HR 652 · 95th Congress · Economics and Public Finance

Fiscal Integrity Act

Introduced 1977-01-04· Sponsored by Rep. Robinson, J. Kenneth [R-VA-7]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Rules.(1977-01-04)

Plain Language Summary

[AI summary unavailable — showing source text] Fiscal Integrity Act - Title I: Revenue and Budget Outlays Control - Revises the Congressional Budget and Impoundment Control Act to define the term "Federal revenue and budget outlay limit" to be the amount derived through a specified series of mathematical formulas. Prohibits the concurrent resolution on the budget from including any provision which exceeds the Federal revenue and budget outlay limit. Requires that each House include in its report to its House a comparison of estimated budget authority as set forth by the President and by the concurrent resolution. Prohibits amendment of the concurrent resolution during consideration by the Senate or the House of Representatives which exceeds the Federal revenue and budget outlay limit. Requires that the impact of new budget authority and budget outlays, and a projection for the next five fiscal years of the impact of new tax expenditures on the Federal revenue and outlay limit, be included in a statement accompanying a bill or resolution reported by a committee of either House. Requires the Director of the Congressional Budget Office to include in his five-year projection report, the concomitant predicted Federal revenue and bud…

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