A concurrent resolution setting forth the congressional budget for the United States Government for the fiscal years 1989, 1990, and 1991.

Summary

Sets forth the concurrent resolution on the budget for FY 1989 and the appropriate budgetary levels for FY 1990 and 1991. Sets forth levels and amounts of Federal revenues, new budget authority, budget outlays, and deficits for FY 1989 through 1991 for purposes of determining whether the maximum deficit amounts set forth in the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) have been exceeded. Recommends levels of Federal revenues of $705,750,000,000 for FY 1989, $760,250,000,000 for FY 1990, and $816,700,000,000 for FY 1991. Sets the amount by which the aggregate levels of Federal revenues should be reduced at $400,000,000 for FY 1989, $500,000,000 for FY 1990, and $500,000,000 for FY 1991. Designates the following amounts of Federal revenues for Federal Insurance Contributions Act revenues: (1) $63,400,000,000 for FY 1989; (2) $68,150,000,000 for FY 1990; and (3) $73,400,000,000 for FY 1991. Sets the appropriate levels of total new budget authority at $973,600,000,000 for FY 1989, $1,023,300,000,000 for FY 1990, and $1,083,100,000,000 for FY 1991. States that the appropriate levels of total budget outlays are $884,400,000,000 for FY 1989, $931,950,000,000 for FY 1990, and $979,050,000,000 for FY 1991. Sets the amount of the deficit at $178,650,000,000 for FY 1989, $171,700,000,000 for FY 1990, and $162,350,000,000 for FY 1991. Sets the appropriate levels of the public debt at $2,823,400,000,000 for FY 1989, $3,062,900,000,000 for FY 1990, and $3,287,500,000,000 for FY 1991. Sets forth the appropriate levels of total Federal credit activity as follows: (1) $28,000,000,000 for new direct loan obligations and $111,300,000,000 for new primary loan guarantee commitments for FY 1989; (2) $26,850,000,000 for new direct loan obligations and $122,950,000,000 for new primary loan guarantee commitments for FY 1990; and (3) $26,650,000,000 for new direct loan obligations and $132,500,000,000 for new primary loan guarantee commitments for FY 1991. Sets forth the levels of budget authority, budget outlays, new direct loan obligations, and new primary loan guarantee commitments for each major functional category for FY 1989 through 1991. Expresses the sense of the Congress, in light of the resources required to combat narcotic traffic, that the committees of jurisdiction should enact legislation to allow the private sector to perform nonemergency towing and other nonessential Coast Guard functions and that the resulting savings should be used to increase funding for the Coast Guard for law enforcement, military readiness, and emergency search and rescue functions.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 22 March 1988

   Introduced

   Introduced in House

   Source: IntroReferral

2. 22 March 1988

   Calendars

   Placed on Union Calendar No: 320.

   Source: Calendars

3. 22 March 1988

   Reported

   House Committee on The Budget Reported an Original Measure. Report No: 100-523.

   Source: Committee

4. 22 March 1988

   Reported

   House Committee on The Budget Reported an Original Measure. Report No: 100-523.

   Source: Committee

5. 22 March 1988

   Floor

   Committee on Rules Granted a Modified Closed Rule Providing Three Hours of General Debate.

   Source: Floor

6. 23 March 1988

   Vote

   Resolution Agreed to in House by Yea-Nay Vote: 319 - 102 (Record Vote No: 45).

   Source: Floor

7. 23 March 1988

   Passed

   Rule Passed House.

   Source: Floor

8. 23 March 1988

   Reported

   Rules Committee Resolution H.Res.410 Reported to House.

   Source: Floor

9. 23 March 1988

   Vote

   Passed/agreed to in House: Resolution Agreed to in House by Yea-Nay Vote: 319 - 102 (Record Vote No: 45).

   Source: Floor

10. 24 March 1988

    Introduced

    Received in the Senate and referred to the Committee on Budget.

    Source: IntroReferral

11. 14 April 1988

    ResolvingDifferences

    Senate insists on its amendments, asks for a conference, appoints conferees Chiles; Hollings; Johnston; Sasser; Riegle; Exon; Lautenberg; Domenici; Armstrong; Boschwitz; Symms; Grassley.

    Source: ResolvingDifferences

12. 14 April 1988

    Floor

    Senate struck all after the Enacting Clause and substituted the language of S.CON.RES. 113 amended.

    Source: Floor

13. 14 April 1988

    Vote

    Passed/agreed to in Senate: Resolution agreed to in Senate in lieu of S.CON.RES. 113 with an amendment by Yea-Nay Vote. 69-26. Record Vote No: 95.

    Source: Floor

14. 14 April 1988

    Discharge

    Senate Committee on Budget discharged by Unanimous Consent.

    Source: Discharge

15. 14 April 1988

    Committee

    Senate Committee on Budget discharged by Unanimous Consent.

    Source: Committee

16. 18 April 1988

    Floor

    Message on Senate action sent to the House.

    Source: Floor

17. 20 April 1988

    Passed

    House Disagreed to Senate Amendments by Unanimous Consent.

    Source: ResolvingDifferences

18. 20 April 1988

    Passed

    Resolving differences -- House actions: House Disagreed to Senate Amendments by Unanimous Consent.

    Source: NotUsed

19. 20 April 1988

    ResolvingDifferences

    Conference held.

    Source: ResolvingDifferences

20. 20 April 1988

    ResolvingDifferences

    Conference committee actions: Conference held.

    Source: ResolvingDifferences

21. 20 April 1988

    Passed

    House Agreed to Request for Conference and Speaker Appointed Conferees: Gray (PA), Foley, Lowry (WA), Williams, Frost, Schumer, Slattery, Atkins, Guarini, Durbin, Latta, Gradison, Goodling, Denny Smith (OR), Edwards (OK), Thomas (CA), Rogers.

    Source: ResolvingDifferences

22. 21 April 1988

    ResolvingDifferences

    Conference held.

    Source: ResolvingDifferences

23. 21 April 1988

    ResolvingDifferences

    Conference committee actions: Conference held.

    Source: ResolvingDifferences

24. 26 April 1988

    ResolvingDifferences

    Conference held.

    Source: ResolvingDifferences

25. 26 April 1988

    ResolvingDifferences

    Conference committee actions: Conference held.

    Source: ResolvingDifferences

26. 27 April 1988

    ResolvingDifferences

    Conference held.

    Source: ResolvingDifferences

27. 27 April 1988

    ResolvingDifferences

    Conference committee actions: Conference held.

    Source: ResolvingDifferences

28. 28 April 1988

    ResolvingDifferences

    Conference held.

    Source: ResolvingDifferences

29. 28 April 1988

    ResolvingDifferences

    Conference committee actions: Conference held.

    Source: ResolvingDifferences

30. 25 May 1988

    Reported

    Rules Committee Resolution H.Res.461 Reported to House.

    Source: Floor

31. 25 May 1988

    Floor

    Committee on Rules Granted a Rule Waiving All Points of Order Against Consideration of the Conference Report.

    Source: Floor

32. 26 May 1988

    Vote

    House Agreed to Conference Report by Yea-Nay Vote: 201 - 181 (Record Vote No: 158).

    Source: ResolvingDifferences

33. 26 May 1988

    Vote

    Conference report agreed to in House: House Agreed to Conference Report by Yea-Nay Vote: 201 - 181 (Record Vote No: 158).

    Source: ResolvingDifferences

34. 26 May 1988

    ResolvingDifferences

    Conference Report 100-658 Filed in House.

    Source: ResolvingDifferences

35. 26 May 1988

    ResolvingDifferences

    Conference report filed: Conference Report 100-658 Filed in House.

    Source: ResolvingDifferences

36. 26 May 1988

    Passed

    Conferees agreed to file conference report.

    Source: ResolvingDifferences

37. 26 May 1988

    Passed

    Conference committee actions: Conferees agreed to file conference report.

    Source: ResolvingDifferences

38. 26 May 1988

    Passed

    Rule Passed House.

    Source: Floor

39. 6 June 1988

    ResolvingDifferences

    Conference report considered in Senate.

    Source: ResolvingDifferences

40. 6 June 1988

    Vote

    Conference report agreed to in Senate: Senate agreed to conference report by Yea-Nay Vote. 58-29. Record Vote No: 167.

    Source: ResolvingDifferences

41. 7 June 1988

    Floor

    Message on Senate action sent to the House.

    Source: Floor

Votes

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

• Conference report filed in House

  summary · EN · 26 May 1988

  Open at official source

• Passed Senate amended

  summary · EN · 14 April 1988

  Open at official source

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• Introduced in House

  summary · EN · 22 March 1988

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Sponsors

• Rep. Gray, William H., III [D-PA-2] · D · Sponsor
• · ssbu00 · Standing
• · hsbu00 · Standing

Related records

• related to ← A resolution providing for the consideration of the concurrent resolution (H. Con. Res. 268) setting forth the congressional budget for the United States Government for the fiscal years 1989, 1990, and 1991.
• related to ← A resolution waiving certain points of order against the conference report on the concurrent resolution (H. Con. Res. 268) setting forth the congressional budget for the United States Government for the fiscal years 1989, 1990, and 1991 and against the consideration of such conference report.
• related to ← A concurrent resolution setting forth the congressional budget for the United States Government for the fiscal years 1989, 1990, and 1991.
• amends ← An amendment to freeze all discretionary outlays at the FY 1988 level; eliminate all cost-of-living adjustments (COLAs) for entitlement programs including Social Security (but to retain increases in entitlement spending needed to provide benefits for new recipients) and to eliminate the pay increase for Federal employees in FY 1989. Finally, the amendment specifies an FY 1989 deficit of $135.7 billion.
• amends ← An amendment to hold discretionary outlays midway between an FY 1988 outlay freeze and the levels established by the domestic budget summit; to replace the cost-of-living adjustment for non-means tested entitlements (including Social Security but excluding veterans) with a $5 per month increase; and to cap the FY 1989 pay increase for federal, civilian and military personnel at 2 percent. The amendment would also provide for additional FY 1989 revenues totaling $3.7 billion produced from a one year suspension of indexing individual income taxes. Finally, the amendment specifies an FY 1989 deficit of $112.4 billion.
• amends ← An amendment to provide for FY 1989 savings of $20.6 billion in interest costs (as a result of refinancing the national debt with long-term, gold-backed bonds), and FY 1989 revenue increases of $25.8 billion (to be achieved through tax amnesty and more optimistic economic assumptions). Finally, the amendment provides for a FY 1989 deficit of $130.7 billion.