[Congressional Record Volume 170, Number 71 (Tuesday, April 23, 2024)]
[Senate]
[Pages S2994-S2995]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                          BUDGETARY REVISIONS

  Mr. WHITEHOUSE. Mr. President, today the Senate passed H.R. 815, the 
National Security Act of 2024. This bill supports Ukrainian victory 
against Putin and his war machine, bolsters Israel's security, and 
reiterates our longstanding commitment to Taiwan and its democratic 
values. This legislation also provides needed humanitarian resources 
for Gaza, Ukraine, Armenia, Haiti, Sudan, the Rohingya, and others. And 
H.R. 815 contains my bipartisan Rebuilding Economic Prosperity and 
Opportunity, or REPO, for Ukrainians Act, co-authored with Senator 
Risch, which would provide additional assistance to Ukraine using 
assets from the Central Bank of the Russian Federation and other 
sovereign assets. Hundreds of billions of dollars of Russian sovereign 
assets have been frozen--including billions here in the United States--
since the start of Russia's murderous invasion. This legislation will 
help Ukraine rebuild after it beats back the Russian invasion, by 
seizing and repurposing the Putin regime's frozen funds. Because this 
legislation only uses confiscated assets to assist Ukraine, any 
increases in direct spending are fully paid for.
  I previously adjusted budgetary levels on March 8, 2024, to 
accommodate the Senate-passed national security supplemental and am 
making further revisions for the current House-passed version. Because 
H.R. 815 is still deficit-neutral with the addition of the REPO Act, I 
am adjusting the committee allocations and aggregates to accommodate 
the legislation. Section 121(c) of the Fiscal Responsibility Act of 
2023 contains a reserve fund that authorizes the Budget Committee 
chairman to revise budget aggregates and

[[Page S2995]]

committee allocations for legislation that would not increase the 
deficit over the period of fiscal years 2024 to 2033.
  Additionally, I am revising the allocation to the Committee on 
Appropriations, colloquially known as the 302(a), consistent with the 
bill before the Senate. It contains slightly less emergency-designated 
spending than the version that passed the Senate in February.
  Section 251 of the Balanced Budget and Emergency Deficit Control Act 
of 1985, as amended by the Fiscal Responsibility Act of 2023, 
establishes statutory limits on discretionary funding levels for fiscal 
years 2024 and 2025 and allows adjustments to those limits. Sections 
302 and 314(a) of the Congressional Budget Act allow the chairman of 
the Budget Committee to revise the allocations, aggregates, and levels 
consistent with those adjustments.
  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:

      REVISIONS TO BUDGET AGGREGATES--BUDGET AUTHORITY AND OUTLAYS
  (Pursuant to Section 121 of the Fiscal Responsibility Act of 2023 and
          Section 314 of the Congressional Budget Act of 1974)
                             ($ in billions)
------------------------------------------------------------------------
                                                                 2024
------------------------------------------------------------------------
Current Spending Aggregates:
    Budget Authority.......................................    5,036.175
    Outlays................................................    5,097.363
Adjustment:
    Budget Authority.......................................       -0.015
    Outlays................................................       -7.022
Revised Aggregates:
    Budget Authority.......................................    5,036.160
    Outlays................................................    5,090.341
------------------------------------------------------------------------


                 REVISIONS TO BUDGET REVENUE AGGREGATES
   (Pursuant to Section 121 of the Fiscal Responsibility Act of 2023)
                             ($ in billions)
------------------------------------------------------------------------
                                       2024      2024-2028    2024-2033
------------------------------------------------------------------------
Current Revenue Aggregates.......    3,651.838   20,174.730   45,331.755
Adjustments......................        0.000        5.000        5.000
Revised Revenue Aggregates.......    3,651.838   20,179.730   45,336.755
------------------------------------------------------------------------
Note: Division E of H.R. 815, the FEND Off Fentanyl Act, increases
  revenue by $77 million over 10 years and was already included in a
  revision that was filed on March 8. This further adjustment reflects
  the inclusion of Division F, the Rebuilding Economic Prosperity and
  Opportunity for Ukrainians Act, which raises $5 billion of revenue
  through sovereign assets confiscated from the Russian Federation.


        REVISIONS TO ALLOCATIONS TO SENATE AUTHORIZING COMMITTEES
   (Pursuant to Section 121 of the Fiscal Responsibility Act of 2023)
                             ($ in billions)
------------------------------------------------------------------------
                                       2024      2024-2028    2024-2033
------------------------------------------------------------------------
Foreign Relations:
    Budget Authority.............       43.978      220.169      440.898
    Outlays......................       39.915      215.035      435.773
Adjustments:
    Budget Authority.............        0.000        5.000        5.000
    Outlays......................        0.000        5.000        5.000
Revised Allocation:
    Budget Authority.............       43.978      225.169      445.898
    Outlays......................       39.915      220.035      440.773
------------------------------------------------------------------------
Note: Division E of H.R. 815, the FEND Off Fentanyl Act, increased
  direct spending by $60 million over 10 years and was already included
  in a revision that was filed on March 8. This further adjustment
  reflects the inclusion of Division F, the Rebuilding Economic
  Prosperity and Opportunity for Ukrainians Act, which spends an
  additional $5 billion.


   REVISIONS TO THE ALLOCATION TO THE COMMITTEE ON APPROPRIATIONS FOR
                            FISCAL YEAR 2024
    (Pursuant to Section 314 of the Congressional Budget Act of 1974)
                             ($ in billions)
------------------------------------------------------------------------
                                     Current                   Revised
                                    Allocation  Adjustments   Allocation
------------------------------------------------------------------------
Revised Security Budget Authority      953.841        0.000      953.841
Revised Nonsecurity Budget             785.504       -0.015      785.489
 Authority.......................
General Purpose Outlays..........    1,847.777       -7.022    1,840.755
------------------------------------------------------------------------


    EMERGENCY DISCRETIONARY SPENDING IN H.R. 815 FOR FISCAL YEAR 2024
                             ($ in billions)
------------------------------------------------------------------------
                                                 Emergency
 Detail of Adjustments Made Above --------------------------------------
                                     Security   Nonsecurity     Total
------------------------------------------------------------------------
Defense:
    Budget Authority.............       67.061        0.000       67.061
    Outlays......................        4.919        0.000        4.919
Energy and Water:
    Budget Authority.............        0.149        0.098        0.247
    Outlays......................        0.021        0.000        0.021
Homeland Security:
    Budget Authority.............        0.000        0.400        0.400
    Outlays......................        0.000        0.005        0.005
Labor-HHS-Ed:
    Budget Authority.............        0.000        0.531        0.531
    Outlays......................        0.000        0.098        0.098
Military Construction-VA:
    Budget Authority.............        0.282        0.000        0.282
    Outlays......................        0.001        0.000        0.001
State-Foreign Operations:
    Budget Authority.............        0.000       26.808       26.808
    Outlays......................        0.000        8.191        8.191
Total:
    Revised Discretionary Budget        67.492       27.837       95.329
     Authority...................
    Revised Discretionary Outlays        4.941        8.294       13.235
------------------------------------------------------------------------
Note: H.R. 815, the national security supplemental, contains $95.329
  billion of budget authority and $13.235 billion of outlays designated
  as an emergency, spread across six subcommittees. Those amounts are
  $15 million less in budget authority and $7.022 billion less in
  outlays than the Senate-passed version, primarily because the passage
  of time results in less of the funding being spent in FY 2024.

  

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