Accurate Accounting Act of 2016

Summary

Accurate Accounting Act of 2016 This bill amends the Congressional Budget Act of 1974 and the Budget Enforcement Act of 1990 to permit Social Security spending and revenues to be counted in the totals included in the congressional budget resolution and the President's budget. The bill amends the Statutory Pay-As-You-Go Act of 2010 (PAYGO) to prohibit increases in Social Security revenues or decreases in Social Security spending from being counted as savings for the purpose of PAYGO rules that restrict legislation that increases the deficit. (Under current law, the Social Security trust funds are off-budget and all budgetary effects are excluded from the budget totals and PAYGO calculations.) The President must submit a budget for each department and agency that includes: a description of each activity for which funds were appropriated for the current year or requested for the budget year, the legal basis for each activity, three alternative funding levels and the priorities that could be accomplished with each, and measures of cost efficiency and effectiveness for each activity. The Office of Management and Budget must publish guidelines to require: (1) the baseline budget of each department or agency to be assumed to be zero, and (2) each proposed expenditure to be justified as if it were new. The Government Accountability Office must revise a study of mandatory spending required under current law at least every five years.

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

Timeline

1. 22 September 2016

   Introduced

   Introduced in House

   Source: IntroReferral

2. 22 September 2016

   Introduced

   Referred to the Committee on the Budget, and in addition to the Committees on Rules, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

3. 22 September 2016

   Introduced

   Referred to the Committee on the Budget, and in addition to the Committees on Rules, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

4. 22 September 2016

   Introduced

   Introduced in House

   Source: IntroReferral

5. 29 September 2016

   Referred

   Referred to the Subcommittee on Social Security.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 22 September 2016 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 22 September 2016

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 22 September 2016

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 22 September 2016

  Open at official source

Sponsors

• Tom Graves · R · Sponsor
• · hswm00 · Standing
• · hsru00 · Standing
• · hsbu00 · Standing

Related records

• related to → Accurate Accounting Act of 2016