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212 records in 1987
United States · United States Congress · 6 January 1987
Establishes the Commission on Senate Operations and Fiscal Procedures to study the alternatives for improving the budget process. Requires a report to the Senate by December 31, 1987.
United States · United States Congress · 6 January 1987
Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to include the pay of Members of Congress within the coverage of such Act.
United States · United States Congress · 6 January 1987
Excludes the Civil Service Retirement and Disability Fund from the Federal budget and the congressional budget. Exempts the Fund from general budget limitations.
United States · United States Congress · 6 January 1987
Requires the President to transmit to the Congress, and the Committee on the Budget of each House to report to the Congress, a balanced budget for each fiscal year beginning with FY 1989. Authorizes the President or Budget Committees to submit alternative budgets providing for a surplus or deficit upon determining that a balanced budget would be inappropriate for a fiscal year. Requires any alternative budget to include a comprehensive plan to balance the budget.
United States · United States Congress · 6 January 1987
Amends the Congressional Budget Act of 1974 to require that Federal expenditures not exceed revenues during any fiscal year, except in time of war declared by the Congress or in a period of declared economic necessity. States that it shall not be in order in either the House of Representatives or the Senate to consider or adopt a concurrent resolution on the budget which is not in keeping with such requirement. Amends the Budget and Accounting Act, 1921 to require the President to transmit a budget to the Congress which complies with such requirements. Directs the President to take action (by placing funds in reserve, by apportionment of funds, or otherwise) necessary to insure such compliance, notwithstanding obligational authority or appropriations made within the executive branch.
United States · United States Congress · 6 January 1987
Repeals the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act), except for specified provisions concerning: (1) the budget treatment of, and restoration of funds to, social security trust funds; and (2) the restoration of funds to other Government trust funds.
United States · United States Congress · 6 January 1987
Title I: Biennial Budget - Amends the Congressional Budget Act of 1974 to revise the Federal and congressional budget process by: (1) establishing a two-year budgeting cycle beginning in the 101st Congress; and (2) providing for the separate consideration of authorizations, appropriations, the concurrent resolution on the budget, and the reconciliation bill or resolution. Requires each standing committee of the Congress to review the laws and programs under its jurisdiction in every odd-numbered year to determine whether such programs should be continued, curtailed, or eliminated and whether new legislation is necessary to comply with congressional intent. Title II: Amendment of Part C of the Balanced Budget and Emergency Deficit Control Act of 1985 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to remove the Comptroller General and the Director of the Congressional Budget Office (CBO) from participation in the sequestration process. Requires the President's initial and final sequestration orders to be in accordance with initial and revised reports by the Director of the Office of Management and Budget (OMB). Requires the Director of OMB (currently, the Director of CBO) to notify the Congress of low economic growth triggering action to suspend sequestration procedures. Repeals provisions setting forth alternative sequestration reporting procedures that were to be followed in the event that the joint CBO-OMB-General Accounting Office reporting procedures were invalidated. Title III: Rescissions of Budget Authority - Amends the Impoundment Control Act of 1974 to provide that budget authority proposed to be rescinded or reserved in a special message from the President to the Congress shall be made available for obligation if, within the prescribed 45-day period, the Congress completes action on a rescission bill which disapproves such proposal. (Current law requires such budget authority to be made available unless the Congress passes a bill rescinding it.)
United States · United States Congress · 6 January 1987
Constitutional Amendment - Requires the Congress, prior to each fiscal year, to adopt a statement of receipts and outlays for that year in which total outlays are not greater than total receipts. Permits the Congress in such statement to provide for a specific excess of outlays over receipts by a three-fifths vote. Requires the President and the Congress to ensure that actual outlays do not exceed the outlays set forth in such statement. Prohibits total receipts for any fiscal year set forth in such statement from increasing by a rate greater than the increase in national income in the last calendar year, unless a bill directed solely to approving specific additional receipts is enacted. Permits the Congress to suspend the provisions of this Act for any fiscal year in which the Congress has declared war. Declares that total receipts shall include all receipts of the United States, except those derived from borrowing, and total outlays shall include all outlays of the United States except those for repayment of debt principal.
United States · United States Congress · 6 January 1987
Constitutional Amendment - Prohibits total budget outlays and total new budget authority for any fiscal year from exceeding the corresponding levels for the preceding fiscal year by a percentage greater than the average annual percentage of increase in the gross national product during the three preceding calendar years. Permits suspension of such limitation for a two-year term of the Congress in time of war or national emergency by a concurrent resolution agreed to by three-fourths of the authorized membership of each House.
United States · United States Congress · 6 January 1987
Constitutional Amendment - Requires the Congress, prior to each fiscal year, to adopt a statement of receipts and outlays for that year in which total outlays are not greater than total receipts. Permits the Congress in such statement to provide for a specific excess of outlays over receipts by a three-fifths vote. Requires the President and the Congress to ensure that actual outlays do not exceed the outlays set forth in such statement. Prohibits total receipts for any fiscal year set forth in such statement from increasing by a rate greater than the increase in national income in the last calendar year, unless a bill directed solely to approving specific additional receipts is enacted. Requires the President, prior to each fiscal year, to transmit to the Congress a proposed statement of receipts and outlays for that year consistent with the provisions of this article. Permits the Congress to waive the provisions of this Act with respect to any fiscal year in which a declaration of war is in effect. Declares that total receipts shall include all receipts of the United States, except those derived from borrowing, and total outlays shall include all outlays of the United States, except those for repayment of debt principal. Declares that the amount of Federal public debt as of the first day of the second fiscal year beginning after the ratification of this article shall become the permanent debt limit. Prohibits any increase in such limit unless three-fifths of the whole number of each House of the Congress pass a bill approving such increase and such bill becomes law.
United States · United States Congress · 6 January 1987
Requires any Federal budget surplus existing following the achievement of a balanced budget to be applied on an annual basis to reduce the national debt. Declares that reducing the national debt should be a major goal of U.S. fiscal policy.
United States · United States Congress · 6 January 1987
Expresses the sense of the Congress that the President's FY 1988 budget request for activities related to acquired immune deficiency syndrome should not be reduced.