US HB1999 | 2017-2018 | 115th Congress

Status

Spectrum: Partisan Bill (Republican 20-1)
Status: Introduced on April 6 2017 - 25% progression, died in committee
Action: 2017-04-06 - Referred to the House Committee on the Budget.
Pending: House Budget Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Federal Budget Accountability Act This bill requires the Office of Management and Budget (OMB) to report annually to Congress on the effect of provisions of legislation for the previous congressional session that were enacted to offset or pay for the costs of carrying out the legislation, including provisions that increase revenue, rescind budget authority, or reduce direct spending. The OMB must also establish and report to Congress on a system to track the accuracy of the offsets and pay-fors. (Under the bill, an "offset and pay-for" is an estimate by the Congressional Budget Office for a provision of legislation that reduces spending, increases revenue, or reduces the deficit.)

Tracking Information

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Title

Federal Budget Accountability Act

Sponsors


History

DateChamberAction
2017-04-06HouseReferred to the House Committee on the Budget.
2017-04-06HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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