S.206 - Line Item Veto Act104th Congress (1995-1996)
|Sponsor:||Sen. McCain, John [R-AZ] (Introduced 01/11/1995)|
|Committees:||Senate - Budget; Governmental Affairs|
|Latest Action:||Senate - 01/11/1995 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)|
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Summary: S.206 — 104th Congress (1995-1996)All Information (Except Text)
Introduced in Senate (01/11/1995)
Line Item Veto Act - Grants the President legislative line item veto rescission authority. Authorizes the President to rescind all or part of any discretionary budget authority or veto any targeted tax benefit if the President determines that such rescission: (1) would help reduce the Federal budget deficit; (2) will not impair any essential Government functions; and (3) will not harm the national interest. Requires the President to notify the Congress of such a rescission or veto by special message after enactment of appropriations legislation providing such budget authority or a revenue Act containing a targeted tax benefit.
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.