A concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2026 and setting forth the appropriate budgetary levels for fiscal years 2027 through 2035.
Description
This resolution would establish the federal budget for fiscal year 2026 and set budgetary levels and enforcement rules through 2035.
Summary
What it does
This concurrent resolution proposes a federal budget for fiscal year 2026 and establishes projected budgetary levels for fiscal years 2027 through 2035. It outlines recommended amounts for federal revenues, spending outlays, deficits, and public debt, while also setting specific levels for Social Security and Postal Service administrative expenses. Additionally, the resolution would create reserve funds for legislation concerning health savings accounts and government efficiencies, and it establishes various budget enforcement procedures for the Senate.
Who is affected
This resolution affects federal agencies and congressional committees responsible for managing the federal budget, revenues, and spending across major functional categories. It specifically impacts the Social Security Administration and the United States Postal Service regarding the enforcement of discretionary administrative expense levels. Additionally, the resolution establishes frameworks that could affect individuals and entities involved with health savings accounts or those impacted by legislative consolidations and efficiency savings.
Key provisions
- Establishment of Federal Budgetary Levels. The resolution sets forth recommended levels for federal revenues, budget authority, outlays, deficits, and public debt for fiscal year 2026 through fiscal year 2035.
- Functional Spending and Administrative Recommendations. The measure outlines spending amounts for major functional categories and recommends specific levels for Social Security and Postal Service discretionary administrative expenses to facilitate Senate budget enforcement.
- Creation of Budgetary Reserve Funds. The resolution establishes reserve funds allowing for adjustments to committee allocations for legislation concerning health savings accounts or government efficiencies and consolidations.
- Budget Enforcement Procedures. The resolution implements procedures to govern budget points of order, the treatment of emergency legislation, and the application of Congressional Budget Office cost estimates.
Fiscal impact
Not applicable: No CBO cost estimate available
Effective dates
The resolution establishes the congressional budget for fiscal year 2026 and sets forth budgetary levels for the subsequent period of fiscal years 2027 through 2035.
Relationship to existing law
This resolution establishes budgetary levels and enforcement procedures for the federal government, including specific recommendations for the Social Security and Postal Service discretionary administrative expenses used for Senate budget enforcement.
Stated purpose
This concurrent resolution establishes the federal budget for fiscal year 2026 and sets budgetary levels for fiscal years 2027 through 2035, including recommendations for revenue, spending, and debt. It further aims to facilitate budget enforcement in the Senate and create reserve funds for legislation concerning government efficiencies, savings, and health savings accounts.