H.R.113 - Balanced Budget Requirement Act of 1996105th Congress (1997-1998)
|Sponsor:||Rep. Condit, Gary A. [D-CA-18] (Introduced 01/07/1997)|
|Committees:||House - Budget; Rules|
|Latest Action:||02/24/1997 Referred to the Subcommittee on the Legislative and Budget Process. (All Actions)|
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Subject — Policy Area:
- Economics and Public Finance
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Summary: H.R.113 — 105th Congress (1997-1998)All Bill Information (Except Text)
Introduced in House (01/07/1997)
Balanced Budget Requirement Act of 1996 (sic) - Amends specified Federal law to require that each President's budget submission to Congress include a detailed plan to achieve a balanced Federal budget for that fiscal year and each of the following four fiscal years (beginning with the budget submission for FY 1998, which shall include a detailed plan to achieve a balanced budget by FY 2002, and then for any budget submission for any fiscal year after FY 2002). Suspends such requirement for any fiscal year covered by a joint resolution declaring war or a national economic or national security emergency.
Requires the Director of the Congressional Budget Office to certify whether such balanced budget plan does achieve a balanced budget. Authorizes the President to submit a revised detailed plan if the original plan is not certified as achieving a balanced budget.
Amends the Congressional Budget Act of 1974 (CBA) to provide that: (1) beginning with FY 1998, it shall not be in order in the House of Representatives or the Senate to consider any concurrent resolution on the budget that does not achieve a balanced budget by FY 2002; and (2) beginning with FY 2002 it shall not be in order to consider any concurrent resolution on the budget that does not maintain a balanced budget for that fiscal year and for each of the following four fiscal years. Suspends such requirement when there is a joint resolution declaring war or a national economic or national security emergency.
Amends CBA to make it in order, in both the Senate and the House of Representatives, to consider any amendment to a concurrent resolution on the budget for a fiscal year reflecting, without substantive change, the budget submitted by the President for that fiscal year and, if different, a separate amendment reflecting the detailed plan to achieve a balanced budget submitted by the President.