Summary: H.R.4907 — 103rd Congress (1993-1994)All Information (Except Text)

Bill summaries are authored by CRS.

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Passed House amended (08/12/1994)

Baseline Reform Act of 1994 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to revise the definition of baseline to provide for certain inflation adjustments only for the purpose of adjusting discretionary spending limits.

Requires the President's budget to include: (1) estimated expenditures and appropriations for the current year; (2) new budget authority in budget outlay comparisons; and (3) a certain comparison of levels of estimated expenditures and proposed appropriations that includes the proposed increase or decrease in spending in percentage terms.

Amends the Congressional Budget Act of 1974 to make conforming changes to the development of the concurrent resolution on the budget.

Requires the Congressional Budget Office (CBO) to include in reports to budget committees certain current year comparisons and a table on sources of spending growth under current law in total mandatory spending for the budget year and the ensuing four fiscal years.

Requires the CBO to include in cost estimates of pending legislation a comparison of prior year spending levels to current year levels.

Requires the CBO to report to the Congress annually on all programs, projects, and activities that fall within the definition of direct spending.