Congressional Spending Power Act

[AI summary unavailable — showing source text] Congressional Spending Power Act - Prohibits the President from impounding any funds appropriated by law unless he transmits to both the House of Representatives and the Senate a special message specifying: the amount of funds to be impounded; the specific projects affected thereby; and the reason for the impounding of such funds. Requires the Congress to approve or consider the specific impounding of funds within sixty calendar days of continuous session after the special message is received by the Congress or the impounding of funds shall be deemed to have been refused. Specifies procedures for the consideration by the Congress of the President's special message.…