To provide that, beginning with fiscal year 1994, the President transmit to Congress and Congress consider a budget that requires a balanced budget by fiscal year 1998 and for subsequent fiscal years, and for other purposes.

Summary

Title I: Amendment to Title 31, United States Code - Requires the President to submit a budget to the Congress for FY 1994, 1995, 1996, 1997, or 1998 for that fiscal year and the four ensuing fiscal years that provides for a balanced budget for FY 1998 and subsequent fiscal years. Requires any budget submitted for a fiscal year after FY 1998 to be a budget that provides for a balanced budget for that fiscal year and the four ensuing fiscal years. Title II: Amendment to Congressional Budget Act of 1974 - Amends the Congressional Budget Act of 1974 to make conforming requirements with respect to any concurrent resolution on the budget for FY 1994, 1995, 1996, 1997, or 1998 as reported by the Committee on the Budget of each House. Requires the House Committee on Rules, if it reports any rule or order providing for the consideration of any concurrent resolution on the budget for a fiscal year, to provide for: (1) the consideration of the text of any concurrent budget resolution reported by the House Committee on the Budget; and (2) the consideration of the text of each concurrent budget resolution as introduced by the majority leader. Requires such rule or order to assure a separate vote on each budget. Requires the majority leader of the House of Representatives to introduce a concurrent budget resolution reflecting, without substantive revision, the budget submitted by the President, as soon as practicable. Makes it always in order in the Senate to consider an amendment to a concurrent budget resolution comprising the text of any budget submitted by the President. Title III: Clarification of Relationship to Other Laws - Excludes receipts and disbursements of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund from being counted as new budget authority, outlays, receipts, or deficit or surplus. Requires any final sequestration report for FY 1994 or 1995 to set forth the amount of deficit reduction beyond the enforcement of discretionary spending limits and pay-as-you-go requirements. Provides that the amount of budget-year deficit reduction shall constitute a downward adjustment to the discretionary spending limits for the budget year. Requires, if such limits are adjusted downward for FY 1994, that such limits to be so adjusted for FY 1995 by the same amount. Excludes from the Office of Management and Budget estimates for FY 1994 the amount of budget-year deficit reduction attributable to direct spending and receipts legislation. Requires, if an amount of deficit reduction is excluded from FY 1994 estimates, that an entry of the same amount be made in FY 1995 estimates. Title IV: Effective Date - Requires amendments made by this Act to be reflected in the budget for FY 1994.

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

Timeline

1. 5 June 1992

   Introduced

   Referred to the House Committee on Government Operations.

   Source: IntroReferral

2. 5 June 1992

   Introduced

   Introduced in House

   Source: IntroReferral

3. 5 June 1992

   Introduced

   Introduced in House

   Source: IntroReferral

4. 8 June 1992

   Referred

   Referred to the Subcommittee on Legislation and National Security.

   Source: Committee

5. 9 June 1992

   Vote

   On motion to suspend the rules and pass the bill Failed by the Yeas and Nays: (2/3 required): 199 - 220 (Roll no. 174).

   Source: Floor

6. 9 June 1992

   Vote

   Failed of passage/not agreed to in House: On motion to suspend the rules and pass the bill Failed by the Yeas and Nays: (2/3 required): 199 - 220 (Roll no. 174).

   Source: Floor

7. 9 June 1992

   Floor

   Considered under suspension of the rules.

   Source: Floor

8. 9 June 1992

   Vote

   At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 5, rule I, the chair announced that further proceedings on the motion would be postponed.

   Source: Floor

9. 9 June 1992

   Floor

   DEBATE - The House proceeded with forty minutes of debate.

   Source: Floor

10. 9 June 1992

    Floor

    Mr. Synar moved to suspend the rules and pass the bill.

    Source: Floor

Votes

No vote records are attached yet.

Versions

• Introduced in House · undated · Official file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 5 June 1992

  Open at official source

Sponsors

• Rep. Kennelly, Barbara B. [D-CT-1] · D · Sponsor
• Rep. Spratt, John M., Jr. [D-SC-5] · D · Sponsor
• Rep. Mavroules, Nicholas [D-MA-6] · D · Sponsor
• · hsgo00 · Standing
• · hsru00 · Standing

Related records

• related to → To allow an item veto in appropriation Acts for fiscal years 1991, 1992, 1993, 1994, and 1995 by the President to reduce spending to levels necessary to achieve a balanced budget by fiscal year 1995, and to establish select committees on congressional budget and appropriation process reform in the House of Representatives and in the Senate.