A bill to amend the Congressional Budget Act of 1974 to impose limits on the amount of total budget outlays contained in concurrent resolutions on the budget.

Summary

Amends the Congressional Budget Act of 1974 to prohibit, for any fiscal year beginning after September 30, 1983, the amount of total budget outlays set forth in any concurrent resolution on the budget from exceeding an amount equal to the greater of: (1) an amount in the same ratio to the gross national product (GNP) for such fiscal year as the total budget outlays to the GNP of the preceding fiscal year, minus one percent of the GNP for such fiscal year; or (2) 19 percent of the GNP for such fiscal year. Permits an increase in such limitation if two-thirds of the whole number of both Houses of Congress pass a bill directed solely to approving specific additional receipts and such bill becomes law.

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Documents

1 official file

• Introduced in Senate

  summary · EN · 18 April 1983

  Open at official source

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