Establishing the congressional budget for the United States Government for fiscal year 2007 and setting forth appropriate budgetary levels for fiscal years 2008 through 2011.

Summary

Sets forth the congressional budget for the federal government for FY2007, including the appropriate budgetary levels for FY2008-FY2011. Lists recommended budgetary levels and amounts for FY2007-FY2011 with respect to: (1) federal revenues; (2) new budget authority; (3) budget outlays; (4) deficits (on-budget); (5) debt subject to limit; and (6) debt held by the public. Lists the appropriate levels of new budget authority and outlays for specified major functional categories for FY2007-FY2011. Sets forth reconciliation instructions for the Committees on: (1) Agriculture; (2) Armed Services; (3) Education and the Workforce; (4) Financial Services; (5) International Relations; (6) the Judiciary; (7) Transportation and Infrastructure; and (8) Ways and Means. Provides for certain reserve funds for: (1) disposal of underutilized federal real property; (2) reauthorization of the Secure Rural Schools and Community Self-Determination Act; (3) calendar year 2007 alternative minimum tax relief; (4) the National Flood Insurance Program; and (5) revision of the regulation of government-sponsored enterprises. Prohibits House legislation that would require advanced appropriations, with a specified exception. States that, if legislation is reported that makes appropriations for FY2007 for contingency operations directly related to the global war on terrorism and other unanticipated defense-related operations, then the resulting new budget authority, new entitlement authority, outlays, or receipts shall not count for certain reconciliation and other specified purposes of the Congressional Budget Act of 1974 (CBA). Exempts also from counting for such purposes the new budget or entitlement authority, or outlays, resulting from any reported legislation that makes appropriations for FY2007 to combat avian flu, increases local preparedness, and develops a vaccine to innoculate the U.S. population. Authorizes the House Committee on Appropriations to make a separate suballocation for appropriations for the legislative branch for the first fiscal year of this resolution. Sets forth, for specified reconciliation purposes, budgetary treatment of certain legislation that revises the National Flood Insurance Program. Provides for adjustments in the allocations and aggregates of budget authority, outlays, and revenue set forth in this resolution to reflect the budgetary effects of certain tax legislation. Establishes a nondefense reserve fund for emergencies. Expresses the sense of Congress that the determination of the congressional budget for the federal government and the President's budget request should include consideration of the Financial Report of the United States Government, especially its information regarding the government's net operating cost, financial position, and long-term liabilities. Expresses the sense of Congress that any revenue increases achieved through recovery of taxes legally owed to the U.S. Treasury but not actually paid (the so-called "tax gap") shall be dedicated entirely to reducing the deficit and the accumulated debt, and not to financing additional spending.

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Documents

7 official files

• Engrossed in House (text)

  Engrossed in House · EN · 19 May 2006

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• Engrossed in House (PDF)

  Engrossed in House · EN · 19 May 2006

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• Passed House amended

  summary · EN · 18 May 2006

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• Reported in House (text)

  Reported in House · EN · 31 March 2006

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• Reported in House (PDF)

  Reported in House · EN · 31 March 2006

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• Reported to House without amendment

  summary · EN · 31 March 2006

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• Introduced in House

  summary · EN · 31 March 2006

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