Concurrent resolution revising the congressional budget for the U.S. government for the fiscal year 1976, directing certain reconciliation action, and providing for the transition quarter.

Summary

Sets forth budget levels for the fiscal year beginning on July 1, 1975 which include: (1) total budget outlays of $375,600,000,000; (2) new budget authority of $406,200,000,000; (3) a budget deficit of $74,800,000,000; (4) Federal revenues of $300,800,000,000; and (5) a public debt of $623,200,000,000. Directs the Senate Committee on Finance and the House Committee on Ways and Means to submit to their respective Houses legislation to decrease Federal revenues by $6,400,000,000. States the budget levels for the transition quarter beginning on July 1, 1976.

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Timeline

1. 12 November 1975

   Reported

   Reported to Senate from the Committee on the Budget, S. Rept. 94-453.

   Source: Committee

2. 12 November 1975

   Reported

   Reported to Senate from the Committee on the Budget, S. Rept. 94-453.

   Source: Committee

3. 12 November 1975

   Introduced

   Referred to Senate Committee on the Budget.

   Source: IntroReferral

4. 12 November 1975

   Introduced

   Introduced in Senate

   Source: IntroReferral

5. 19 November 1975

   Floor

   Call of calendar in Senate.

   Source: Floor

6. 20 November 1975

   Floor

   Measure considered in Senate.

   Source: Floor

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 12 November 1975

  Open at official source

Sponsors

• Sen. Muskie, Edmund S. [D-ME] · D · Sponsor
• · ssbu00 · Standing

Related records

• related to → Concurrent resolution revising the congressional budget for the U.S. Government for the fiscal year 1976, and directing certain reconciliation action.