S.554 - Biennial Budgeting and Appropriations Act113th Congress (2013-2014)
|Sponsor:||Sen. Isakson, Johnny [R-GA] (Introduced 03/13/2013)|
|Committees:||Senate - Budget|
|Latest Action:||03/13/2013 Read twice and referred to the Committee on the Budget.|
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Subject — Policy Area:
- Economics and Public Finance
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Summary: S.554 — 113th Congress (2013-2014)All Bill Information (Except Text)
Introduced in Senate (03/13/2013)
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.