To provide that, beginning with fiscal year 1995, the President transmit to Congress and Congress consider a budget permitting no more than a 4 percent growth in budget authority and outlays, and providing for a balanced budget for fiscal year 1999 and subsequent years, and for other purposes.

Summary

Title I: Amendment to Title 31, United States Code - Requires any budget submitted by the President for FY 1995 through 1998 to be a budget for that fiscal year and the four ensuing fiscal years that permits no more than a four percent growth in budget authority and outlays, and provides for a balanced budget for FY 1999 and subsequent years. Requires any budget submitted after FY 1999 to provide for a balanced budget for that fiscal year and the four ensuing years. Title II: Amendment to Congressional Budget Act of 1974 - Amends the Congressional Budget Act of 1974 to require any concurrent resolution on the budget for FY 1995, through 1998 to set forth appropriate levels for the fiscal year beginning on October 1 of the calendar year in which it is reported and for each of the four ensuing fiscal years that provides for a budget permitted no more than a four percent growth in budget authority and outlays, and provides for a balanced budget for FY 1999 and subsequent years. Provides procedural rules for the House of Representatives and the Senate. Title III: Effective Date - Makes this Act effective for the concurrent resolution on the budget for FY 1995 and requires it to be fully reflected in the President's budget for FY 1995.

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

Timeline

1. 11 June 1992

   Introduced

   Referred to the House Committee on Government Operations.

   Source: IntroReferral

2. 11 June 1992

   Introduced

   Introduced in House

   Source: IntroReferral

3. 11 June 1992

   Introduced

   Introduced in House

   Source: IntroReferral

4. 16 June 1992

   Referred

   Referred to the Subcommittee on Legislation and National Security.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · — · Download file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 11 June 1992

  Open at official source

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Sponsors

• Rep. Regula, Ralph [R-OH-16] · R · 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.