H.R.323 - Common Sense Budget Act of 1993103rd Congress (1993-1994)
|Sponsor:||Rep. Ramstad, Jim [R-MN-3] (Introduced 01/05/1993)|
|Committees:||House - Government Operations; Rules|
|Latest Action:||03/11/1993 Referred to the Subcommittee on Legislation and National Security.|
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Subject — Policy Area:
- Economics and Public Finance
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Summary: H.R.323 — 103rd Congress (1993-1994)All Bill Information (Except Text)
Introduced in House (01/05/1993)
Common Sense Budget Act of 1993 - Amends Federal law to require both the President and the Congress to draft a budget based on estimates of current fiscal year spending, proposing increases or decreases based on this level (rather than on an estimated baseline).
Amends the Congressional Budget Act of 1974 to require the Congressional Budget Office to use such a current fiscal year baseline in its report to the congressional budget committees, projecting growth for entitlement and discretionary spending based on current fiscal year spending.