A bill to require that not more than one-fourth of the budget authority of any department or agency of the executive branch may be obligated during the last quarter of a fiscal year.

Summary

Requires the Director of the Office of Management and Budget to assure that no more than 25 percent of any Federal agency's budget authority for a fiscal year may be obligated in the last quarter of such year. Permits departures from such requirement if necessary to avoid disruption. Requires the Director to report to the Congress on action taken pursuant to this Act and on any departures. Exempts any reserves established and any other actions taken to satisfy this Act from specified reporting requirements of the Impoundment Control Act of 1974.

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Timeline

1. 2 October 1985

   Introduced

   Read twice and referred to the Committee on Governmental Affairs.

   Source: IntroReferral

2. 2 October 1985

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 2 October 1985

  Open at official source

Sponsors

• Sen. Gore, Albert, Jr. [D-TN] · D · Sponsor
• · ssga00 · Standing

Related records

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