The passage of the House budget resolution is one small step in a long and complicated legislative process that may spark significant changes to the current federal retirement system.
Or, it may not.
Republicans are serious about enacting a budget resolution this year, which they see as the vehicle to put their top legislative priority â tax reform â in motion.
Budget resolutions set spending levels under broad legislative categories and arenât presented to the president. They can also include âreconciliation instructions,â which set the procedures for enacting parts of the resolution into law.