To eliminate the spending cap adjustments for International Monetary Fund funding increases.

Summary

Amends the Congressional Budget Act of 1974 to remove specified increases in the U.S. quota of the International Monetary Fund Eleventh General Review of Quotas or increases in amounts available for New Arrangements to Borrow under the Bretton Woods Agreements Act from the list of amounts for which discretionary spending limits, allocations, and budgetary aggregates are to be adjusted to reflect new budget authority and outlays flowing from reported or amended legislation. Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to make a parallel amendment eliminating such increases from the list of matters which trigger adjustments to discretionary spending limits.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 22 July 1998

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• Introduced in House (PDF)

  Introduced in House · EN · 22 July 1998

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 22 July 1998

  Open at official source

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