Uniform Revenue Estimate and Balanced Budget Act of 1982

Summary

Uniform Revenue Estimate and Balanced Budget Act of 1982 - Amends the Congressional Budget Act of 1974 to prohibit either House of Congress from considering any concurrent resolution on the budget, any amendment to it, or conference report on it, if the adoption of such a measure would cause total budget outlays to exceed the most recent revenue estimate for the fiscal year submitted by the Board of Revenue Estimators (established by this Act), increased by additional revenues to be obtained through the implementation of reconciliation instructions. Provides for a waiver of such prohibition by a three-fifths vote of the Congress, during a national emergency, declaration of war, or economic distress. Establishes a Board of Revenue Estimators to make quarterly reports to the President and to the Committees on the Budget of each House containing an estimate of Federal revenues for the ensuing fiscal year and each of the two fiscal years immediately following. Limits any budget sent by the President to Congress for an ensuing fiscal year to a recommended level of estimated expenditures not exceeding the sum of the Government receipts estimated by the Board of Revenue Estimators, plus any increases in revenues the President recommends.

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1 official file

• Introduced in House

  summary · EN · 27 July 1982

  Open at official source

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