RFG 2018 Conference

budget

Budget resolution requires natural resource committees to find $1 billion in increased revenue

U.S. Money

On October 19, the Senate passed a fiscal year (FY) 2018 budget resolution (H.Con.Res.71) with an amendment in the nature of a substitute (S.Amdt.1116), which sets the stage for passing tax reform legislation. Part of the Senate amendment includes instructions for both the House Committee on Energy and Commerce and the Senate Committee on Energy and Natural Resources to write legislative recommendations by November 13 that would result in $1 billion in new revenue over ten years to offset federal tax cuts.

House and Senate committees approve five appropriations bills for DOE, CJS, and Interior and Environment

U.S. Capitol with flag

The House of Representatives has been moving Fiscal Year (FY) 2018 budget bills out of committee more quickly than the Senate. The full House has passed one bill, for the Department of Defense; no appropriations bills have reached the Senate floor yet. Congress and the President must agree a budget or a Continuing Resolution by September 30 to avoid a government shutdown. More detail on agency budgets is available here.

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