HCONRES 27 · 114th Congress · Economics and Public Finance
Establishing the budget for the United States Government for fiscal year 2016 and setting forth appropriate budgetary levels for fiscal years 2017 through 2025.
Bill Progress
1
Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Received in the Senate. Placed on Senate Legislative Calendar under General Orders. Calendar No. 34.(2015-04-13)
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Plain Language Summary
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Establishes the congressional budget for the federal government for FY2016 and sets forth budgetary levels for FY2017-FY2025. Recommends levels and amounts for FY2016-FY2025 for federal revenues, new budget authority, budget outlays, deficits (on-budget), debt subject to limit, debt held by the public, and the major functional categories. Includes reconciliation instructions directing 13 House authorizing committees to submit deficit reduction legislation to the House Budget Committee no later than July 15, 2015. Requires specified House committees to submit to the House Budget Committee findings identifying changes in law to achieve savings through eliminating waste, fraud, and abuse. Sets forth budget enforcement procedures addressing the inclusion of macroeconomic effects (dynamic scoring) in cost estimates for legislation, measures affecting Social Security solvency, administrative expenses, transfers to the Highway Trust Fund, advance appropriations, fair value credit estimates, long-term spending, allocations for Overseas Contingency Operations/ Global War on Terrorism, and legislation that decreases direct spending and authorizes appropriations for the same purpose. Establis…
Summarized by Claude AI · Non-partisan · For informational purposes only