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Upcoming Congressional Fiscal Policy Deadlines

Jan 15, 2019 | Budget Process

Updated 1/15/2019: A continuing resolution funding the seven appropriations bills that had not been previously enacted lapsed at midnight on December 21, resulting in a partial government shutdown that affects activities ranging from Environmental Protection Agency inspections to national park operations. Five of 12 appropriations bills have been signed, including those funding the Department of Defense, veterans’ programs, and the legislative branch. 

Congress failed to meet two of its November 30 deadlines, with the Joint Select Committee on Budget and Appropriations Process Reform failing to report its recommendations, while the pension committee did not even markup a proposal. The House of Representatives was considering, but did not vote on, a bill that would have extended tax provisions that expired at the end of 2017.

The next two years will include several predictable fiscal policy deadlines that will force congressional action. Many of these deadlines could bring additional costs if Congress acts irresponsibly, or they could present an opportunity for Congress to reduce deficits.

We will regularly update this tracker to help reporters, congressional staff, and others interested in fiscal policy keep tabs of major deadlines. We recommend that you bookmark it and come back to check in.

Congress will need to act on each of these dates or enact short-term extensions to move the deadlines.

Issue   Deadline   Potential Ten-Year Cost   More Information
Funding the Government / Appropriations   December 21, 2018, for departments & agencies funded by remaining seven appropriations bills   None if Congress abides by budget caps   Partial shutdown began when Congress did not pass appropriations or short-term extension. 
Q&A: Everything You Should Know About Government Shutdowns
Appropriations Watch
Expiring Authorizations   September 30, 2018,
December 21. 2018, January 9, 2019, January 21, 2019

September 30: Pandemic and All-Hazards Preparedness Reauthorization Act, Land and Water Conservation Fund

December 21: Violence Against Women Act, Temporary Assistance for Needy Families, Child Care Entitlement to States, EPA pesticide registration authorization

January 9: Chemical Facility Anti-Terrorism Standards

January 21: Supplemental Nutrition Assistance Program authority to make obligations for mandatory payments

First Expiration of the 2017 Tax Bill: Medical Expense Deduction   December 31, 2018   $2.5 billion for 1 year; $25 billion if extended permanently   The deduction would shrink, covering expenses that exceed 10% of adjusted gross income instead of 7.5% currently.
“Tax Extenders” – 20+ tax breaks that expired in 2017   December 31, 2017
Must-act deadline: early 2019
  ~$10 billion for 1 year; $80 billion if extended permanently   Retroactively reinstated for 2017; currently expired for 2018. Can theoretically be reinstated before the start of the tax filing season (typically mid-to-late January 2019).
Lift Debt Ceiling   March 2, 2019
Must-act deadline: several months later
  N/A   The debt limit was suspended by the Bipartisan Budget Act of 2018 through March 2019. Treasury will be able to use “extraordinary measures” past that point to avoid breaching the debt ceiling. 
Q&A: Everything You Should Know About the Debt Ceiling
National Flood Insurance Program Reauthorization Needed   May 31, 2019   TBD   The House and Senate elected to extend the deadline for another five months at the end of December. More on NFIP
Increased Defense/Non-Defense Discretionary Caps   October 1, 2019   One-year: $125 billion; up to $1.7 trillion if extended   The Bipartisan Budget Act of 2018 set funding levels for 2018 and 2019. Sequester-level caps return for FY 2020 and 2021. Discretionary spending caps are scheduled to fall by $125 billion between 2019 and 2020.
Paid Family Leave Credit Expires & ACA Taxes Reinstated   December 31, 2019   ~$20 billion for 1 year; $185 billion if extended permanently       Includes the delays of the medical device tax and health insurance tax from the January 2018 CR and the expiration of a paid leave credit created by the 2017 tax bill. 
Three-Week Funding Deal Includes $30 Billion in Tax Cuts

Longer-Term Deadlines 

  • 2022: Highway Trust Fund Exhaustion
  • 2025: Multiemployer Pension Insurance Fund Exhaustion
  • 2025: Social Security Disability Insurance (SSDI) Trust Fund Exhaustion
  • 2026: Medicare Hospital Insurance (Part A) Trust Fund Exhaustion
  • 2032: Social Security Old-Age and Survivors Insurance (OASI) Trust Fund Exhaustion

These trust fund exhaustion dates are estimates provided by the Congressional Budget Office. The Social Security Trustees project slightly different dates of 2032 for Disability Insurance and 2034 for Old-Age and Survivors Insurance.