[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[S. 674 Referral Instructions Senate (RIS)]







106th CONGRESS
  1st Session
                                 S. 674

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


_______________________________________________________________________


                   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

_______________________________________________________________________

                                 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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