[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2426 Introduced in House (IH)]







106th CONGRESS
  1st Session
                                H. R. 2426

   To require truth-in-budgeting with respect to the on-budget trust 
                                 funds.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              July 1, 1999

 Mr. Costello introduced the following bill; which was referred to the 
Committee on the Budget, and in addition to the Committee on Rules, 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 require truth-in-budgeting with respect to the on-budget trust 
                                 funds.

    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 
        fiscal years.
    (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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