There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
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.