[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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