3.0.0 2086 2019-02-20T23:25:29Z 2019-02-24T04:50:47Z Senate S S 2012-02-09 112 ssbu00 Budget Committee Senate Standing Referred to 2012-02-09T19:34:33Z Expedited Legislative Line-Item Veto and Rescissions Act of 2012 112 3521 HR 2012-02-09 Received in the Senate and Read twice and referred to the Committee on the Budget. Related bill CRS 2012-02-09 ssbu00 Budget Committee Senate Read twice and referred to the Committee on the Budget. IntroReferral 2012-02-09 Introduced in Senate IntroReferral 10000 9 Library of Congress M001170 Sen. McCaskill, Claire [D-MO] Claire McCaskill D MO N Economics and Public Finance Appropriations Budget deficits and national debt Budget process Executive agency funding and structure Legislative rules and procedure Presidents and presidential powers, Vice Presidents Economics and Public Finance 00 2012-02-09 Introduced in Senate 2012-05-01T15:18:43Z Expedited Legislative Line-Item Veto and Rescissions Act of 2012 - Amends the Congressional Budget and Impoundment Control Act of 1974 (CBICA) to authorize the President to propose the rescission (line item veto) of all or any dollar amount of funding provided by any enacted bill or joint resolution.

Sets forth requirements for the President's transmittal to Congress of a special message regarding the proposed rescission.

Authorizes the President, except for his deferral of budget authority provided in CBICA, to withhold such rescinded funding temporarily from obligation, but only once per proposed rescission.

Dedicates the rescinded funds solely to deficit reduction or increase of a surplus.

Provides for adjustment of: (1) committee allocations resulting from such rescission, and (2) applicable limits under the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) revised downward by the amount of such rescissions.

Sets forth procedures for expedited congressional consideration of a proposed rescission.

Amends the Congressional Budget Act of 1974 to require the House Committee on the Budget, whenever an approval bill passes the House of Representatives, to reduce the applicable committee allocations immediately by the total amount of reductions in budget authority and in outlays resulting from such approval.


]]> Expedited Legislative Line-Item Veto and Rescissions Act of 2012 Short Titles as Introduced Expedited Legislative Line-Item Veto and Rescissions Act of 2012 Official Title as Introduced A bill to amend the Congressional Budget and Impoundment Control Act of 1974 to provide for a legislative line-item veto to expedite consideration of rescissions, and for other purposes. Display Title Expedited Legislative Line-Item Veto and Rescissions Act of 2012 Introduced in Senate 2012-02-09T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s2086is/xml/BILLS-112s2086is.xml 2012-02-09 Read twice and referred to the Committee on the Budget. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.