H. Con. Res. 71 (115th Congress)

Concurrent Resolution on the Budget for
Fiscal Year 2018


TITLE IV—RESERVE FUNDS IN THE HOUSE OF REPRESENTATIVES
sec. 403. reserve fund on comprehensive tax reform.

In the House of Representatives, if the Committee on Ways and Means reports a bill or joint resolution that provides for comprehensive tax reform, the chair of the Committee on the Budget may adjust the allocations, aggregates, and other appropriate budgetary levels in this concurrent resolution for the budgetary effects of any such bill or joint resolution, or amendment thereto or conference report thereon, if such measure would not increase the deficit for the total of fiscal years 2018 through 2027.


House Budget Committee Report on Budget Resolution
(H. Rept. 115-240, Report on H. Con. Res. 71 (115th Congress))

Section 403. Reserve Fund for Comprehensive Tax Reform.

Section 403 permits the Chair of the Committee on the Budget to adjust the allocations, aggregates, and other appropriate levels in the budget resolution for comprehensive tax reform. Adjustments may be made for bills, joint resolutions, amendments and conference reports. The amount of the adjustment would be equal to the amount the legislation increases budget authority and outlays or reduces revenue. To qualify for the adjustment, the legislation may not increase the deficit over the period of fiscal years 2018 through 2027.

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