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.
This bill is a Senate concurrent resolution that sets the congressional budget for fiscal year 2026 and establishes the budgetary levels to guide Congress through fiscal year 2035. It lays out numeric targets for federal revenues, new budget authority, and total outlays, as well as the resulting deficits and debt levels over a 10-year window. The resolution also assigns specific budget-shaped allocations to major functional categories (like National Defense, Health, Education, Social Security, etc.) and provides Senate-specific revenue/outlay rules for Social Security and the Postal Service. In addition, it creates reserve funds aimed at deficit reduction and health savings accounts, and it outlines budget-process rules designed to constrain legislation and enforcement (including emergency spending treatments and points of order). Important to note: as a concurrent resolution, this bill does not become law or directly appropriate funds. Instead, it sets a framework and targets that guide the annual appropriations process and budget discipline for both chambers of Congress, affecting how future bills are evaluated and scored against the budget plan.
Key Points
- 1Sets comprehensive 10-year budget targets (fiscal years 2026–2035) for:
- 2- Federal revenues, new budget authority, total outlays, deficits, and public debt (overall and debt held by the public), creating a framework for budget discipline.
- 3- Detailed dollar-by-dollar levels by major functional category (e.g., National Defense, Health, Medicare, Social Security, Education, Energy, Transportation, etc.).
- 4Establishes reserve funds:
- 5- Deficit Reduction Fund for efficiencies, consolidations, and other savings.
- 6- Reserve fund relating to health savings accounts.
- 7Budget-process rules (Title III) to strengthen enforcement:
- 8- Voting threshold for points of order: covered budget points of order can only be waived by a two-thirds vote in the Senate; appeals of Chair rulings on these points also require a two-thirds vote to sustain.
- 9- Emergency legislation provisions: allows designation of certain provisions as “emergency” with a two-thirds vote, with special treatment for such provisions under budget enforcement rules.
- 10- Provisions for enforcement, breakdowns of cost estimates by budget function, and procedures for adjustments or reductions of appropriations.
- 11Senate-specific budget details (Title II):
- 12- Social Security: specified revenue and outlay levels for the Old-Age and Survivors Insurance and Disability Insurance Trust Funds; administrative expense levels for the Senate.
- 13- Postal Service: discretionary administrative expenses in the Senate.
- 14Budget integrity tools:
- 15- Provisions for new efficiencies and offsetting receipts, including undistributed offsetting receipts and transfers, to influence the net effect on deficits and debt.