Political Quotes

“section 251 of the Balanced Budget and Emergency Deficit Control Act of 1985, BBEDCA, establishes statutory limits on discretionary spending and allows for various adjustments to those limits. In addition, sections 302 and 314(a) of the Congressional Budget Act of 1974 allow the chairman of the Budget Committee to establish and make revisions to allocations, aggregates, and levels consistent with those adjustments. The Senate will soon consider H.R. 5430, United States-Mexico-Canada Agreement Implementation Act. This measure provides supplemental appropriations to implement the trade agreement that qualify for cap adjustments under current statute. This measure includes $843 million in budget authority that is designated as being for emergency purposes pursuant to section 251(b)(2)(A)(i) of BBEDCA. The entirety of this budget authority falls within the revised nonsecurity category. The Congressional Budget Office estimates that these appropriations will result in $334 million in outlays in fiscal year 2020. As a result of the emergency designations, I am revising the budget authority and outlay allocations to the Committee on Appropriations by increasing revised nonsecurity budget authority by $843 million and outlays by $334 million in fiscal year 2020. Further, I am increasing the budgetary aggregate for fiscal year 2020 by equivalent amounts.…”