Political Quotes

“on November 2, 2015, the President signed the Bipartisan Budget Act of 2015 into law, H.R. 1314, P.L. 114-74. This bill passed the House of Representatives by a vote of 266 to 167 and the Senate by a vote of 64 to 35. Section 101 of H.R. 1314 redefined the term ``discretionary spending limit'' to add $50 billion in budget authority for fiscal year 2016. This increase was split evenly between defense and nondefense spending. More specifically it increased the fiscal year 2016 discretionary spending limit for the revised security category to $548.091 billion in new budget authority and the revised nonsecurity category to $518.491 billion in new budget authority. Section 3404 of the fiscal year 2016 budget resolution provides me with the authority to adjust levels and allocations for such changes in definitions in enacted legislation. I am therefore adjusting the allocation to the Committee on Appropriations and the budgetary aggregates to reflect the spending limits of the Bipartisan Budget Act of 2015. In addition to the changes triggered by P.L. 114-74, section 251 of the Balanced Budget and Emergency Deficit Control Act of 1985, BBEDCA, allows for various adjustments to the discretionary spending 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 will soon consider H.R.…”