S.2526 - Truth in Budgeting Act of 1992102nd Congress (1991-1992)
|Sponsor:||Sen. Packwood, Bob [R-OR] (Introduced 04/02/1992)|
|Committees:||Senate - Budget; Governmental Affairs|
|Latest Action:||04/02/1992 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. (All Actions)|
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Summary: S.2526 — 102nd Congress (1991-1992)All Information (Except Text)
Introduced in Senate (04/02/1992)
Truth in Budgeting Act of 1992 - Amends the Congressional Budget and Impoundment Control Act of 1974 to provide for the treatment of intragovernmental transactions involving certain trust funds, including various Social Security, railroad, and Federal retirement funds.
Requires revenues that are dedicated by law to a particular trust fund to be offset against total budget authority and outlays of that trust fund.
Requires interest paid by the Government to a trust fund on its investments in Government securities or guaranteed securities to be offset against the budget authority and outlays of the trust fund receiving the payment.
Requires a Federal entity's payments as an employer into a trust fund to be offset against the budget authority and outlays of the trust fund receiving the payment.