CONGRESS FOR VOTERS

DemocratAmendment · S.Amdt. 361· Senate(119-SAMDT-361)

S.Amdt. 361

Rep. Welch
Age: 79 years
Vermont
Introduced
2/20/2025
Sponsored by
Peter Welch
Cosponsors
None
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. Pending Consideration

What this amendment would do

Mr. Welch proposed amendment SA 361 to the concurrent resolution on the budget for fiscal year 2025. The purpose of this amendment is to add a deficit-neutral reserve fund relating to promoting innovation, domestic job creation, and United States competitiveness.

Changes and Additions to the Bill

The amendment adds a new section to the end of title III of the budget resolution. Specifically, 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 revisions and adjustments can be made for legislation relating to promoting innovation, domestic job creation, and the competitiveness of the United States. According to the text, this may include prohibiting rescissions to Federal programs established under the CHIPS Act of 2022, such as the Regional Technology and Innovation Hubs Program, and incentives and investments related to onshoring domestic semiconductor production administered by the Department of Commerce.

These changes are allowed only if the legislation provides amounts for those purposes and does not increase the deficit over the total period of fiscal years 2025 through 2034.