A bill to amend the Balanced Budget and Emergency Deficit Control Act of 1985 to extend the discretionary spending limits.

Bill: 117-s-3007
Sponsor: full_name: Sen. Braun, Mike [R-IN]
Introduced: 2021-10-19
Policy area: Economics and Public Finance
Latest action: action_date: 2021-10-20
text: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 148.

Summaries:
action_date: 2021-10-19
action_desc: Introduced in Senate
text: <p>This bill establishes annual discretionary spending limits for FY2022-FY2024. (Discretionary spending is spending that is controlled through the appropriations process.)</p>

tv_txt: II Calendar No. 148 117th CONGRESS 1st Session S. 3007 IN THE SENATE OF THE UNITED STATES October 19, 2021 Mr. Braun introduced the following bill; which was read the first time October 20, 2021 Read the second time and placed on the calendar A BILL To amend the Balanced Budget and Emergency Deficit Control Act of 1985 to extend the discretionary spending limits.

1. Extension of discretionary spending limits Section 251(c) of the Balanced Budget and Emergency Deficit Control Act of 1985 ( 2 U.S.C. 901(c) ) is amended— (1) in paragraph (7)(B), by striking and at the end; and (2) by inserting after paragraph (8) the following: (9) for fiscal year 2022— (A) for the revised security category, $684,930,000,000 in new budget authority; and (B) for the revised nonsecurity category, $639,030,000,000 in new budget authority; (10) for fiscal year 2023— (A) for the revised security category, $698,628,600,000 in new budget authority; and (B) for the revised nonsecurity category, $651,810,600,000 in new budget authority; and (11) for fiscal year 2024, and each fiscal year thereafter— (A) for the revised security category, the baseline amount of new budget authority estimated for the revised security category for such fiscal year by the Office of Management and Budget in accordance with section 257; and (B) for the revised nonsecurity category, the baseline amount of new budget authority estimated for the revised nonsecurity category for such fiscal year by the Office of Management and Budget in accordance with section 257; .

October 20, 2021 Read the second time and placed on the calendar