The United States Senate Committee on the Budget was established by the Congressional Budget and Impoundment Control Act of 1974. It is responsible for drafting Congress's annual budget plan and monitoring action on the budget for the Federal Government. The committee has jurisdiction over the Congressional Budget Office. The committee briefly operated as a special committee from 1919 to 1920 during the 66th Congress, before being made a standing committee in 1974.^[1]

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Senate Budget Committee

Standing committee
Active United States Senate 118th Congress
History
Formed	1974
Leadership
Chair	Sheldon Whitehouse (D) Since January 3, 2023
Ranking member	Chuck Grassley (R) Since January 3, 2023
Structure
Seats	21
Political parties	Majority (11)   Democratic (10)   Independent (1) Minority (10)   Republican (10)
Jurisdiction
Policy areas	Budgetary policy and process, Fiscal policy, Government spending, Public debt, Tax expenditures
Oversight authority	Congressional Budget Office
House counterpart	House Budget Committee
Meeting place
608 Dirksen Senate Office Building Washington, DC 20510
Website
www.budget.senate.gov
Rules
Rules of the Committee on the Budget

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The current Chair is Rhode Island Senator Sheldon Whitehouse, and the Ranking Member is Iowa Senator Chuck Grassley.

The Budget Committee should not be confused with the Finance Committee and the Appropriations Committee, both of which have different jurisdictions: The Finance Committee is analogous to the Ways and Means Committee in the House of Representatives; it has legislative jurisdiction in the areas of taxes, Social Security, Medicare, Medicaid and some other entitlements. The Appropriations Committee has legislative jurisdiction over appropriations bills, which provide funding for government programs.

While the budget resolution prepared by the Budget Committee sets out a broad blueprint for the Congress with respect to the total levels of revenues and spending for the government as a whole, these other Committees prepare bills for specific tax and spending policies.