An original concurrent resolution setting forth the congressional budget for the United States Government for the fiscal years 1990, 1991, and 1992.

Summary

Sets forth the concurrent resolution on the budget for FY 1990 and the appropriate budgetary levels for FY 1991 and 1992. Sets forth levels and amounts of Federal revenues, new budget authority, budget outlays, and deficits for FY 1990 through 1992 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. Indicates the following as amounts of the increase in the public debt, subject to limitation: (1) $264,400,000,000 for FY 1990; (2) $253,900,000,000 for FY 1991; and (3) $227,600,000,000 for FY 1992. Shows deficit levels excluding government trust fund surpluses. Breaks this category down into: (1) deficits excluding receipts and disbursements of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds ($167,200,000,000 for FY 1990, $168,800,000,000 for FY 1991, and $156,100,000,000 for FY 1992); and (2) deficits excluding receipts and outlays of all Federal trust funds ($239,700,000,000 for FY 1990, $240,400,000,000 for FY 1991, and $226,100,000,000 for FY 1992). Recommends levels of Federal revenues of $775,800,000,000 for FY 1990, $832,000,000,000 for FY 1991, and $833,000,000,000 for FY 1992. Sets the amount by which the aggregate levels of Federal revenues should be increased at $5,800,000,000 for FY 1990 through 1992. Designates the following amounts of Federal revenues for Federal Insurance Contributions Act revenues for hospital insurance: (1) $70,100,000,000 for FY 1990; (2) $75,100,000,000 for FY 1991; and (3) $80,200,000,000 for FY 1992. Sets the appropriate levels of total new budget authority at $1,037,600,000,000 for FY 1990, $1,111,200,000,000 for FY 1991, and $1,143,400,000,000 for FY 1992. States that the appropriate levels of total budget outlays are $943,000,000,000 for FY 1990, $1,000,800,000,000 for FY 1991, and $1,039,100,000,000 for FY 1992. Sets deficit amounts a $167,200,000,000 for FY 1990, $168,800,000,000 for FY 1991, and $156,100,000,000 for FY 1992. Sets the appropriate level of the public debt at $3,122,800,000,000 for FY 1990, $3,376,700,000,000 for FY 1991, and $3,604,300,000,000 for FY 1992. Sets forth the appropriate levels of total Federal credit activity as follows: (1) $19,300,000,000 for new direct loan obligations, $106,600,000,000 for new primary loan guarantee commitments, and $93,200,000,000 for new secondary loan guarantee commitments for FY 1990; (2) $19,700,000,000 for new direct loan obligations, $114,200,000,000 for new primary loan guarantee commitments, and $97,100,000,000 for new secondary loan guarantee commitments for FY 1991; and (3) $19,700,000,000 for new direct loan obligations, $119,000,000,000 for new primary loan guarantee commitments, and $100,900,000,000 for new secondary loan guarantee commitments for FY 1992. Sets forth the levels of budget authority, budget outlays, new direct loan obligations, new primary loan guarantee commitments, and new secondary loan guarantee commitments for each major functional category for FY 1990 through 1992. Includes within this framework a discrete category indicating levels of gross interest on the public debt. Requires the following Senate and House Committees to report to the Committees on the Budget of their respective Houses by June 15, 1989, changes in laws within their respective jurisdictions that are sufficient to increase contributions and reduce budget authority and outlays by specified amounts in FY 1990: (1) Senate Committee on Agriculture, Nutrition, and Forestry; (2) Senate Committee on Banking, Housing, Urban Affairs; (3) Senate Committee on Commerce, Science, and Transportation; (4) Senate Committee on Environment and Public Works; (5) Senate Committee on Finance; (6) Senate Committee on Governmental Affairs; (7) Senate Committee on Labor and Human Resources; (8) Senate Committee on Veterans' Affairs; (9) House Committee on Agriculture; (10) House Committee on Banking, Finance, and Urban Affairs; (11) House Committee on Education and Labor; (12) House Committee on Energy and Commerce; (13) House Committee on Interior and Insular Affairs; (14) House Committee on Merchant Marine and Fisheries; (15) House Committee on Post Office and Civil Service; (16) House Committee on Public Works and Transportation; (17) House Committee on Veterans' Affairs; and (18) House Committee on Ways and Means. Directs the Budget Committees to report to the House and Senate reconciliation legislation implementing the recommended changes. Expresses the sense of the Congress that: (1) the Government should sell assets to nongovernment buyers; and (2) the amounts realized from such sales will not recur on an annual basis and do not reduce the demand for credit. Assumes deficit-neutral adjustments (contingent on legislation to make funds available) of allocations to: (1) the Senate Committee on Appropriations to provide for subsidized housing contract renewals and for increased Internal Revenue Service compliance funding; and (2) the Senate Committee on Finance for increased Medicaid funding.

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Timeline

1. 19 April 1989

   Reported

   Committee on Budget ordered to be reported an original measure.

   Source: Committee

2. 27 April 1989

   Calendars

   Placed on Senate Legislative Calendar under General Orders. Calendar No. 49.

   Source: Calendars

3. 27 April 1989

   Reported

   Committee on Budget. Original measure reported to Senate by Senator Sasser under the authority of the order of Apr 19, 89. With written report No. 101-20. Additional and minority views filed.

   Source: Committee

4. 27 April 1989

   Reported

   Committee on Budget. Original measure reported to Senate by Senator Sasser under the authority of the order of Apr 19, 89. With written report No. 101-20. Additional and minority views filed.

   Source: Committee

5. 27 April 1989

   Introduced

   Introduced in Senate

   Source: IntroReferral

6. 2 May 1989

   Floor

   Measure laid before Senate by unanimous consent.

   Source: Floor

7. 3 May 1989

   Floor

   Considered by Senate.

   Source: Floor

8. 4 May 1989

   Floor

   Considered by Senate.

   Source: Floor

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · undated · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Indefinitely postponed in Senate

  summary · EN · 4 May 1989

  Open at official source

• Introduced in Senate

  summary · EN · 27 April 1989

  Open at official source

Sponsors

• Sen. Sasser, Jim [D-TN] · D · Sponsor
• · ssbu00 · Standing

Related records

• related to → Setting forth the congressional budget for the United States Government for the fiscal years 1990, 1991, and 1992.