Federal Credit Control Act of 1983

[AI summary unavailable — showing source text] Federal Credit Control Act of 1983 - Amends the Congressional Budget Act of 1974 to require the Director of the Congressional Budget Office to submit to the Committees on the Budget of both Houses a fiscal policy report which includes alternative levels of new direct loan authority and new loan guarantee authority. Requires the first concurrent resolution on the budget for each fiscal year to: (1) establish the appropriate level of total new direct loan authority and total new loan guarantee authority; and (2) estimate new direct loan authority and new loan guarantee authority for each major functional category. Directs congressional committees to which allocation of new direct loan authority or new loan guarantee authority were made to subdivide such allocations among their subcommittees. Prohibits either House of Congress from considering any bill or resolution specifying fiscal year levels of new direct loan authority or new loan guarantee authority until the first concurrent resolution on the budget for such fiscal year has been agreed upon. Exempts from such proscription bills or resolutions specifying levels of new direct loan authority or levels of new loan guarantee authori…