An original concurrent resolution setting forth the Congressional Budget for the United States Government for the fiscal years 1987, 1988, and 1989.

Summary

Sets forth the concurrent resolution on the budget for FY 1987 and the appropriate budgetary levels for FY 1988 and 1989. Recommends levels of Federal revenues of $647,700,000,000 for FY 1987, $703,900,000,000 for FY 1988, and $754,400,000,000 for FY 1989. Sets the amounts by which the aggregate levels of Federal revenues should be increased at $18,700,000,000 for FY 1987, $26,800,000,000 for FY 1988, and $28,800,000,000 for FY 1989. Sets the amounts for Federal Insurance Contributions Act revenues for hospital insurance within the recommended levels of Federal revenues at $55,500,000,000 for FY 1987, $59,800,000,000 for FY 1988, and $63,800,000,000 for FY 1989. Sets the appropriate levels of total new budget authority at $882,900,000,000 for FY 1987, $927,000,000,000 for FY 1988, and $956,400,000,000 for FY 1989. States that the appropriate levels of total budget outlays are $809,000,000,000 for FY 1987, $847,300,000,000 for FY 1988, and $869,200,000,000 for FY 1989. Sets the amounts of the deficits in the budget which are appropriate in light of economic conditions and all other relevant factors at $161,300,000,000 for FY 1987, $143,400,000,000 for FY 1988, and $114,800,000,000 for FY 1989. States that appropriate levels of the public debt are $2,323,100,000,000 for FY 1987, $2,523,000,000,000 for FY 1988, and $2,697,700,000,000 for FY 1989 and the amounts by which the statutory limits on such debt should be accordingly increased at $216,900,000,000 for FY 1987, $199,900,000,000 for FY 1988, and $174,700,000,000 for FY 1989. Sets forth the appropriate levels of total Federal credit activity as follows: (1) $34,700,000,000 for new direct loan obligations, $86,400,000,000 for new primary loan guarantee commitments, and $55,200,000,000 for new secondary loan guarantee commitments for FY 1987; (2) $32,300,000,000 for new direct loan obligations, $88,500,000,000 for new primary loan guarantee commitments, and $55,200,000,000 for new secondary loan guarantee commitments for FY 1988; and (3) $30,200,000,000 for new direct loan obligations, $89,000,000,000 for new primary loan guarantee commitments, and $55,200,000,000 for new secondary loan guarantee commitments for FY 1989. Sets forth the levels of Federal revenues, total new budget authority, and total budget outlays, and the amounts by which the total budget outlays exceed the corresponding Federal revenues, for FY 1987 through 1989 for purposes of determining whether the maximum deficit amount for a fiscal year has been exceeded in accordance with the Congressional Budget and Impoundment Control Act of 1974 as amended by the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act). Provides that such levels and amounts shall be considered to be mathematically consistent with the other amounts and levels set forth in this concurrent resolution. Sets forth the levels of budget authority, budget outlays, new direct loan obligations, and new loan guarantee commitments for each major functional category for FY 1987 through 1989. Requires certain congressional committees to report changes in laws within their jurisdictions sufficient to reduce budget authority and outlays, increase contributions, increase revenues, reduce direct loan obligations, or reduce primary loan guarantee commitments by certain amounts, as specified, in FY 1987 through 1989. Directs such committees, by May 15, 1986, to submit their recommendations to the Committees on the Budget of their respective Houses. Directs the Budget Committees to report a reconciliation bill or resolution carrying out all such recommendations without any substantive revision. Requires the allocation of budget authority and outlays to the Senate Committees on Appropriations and Finance, in addition to the amounts provided for in this Act, upon the enactment of legislation authorizing, and increasing revenues for, up to a specified amount for funding an extension of General Revenue Sharing in FY 1987.

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

Timeline

1. 19 March 1986

   Reported

   Committee on Budget ordered to be reported an original measure.

   Source: Committee

2. 24 March 1986

   Calendars

   Placed on Senate Legislative Calendar under General Orders. Calendar No. 576.

   Source: Calendars

3. 24 March 1986

   Reported

   Committee on Budget. Original measure reported to Senate by Senator Domenici. With written report No. 99-264. Additional and minority views filed.

   Source: Committee

4. 24 March 1986

   Reported

   Committee on Budget. Original measure reported to Senate by Senator Domenici. With written report No. 99-264. Additional and minority views filed.

   Source: Committee

5. 24 March 1986

   Introduced

   Introduced in Senate

   Source: IntroReferral

6. 21 April 1986

   Floor

   Measure laid before Senate by motion.

   Source: Floor

7. 22 April 1986

   Floor

   Considered by Senate.

   Source: Floor

8. 23 April 1986

   Floor

   Considered by Senate.

   Source: Floor

9. 24 April 1986

   Floor

   Considered by Senate.

   Source: Floor

10. 28 April 1986

    Floor

    Considered by Senate.

    Source: Floor

11. 29 April 1986

    Floor

    Considered by Senate.

    Source: Floor

12. 30 April 1986

    Floor

    Considered by Senate.

    Source: Floor

13. 1 May 1986

    Floor

    Considered by Senate.

    Source: Floor

14. 2 May 1986

    Vote

    Resolution agreed to in Senate with amendments by Yea-Nay Vote. 70-25. Record Vote No: 89.

    Source: Floor

15. 2 May 1986

    Vote

    Passed/agreed to in Senate: Resolution agreed to in Senate with amendments by Yea-Nay Vote. 70-25. Record Vote No: 89.

    Source: Floor

16. 15 May 1986

    Floor

    House Struck all After the Enacting Clause and Substituted the Language of H.Con.Res.337 (Amended).

    Source: Floor

17. 15 May 1986

    Passed

    Resolution Agreed to in House (Amended) by Voice Vote.

    Source: Floor

18. 15 May 1986

    Passed

    Passed/agreed to in House: Resolution Agreed to in House (Amended) by Voice Vote.

    Source: Floor

19. 15 May 1986

    Floor

    Called up by House by Unanimous Consent.

    Source: Floor

20. 19 May 1986

    Floor

    Message on House action received in Senate and held at desk: House amendments to Senate bill.

    Source: Floor

21. 20 May 1986

    Passed

    Senate disagreed to House amendments, requested a conference and appointed conferees. Domenici; Kassebaum; Boschwitz; Andrews; Quayle; Gorton; Chiles; Hollings; Johnston; Sasser; Metzenbaum.

    Source: ResolvingDifferences

22. 20 May 1986

    ResolvingDifferences

    Conference committee actions: Conference held.

    Source: ResolvingDifferences

23. 21 May 1986

    Passed

    House Agreed to Request for Conference and Speaker Appointed Conferees: Gray (PA), Wright, Derrick, Williams, Wolpe, Russo, Jenkins, Leath, Schumer, Boxer, MacKay, Slattery, Latta, Kemp, Martin (IL), Fiedler, Gradison, Loeffler, Mack, Goodling.

    Source: ResolvingDifferences

24. 21 May 1986

    ResolvingDifferences

    House Insisted on its Amendments by Voice Vote.

    Source: ResolvingDifferences

25. 21 May 1986

    NotUsed

    Resolving differences -- House actions: House Insisted on its Amendments by Voice Vote.

    Source: NotUsed

26. 3 June 1986

    ResolvingDifferences

    Conference held.

    Source: ResolvingDifferences

27. 3 June 1986

    ResolvingDifferences

    Conference committee actions: Conference held.

    Source: ResolvingDifferences

28. 4 June 1986

    ResolvingDifferences

    Conference held.

    Source: ResolvingDifferences

29. 4 June 1986

    ResolvingDifferences

    Conference committee actions: Conference held.

    Source: ResolvingDifferences

30. 5 June 1986

    ResolvingDifferences

    Conference held.

    Source: ResolvingDifferences

31. 5 June 1986

    ResolvingDifferences

    Conference committee actions: Conference held.

    Source: ResolvingDifferences

32. 6 June 1986

    ResolvingDifferences

    Conference held.

    Source: ResolvingDifferences

33. 6 June 1986

    ResolvingDifferences

    Conference committee actions: Conference held.

    Source: ResolvingDifferences

34. 10 June 1986

    ResolvingDifferences

    Conference held.

    Source: ResolvingDifferences

35. 10 June 1986

    ResolvingDifferences

    Conference committee actions: Conference held.

    Source: ResolvingDifferences

36. 11 June 1986

    ResolvingDifferences

    Conference held.

    Source: ResolvingDifferences

37. 11 June 1986

    ResolvingDifferences

    Conference committee actions: Conference held.

    Source: ResolvingDifferences

38. 13 June 1986

    ResolvingDifferences

    Conference held.

    Source: ResolvingDifferences

39. 13 June 1986

    ResolvingDifferences

    Conference committee actions: Conference held.

    Source: ResolvingDifferences

40. 17 June 1986

    ResolvingDifferences

    Conference held.

    Source: ResolvingDifferences

41. 17 June 1986

    ResolvingDifferences

    Conference committee actions: Conference held.

    Source: ResolvingDifferences

42. 25 June 1986

    ResolvingDifferences

    Conference held.

    Source: ResolvingDifferences

43. 25 June 1986

    ResolvingDifferences

    Conference committee actions: Conference held.

    Source: ResolvingDifferences

44. 26 June 1986

    Passed

    Conferees agreed to file conference report.

    Source: ResolvingDifferences

45. 26 June 1986

    Passed

    Conference committee actions: Conferees agreed to file conference report.

    Source: ResolvingDifferences

46. 26 June 1986

    ResolvingDifferences

    House Receded and Concurred With an Amendment in Senate Amendments.

    Source: ResolvingDifferences

47. 26 June 1986

    NotUsed

    Resolving differences -- House actions: House Receded and Concurred With an Amendment in Senate Amendments.

    Source: NotUsed

48. 26 June 1986

    Vote

    House Agreed to Conference Report by Yea-Nay Vote: 333 - 43 (Record Vote No: 211).

    Source: ResolvingDifferences

49. 26 June 1986

    Vote

    Conference report agreed to in House: House Agreed to Conference Report by Yea-Nay Vote: 333 - 43 (Record Vote No: 211).

    Source: ResolvingDifferences

50. 26 June 1986

    ResolvingDifferences

    Conference Report 99-664 Filed in House.

    Source: ResolvingDifferences

51. 26 June 1986

    ResolvingDifferences

    Conference report filed: Conference Report 99-664 Filed in House.

    Source: ResolvingDifferences

52. 27 June 1986

    Passed

    Resolving differences -- Senate actions: Senate agreed to the House amendment. By Voice Vote.

    Source: NotUsed

53. 27 June 1986

    Passed

    Conference report agreed to in Senate: Senate agreed to conference report by Voice Vote.

    Source: ResolvingDifferences

54. 27 June 1986

    ResolvingDifferences

    Conference report considered in Senate. By Voice Vote.

    Source: ResolvingDifferences

Votes

Versions

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

Documents

5 official files

• House receded and concurred with amendment

  summary · EN · 26 June 1986

  Open at official source

• Conference report filed in House

  summary · EN · 26 June 1986

  Open at official source

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• Passed House amended

  summary · EN · 15 May 1986

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• Passed Senate amended

  summary · EN · 2 May 1986

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• Introduced in Senate

  summary · EN · 24 March 1986

  Open at official source

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Sponsors

• Sen. Domenici, Pete V. [R-NM] · R · Sponsor
• · ssbu00 · Standing

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