Concurrent Resolution on the Budget (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms

Concurrent Resolution on the Budget

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The Concurrent Resolution on the Budget is often referred to as the Congressional Budget.

A concurrent resolution adopted by both chambers of Congress as part of the annual budget and appropriations process, setting forth an overall budget plan for Congress against which individual appropriations bills, other appropriations, and revenue measures are to be evaluated. As a plan for Congress, the resolution is not presented to the President for signature and does not have the force of law. Pursuant to section 301 of the Congressional Budget Act, as amended (2 U.S.C. § 632), the resolution is expected to establish, for at least 5 fiscal years beginning on October 1 of the year of the resolution, appropriate levels for the following:

  • totals of new budget authority and outlays,
  • total federal revenues,
  • the surplus or deficit in the budget,
  • new budget authority and outlays for each major functional category,
  • the public debt, and:
  • outlays and revenues for Social Security insurance programs.

The concurrent resolution generally contains budget levels for the 5 fiscal years and may contain reconciliation instructions to specified committees. The concurrent resolution most recently adopted may be revised or affirmed before the end of the year to which it applies, as provided in section 304 of the Congressional Budget Act, as amended (2 U.S.C. § 635). (See also Concurrent Resolution; Congressional Budget and Impoundment Control Act of 1974.)

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