription drugs for seniors, as long as that legislation does not increase the deficit over the total period of fiscal years 2025 through 2034.