HR 2426 · 106th Congress · Economics and Public Finance

Truth-in-Budgeting Act of 1999

Introduced 1999-07-01· Sponsored by Rep. Costello, Jerry F. [D-IL-12]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.(1999-07-01)

Plain Language Summary

[AI summary unavailable — showing source text] Truth-in-Budgeting Act of 1999 - Requires the President's budget, the budget report of the Congressional Budget Office (CBO) required under the Congressional Budget Act, and the concurrent budget resolution to include, effective for FY 2001: (1) the receipts and disbursements totals of the on-budget trust funds, including the projected levels for at least the next five fiscal years; and (2) the deficit or surplus excluding such trust funds, including the projected levels for at least the next five fiscal years. Requires the President's budget and the CBO budget report to include an itemization of the on-budget trust funds for the budget year, including receipts, outlays, and balances.…

Summarized by Claude AI · Non-partisan · For informational purposes only