HCONRES 314 · 96th Congress · Economics and Public Finance

A concurrent resolution setting forth the congressional budget for the United States Government for Fiscal Year 1981.

Introduced 1980-04-01· Sponsored by Rep. Latta, Delbert L. [R-OH-5]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on the Budget.(1980-04-01)

Plain Language Summary

[AI summary unavailable — showing source text] Sets forth the congressional budget for the United States Government for fiscal year 1981. Recommends a level of Federal revenues in fiscal year 1981 of $599,900,000,000. Sets the appropriate level of new budget authority at $681,300,000,000 and total budget outlays at $597,800,000,000. States that a budget surplus of $2,100,000,000 would be appropriate in fiscal year 1981 in light of economic conditions. Establishes $921,200,000,000 as the appropriate level of the public debt in fiscal year 1981. Sets the appropriate level of total gross obligations for the principal amount of direct loans at $60,600,000,000. Recommends a ceiling of $79,600,000,000 on total commitments to guarantee loan principal in fiscal year 1981.…

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