S.Amdt. 1766

Mr. Schatz, along with several other senators, submitted SA 1766 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.

What It Aims to Change or Add

• The amendment adds a deficit-neutral reserve fund relating to limiting tariffs that negatively impact rural and low-income communities.
• It allows the Chairman of the Committee on the Budget of the Senate to revise committee allocations, aggregates, and other appropriate levels, and make adjustments to the pay-as-you-go ledger.
• These adjustments are for legislation relating to limiting tariffs, which may include prohibiting tariffs that would negatively impact rural and low-income communities through inflation and higher consumer costs.
• The changes are allowed provided that the legislation would not increase the deficit over the total period of fiscal years 2025 through 2034.