Fiscal Year 2013

The Budget Control Act Serves as the Budget for 2012 and 2013

The Budget Control Act states: “For the purpose of enforcing the Congressional Budget Act of 1974 through April 15, 2012 ... the allocations, aggregates, and levels set in subsection (b)(1) shall apply in the Senate in the same manner as for a concurrent resolution on the budget for fiscal year 2012.”  In many ways, the Budget Control Act is even more extensive than a traditional budget resolution. Number one, it has the force of law, unlike a budget resolution that never goes to the President. A budget resolution is purely a Congressional document; the Budget Control Act is a law. Number two, it sets discretionary caps for 10 years, instead of the one year normally set in a budget resolution. Number three, it provides enforcement mechanisms, including two years of “deeming resolutions,” which allow budget points of order to be enforced. And fourth, it creates a reconciliation-like “Super Committee” process to address both entitlements and tax reform. And it backs that process up with a $1.2 trillion sequester.  

Budget Control Act Legislative Text

Mark Up

Mark Up Materials (April 18, 2012)

Chairman Kent Conrad began a mark up of the Fiscal Commission Budget Plan on April 18, with opening statements from members of the Budget Committee followed by his laying down of the plan. Below are Chairman Conrad's opening remarks, charts, and other materials from the mark up:

Chairman Conrad's Floor Speech on the Fiscal Commission Budget Plan

Charts Used During Floor Speech on the Fiscal Commission Budget Plan 

Chairman Conrad's Opening Statement and Additional Remarks

Charts used in the description of the Fiscal Commission Budget Plan

The Fiscal Commission Budget Plan

The Fiscal Commission Budget Plan's Tables

The Fiscal Commission Budget Plan's Legislative Language 

 

Deeming Resolution

Senate Democrats Set Spending Levels For 2013 and Budget Enforcement Through 2022 (March 20, 2012)

On March 20, 2012, Senate Democrats set discretionary spending limits for fiscal year 2013 and budget enforcement levels for the Senate through 2022. The “deeming” resolution filed today by Senate Budget Committee Chairman Kent Conrad (D-ND) adheres to the reduced discretionary spending levels established in last summer’s Budget Control Act. His action allows Senate Appropriations Committee Chairman Daniel K. Inouye (D-HI) to proceed with drafting spending bills for fiscal year 2013, and ensures the Senate will have the tools to enforce those limits when the bills are considered. 

Chairman Conrad's Floor Speech on FY 2013 Spending Levels and the Budget Control Act

Conrad's Remarks at Press Conference Announcing FY 2013 Spending Levels

FY 2013 Deeming Resolution 

Chairman Conrad's Floor Speech 

Charts Used During Press Conference and During Floor Speech 

Conrad/Inouye Letter to House GOP Leadership on FY 2013 Spending Levels