1、Order Code RS20870Updated December 28, 2006Revenue Reconciliation Directives to theSenate Finance Committee in CongressionalBudget ResolutionsRobert KeithSpecialist in American National GovernmentGovernment and Finance DivisionSummaryDuring the more than 30 years that the congressional budget proces
2、s has been ineffect, the Senate Finance Committee has been subject to revenue reconciliationdirectives in a budget resolution on 18 occasions. Nine instances involved directives toreduce revenues, while the remaining nine instructed the committee to increaserevenues. In all but three of the 18 insta
3、nces, revenue reconciliation directives to thecommittee were accompanied by spending reconciliation directives.The revenue reconciliation directives varied in their time frame, from single-yearcoverage (in the FY1976, FY1981, and FY1990 budget resolutions) to 11-year coverage(in the FY2002 and FY200
4、4 budget resolutions). Further, the amount of requiredrevenue changes ranged from less than $5 billion in a single year to $1.250 trillion over11 years. The eight budget resolutions agreed to by the House and Senate over the 11-year period covering FY1996-FY2007 (no budget resolution was agreed to f
