CONGRESS FOR VOTERS

DemocratAmendment · S.Amdt. 1763· Senate(119-SAMDT-1763)

S.Amdt. 1763

Rep. Schatz
Age: 54 years
Hawaii
Introduced
4/4/2025
Sponsored by
Brian Schatz
Cosponsors
None
Changes bill
119-HCONRES-14 — Establishing 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

Mr. Schatz put forward this amendment, known as SA 1763, to deal with the money and rules surrounding tariffs. In plain English, it sets up a deficit-neutral reserve fund relating to limiting tariffs against our allies.

What It Aims to Change or Add

  • It gives the Chairman of the Senate Committee on the Budget the power to change budget allocations and adjust the pay-as-you-go ledger.

  • These changes can be made for legislation dealing with limiting tariffs.

  • This includes the ability to prohibit baseline or individualized tariffs against allied countries that do not pose a national security or economic threat to the United States.

  • There is one big rule attached: any such legislation must not increase the deficit over the total period from fiscal year 2025 through fiscal year 2034.