CONGRESS FOR VOTERS

DemocratAmendment · S.Amdt. 389· Senate(119-SAMDT-389)

S.Amdt. 389

Rep. Peters
Age: 68 years
Michigan
Introduced
2/20/2025
Sponsored by
Gary Peters
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. Peters submitted amendment SA 389 to the Senate budget resolution for fiscal year 2025. The purpose of this amendment is to create a deficit-neutral reserve fund relating to preventing unelected billionaires from using government positions to enrich themselves.

Changes and Additions to the Bill

  • The amendment adds a new section to title III of the budget resolution.

  • It allows the Chairman of the Committee on the Budget of the Senate to revise committee allocations, aggregates, and other levels.

  • It permits adjustments to the pay-as-you-go ledger for legislation relating to ensuring that certain individuals complete specific actions.

  • The targeted individuals are each special Government employee with a net worth of more than $1,000,000,000.

  • These individuals must complete a public financial disclosure form and divest stock or themselves of any position in any company that does business with the Government.

  • If they do not, companies associated with such special Government employees shall be barred from contracting with the Government.

  • The changes apply as long as the legislation would not increase the deficit over the total of fiscal years 2025 through 2034.