S. 3008: A bill to establish the Federal Rainy Day Fund to control emergency spending.
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S. 3008: A bill to establish the Federal Rainy Day Fund to control emergency spending.
117th Congress · introduced 2021-10-19 · Economics and Public Finance · Latest: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 149.
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Follow this bill, step by step
- Where it came from: introduced 2021-10-19 · official record
- Who proposed it: Sen. Braun, Mike [R-IN] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 149. Not final yet: this can still change. We check for updates every day.
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
A bill to establish the Federal Rainy Day Fund to control emergency spending.
Plain summary
This bill establishes a Federal Rainy Day Fund to fund emergency spending. Under the bill, an emergency is any occasion or instance for which federal assistance is needed to supplement state and local efforts and capabilities to save lives and to protect property, public health, and safety; or to lessen or avert the threat of a catastrophe in any part of the United States. The bill authorizes annual appropriations to the fund that are equal to 2% of the amount of the previous year's nonemergency discretionary spending. In addition, the bill modifies or establishes various budget enforcement procedures to address spending from the fund. For example, the bill establishes a point of order to prohibit the fund from being used for nonemergency spending, establishes a point of order against provisions that provide emergency spending from the general fund of the Treasury when unobligated funds are available in the rainy day fund, and repeals a provision that currently requires adjustments to discretionary spending limits to accommodate emergency spending. Finally, the bill requires the Government Accountability Office to report on the relationship between emergency, disaster, and wildfire spending, including any recommendations to modify the spending that qualifies as emergency spending.
Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.
What a vote does
A “Yea” vote
If it passes both chambers and is signed, it becomes law.
A “Nay” vote
If it is not passed, current law stays as it is.
PSI Sci description of the legislative step (not an opinion).
What does this mean? (plain words)
Official text
A bill to establish the Federal Rainy Day Fund to control emergency spending.
Source: Congressional Research Service summary (Introduced in Senate)
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Sen. Braun, Mike [R-IN] · 0 cosponsors
Cost estimate: No cost estimate published yet.
No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.
Words on this page, explained (2)
- Appropriation
- Money a legislature sets aside by law for a specific purpose. Government agencies may spend public money only as it has been appropriated.
- Bill
- A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Introduced in Senate)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-117s3008.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/117/s>
Record fed-us-cong117-s3008 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117