Honest and Balanced Budget Act

Summary

Honest and Balanced Budget Act - Amends the Congressional Budget and Impoundment Control Act of 1974 to exclude, beginning with FY 1990, Federal Old-Age and Survivors Insurance Trust Fund and Federal Disability Insurance Trust Fund receipts and outlays in Federal deficit determinations for purposes of the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act). Increases the permissible maximum deficit amounts for FY 1990 through 1993. Establishes allowable maximum deficits for FY 1994 and 1995, to reach zero with respect to FY 1996.

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Timeline

1. 6 February 1989

   Introduced

   Introduced in House

   Source: IntroReferral

2. 6 February 1989

   Introduced

   Introduced in House

   Source: IntroReferral

3. 6 February 1989

   Introduced

   Referred to the House Committee on Government Operations.

   Source: IntroReferral

4. 15 February 1989

   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 · 6 February 1989

  Open at official source

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Sponsors

• Rep. McCandless, Alfred A. (Al) [R-CA-44] · R · Sponsor
• Rep. Clinger, William F., Jr. [R-PA-5] · R · Cosponsor
• Rep. Schiff, Steven [R-NM-1] · R · Cosponsor
• Rep. Ray, Richard B. [D-GA-3] · D · Cosponsor
• Rep. Hastert, J. Dennis [R-IL-14] · R · Cosponsor
• Rep. Fawell, Harris W. [R-IL-13] · R · Cosponsor
• Rep. Bilirakis, Michael [R-FL-9] · R · Cosponsor
• Rep. Nielson, Howard C. [R-UT-3] · R · Cosponsor
• Rep. Meyers, Jan [R-KS-3] · R · Cosponsor
• Rep. Walsh, James T. [R-NY-25] · R · Cosponsor
• Rep. Packard, Ron [R-CA-48] · R · Cosponsor
• Rep. Hyde, Henry J. [R-IL-6] · R · Cosponsor
• Rep. Campbell, Tom [R-CA-15] · R · Cosponsor
• Rep. Lewis, Thomas F. [R-FL-12] · R · Cosponsor
• Rep. Lightfoot, Jim [R-IA-3] · R · Cosponsor
• Rep. Owens, Wayne [D-UT-2] · D · Cosponsor
• Rep. Ritter, Don [R-PA-15] · R · Cosponsor
• Rep. Gallegly, Elton [R-CA-24] · R · Cosponsor
• Rep. Hunter, Duncan [R-CA-52] · R · Cosponsor
• · hsgo00 · Standing

Related records

• related to → To amend the Congressional Budget and Impoundment Control Act of 1974 to exclude receipts and disbursements of the social security trust funds from the calculation of Federal deficits and maximum deficit amounts under the Balanced Budget and Emergency Deficit Control Act of 1985.