On Monday, Aug. 9, Senate Democrats released the text and supporting materials for the fiscal year (FY) 2022 Budget resolution, which contains topline budgetary instructions for House and Senate committees as they develop policies to meet the $3.5 trillion Budget reconciliation package through which congressional Democrats will seek to pass progressive policies, likely without Republican support.
Today, Senate Democrats released the following materials:
In addition, Senate Majority Leader Chuck Schumer (D-NY) sent a Dear Colleague letter to Senate Democrats in which he said the Senate will “immediately” move to the Budget resolution once the chamber finishes the Infrastructure Investment and Jobs Act. Final Senate passage of that bill is expected by early Tuesday morning.
Schumer has pushed committees to rapidly craft the Budget reconciliation policies, instructing chairs to hold regular meetings during the August work period to complete the required work. Alongside Schumer’s request, the Budget resolution requests committees submit their legislative materials to the Budget Committees by Sept. 15.
This alert provides an overview of the Budget resolution, with a particular focus on the select tax and health care components expected to be developed during committee consideration.
Click here for the full alert.