3/17/2023 0 Comments Congressional budget calendar![]() ![]() ![]() IssueĬongress enacted an FY 2022 omnibus appropriations bill that was signed into law on March 15. We recommend that you bookmark it and come back to check in.Ĭongress may be compelled to act on each of these dates or enact short-term extensions to move the deadlines to buy time for action. We will regularly update this tracker to help reporters, congressional staff, and others interested in fiscal policy keep tabs of major deadlines. Many of the regular non-COVID deadlines could bring additional costs if Congress acts irresponsibly, or they could present an opportunity for Congress to reduce deficits. Many provisions providing COVID relief are expiring either in September or at the end of the year. The next few years will include several predictable fiscal policy deadlines that will force congressional action. The appropriations, debt limit, infrastructure, and reconciliation packages set up many of the deadlines described below. In late December 2020, lawmakers enacted a combined omnibus appropriations bill and COVID-19 relief package that funded the government, included tax and health extenders, extended programs such as TANF, and provided more than $900 billion in support for individuals, businesses, and institutions affected by the pandemic. In March 2021, President Biden signed the American Rescue Plan, enacted through budget reconciliation, which included an extension of expanded unemployment benefits, stimulus checks, enhanced tax credits for families, and a range of other programs designed to respond to the economic and public health consequences of the COVID-19 pandemic. Both chambers needed to pass legislation increasing the debt limit before exhaustion of Treasury funds, before the end of December.Įarlier in the fall, President Biden signed the Infrastructure Investment and Jobs Act, that reauthorized highway and transit programs through FY 2026, averting a shutdown of transportation programs, ending a series of extensions since the end of FY 2020, and preventing insolvency to the Highway Trust Fund through additional transfers of money. 16, following weeks of uncertainty and separate enactment of procedural legislation related to expediting action on the debt limit. President Biden signed legislation to increase the debt limit by $2.5 trillion on Thursday, Dec. Congress needed to complete appropriations work and the President needed to sign the measure by Tuesday, March 15, when the final FY 2022 continuing resolution expired. The House had passed the measure on March 9, by votes of 361-69 (security portion) and 260-171-1 (non-security portion). On March 15, the President signed the FY 2022 omnibus appropriations bill, which the Senate passed on March 10, by a vote of 68-31, clearing it for enactment. The pause on repayments would have otherwise ended at the beginning of May. In early April, the White House announced an additional four-month delay in student loan repayments. The measure sets up a number of new policy deadlines included below, such as those applying to corporate taxes, health care subsidies, and changes to Medicare. President Biden signed the Inflation Reduction Act on Aug. The plan extends the current repayment pause until the end of the year, while cancelling $10,000 per borrower of student debt for households who make less than $250,000 in income (and individuals who made less than $125,000) plus up to $20,000 for Pell Grant recipients. The White House announced executive action on student debt cancellation on Wednesday, Aug. 16 and extends several other policy deadlines for two and a half months. ![]() The President signed the measure, which funds the government through Dec. 30, following Senate passage on Thursday, Sept. The House passed a continuing resolution on Friday, Sept. Updated 10/13/22: The Biden Administration announced an additional three-month extension of the public health emergency declaration for COVID-19 on Thursday, Oct. ![]()
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