A bill to amend the Budget and Accounting Act, 1921, to require the President to submit balanced budgets to the Congress.

[AI summary unavailable — showing source text] Amends the Budget and Accounting Act, 1921, to require the President to transmit to Congress during the first 15 days of each regular session a budget for the ensuing fiscal year which sets forth a recommended level of estimated expenditures that does not exceed estimated receipts during such fiscal year.…