[Congressional Record Volume 171, Number 34 (Thursday, February 20, 2025)]
[Senate]
[Page S1160]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 205. Ms. BALDWIN submitted an amendment intended to be proposed by 
her to the concurrent resolution S. Con. Res. 7, setting forth the 
congressional budget for the United States Government for fiscal year 
2025 and setting forth the appropriate budgetary levels for fiscal 
years 2026 through 2034; which was ordered to lie on the table; as 
follows:

       At the appropriate place, insert the following:

     SEC. 4___. REQUIREMENT FOR JOINT COMMITTEE ON TAXATION 
                   ESTIMATES.

       (a) Definition.--In this section, the term ``major 
     legislation'' means, in the Senate, a bill, joint resolution, 
     conference report, amendment, amendment between the Houses, 
     or treaty--
       (1) for which an estimate is required to be prepared 
     pursuant to section 402 of the Congressional Budget Act of 
     1974 (2 U.S.C. 653) and that causes a gross budgetary effect 
     (before incorporating macroeconomic effects and not including 
     timing shifts) in a fiscal year in the period of years of the 
     most recently agreed to concurrent resolution on the budget 
     equal to or greater than--
       (A) 0.25 percent of the current projected gross domestic 
     product of the United States for that fiscal year; or
       (B) for a treaty, equal to or greater than $15,000,000,000 
     for that fiscal year; or
       (2) designated as such by--
       (A) the Chairman of the Committee on the Budget of the 
     Senate for all direct spending and revenue legislation; or
       (B) the Senator who is Chairman or Vice Chairman of the 
     Joint Committee on Taxation for revenue legislation.
       (b) Estimates.--An estimate provided by the Joint Committee 
     on Taxation to the Director of the Congressional Budget 
     Office under section 201(f) of the Congressional Budget Act 
     of 1974 (2 U.S.C. 601(f)) for any major legislation shall 
     provide an estimate of the distributional effects across 
     income categories resulting from major legislation.
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