S.150 - Biennial Budgeting and Appropriations Act114th Congress (2015-2016)
|Sponsor:||Sen. Isakson, Johnny [R-GA] (Introduced 01/13/2015)|
|Committees:||Senate - Budget|
|Latest Action:||Senate - 11/04/2015 Committee on the Budget. Hearings held. (All Actions)|
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Summary: S.150 — 114th Congress (2015-2016)All Information (Except Text)
Introduced in Senate (01/13/2015)
Biennial Budgeting and Appropriations Act
Amends the Congressional Budget Act of 1974 to require biennial (currently, annual) budget resolutions, biennial appropriations Acts, and biennial government strategic and performance plans.
States that budget biennium is the two consecutive fiscal years beginning on October 1 of any odd-numbered year.
Requires the Office of Management and Budget to report to Congress on 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.