Political Quotes

“Mr. President, on February 9, 2018, the President signed the Bipartisan Budget Act of 2018 into law, H.R. 1892, P.L. 115-123. This bill passed the Senate by a vote of 71 to 28 and the House of Representatives by a vote of 240 to 186. Section 30101 of H.R. 1892 increased the statutory discretionary spending limits for Fiscal Year 2018. More specifically, it increased the Fiscal Year 2018 discretionary spending limit for the revised security category to $629 billion in new budget authority and the revised nonsecurity category to $579 billion in new budget authority. Section 4108 of the Fiscal Year 2018 congressional budget resolution provides me with the authority to adjust enforceable levels and allocations for such changes in the statutory limits. I am therefore adjusting the allocation to the Committee on Appropriations and the budgetary aggregates to reflect the new spending limits imposed by the Bipartisan Budget Act of 2018. In addition to the changes triggered by P.L. 115-123, 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, while 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 is considering the House amendment to the Senate amendment to H.R.…”