CONGRESS FOR VOTERS

DemocratAmendment · S.Amdt. 529· Senate(119-SAMDT-529)

S.Amdt. 529

Rep. Kim
Age: 44 years
New Jersey
Introduced
2/20/2025
Sponsored by
Andy Kim
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. Kim submitted this amendment, numbered SA 529, for the congressional budget resolution for fiscal year 2025. In plain English, it sets aside a special financial pool called a deficit-neutral reserve fund.

What It Aims to Change or Add

The amendment adds a new section to the budget resolution that gives the Chairman of the Senate Committee on the Budget the power to change financial allocations and adjustments.

  • This allows the Chairman to make adjustments for legislation related to strengthening Federal disaster response programs.
  • It specifically mentions that this can include legislation that prevents the privatization or cancellation of the National Flood Insurance Program.
  • There is one big rule attached: any legislation passed using this fund must not increase the deficit over the periods of fiscal years 2025 through 2029 or fiscal years 2025 through 2034.