S.2627 - Biennial Budgeting and Appropriations Act110th Congress (2007-2008)
|Sponsor:||Sen. Domenici, Pete V. [R-NM] (Introduced 02/13/2008)|
|Committees:||Senate - Budget|
|Latest Action:||02/13/2008 Read twice and referred to the Committee on the Budget. (text of measure as introduced: CR S972-975) (All Actions)|
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Subject — Policy Area:
- Economics and Public Finance
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Summary: S.2627 — 110th Congress (2007-2008)All Bill Information (Except Text)
Introduced in Senate (02/13/2008)
Biennial Budgeting and Appropriations Act - Amends the Congressional Budget Act of 1974 to require: (1) biennial (currently, annual) budget resolutions; (2) biennial appropriations Acts; and (3) biennial government strategic and performance plans.
Defines the budget biennium as the two consecutive fiscal years beginning on October 1 of any odd-numbered year.
Requires the Director of the Office of Management and Budget (OMB) to: (1) determine the impact and feasibility of changing the definition of a fiscal year and the budget process based on that definition to a two-year fiscal period with a biennial budget process based on such period; and (2) report the findings to the House and Senate Budget Committees.