A bill to provide an annual general outline for the current Federal budgetary and fiscal situation.

[AI summary unavailable — showing source text] Requires the Committee on Ways and Means of the House and the Committee on Finance of the Senate to, within the period beginning January 20 and ending March 1 of each calendar year, investigate, study, and hold hearings on the then current budgetary and fiscal situation of the Federal Government, and matters pertaining thereto, which will affect the fiscal, budgetary, and spending policies of the Federal Government for the following full fiscal year. Requires that, on or before March 15 of the year in which such investigation, study, and hearings are conducted, the Committee shall report to their respective House a simple resolution containing: (1) the anticipated gross national product in the following full fiscal year; (2) the estimated national total of all personal income in that fiscal year; (3) the estimated national total of all corporate and other business income in that fiscal year; (4) the estimated situation of the United States with respect to its balance of payments with foreign nations in that fiscal year; (5) the estimated revenues of the Federal Government in that fiscal year under existing authority; and (6) methods by which such estimated revenues may be increased…