[Congressional Record Volume 168, Number 25 (Tuesday, February 8, 2022)]
[Senate]
[Page S570]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
BUDGETARY REVISIONS
Mr. SANDERS. Mr. President, S. Con. Res. 14, the fiscal year 2022
congressional budget resolution, included authority in section 4009 to
allow the chairman of the Committee on the Budget to adjust budget
aggregates and committee allocations after the enactment of bipartisan
infrastructure legislation. Similarly, the reserve fund in section 3003
allows the chairman to revise these levels as well as make adjustments
to the pay-as-you-go ledger for legislation that would not increase the
deficit over the period of 2022 to 2031.
H.R. 3684, the Infrastructure Investment and Jobs Act was enacted on
November 15, 2021, meets the conditions of being bipartisan
infrastructure legislation. As a result, I am revising the budget
spending aggregates and the allocation to the Committee on
Appropriations by $3,230 million in outlays resulting from the increase
in contract authority included in that bill.
Furthermore, the combined budgetary impact of the direct spending and
revenue provisions in that bill reduce the deficit over 10 years. The
Congressional Budget Office estimates that H.R. 3684 will decrease
nonemergency mandatory outlays by $3.7 billion in 2022 and by almost
$90 billion over the period 2022 through 2031. Revenues will increase
by more than $8 billion in 2022 and more than $50 billion over the
period 2022 through 2031. As such, I am revising the spending and
revenue aggregates and the allocation to the Committee on Environment
and Public Works by the relevant amounts. I am also revising the Senate
pay-as-you-go scorecard. The Infrastructure Investment and Jobs Act
also increased discretionary spending; that spending is designated as
an emergency and is therefore excluded from enforceable budgetary
spending levels and committee allocations.
Finally, section 4004 of the budget resolution allows the chairman to
adjust budgetary levels for legislation containing disaster relief
funding. I am increasing the outlay allocation to the Committee on
Appropriations by $89 million as a result of passage of H.R. 5305, the
Extending Government Funding and Delivering Emergency Assistance Act,
which was enacted on September 30, 2021.
I ask unanimous consent that the accompanying tables, which provide
details about the adjustment, be printed in the Record.
There being no objection, the material was ordered to be printed in
the Record, as follows:
PAY-AS-YOU-GO SCORECARD FOR THE SENATE
[Revisions Pursuant to Section 3003 of S. Con. Res. 14, the Concurrent
Resolution on the Budget for Fiscal Year 2022]
[$ in billions]
------------------------------------------------------------------------
Balances
------------------------------------------------------------------------
Current Balances:
Fiscal Year 2022....................................... 7.144
Fiscal Years 2022-2026................................. 7.079
Fiscal Years 2022-2031................................. 0
Revisions:
Fiscal Year 2022....................................... -15.506
Fiscal Years 2022-2026................................. -82.969
Fiscal Years 2022-2031................................. -138.704
Revised Balances:
Fiscal Year 2022....................................... -8.362
Fiscal Years 2022-2026................................. -75.890
Fiscal Years 2022-2031................................. -138.704
------------------------------------------------------------------------
Note: Adjustment reflects the direct spending and revenue implications
of H.R. 3684, the Infrastructure Investment and Jobs Act. Pursuant to
section 3110 of S. Con. Res. 11 (114th Congress), the FY 2016 budget
resolution, the adjustment excludes $21 billion over ten years of
increased enterprise guarantee fees.
REVISIONS TO BUDGET AGGREGATES--BUDGET AUTHORITY AND OUTLAYS
(Pursuant to Sections 4004 & 4009 of S. Con. Res. 14)
($ in billions)
------------------------------------------------------------------------
2022
------------------------------------------------------------------------
Current Spending Aggregates:
Budget Authority....................................... 4,145.465
Outlays................................................ 4,504.246
Adjustment:
Budget Authority....................................... -2.226
Outlays................................................ -3.692
Revised Aggregates:
Budget Authority....................................... 4,143.239
Outlays................................................ 4,500.554
------------------------------------------------------------------------
Note: The adjustment represents an adjustment pursuant to Sec. 4009 of
S. Con. Res 14 for a bipartisan infrastructure agreement that reduced
direct spending budget authority and outlays but increased
discretionary outlays, as well as an adjustment pursuant to Sec. 4004
for additional disaster-related outlays from H.R. 5305. Pursuant to
section 3110 of S. Con Res. 11 (114th Congress), the FY 2016 budget
resolution, the adjustment excludes $2.9 billion of increased
enterprise guarantee fees.
REVISIONS TO BUDGET REVENUE AGGREGATES
(Pursuant to Sections 3003 & 4009 of S. Con. Res. 14, the Concurrent
Resolution on the Budget for Fiscal Year 2022)
($ in billions)
------------------------------------------------------------------------
2022 2022-2026 2026-2031
------------------------------------------------------------------------
Current Revenue Aggregates....... 3,401.380 17,795.693 38,957.446
Adjustments...................... 8.495 21.319 50.085
Revised Revenue Aggregates....... 3,409.875 17,817.012 39,007.531
------------------------------------------------------------------------
Note: Adjustment includes additional revenue enacted in H.R. 3684, the
Infrastructure Investment and Jobs Act.
REVISIONS TO ALLOCATION TO SENATE COMMITTEES
(Pursuant to Sections 3003 & 4009 of S. Con. Res. 14, the Concurrent
Resolution on the Budget for Fiscal Year 2022)
($ in billions)
------------------------------------------------------------------------
2022 2022-2026 2026-2031
------------------------------------------------------------------------
Environment and Public Works:
Budget Authority............. 48.743 243.930 492.473
Outlays...................... 14.326 39.006 63.219
Revisions
Budget Authority............. -2.226 14.580 72.681
Outlays...................... -7.011 -61.650 -88.619
Revised Environment & Public
Works:
Budget Authority............. 46.517 258.510 565.154
Outlays...................... 7.315 -22.644 -25.400
------------------------------------------------------------------------
Note: Adjustment includes additional direct spending budget authority
and net outlay reductions enacted in H.R. 3684, the Infrastructure
Investment and Jobs Act. Pursuant to section 3110 of S. Con. Res. 11
(114th Congress), the FY 2016 budget resolution, the adjustment
excludes $21 billion over ten years of increased enterprise guarantee
fees.
REVISIONS TO THE OUTLAY ALLOCATIONS TO THE COMMITTEE ON APPROPRIATIONS
FOR FISCAL YEAR 2022
(Pursuant to Sections 4004 & 4009 of S. Con. Res 14)
($ in billions)
------------------------------------------------------------------------
Current Revised
Allocation Adjustments Allocation
------------------------------------------------------------------------
General Purpose Discretionary 1,676.447 3.319 1,679.766
Outlays.........................
------------------------------------------------------------------------
Note: The adjustment for outlays represents an adjustment pursuant to
Sec. 4009 of S. Con. Res. 14 for a bipartisan infrastructure agreement
for $3,230 million of additional outlays from the increased level of
contract authority in H.R. 3684 and an adjustment pursuant to Sec.
4004 for $89 million of additional disaster-related outlays from H.R.
5305.
____________________