[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3076 Introduced in House (IH)]







104th CONGRESS
  2d Session
                                H. R. 3076

 To amend the Congressional Budget Act of 1974 and chapter 11 of title 
31, United States Code, to require that reports accompanying concurrent 
resolutions on the budget include analyses, prepared after consultation 
   with the Congressional Budget Office, of generational accounting 
  information and that Presidents' annual budget submissions include 
                  generational accounting information.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 13, 1996

Mr. Smith of Texas (for himself, Mr. Kasich, Mr. Miller of Florida, Mr. 
Largent, Mr. Bass, Mrs. Myrick, Ms. Molinari, Mr. Hoke, Mr. Herger, Mr. 
 Radanovich, Mr. Kolbe, Mr. Brownback, Mr. Shays, Mr. Inglis of South 
Carolina, Mr. Allard, Mr. Lazio of New York, Mr. Smith of Michigan, and 
 Mr. Condit) introduced the following bill; which was referred to the 
Committee on the Budget, and in addition to the Committee on Government 
Reform and Oversight, for a period to be subsequently determined by the 
  Speaker, in each case for consideration of such provisions as fall 
           within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
 To amend the Congressional Budget Act of 1974 and chapter 11 of title 
31, United States Code, to require that reports accompanying concurrent 
resolutions on the budget include analyses, prepared after consultation 
   with the Congressional Budget Office, of generational accounting 
  information and that Presidents' annual budget submissions include 
                  generational accounting information.

    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 ``Children's Right to Know Act of 
1996''.

SEC. 2. CONGRESSIONAL BUDGET.

    Section 301(e) of the Congressional Budget Act of 1974 is amended 
by striking paragraph (10) and inserting the following:
            ``(10) an analysis, prepared after consultation with the 
        Director of the Congressional Budget Office, of the 
        generational accounting consequences of the concurrent 
        resolution, including the projected Federal deficit, at current 
        spending levels, in the fiscal year that is 20 years after the 
        first fiscal year covered by the concurrent resolution and the 
        revenue levels (including the increase required in current 
        levels) required to eliminate the projected Federal deficit.''.

SEC. 3. PRESIDENT'S BUDGET.

    Section 1105(a) of title 31, United States Code, is amended by 
adding at the end the following new paragraph:
            ``(32) an analysis of the generational accounting 
        consequences of the budget including the projected Federal 
        deficit, at current spending levels, in the fiscal year that is 
        20 years after the fiscal year for which the budget is 
        submitted and the revenue levels (including the increase 
        required in current levels) required to eliminate the projected 
        Federal deficit.''.
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