CONGRESS FOR VOTERS

IndependentAmendment · S.Amdt. 1772· Senate(119-SAMDT-1772)

S.Amdt. 1772

Rep. King
Age: 82 years
Maine
Introduced
4/4/2025
Sponsored by
Angus King
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

As an analyst looking out for you, let's break down what Mr. King is trying to do here in plain English. This text is about an amendment, numbered SA 1772, that was submitted for the 2025 congressional budget resolution.

What It Aims to Change

The purpose of this amendment is to set up a deficit-neutral reserve fund. In common sense terms, this gives the Chairman of the Senate Committee on the Budget the power to change budget numbers and adjustments for certain legislation under specific rules.

Here is what the legislation has to do to qualify:

  • It must relate to legislation that does not reduce the average tax liability of corporations with income over $1,000,000,000.
  • It must not increase the deficit over the total period of fiscal years 2025 through 2034.