U.S. House Committee on the Budget

The U.S. House Committee on the Budget, commonly known as the House Budget Committee, is a standing committee of the United States House of Representatives. Its responsibilities include legislative oversight of the federal budget process, reviewing all bills and resolutions on the budget, and monitoring agencies and programs funded outside of the budgetary process. The committee briefly operated as a select committee in 1919 and 1921, during the 66th and 67th Congresses, before being made a standing committee in 1974.

In early December 2013, House Budget Committee Chairman Rep. Paul Ryan (R-Wis.) and Senate Budget Committee Chairwoman Sen. Patty Murray (D-Wash.) reached a two-year budget agreement that would prevent a government shutdown and increase military spending by providing relief for sequester cuts.

The primary responsibility of the Budget Committee is the drafting and preparation of the Concurrent Resolution on the Budget, commonly referred to as the "budget resolution." This resolution sets the aggregate levels of revenue and spending that is expected to occur in a given fiscal year. A budget resolution by law must be enacted by Congress by April 15. This target date is rarely met, and in at least four years (FY1999, FY2003, FY2005, and FY2007) no budget resolution was ultimately adopted. This resolution also gives to each committee of the House an "allocation" of "new budget authority." This allocation is important in the consideration of legislation on the floor of the House. If a bill comes to the floor to be considered and it causes an increase in spending above this allocation, it is subject to a point of order (under 302(f) of the Congressional Budget Act). This is true for discretionary spending (spending that is provided to the Federal Government each year) and mandatory spending (spending such as entitlements where a beneficiary class is defined and a benefit is provided). If an entitlement is expanded and it has not been budgeted for in the budget resolution, it is subject to a point of order on the floor and, if not waived, will prevent it from being called up for consideration (if a Member of Congress stands before the body and makes the point of order).

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