An original concurrent resolution setting forth the recommended congressional budget for the United States Government for fiscal years 1983, 1984, and 1985, and revising the congressional budget for the United States Government for fiscal year 1982.

Summary

Recommends levels of Federal revenues of $623,000,000,000 in FY 1982, $667,000,000,000 in FY 1983, $739,000,000,000 in FY 1984, and $822,000,000,000 in FY 1985. Sets the amount by which the aggregate levels of Federal revenues should be increased at $22,000,000,000 in FY 1983, $37,000,000,000 in FY 1984, and $42,000,000,000 in FY 1985. States that the appropriate levels of total new budget authority are $777,600,000,000 in FY 1982, $831,700,000,000 in FY 1983, $892,300,000,000 in FY 1984, and $966,000,000,000 in FY 1985. Sets the appropriate levels of total budget outlays at $740,700,000,000, in FY 1982, $779,100,000,000, in FY 1983, $825,000,000,000 in FY 1984, and $878,500,000,000 in FY 1985. Sets the appropriate reductions of outlays or increases of revenues, or a combination thereof, to assure the solvency of the Social Security Old-Age and Survivors Insurance Trust Fund at $6,000,000,000 in FY 1983, $17,000,000,000 in FY 1984, and $17,000,000,000 in FY 1985. States that the amounts of the deficits in the budget which are appropriate in light of economic conditions and other relevant factors are $117,700,000,000 in FY 1982, $106,100,000,000 in FY 1983, $69,000,000,000 in FY 1984, and $39,500,000,000 in FY 1985. Sets the appropriate levels of public debt at $1,144,200,000,000 in FY 1982, $1,290,000,000,000, in FY 1983, $1,414,600,000,000 in FY 1984, and $1,522,900,000,000 in FY 1985. Sets forth the increase in the temporary statutory limit on such debt at $64,400,000,000 in FY 1982, $145,800,000,000 in FY 1983, $124,600,000,000 in FY 1984, and $108,300,000,000 in FY 1985. Sets the appropriate levels of total Federal credit activity for: (1) new direct loan obligations at $67,300,000,000 for FY 1982 and at $63,600,000,000 for FY 1983; (2) new primary loan guarantee commitments at $93,000,000,000 for FY 1982 and at $102,500,000,000 for FY 1983; and (3) new secondary loan guarantee commitments at $69,000,000,000 for FY 1982 and at $68,300,000,000 for FY 1983. Sets forth the appropriate levels of new budget authority and outlays, for FY 1982 through 1985, and the appropriate levels of new direct loan obligations, new primary loan guarantee commitments, and new secondary loan guarantee commitments for FY 1982 and FY 1983 for each major functional category. Requires specified House and Senate committees to recommend program changes in laws within their respective jurisdictions to reduce budget authority and outlays for fiscal years 1983, 1984, and 1985 by specified amounts. Requires such committees, not later than June 18, 1982, to submit their recommendations to the Committees on the Budget of their respective Houses. Requires the Committees on the Budget to report to the House and the Senate a reconciliation bill or resolution or both carrying out all such recommendations without any substantive revision. Requires the Senate Committee on Finance and the House Committee on Ways and Means to report to their respective Houses, by June 11, 1982, changes in laws within the jurisdiction of such committees: (1) which provide spending authority sufficient to reduce budget authority and outlays by specified amounts through FY 1985; (2) sufficient to increase revenues by specified amounts through FY 1985; and (3) sufficient to increase receipts from user fees authorized by those committees by specified amounts through FY 1985. Requires such committees to also report, by December 1, 1982, changes in laws within the jurisdiction of such committees so as to reduce outlays or increase revenues, or a combination thereof, by specified amounts for FY 1983 through 1985, in order to insure the solvency of the Social Security Old-Age and Survivors Insurance Trust Fund. Requires such reports to take into account the recommendations of the National Commission on Social Security Reform. Declares that it is the sense of the Congress that the President should direct the National Commission on Social Security Reform to report its recommendations to Congress not later than November 11, 1982. Declares that it is the sense of the Senate that Senate committees instructed in this resolution should begin deliberations on the legislation those committees are required to report under this resolution as soon as this resolution is agreed to in the Senate. Declares that it is the sense of the Congress that the President should limit total Federal Financing Bank origination of direct loans guaranteed by other Federal agencies and purchases of loan assets from Federal agencies to specified amounts in FY 1983, and that direct borrowing transactions of Federal agencies should be, to the maximum extent possible, restricted to the Federal Financing Bank. Declares that it shall not be in order in either the House or the Senate during FY 1982 and FY 1983 to consider any bill, resolution, or amendment, except proposed legislation reported in response to reconciliation instructions, authorizing new direct loan obligations or new loan guarantee commitments unless that bill, resolution, or amendment also provides that the authority to make or guarantee such loans shall be effective only to such extent or in such amounts as are contained in appropriation Acts. Declares that it is the sense of Congress that it is urgent that effective budgetary control be established over all types of Federal direct loans and Federal loan guarantees. Prohibits any bill or resolution providing new budget authority for fiscal year 1983 or providing new spending authority in excess of the reconciliation proposals of a committee or subcommittee from being enrolled until Congress has completed action on the Second Budget Resolution for that fiscal year. Declares that it is the sense of the Senate that the new spending and revenue levels for fiscal year 1982, adopted by the Senate, shall be the ceilings against which the spending and revenue actions of the Senate will be measured pending final agreement with the House on the revision of the Second Concurrent Resolution on the Budget for FY 1982. Declares that it is also the sense of the Congress that if Congress acts to restore fiscal responsibility and reduces projected budget deficits in a substantial and permanent way, then the Federal Reserve Open Market Committee shall reevaluate its monetary targets in order to assure that they are fully complementary to a new and more restrained fiscal policy.

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

Timeline

1. 6 May 1982

   Reported

   Committee on Budget ordered to be reported an original measure.

   Source: Committee

2. 10 May 1982

   Calendars

   Placed on Senate Legislative Calendar under Regular Orders. Calendar No. 544.

   Source: Calendars

3. 10 May 1982

   Reported

   Committee on Budget. Original measure reported to Senate by Senator Domenici. With written report No. 97-385.

   Source: Committee

4. 10 May 1982

   Reported

   Committee on Budget. Original measure reported to Senate by Senator Domenici. With written report No. 97-385.

   Source: Committee

5. 10 May 1982

   Introduced

   Introduced in Senate

   Source: IntroReferral

6. 14 May 1982

   Floor

   Measure laid before Senate by unanimous consent.

   Source: Floor

7. 17 May 1982

   Floor

   Considered by Senate.

   Source: Floor

8. 19 May 1982

   Floor

   Considered by Senate.

   Source: Floor

9. 20 May 1982

   Floor

   Considered by Senate.

   Source: Floor

10. 21 May 1982

    Vote

    Passed/agreed to in Senate: Resolution agreed to in Senate with amendments by Yea-Nay Vote. 49-43. Record Vote No: 153.

    Source: Floor

11. 21 May 1982

    Floor

    Considered by Senate.

    Source: Floor

12. 10 June 1982

    ResolvingDifferences

    House Requested a Conference and Speaker Appointed Conferees: Jones (OK), Obey, Solarz, Nelson, Aspin, Hefner, Downey, Benjamin, Donnelly, Latta, Regula, Frenzel, Bethune, Martin (IL), Fiedler.

    Source: ResolvingDifferences

13. 10 June 1982

    ResolvingDifferences

    House Insisted on its Amendments by Unanimous Consent.

    Source: ResolvingDifferences

14. 10 June 1982

    NotUsed

    Resolving differences -- House actions: House Insisted on its Amendments by Unanimous Consent.

    Source: NotUsed

15. 10 June 1982

    Passed

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

    Source: Floor

16. 10 June 1982

    Passed

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

    Source: Floor

17. 14 June 1982

    Passed

    Senate agreed to request for conference. Appointed conferees. Domenici; Armstrong; Kassebaum; Boschwitz; Hatch; Tower; Hollings; Chiles; Johnston; Metzenbaum.

    Source: ResolvingDifferences

18. 14 June 1982

    Passed

    Senate disagreed to House amendment. By Voice Vote.

    Source: Floor

19. 14 June 1982

    Passed

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

    Source: NotUsed

20. 15 June 1982

    ResolvingDifferences

    Conference held.

    Source: ResolvingDifferences

21. 15 June 1982

    ResolvingDifferences

    Conference committee actions: Conference held.

    Source: ResolvingDifferences

22. 16 June 1982

    ResolvingDifferences

    Conference held.

    Source: ResolvingDifferences

23. 16 June 1982

    ResolvingDifferences

    Conference committee actions: Conference held.

    Source: ResolvingDifferences

24. 17 June 1982

    ResolvingDifferences

    Conference held.

    Source: ResolvingDifferences

25. 17 June 1982

    ResolvingDifferences

    Conference committee actions: Conference held.

    Source: ResolvingDifferences

26. 18 June 1982

    ResolvingDifferences

    Conference report filed: Conference report S. Rept. 97-478 filed in Senate by Senator Domenici on the disagreeing votes of the two Houses on the amendment of the House.

    Source: ResolvingDifferences

27. 18 June 1982

    Passed

    Conferees agreed to file conference report.

    Source: ResolvingDifferences

28. 18 June 1982

    Passed

    Conference committee actions: Conferees agreed to file conference report.

    Source: ResolvingDifferences

29. 21 June 1982

    Floor

    Star Print ordered Report 97-478.

    Source: Floor

30. 21 June 1982

    ResolvingDifferences

    Conference Report 97-614 Filed in House.

    Source: ResolvingDifferences

31. 21 June 1982

    ResolvingDifferences

    Conference report filed: Conference Report 97-614 Filed in House.

    Source: ResolvingDifferences

32. 22 June 1982

    Vote

    Senate agreed to conference report by Yea-Nay Vote. 51-45. Record Vote No: 192.

    Source: ResolvingDifferences

33. 22 June 1982

    Vote

    Conference report agreed to in Senate: Senate agreed to conference report by Yea-Nay Vote. 51-45. Record Vote No: 192.

    Source: ResolvingDifferences

34. 22 June 1982

    Floor

    Conference report considered by Senate.

    Source: Floor

35. 22 June 1982

    ResolvingDifferences

    House Receded from its Amendment and Concurred with an Amendment in the Nature of a Substitute.

    Source: ResolvingDifferences

36. 22 June 1982

    NotUsed

    Resolving differences -- House actions: House Receded from its Amendment and Concurred with an Amendment in the Nature of a Substitute.

    Source: NotUsed

37. 23 June 1982

    Vote

    Resolving differences -- Senate actions: Senate agreed to the House amendment. By Yea-Nay Vote. 54-45. Record Vote No: 194.

    Source: NotUsed

38. 23 June 1982

    Vote

    Motion to concur in the House amendment with an amendment (SU1039) rejected in Senate. By Yea-Nay Vote. 33-64. Record Vote No: 193.

    Source: ResolvingDifferences

39. 23 June 1982

    Floor

    House amendment to the measure considered by Senate.

    Source: Floor

Votes

Versions

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Documents

5 official files

• House receded and concurred with amendment

  summary · EN · 22 June 1982

  Open at official source

• Conference report filed in House

  summary · EN · 21 June 1982

  Open at official source

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• Passed House amended

  summary · EN · 10 June 1982

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• Passed Senate amended

  summary · EN · 21 May 1982

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• Introduced in Senate

  summary · EN · 10 May 1982

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Sponsors

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

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