Government Economy and Spending Reform Act of 1981

[AI summary unavailable — showing source text] Government Economy and Spending Reform Act of 1981 - Title I: Authorizations of New Budget Authority - Terminates all budget authority for Federal programs on specified dates every five years according to the functional or subfunctional category of each program as set forth in the fiscal year 1981 budget. Requires the Comptroller General to report to Congress by April 1, 1981, on specified programs with respect to the laws under which such program is carried on, the amount of new budget authority received by such program during the four fiscal years ending before January 1, 1981, and to identify programs for which no outlays have been made during the last two fiscal years ending before January 1, 1981. Requires the Committees on Appropriations and the Committees on the Budget of both Houses of Congress to review such report and to identify each program's functional and subfunctional category. Prohibits providing new budget authority after the applicable review date set forth in this Act unless the provision of such budget authority is specifically authorized by law or the standing rules of either House of Congress. Title II: Zero-Base Program Review - Sets forth a timetable for Con…