A bill to amend the Impoundment Control Act of 1974 to require that any amount of budget authority proposed to be rescinded or reserved by the President not be made available for obligation unless both Houses of the Congress approve a resolution of disapproval within a prescribed period of time.

[AI summary unavailable — showing source text] Amends the Impoundment Control Act of 1974 to require Congress, within 45 days after the President notifies Congress of his intention to rescind appropriated budget authority, to pass a resolution disapproving such rescission in order to make such budget authority available for obligation.…