All Roll Calls
Yes: 102 • No: 95
SCONRES7119th CongressWALLET
An original concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2025 and setting forth the appropriate budgetary levels for fiscal years 2026 through 2034.
Sponsored By: Senator Lindsey Graham
Passed Senate
Summary
Sets a binding 10-year federal budget framework for 2025–2034 with year-by-year ceilings on revenues, outlays, deficits, and debt and detailed, category-by-category funding levels. It also creates enforcement mechanics, reconciliation targets, and reserve funds to shape how Congress meets those ceilings.
Show full summary
- Provides families, workers, and households with decade-long spending ceilings across 15 major program categories such as Health, Education, Income Security, and Medicare. These category limits set the envelopes Congress must use when considering funding and reconciliation for 2025–2034.
- Locks in Senate tallies for Social Security Old-Age and Survivors Insurance and Disability Insurance trust funds and sets administrative expense budgets for the Social Security Administration across 2025–2034. Those tallies and admin budgets are treated as enforcement constraints for the Senate.
- Directs nine House committees and parallel Senate committees to report reconciliation changes by March 7, 2025 with specified deficit-reduction or increase targets. It creates reserve funds, applies PAYGO-style rules, and lets House and Senate Budget Committee chairs adjust aggregates and allocations in response to enacted law and CBO baseline updates.
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Bill Overview
Analyzed Economic Effects
8 provisions identified: 3 benefits, 0 costs, 5 mixed.
Set Social Security funding baselines
If adopted by both chambers, the Senate would use fixed yearly Social Security revenue, outlay, and admin tallies for 2025–2034 to enforce budget rules. Example for 2025: revenues about $1.304 trillion, outlays about $1.414 trillion, and SSA admin new budget authority about $6.408 billion. These numbers would guide Senate enforcement so benefit checks and operations planning use the same baselines.
Set USPS admin funding levels
If adopted by both chambers, the Senate would use set yearly amounts for USPS administrative new budget authority and outlays in 2025–2034 to enforce budget rules. Example: about $268 million in 2025 and about $364 million in 2034. These amounts would be used as constraints for Senate enforcement.
Protect Medicaid and Medicare Part A
If adopted by both chambers, Congress would create a reserve fund to protect Medicaid and extend Medicare Part A’s trust fund. The Senate Budget chair could adjust budget limits to fit bills that do this. Any bill must not increase the deficit for 2025–2034.
Fast-track budget bills and deadlines
If adopted by both chambers, certain House and Senate committees would have to propose budget changes for 2025–2034 by March 7, 2025. The Senate Budget Committee would package Senate recommendations into a reconciliation bill without substantive changes. Budget Committee chairs could adjust allocations to fit compliant reconciliation bills.
Count SSA and Postal admin costs
If adopted by both chambers, both chambers would include Social Security Administration and U.S. Postal Service administrative costs in budget allocations and enforcement for 2025–2034. This would make SSA and USPS admin funding part of the baseline used to judge spending bills.
Ten-year budget and debt targets
If adopted by both chambers, Congress would set yearly totals for revenues, outlays, deficits, and debt for 2025–2034. Example for 2025: revenues about $3.853 trillion and a deficit about $782.9 billion. It would also set dollar levels by major category (like Health, Medicare, Social Security, Education, and Defense) to guide committee allocations.
Easier path for deficit-neutral deregulatory bills
If adopted by both chambers, Budget chairs could revise budget limits to fit bills that do not raise the deficit for 2025–2034. The Senate chair could also do this for deregulatory bills that lower new spending from federal rules and do not raise the deficit for 2025–2029 or 2025–2034.
How budget limits can be changed
If adopted by both chambers, Budget chairs could adjust totals and allocations to match new budget concepts, CBO baseline updates, or new laws that revise discretionary caps. Adjustments would apply during consideration and take effect upon enactment, and must be published in the Congressional Record. Chairs must also publish committee allocations for FY2025 and 2025–2034 for enforcement, even without a conference report.
Sponsors & CoSponsors
Sponsor
Lindsey Graham
SC • R
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
senate vote • 2/21/2025
On the Concurrent Resolution S.Con.Res. 7
Yes: 52 • No: 48
senate vote • 2/18/2025
On the Motion to Proceed S.Con.Res. 7
Yes: 50 • No: 47
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