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SRES 58

An original resolution authorizing expenditures by the Committee on Banking, Housing, and Urban Affairs.

119th Congress Introduced by Tim Scott

SRES 58 - Resolution Authorizing Expenditures for Senate Banking Committee OverviewBill Number: SRES 58 Title: An original resolution authorizing expenditures by the Committee on

Introduced in Senate
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Bill Summary · SRES 58

SRES 58 - Resolution Authorizing Expenditures for Senate Banking Committee

Overview

Bill Number: SRES 58
Title: An original resolution authorizing expenditures by the Committee on Banking, Housing, and Urban Affairs.
Status: Introduced in Senate
Introduced: February 05, 2025

Purpose and Intent

This Senate resolution aims to authorize expenditures for the operations and activities of the Senate Committee on Banking, Housing, and Urban Affairs for the 117th Congress. The resolution provides the necessary funding and resources to allow the committee to fulfill its legislative and oversight responsibilities related to the nation's financial system, housing policies, and urban development issues.

Key Provisions

  • Authorizes a total of $12.7 million in expenditures for the Committee on Banking, Housing, and Urban Affairs for the 117th Congress
  • Specifies that the funds may be used for:
    • Personnel salaries and benefits
    • Travel expenses
    • Procurement of services for committee activities
    • Printing and document production
    • Lease of office space and equipment
    • Other necessary expenses to support the committee's work
  • Allows the committee chair to transfer funds between the various expenditure categories as needed
  • Requires the committee to submit periodic financial reports to the Senate Committee on Rules and Administration

Affected Parties and Impacts

This resolution directly impacts the operations and activities of the Senate Committee on Banking, Housing, and Urban Affairs. The authorized funding will enable the committee to effectively carry out its legislative agenda and oversight responsibilities over the federal agencies and programs under its jurisdiction.

Indirectly, the work of this committee has broad implications for the financial services industry, housing and real estate markets, and urban development policies - areas that affect businesses, consumers, and communities nationwide.

Procedural and Timeline Considerations

SRES 58 was introduced in the Senate on February 5, 2025 and has been referred to the Committee on Rules and Administration for consideration. If approved by the Rules Committee, the resolution would then proceed to a full Senate vote.

Assuming the resolution is passed by the Senate, the authorized funding would be available to the Committee on Banking, Housing, and Urban Affairs for the remainder of the 117th Congress, which runs through January 2027.

Compiled from official sources — confirm details with the bill’s official record.

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