Spending reduction reserve fund to save more than $2,000,000,000,000
Title III — Reserve funds
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How the text changed
The Chairman of the Committee on the Budget of the Senate may revise the allocations of a committee or committees, aggregates, and other appropriate levels in this resolution for one or more bills, joint resolutions, amendments, amendments between the Houses, motions, or conference reports relating to spending reforms that will— (1) scrutinize line item expenditures, especially non-defense spending that did not exist prior to or has grown significantly since the start of the COVID–19 pandemic; (2) fulfill the President’s promise to protect the old-age, survivors, and disability insurance benefits program under title II of the Social Security Act (42 U.S.C. 401 et seq.), the Medicare program under title XVIII of the Social Security Act (42 U.S.C. 1395 et seq.), or the Medicaid program under title XIX of the Social Security Act (42 U.S.C. 1396 et seq.), including from waste, fraud, and abuse; and (3) include policy changes that reduce the deficit through reconciliation, executive action, or rescissions by Congress and the President by more than $2,000,000,000,000 over 10 years, by the amounts provided in such legislation for those purposes, provided that such legislation would reduce outlays and the deficit over the period of the total of fiscal years 2025 through 2034.
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