Truth in Budgeting Act of 1983

Summary

Truth in Budgeting Act of 1983 - Amends the Federal Financing Bank Act of 1973 to require that the receipts and disbursements of the Federal Financing Bank be included in the totals of the budget of the United States Government. Authorizes the Director of the Office of Management and Budget to issue regulations providing that the budget authority and outlays arising from the Federal Financing Bank's operations shall be charged to the account of the appropriate Federal agency. Prohibits a Federal agency from: (1) issuing or selling an obligation of a type ordinarily financed in investment securities markets unless that obligation is first offered for sale to the Bank; or (2) guaranteeing such an obligation unless the terms of the guarantee will cease to be effective if the obligation is held by any person or governmental entity other than the guaranteeing agency or the Bank.

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

Timeline

1. 8 March 1983

   Introduced

   Read twice and referred to the Committee on Banking.

   Source: IntroReferral

2. 8 March 1983

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 23 March 1983

   Committee

   Committee on Banking requested executive comment from Treasury Department.

   Source: Committee

4. 5 April 1983

   Committee

   Subcommittee on Federal Credit Programs. Hearings held.

   Source: Committee

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 8 March 1983

  Open at official source

Sponsors

• Sen. Proxmire, William [D-WI] · D · Sponsor
• Sen. Gorton, Slade [R-WA] · R · Sponsor
• · ssbk00 · Standing

Related records

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