A bill to amend the Impoundment Control Act of 1974 respecting the rescissions of budget authority.

Summary

Amends the Impoundment Control Act of 1974 to redefine the term "rescission resolution" to mean a concurrent resolution (not, as currently, a bill or resolution which actually rescinds funds) which only expresses the disapproval of the Congress of a proposed rescission of budget authority set forth in a special message transmitted by the President. Provides that any amount of budget authority proposed to be rescinded or reserved shall be made available for obligation if, within the prescribed 45-day period, Congress passes a rescission resolution disapproving such proposed rescission or reservation (currently, permits obligation of the funds in question unless Congress, within the 45 day period, completes action on a bill rescinding or reserving such funds).

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Documents

1 official file

• Introduced in House

  summary · EN · 3 March 1983

  Open at official source

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