On the recordSeptember 14, 2016
I would mention that the Congressional Budget Office has prepared a revised cost estimate for the committee- reported S. 2848, and I have a copy of the letter here, which says that CBO estimates that the net changes in outlays and revenues that are subject to pay-as-you-go procedures would increase budget deficits by $294 million over the 2016-2026 period. As such, the pending measure, substitute amendment No. 4979, would violate the Senate pay-go rule and increase the on-budget deficit over the period of fiscal years 2016- 2026. Therefore, I raise a point of order against this measure pursuant to section 201(a) of S. Con. Res. 21, the concurrent resolution on the budget for fiscal year 2008. I yield the floor. The PRESIDING OFFICER. The Senator from Oklahoma.
