New spending, in the absence of a concurrent resolution<ref>The Congressional Budget and Impoundment Control Act of 1974 requires the adoption each year of a concurrent resolution on the budget.</ref>, serves for the chamber passing it as an annual budget resolution for purposes of establishing enforceable budget levels for a budget cycle. | New spending, in the absence of a concurrent resolution<ref>The Congressional Budget and Impoundment Control Act of 1974 requires the adoption each year of a concurrent resolution on the budget.</ref>, serves for the chamber passing it as an annual budget resolution for purposes of establishing enforceable budget levels for a budget cycle. |