A bill to require the President to notify the Congress whenever he impounds funds, or authorizes the impounding of funds, and to provide a procedure under which the House of Representatives and the Senate may disapprove the President's action and require him to cease such impounding.

[AI summary unavailable — showing source text] Requires the President, when he impounds funds appropriated or otherwise obligated for a specific purpose or project, within ten days thereafter, to transmit to the Senate and the House of Representatives a special message specifying: (1) the amount of funds impounded; (2) the specific projects or governmental functions affected thereby; and (3) the reasons for the impounding of such funds. Requires the President to cease the impounding of funds set forth in each special message within sixty calendar days of continuous session after the message is received by the Congress unless the specific impoundment shall have been disapproved by the Congress by passage of a concurrent resolution in accordance with the procedure under this Act. Directs any resolution introduced with respect to a special message to be referred to the Committee on Appropriations of the House of Representatives or the Senate. Directs the Committee to make a motion to proceed to consideration of the resolution, and forbids amendments to this motion. Limits debate on the resolution to not more than two hours, divided equally between those in favor and and those opposed to the resolution. Forbids amendment to the res…