An original concurrent resolution revising the congressional budget for the United States Government for fiscal years 1980, 1981, and 1982.

Summary

Sets forth the congressional budget for the United States Government for fiscal years 1980, 1981, and 1982. Sets the recommended levels of Federal revenues at: $514,700,000,000 for 1980; $603,600,000,000 for 1981; and $658,400,000,000 for 1982. Recommends increases in the aggregate levels of Federal revenues of $2,000,000,000 in fiscal year 1980 and $9,700,000,000 in fiscal year 1981. Recommends a decrease in such revenues of $38,700,000,000 in fiscal year 1982. States that the appropriate levels of total new budget authority for fiscal years 1980, 1981, and 1982 respectively are as follows: $632,200,000,000; $649,200,000,000; and $722,500,000,000. Lists the appropriate levels of total budget outlays for fiscal years 1980, 1981, and 1982 respectively as follows: $542,700,000,000; $588,600,000,000; and $632,800,000,000. States that a budget deficit of $28,000,000,000 for fiscal year 1980 would be appropriate in light of economic conditions. Recommends budget surpluses of $15,000,000,000 in fiscal year 1981 and $25,600,000,000 in fiscal year 1982. Sets the appropriate level of the public debt at: $887,400,000,000 in fiscal year 1980 with an increase in the temporary statutory debt limit of $57,400,000,000; $906,200,000,000 in fiscal year 1981 with an increase in the temporary statutory debt limit of $76,200,000,000; and $921,400,000,000 in fiscal year 1982 with an increase in the temporary statutory debt limit of $91,400,000,000. Sets forth the appropriate levels of new budget authority and estimated budget outlays for each major functional category of the budget in fiscal years 1980, 1981, and 1982. Directs each of the following congressional committees to reduce the budget authority and outlays for fiscal year 1980 contained in reported or enacted legislation within its jurisdiction to specified levels and to recommend legislative changes to the Budget Committee of the House which would accomplish such reductions: (1) the Committees on Appropriations of the House and Senate; (2) the Committees on Agriculture of the House and Senate; (3) the Committees on Armed Services of the House and Senate; (4) the Senate Committee on Environment and Public Works and the House Committee on Public Works and Transportation; (5) the Senate Committee on Finance and the House Committee on Ways and Means; (6) the Senate Committee on Governmental Affairs and the House Committee on Government Operations; and (7) the Committees on Veterans Affairs of the House and Senate. Requires such legislative recommendations to be made no later than September 25, 1979, or ten days after the completion of congressional action on this resolution, whichever first occurs.

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Documents

6 official files

• House agreed to Senate amendment with amendment

  summary · EN · 8 November 1979

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• Senate agreed to House amendment with amendment

  summary · EN · 7 November 1979

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• Conference report filed in Senate

  summary · EN · 1 November 1979

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• Passed House amended

  summary · EN · 27 September 1979

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• Passed Senate amended

  summary · EN · 19 September 1979

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• Introduced in Senate

  summary · EN · 24 August 1979

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