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United States · Bill · HR

H.R. 4060 (102nd)

To require that the President transmit to Congress, that the congressional budget Committees report, and that the Congress consider a balanced budget for each fiscal year.

referredUnited States· United States Congress· EN

Introduced

26 November 1991

Last action

9 December 1991 · Referred

Status

Referred to the Subcommittee on Legislation and National Security.

Sponsors

Rep. Hoagland, Peter [D-NE-2]

Subjects

Taxation, Budget

Source updated

4 February 2025

Taxation · Budget

Summary

Title I: Amendment to Title 31, United States Code - Amends Federal law to require that any budget submitted by the President not be in deficit. Provides that if the President determines that a balanced budget is not feasible, and submits written reasons in support of such determination, then the President may submit two budgets, one in compliance and one in deficit. Title II: Amendment to Congressional Budget Act of 1974 - Amends the Congressional Budget Act of 1974 to require that any budget submitted by the congressional Budget Committees not be in deficit. Provides that if either committee determines that it is infeasible to submit a balanced budget, then such committee may submit two budgets, one of which is in deficit, together with written reasons for such determination. Requires each concurrent resolution on the budget to contain reconciliation directives necessary to implement the resolution. Requires the Committee on Rules of the House of Representatives, if it reports any rule or order providing for the consideration of any concurrent resolution on the budget, to: (1) provide for the consideration of the text of any balanced budget concurrent resolution reported by the House Committee on the Budget; and (2) provide for the consideration of the text of each concurrent resolution on the budget introduced by the Majority Leader as representing the President's budget. Requires a separate vote on each budget. Requires the Majority Leader to introduce a concurrent resolution on the budget reflecting, without substantive revision, each budget submitted by the President. Makes it always in order in the Senate to consider a budget resolution consisting of the text of a budget submitted by the President. Title III: Effective Date - Makes this Act effective for the concurrent resolution on the budget for FY 1991.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 26 November 1991

    Introduced

    Referred to the House Committee on Government Operations.

    Source: IntroReferral

  2. 26 November 1991

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 26 November 1991

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 9 December 1991

    Referred

    Referred to the Subcommittee on Legislation and National Security.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

2 official files

Introduced in House (text)

View fileDownload file

Sponsors

Related records

Sources

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