CONGRESS FOR VOTERS

DemocratAmendment · S.Amdt. 709· Senate(119-SAMDT-709)

S.Amdt. 709

Rep. Reed
Age: 77 years
Rhode Island
Introduced
2/20/2025
Sponsored by
John Reed
Cosponsors
Democrat - 6Republican - 0
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

Here is what you need to know about SA 709, brought forward by Mr. Reed and his colleagues. Put simply, this amendment creates a reserve fund for building 5,000,000 new homes.

What It Changes and Adds

  • Allows the Chairman of the Committee on the Budget of the Senate to change allocations, aggregates, and other levels in the resolution.

  • Allows adjustments to the pay-as-you-go ledger for bills, joint resolutions, amendments, amendments between the Houses, motions, or conference reports.

  • Targets actions relating to building 5,000,000 new housing units.

  • May include investments in the Housing Trust Fund or the HOME Investment Partnerships program.

  • May include investments to lower regulatory barriers to new home construction by the amounts provided in such legislation for those purposes.