[Congressional Record Volume 145, Number 44 (Friday, March 19, 1999)]
[Senate]
[Page S3015]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

      By Mr. FITZGERALD:
  S. 674. A bill to require truth-in-budgeting with respect to the on-
budget trust funds; to the Committee on the Budget and the Committee on 
Governmental Affairs, jointly, pursuant to the order of August 4, 1977, 
that if one committee report, the other committee have 30 days to 
report or be discharged.


                     TRUTH-IN-BUDGETING ACT OF 1999

 Mr. FITZGERALD. Mr. President, I ask unanimous consent that 
the text of the bill be printed in the Record.
  There being no objection, the bill was ordered to be printed in the 
Record, as follows:

                                 S. 674

       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''.

     SECTION 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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