3.0.0 476 2022-03-03T21:31:57Z 2022-03-03T21:31:57Z House H HR 2013-02-04 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. GINGREY of Georgia:H.R. 476.Congress has the power to enact this legislation pursuantto the following:Article I, Section 9, Clause 7, that states ``. . . aregular Statement and Account of the Receipts andExpenditures of all public Money shall be published from timeto time.''[Page H343]]]> hsbu00 Budget Committee House Standing Referred to 2013-02-04T19:02:15Z 2013-02-04 Referred to the House Committee on the Budget. IntroReferral H11100 2 House floor actions hsbu00 Budget Committee 2013-02-04 Introduced in House IntroReferral Intro-H 9 Library of Congress 2013-02-04 Introduced in House IntroReferral 1000 9 Library of Congress G000550 Rep. Gingrey, Phil [R-GA-11] Phil Gingrey R GA 11 N C001062 Rep. Conaway, K. Michael [R-TX-11] K. Conaway R TX Michael 11 2013-02-04 True P000601 Rep. Palazzo, Steven M. [R-MS-4] Steven Palazzo R MS M. 4 2013-02-06 False Economics and Public Finance Accounting and auditing Budget deficits and national debt Budget process Congressional oversight Economics and Public Finance 00 2013-02-04 Introduced in House 2013-03-05T16:12:08Z Generally Accepted Accounting Principles Act or GAAP Act - Requires the President's budget submission to include an estimate of the deficit or surplus for the fiscal year concerned, prepared using generally accepted accounting principles.

Amends the Congressional Budget Act of 1974 to require the alternative levels of total revenues, total new budget authority, and total outlays (including related surpluses and deficits) covered by the annual Congressional Budget Office (CBO) fiscal policy report to the congressional budget committees on the upcoming fiscal year to be prepared using both cash basis accounting and generally accepted accounting principles.

]]> GAAP Act Short Titles as Introduced GAAP Act Short Titles as Introduced Generally Accepted Accounting Principles Act Display Title GAAP Act Official Title as Introduced To amend title 31, United States Code, to require the President to submit with the budget an estimate of the deficit using generally accepted accounting principles, and to amend the Congressional Budget Act of 1974 to require the Congressional Budget Office to submit the same with its report to the Committees on the Budget of the House of Representatives and the Senate. Introduced in House 2013-02-04T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr476ih/xml/BILLS-113hr476ih.xml 2013-02-04 Referred to the House 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.