This bill would set yearly caps on most federal spending that Congress approves each year (called discretionary spending) for 2026–2029. The goal is to limit how much total funding can be provided in those years. The caps are $1.622 trillion for 2026, $1.638 trillion for 2027, $1.655 trillion for 2028, and $1.671 trillion for 2029, measured as “new budget authority” for discretionary programs. In short, it creates fixed limits on this part of the budget for four years.

What this means for people and communities:

• Who is affected: Federal agencies and programs funded through the annual budget process (for example, many education, housing, research, transportation, and defense activities).
• What changes: Congress must write yearly spending bills that fit under these fixed totals for 2026–2029: $1.622T, $1.638T, $1.655T, and $1.671T in order.
• When: These limits would apply to fiscal years 2026 through 2029.