H.R.128 - Legislative Line Item Veto Act of 1995104th Congress (1995-1996)
|Sponsor:||Rep. Solomon, Gerald B. H. [R-NY-22] (Introduced 01/04/1995)|
|Committees:||House - Government Reform; Rules|
|Latest Action:||01/15/1995 Referred to the Subcommittee on Government Management, Information and Technology.|
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Subject — Policy Area:
- Economics and Public Finance
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Summary: H.R.128 — 104th Congress (1995-1996)All Bill Information (Except Text)
Introduced in House (01/04/1995)
Legislative Line Item Veto Act of 1995 - Grants the President legislative line item veto rescission authority. Authorizes the President to rescind all or part of any budget authority if the President determines that such rescission: (1) would help balance the Federal budget, reduce the Federal budget deficit, or reduce the public debt; (2) will not impair any essential Government functions; (3) will not harm the national interest; and (4) will directly contribute to the purpose of this Act of limiting discretionary spending in FY 1996 or 1997. Requires the President to notify the Congress of such a rescission by special message after enactment of appropriations legislation for FY 1996 or 1997.
Makes such a rescission effective unless the Congress enacts a rescission disapproval bill.
Describes: (1) information to be included in the President's message; and (2) procedures to govern consideration of rescission disapproval legislation in the Senate and the House of Representatives.