H.R.4907 - Baseline Reform Act of 1994103rd Congress (1993-1994)
|Sponsor:||Rep. Spratt, John M., Jr. [D-SC-5] (Introduced 08/05/1994)|
|Committees:||House - Government Operations; Rules | Senate - Budget; Governmental Affairs|
|Committee Reports:||H.Rept 103-688 Part 1|
|Latest Action:||Senate - 08/16/1994 Received in the Senate and 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)|
|Roll Call Votes:||There have been 2 roll call votes|
This bill has the status Passed House
Here are the steps for Status of Legislation:
- Passed House
Summary: H.R.4907 — 103rd Congress (1993-1994)All Information (Except Text)
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.