Bob Corker: “We saw during this last CR that there is a process called ChIMPS where you can take money out of mandatory spending…”

“We saw during this last CR that there is a process called ChIMPS where you can take money out of mandatory spending temporarily and spend more in discretionary spending, which over the last 2 years has allowed us to spend $35 billion more than the Budget Control Act allowed. Senator Mikulski and Senator Shelby both agree that there is a problem here. They have agreed to try to work toward a solution to keep this gimmick from being used in the future. I will say that this came over from the House this way. It is not something that originated here in the Senate. But because they have agreed to work toward a solution, I withdraw my amendment and thank them for their cooperation. The ACTING PRESIDENT pro tempore. The Senator from Maryland.”