Economy in Government and Spending Reform Act

[AI summary unavailable — showing source text] Economy in Government and Spending Reform Act - Title I: Authorizations of Budget Authority - Terminates all budget authority for an unspecified or indefinate number of years except such as apply to trust funds effective October 1, 1980. Limits budget authority for new programs to four years but in no case longer than the original budget authority period plus one year. Prohibits the authorization of budget authority for more than one fiscal year for a program or activity for which new budget authority has not been authorized for any prior fiscal year; (2) for more than two fiscal years for a program or activity for which new budget authority has been authorized for only one prior fiscal year; or (3) for a program or activity for which new budget authority has been authorized for less than four prior fiscal years, unless a program control review has been conducted, and a report submitted thereon, as required by this Act. Prohibits the changing of any trust fund or permanent budget authority without first conducting a program control review of such activity as provided for by this Act. Makes this title effective on the first day of the first session of the Ninety-fifth Congress. Titl…