S.Amdt. 1595

Mr. Padilla submitted amendment SA 1595 to the concurrent resolution establishing the congressional budget for the United States Government for 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 section requiring a Congressional Budget Office report. It aims to add the following requirements to the bill:

• Not later than 90 days after the concurrent resolution is agreed to, the Director of the Congressional Budget Office must submit a report to Congress.
• The report must cover the impact that the tariffs imposed by President Donald Trump would have on the economy, the cost of consumer goods, and inflation.
• The report must include an estimate of the cost of such tariffs to the people of the United States, broken down by income bracket.