Truth in Budgeting Act of 1982

Summary

Truth in Budgeting Act of 1982 - Amends the Federal Financing Bank Act of 1973 to require that the receipts and disbursements of the Federal Financing Bank be included in the totals of the budget of the United States Government. Permits the Director of the Office of Management and Budget to issue regulations charging any budget authority and outlays caused by the Bank to the account of the appropriate Federal agency. Prohibits a Federal agency from: (1) issuing or selling an obligation of a type ordinarily financed in investment securities markets unless that obligation is first offered for sale to the Bank; or (2) guaranteeing such an obligation unless the terms of the guarantee will cease to be effective if the obligation is held by any person or governmental entity other than the guaranteeing agency or the Bank. Permits the Secretary of the Treasury to waive such requirements with respect to the types of obligations that the Secretary determines are not appropriate investments for the Bank.

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

Timeline

1. 23 March 1982

   Introduced

   Referred to House Committee on Banking, Finance and Urban Affairs.

   Source: IntroReferral

2. 23 March 1982

   Introduced

   Introduced in House

   Source: IntroReferral

3. 23 March 1982

   Introduced

   Introduced in House

   Source: IntroReferral

4. 15 April 1982

   Referred

   Referred to Subcommittee on Financial Institutions Supervision, Regulation and Insurance.

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 23 March 1982

  Open at official source

Sponsors

• Rep. Gradison, Willis D., Jr. [R-OH-1] · R · Sponsor
• Rep. Bethune, Ed [R-AR-2] · R · Sponsor
• · hsba00 · Standing
• · hswm00 · Standing

Related records

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