H. Con. Res. 312 would revise the congressional budget for the United States Government for fiscal year 2008, establish the congressional budget for the United States Government for fiscal year 2009, and set forth appropriate budgetary levels for fiscal years 2010 through 2013.
Detailed Summary
Revises and replaces the congressional budget for the federal government for FY2008.
Sets forth the congressional budget for the federal government for FY2009, including the appropriate budgetary levels for FY2010-FY2013.
Recommends budgetary levels and amounts for FY2008-FY2013 for: (1) federal revenues; (2) new budget authority; (3) budget outlays; (4) deficits (on-budget); (5) debt subject to limit; and (6) debt held by the public.
Lists the appropriate levels of new budget authority and outlays for specified major functional categories for FY2008-FY2013.
Sets forth reconciliation instructions for the Committee on Ways and Means.
Authorizes certain deficit-neutral reserve funds for: (1) the State Children's Health Insurance Program (SCHIP); (2) veterans and servicemembers; (3) educational benefits for servicemembers, veterans, and their families; (4) infrastructure investment; (5) renewable energy and energy efficiency; (6) middle-income tax relief and economic equity; (7) alternative minimum tax revision; (8) higher education; (9) affordable housing; (10) Medicare improvements; (11) health care quality, effectiveness, and efficiency; (12) Medicaid and other programs; (13) trade adjustment assistance and unemployment insurance modernization; (14) county payments legislation; (15) San Joaquin River restoration and Navajo Nation Water Rights settlement; (16) the National Park Centennial Fund; and (17) child support enforcement.
Provides for adjustments to discretionary spending limits, budgetary authority, and outlays for: (1) continuing disability reviews and Supplemental Security Income (SSI) redeterminations by the Social Security Administration (SSA); (2) Internal Revenue Service (IRS) tax compliance; (3) the health care fraud and abuse control program; and (4) unemployment insurance program integrity activities.
Prohibits House legislation that would require advance appropriations, except certain FY2010 or FY2011 programs, projects, activities, or accounts.
States that new budget authority and outlays resulting from adoption of legislation making appropriations for FY2008-FY2009 for overseas deployments and related activities, or emergency appropriations for nondefense discretionary spending, shall not count for certain purposes of the Congressional Budget Act of 1974 (CBA).
Declares the policy of this resolution on: (1) middle-income tax relief; and (2) defense priorities.
Expresses the sense of the House of Representatives on: (1) the Innovation Agenda and America Competes Act; (2) servicemembers' and veterans' health care and other priorities; (3) homeland security; (4) long-term fiscal revision; (5) waste, fraud, and abuse; (6) extension of the statutory PAYGO rule; (7) long-term budgeting; (8) the need to maintain and build upon efforts to fight hunger; (9) affordable health coverage; (10) pay parity; (11) subprime lending and foreclosures; and (12) the importance of child support enforcement.
Status of the Legislation
Latest Major Action: 3/12/2008: House floor actions. Status: Committee of the Whole House on the state of the Union rises leaving H. Con. Res. 312 as unfinished business.
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