Congressional Budget Act Amendments of 1979

[AI summary unavailable — showing source text] Congressional Budget Act Amendments of 1979 - Amends the Congressional Budget Act of 1974 to prohibit the Congress from considering any legislation which contains new spending authority effective for any fiscal year beyond amounts provided in appropriation acts. Defines "new spending authority" to include any authority not provided by law on the effective date of this Act, or any increase in existing authority, whether temporary or permanent, to: (1) enter contracts; (2) incur indebtedness except under the Second Liberty Bond Act; (3) make any payments including loans and grants; (4) insure or guarantee any indebtedness; and (5) obligate the United States to make outlays by any other means. Prohibits the Congress from considering any legislation which provides new budget authority for an indefinite period of time or an unspecified number of fiscal years without requiring recurring action by the Congress. States that it shall not be in order in either House of Congress to consider any legislation which authorizes outlays beyond a single fiscal year. Establishes the seventh day after Labor Day as the deadline for completion of all action on legislation providing new budget authority …