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United States · Bill · S

S. 823 (104th)

Long Term Budgeting Act of 1995

referredUnited States· United States Congress· EN

Introduced

18 May 1995

Last action

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Status

Read twice and referred jointly to the Committees on Budget; Governmental Affairs pursuant to the order of August 4, 1977, with instructions that if one Committee reports, the other Committee have thirty days to report or be discharged.

Sponsors

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Subjects

Discovery layer

Source updated

21 August 2025

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Summary

Long Term Budgeting Act of 1995 - Amends the Congressional Budget Act of 1970 to require that the report accompanying the concurrent budget resolution include an analysis prepared, after consultation with the Director of the Congressional Budget Office, for a period of 30 years, of the estimated levels of total budget outlays and total new budget authority, the estimated revenues to be received, and the estimated surplus or deficit, if any, for each major Federal entitlement program for each year. Requires the President's budget to include generational accounting consequences of the budget for the 20th year following the budget's submission, the revenue levels required to eliminate the projected Federal deficit, and a projection for the 5th, 10th, 20th, and 30th year after the budget's submission of the projected receipts and outlays for each major entitlement program.

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3 official files

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