CONGRESS FOR VOTERS

IndependentAmendment · S.Amdt. 198· Senate(119-SAMDT-198)

To modify the provision relating to the general reserve fund.

Rep. King
Age: 82 years
Maine
Introduced
2/20/2025
Last activity
2/21/2025 — Amendment SA 198 not agreed to in Senate by Voice Vote.
Sponsored by
Angus King
Cosponsors
Independent - 0Democrat - 2
Changes bill
119-SCONRES-7 — An original concurrent resolution setting forth 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. Failed

What this amendment would do

As folks looking out for the people and holding our officials accountable, we need to know what this proposal is all about. This amendment, numbered SA 198, was proposed by Mr. King along with Mr. Schatz and Mr. Merkley for the fiscal year 2025 budget resolution.

What It Aims to Change

The amendment aims to change the bill by creating a specific deficit-neutral reserve fund for legislation. Put simply, it gives the Chairman of the Senate Committee on the Budget the power to make adjustments for certain bills or amendments, but with two strict rules.

  • The legislation must not reduce the average tax liability of taxpayers with income over $500,000,000.

  • The legislation must not increase the deficit over the total period of fiscal years 2025 through 2034.