Formulation and Content of the Budget Resolution (CRS Report for Congress)
| Release Date |
Revised May 1, 2007 |
| Report Number |
98-512 |
| Authors |
William Heniff, Jr., Government and Finance Division |
| Source Agency |
Congressional Research Service |
| Older Revisions |
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Summary:
The Congressional Budget Act of 1974 (Titles I-IX of P.L. 93-344, 88 Stat. 297-332) established the concurrent budget resolution as the centerpiece of the congressional budget process. The annual budget resolution is an agreement between the House and Senate on a budget plan for the upcoming fiscal year and at least the following four fiscal years. As a concurrent resolution, it is not sent to the President for his signature and thus does not become law. The budget resolution, however, provides the framework for subsequent legislative action on the annual appropriations bills, revenue measures, debt-limit legislation, reconciliation legislation (if required), and any other budgetary legislation. Consequently, the President may be drawn into negotiations with Congress on the budget resolution. For more information on the budget process, see http://www.crs.gov/¿products/¿guides/¿guidehome.shtml.
