S 2921 · 97th Congress · Economics and Public Finance
Balanced Budget Enforcement Act of 1982
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred jointly to the Committees on Budget; Governmental Affairs pursuant to the order of August 4, 1977 with instructions that if one Committee reports, the other Committee has thirty days of continous session to report or be discharged.(1982-09-16)
Plain Language Summary
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Balanced Budget Enforcement Act of 1982 - Amends the Congressional Budget and Impoundment Control Act of 1974 to name title XI of such Act the Regulatory Budget Act of 1982. Includes the achievement of a balanced Federal budget under most economic circumstances and the control of Federal credit activities as purposes of such Act. Requires the Director of the Congressional Budget Office or the Committees on the Budget of the Senate and of the House, in determining current law budget authority, outlays, and spending authority for a fiscal year, to: (1) include adjustments for additional costs, workloads, or utilizations only if such adjustments, and the budget authority and spending authority for them, are provided by statute at the time such determinations are made; and (2) assume that new budget authority will be enacted for programs or activities for a fiscal year in an amount equal to that authorized for the prior fiscal year, when no such authority has yet been enacted. Amends the Congressional Budget Act of 1974 to change the annual reporting date for the Congressional Budget Office to March 1. Requires such report to include five-year estimates of credit activity and of the ra…
Summarized by Claude AI · Non-partisan · For informational purposes only