3.0.0 1392 2023-01-11T13:49:09Z 2023-01-11T13:49:09Z Senate S 2021-04-27 117 ssbu00 Budget Committee Senate Standing Referred to 2021-04-27T22:23:35Z A bill to establish the Federal Rainy Day Fund to control emergency spending. 117 3008 S 2021-10-20 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 149. Related bill CRS 2021-04-27 ssbu00 Budget Committee Senate Read twice and referred to the Committee on the Budget. IntroReferral 2021-04-27 Introduced in Senate IntroReferral 10000 9 Library of Congress B001310 Sen. Braun, Mike [R-IN] Mike Braun R IN N Economics and Public Finance Appropriations Budget process Congressional oversight Disaster relief and insurance Executive agency funding and structure Fires Forests, forestry, trees Government studies and investigations Government trust funds Legislative rules and procedure Senate Economics and Public Finance 00 2021-04-27 Introduced in Senate 2022-08-10T21:12:29Z This bill establishes a Federal Rainy Day Fund to fund emergency spending. Under the bill, an emergency is any occasion or instance for which federal assistance is needed to supplement state and local efforts and capabilities to save lives and to protect property, public health, and safety; or to lessen or avert the threat of a catastrophe in any part of the United States.

The bill authorizes annual appropriations to the fund that are equal to 2% of the amount of the previous year's nonemergency discretionary spending.

In addition, the bill modifies or establishes various budget enforcement procedures to address spending from the fund. For example, the bill

  • establishes a point of order to prohibit the fund from being used for nonemergency spending,
  • establishes a point of order against provisions that provide emergency spending from the general fund of the Treasury when unobligated funds are available in the rainy day fund, and
  • repeals a provision that currently requires adjustments to discretionary spending limits to accommodate emergency spending.

Finally, the bill requires the Government Accountability Office to report on the relationship between emergency, disaster, and wildfire spending, including any recommendations to modify the spending that qualifies as emergency spending.

]]> A bill to establish the Federal Rainy Day Fund to control emergency spending. Display Title A bill to establish the Federal Rainy Day Fund to control emergency spending. Official Title as Introduced A bill to establish the Federal Rainy Day Fund to control emergency spending. Introduced in Senate IS Introduced in Senate 2021-04-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s1392is/xml/BILLS-117s1392is.xml 2021-04-27 Read twice and referred to the Committee on the Budget. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.