| Home > 106th Congressional Bills > S. 675 (is) To increase market transparency in agricultural markets domestically and abroad. [Introduced in Senate] ...
S. 675 (is) To increase market transparency in agricultural markets domestically and abroad. [Introduced in Senate] ...
To require truth-in-budgeting with respect to the on-budget trust
IN THE SENATE OF THE UNITED STATES
March 19, 1999
Mr. Fitzgerald introduced the following bill; which was read twice and
referred jointly pursuant to the order of August 4, 1977, to the
Committees on the Budget and Governmental Affairs, with instructions
that if one Committee reports, the other Committee have thirty days to
report or be discharged
To require truth-in-budgeting with respect to the on-budget trust
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Truth-in-Budgeting Act of 1999''.
SEC. 2. HONEST REPORTING OF THE DEFICIT.
(a) In General.--Effective for fiscal year 2001, the President's
budget, the budget report of CBO required under section 202(e) of the
Congressional Budget Act of 1974, and the concurrent resolution on the
budget shall include--
(1) the receipts and disbursements totals of the on-budget
trust funds, including the projected levels for at least the
next 5 fiscal years; and
(2) the deficit or surplus excluding the on-budget trust
funds, including the projected levels for at least the next 5
(b) Itemization.--Effective for fiscal year 2001, the President's
budget and the budget report of the CBO required under section 202(e)
of the Congressional Budget Act of 1974 shall include an itemization of
the on-budget trust funds for the budget year, including receipts,
outlays, and balances.
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