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. | ChamberLight
Bills · SCONRES 7
PASSED SENATE· 119TH CONGRESS
Senate Concurrent Res.SCONRES 7SenateBudget process
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.
INTRO FEB 13· LAST ACTION FEB 21
READING
33MIN
COSPONSORS
0
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
Not a law
LEGISLATIVE PROGRESS
STEP 4 / 8
Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-written
Voters should care about this bill because it reveals Congress's vision for the country's finances over the next ten years. Even though it's not a law that directly spends money, it sets the stage for future laws and influences how much the government might collect in taxes and how much it will spend on various programs, from defense to social services. If this plan becomes the adopted budget framework, it signals where Congress intends to prioritize spending and revenue decisions. If it doesn't pass, or if a different budget is adopted, it could mean different priorities for federal spending, different projections for the national debt, and potentially different outcomes for government programs that affect everyday life.
KEY PROVISIONS
4AI-extracted
PROVISION 01
Establishes overall targets for federal revenues, new budget authority, outlays, deficits, and the national debt for fiscal years 2025 through 2034.
This provides a long-term financial roadmap for the government, influencing future tax and spending policies.
PROVISION 02
Sets recommended spending levels for major government functions, such as National Defense and International Affairs, for each year in the ten-year period.
This outlines Congress's spending priorities across different sectors of government for the coming decade.
PROVISION 03
Includes 'reserve funds' that allow the budget to be adjusted for future legislation, specifically mentioning deficit-neutral changes related to Medicare, Medicaid, and government deregulation.
These funds create flexibility for Congress to address specific policy areas without increasing the national debt, signaling potential legislative focus.
PROVISION 04
Declares recommended changes to federal revenues, showing projected reductions in aggregate revenue levels over the ten-year period.
This indicates a potential future policy direction towards lower government revenue, which could imply future tax cuts or slower revenue growth.
PASSED SENATE· 119TH CONGRESS · BUDGET COMMITTEE · INTRODUCED FEB 13, 2025
Senate Concurrent Res.SCONRES 7SenateBudget process
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.
Voters should care about this bill because it reveals Congress's vision for the country's finances over the next ten years. Even though it's not a law that directly spends money, it sets the stage for future laws and influences how much the government might collect in taxes and how much it will spend on various programs, from defense to social services. If this plan becomes the adopted budget framework, it signals where Congress intends to prioritize spending and revenue decisions. If it doesn't pass, or if a different budget is adopted, it could mean different priorities for federal spending, different projections for the national debt, and potentially different outcomes for government programs that affect everyday life.
KEY PROVISIONS
AI-extracted
high
Establishes overall targets for federal revenues, new budget authority, outlays, deficits, and the national debt for fiscal years 2025 through 2034.
This provides a long-term financial roadmap for the government, influencing future tax and spending policies.
high
Sets recommended spending levels for major government functions, such as National Defense and International Affairs, for each year in the ten-year period.
This outlines Congress's spending priorities across different sectors of government for the coming decade.
med
Includes 'reserve funds' that allow the budget to be adjusted for future legislation, specifically mentioning deficit-neutral changes related to Medicare, Medicaid, and government deregulation.
These funds create flexibility for Congress to address specific policy areas without increasing the national debt, signaling potential legislative focus.
med
Declares recommended changes to federal revenues, showing projected reductions in aggregate revenue levels over the ten-year period.
This indicates a potential future policy direction towards lower government revenue, which could imply future tax cuts or slower revenue growth.
GLOSSARY
AI-written
Concurrent Resolution
A type of legislative measure adopted by both the House and Senate, but it does not become law. It is often used for internal procedural matters or to express congressional opinion, like setting a budget framework.
Fiscal Year (FY)
The 12-month period used by the government for budgeting and accounting. The U.S. federal fiscal year begins on October 1 and ends on September 30 of the following calendar year (e.g., FY2025 starts October 1, 2024).
Budget Authority
The legal power given by Congress to federal agencies to enter into financial obligations that will result in outlays (spending) of federal funds. It is not the actual spending, but the permission to commit to spending.
Outlays
The actual amounts of money spent by the government in a given fiscal year. These occur when funds are paid out, usually following budget authority being granted.
Deficit
The amount by which government spending (outlays) exceeds government income (revenues) in a single fiscal year.
Public Debt
The total amount of money that the U.S. federal government owes to its creditors, accumulated over time from past deficits.
Reconciliation
ACTION TIMELINE
9 EVENTS
FEB 21, 25
Passed/agreed to in Senate: Resolution agreed to in Senate with amendments by Yea-Nay Vote. 52 - 48. Record Vote Number: 87.
FLOOR
FEB 21, 25
Resolution agreed to in Senate with amendments by Yea-Nay Vote. 52 - 48. Record Vote Number: 87. (text: CR S1119-1125)
FLOOR
FEB 20, 25
Considered by Senate. (consideration: CR S1061-1063, S1075-1119)
FLOOR
FEB 19, 25
Considered by Senate. (consideration: CR S1015-1019)
A special legislative process used by Congress to pass budget-related legislation that adjusts existing laws to meet the spending and revenue targets set in a budget resolution. It's often used to quickly enact changes to taxes or mandatory spending programs.
Reserve Fund
A provision in a budget resolution that allows congressional committees to adjust budget allocations for specific legislation (e.g., on healthcare or deregulation) under certain conditions, typically that the new legislation does not increase the deficit.
Major Functional Categories
Broad classifications used in the federal budget to group government activities by their purpose or function, such as National Defense, Education, or Health. This helps organize and analyze federal spending priorities.
