H.R.4189 - To amend the Congressional Budget Act of 1974 to provide for budgeting for emergencies through the establishment of a budget reserve account, and for other purposes.103rd Congress (1993-1994)
|Sponsor:||Rep. Castle, Michael N. [R-DE-At Large] (Introduced 04/13/1994)|
|Committees:||House - Government Operations; Rules|
|Latest Action:||House - 04/18/1994 Referred to the Subcommittee on Legislation and National Security. (All Actions)|
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Text: H.R.4189 — 103rd Congress (1993-1994)All Information (Except Text)
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Introduced in House (04/13/1994)
[Congressional Bills 103th Congress] [From the U.S. Government Printing Office] [H.R. 4189 Introduced in House (IH)] 103d CONGRESS 2d Session H. R. 4189 To amend the Congressional Budget Act of 1974 to provide for budgeting for emergencies through the establishment of a budget reserve account, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 13, 1994 Mr. Castle (for himself, Mr. Andrews of New Jersey, Mr. Orton, Mr. Blute, and Mr. Quinn) introduced the following bill; which was referred jointly to the Committees on Government Operations and Rules _______________________________________________________________________ A BILL To amend the Congressional Budget Act of 1974 to provide for budgeting for emergencies through the establishment of a budget reserve account, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. ESTABLISHMENT OF BUDGET RESERVE ACCOUNT. (a) Establishment.--A budget reserve account (hereinafter in this section referred to as the ``account'') shall be established for the purpose of setting aside adequate funding for natural disasters and national security emergencies. (b) Prior Appropriation Required.--The account shall consist of such sums as may be provided in advance in appropriation Acts for a particular fiscal year. (c) Restriction on Use of Funds.--(1) Notwithstanding any other provision of law, the amounts in the account shall not be available for other than emergency funding requirements for particular natural disasters or national security emergencies so designated by Acts of Congress. (2) Funds in the account that are not obligated during the fiscal year for which they are appropriated may only be used for deficit reduction purposes. SEC. 2. CONGRESSIONAL BUDGET PROCESS CHANGES. (a) Contents of Concurrent Resolutions on the Budget.--Section 301(a) of the Congressional Budget Act of 1974 is amended by redesignating paragraphs (6) and (7) as paragraphs (7) and (8), respectively, and by inserting after paragraph (5) the following new paragraph: ``(6) total new budget authority and total budget outlays for emergency funding requirements for natural disasters and national security emergencies to be included in a budget reserve account;''. (b) Section 602 Allocations.--(1) Section 602 of the Congressional Budget Act of 1974 is amended by adding at the end the following new subsection: ``(f) Committee Spending Allocations and Suballocations for Budget Reserve Account.-- ``(1) Allocations.--The joint explanatory statement accompanying a conference report on a budget resolution shall include allocations, consistent with the resolution recommended in the conference report, of the appropriate levels (for each fiscal year covered by that resolution) of total new budget authority and outlays to the Committee on Appropriations of each House for emergency funding requirements for natural disasters and national security emergencies to be included in a budget reserve account. ``(2) Suballocations.--As soon as practicable after a budget resolution is agreed to, the Committee on Appropriations of each House (after consulting with the Committee on Appropriations of the other House) shall suballocate each amount allocated to it for the budget year under paragraph (1) among its subcommittees. Each Committee on Appropriations shall promptly report to its House suballocations made or revised under this paragraph.''. (2) Section 602(c) of the Congressional Budget Act of 1974 is amended by inserting ``or subsection (f)(1)'' after ``subsection (a)'' and by inserting ``or subsection (f)(2)'' after ``subsection (b)''. SEC. 3. REPEAL OF ADJUSTMENT FOR EMERGENCY APPROPRIATIONS. Section 251(b)(2)(D) of the Balanced Budget and Emergency Deficit Control Act of 1985 is repealed. SEC. 4. REPORTING. Not later than November 30, 1996, and at annual intervals thereafter, the Director of the Office of Management and Budget shall submit a report to each House of Congress listing the amounts of money expended from the budget reserve account established under section 1 for the fiscal year ending during that calendar year for each natural disaster and national security emergency. SEC. 5. EFFECTIVE DATE. This Act and the amendments made by it shall apply to fiscal year 1996 and subsequent fiscal years. <all>