HR 1492 · 95th Congress · Economics and Public Finance

Truth in Budgeting Act

Introduced 1977-01-06· Sponsored by Rep. Hagedorn, Thomas M. [R-MN-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Rules.(1977-01-06)

Plain Language Summary

[AI summary unavailable — showing source text] Truth in Budgeting Act - Requires the Secretary of the Treasury to prepare and make public annual consolidated financial statements for all expenditures of the United States utilizing the accrual method of accounting. Amends the Congressional Budget Act to require that all public bills and resolutions introduced in Congress or reported by a committee contain an estimate of the average cost of such measure of each taxpaying family.…

Summarized by Claude AI · Non-partisan · For informational purposes only