FY06 Budget Reconciliation

    September 16, 2005 -- U.S. Senate Majority Leader Bill Frist (TN) and Senate Budget Committee Chairman Judd Gregg (NH) released the following statement this week:
    "Congress' fall legislative agenda has been significantly modified due to the tragic events caused by Hurricane Katrina. In consultation with Chairman Gregg and those Senate committee chairmen who had been instructed to report recommendations related to outlay reduction reconciliation legislation to the Senate Budget Committee, a modified schedule has been decided. The chairman of the Senate Budget Committee has announced that the committee will report the package of recommendations on October 26, 2005.
    "This decision will allow the Congress and committees to address the immediate concerns related to the recent hurricane and not be encumbered by budget reconciliation requirements in the near term."
    The American Sheep Industry Association met with congressional representatives in regard to the wool loan deficiency payment (LDP) program. The wool LDP and unshorn pelt payments have totaled less than $8 million annually on a $20 million congressional budget office score in the 2002 Farm Bill. Under the reconciliation process, Congress intends to find significant savings in agriculture spending, as well.
Staff contact: Peter Orwick, ext. 33

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