Summary: S.Con.Res.20 — 107th Congress (2001-2002)All Information (Except Text)

There is one summary for S.Con.Res.20. Bill summaries are authored by CRS.

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Introduced in Senate (03/05/2001)

Sets forth the congressional budget for the Government for FY 2002.

Lists recommended budgetary levels and amounts with respect to: (1) Federal revenues; (2) new budget authority; (3) budget outlays; (4) deficits; (5) public debt; and (6) debt held by the public.

Sets forth specified amounts of revenues and outlays of the Federal Old-Age and Survivors and Disability Insurance Trust Funds, including those for administrative expenses.

Lists the appropriate levels of new budget authority and budget outlays for specified major functional categories.

Authorizes certain reductions in revenues in the event of estimates of negative economic growth or gross Federal debt reduction.