To establish a deficit-neutral reserve fund relating to Congress continuing its work to rein in the administrative state by supporting legislation that prevents Federal agencies from finalizing major rules without congressional approval, strengthens the Article 1 law-making powers of Congress, cuts spending resulting from costly regulations, reduces inflation, and unleashes economic growth.

Mr. Lee proposed amendment SA 922 to the concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2025 and the appropriate budgetary levels for fiscal years 2026 through 2034.

The purpose of this amendment is to add a deficit-neutral reserve fund relating to government deregulation at the end of title III.

The amendment aims to allow 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. This applies to legislation relating to reducing burdensome and costly Federal Government regulations by passing legislation focused on government deregulation.

It aims to decrease new spending arising from such regulations, reassert the proper constitutional role of Congress in the law-making process by the amounts provided in such legislation for those purposes, provided that such legislation would not increase the deficit over either the period of the total of fiscal years 2025 through 2029 or the period of the total of fiscal years 2025 through 2034.