Family Budget Protection Act of 2003
Bill journey · stage 1 of 5
Just introduced
What it doesSummary introduced in house (Oct 21, 2003)
Family Budget Protection Act of 2003 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to require, within 15 days after the end of each congressional session, a sequestration to eliminate any deficit that exceeds the excess margin (maximum permissible deficit). Requires half of the required outlay reductions to come from non-exempt defense accounts and half to come from non-exempt non-defense accounts. Provides decreasing maximum deficit amounts for FY 2005 and thereafter, with a zero balance for FY 2012 and beyond. Requires adjustment of the maximum deficit in the event of negative Federal revenue growth.
Provides discretionary spending limits for FY 2005 through 2013. Repeals the Gramm-Rudman-Hollings Act expiration date.
Directs the Chairman of the House Budget Committee to maintain the Family Budget Protection Discretionary Account, to be debited and credited by new budget increases and reductions.
Provides spending caps on the growth of entitlements and mandatory budget outlays. Excludes benefits payable under title II (Old Age, Survivors and Disability Insurance) of the Social Security Act and Tier 1 railroad retirement benefits from required reductions under the Gramm-Rudman-Hollings Act, along with specified Government accounts and activities. Provides other exceptions, limitations, and special rules with respect to sequestration exemptions.
Directs the Chairman to maintain the Family Budget Protection Mandatory Account, to be debited and credited by increases or decreases in mandatory budget authority.
Freezes at current levels spending authority for each unearned entitlement, high-cost discretionary spending program and authorized and unauthorized discretionary spending programs.
Requires: (1) joint (currently, concurrent) and biennial (currently, annual) budget resolutions; (2) biennial appropriations Acts; and (3) biennial Government strategic and performance plans.
Requires the appropriation of funds out of any available Treasury amounts to continue in a new fiscal year any previously-authorized Government project or activity in the event that a regular appropriations bill does not become law by the beginning of that fiscal year.
What just happenedNov 22, 2004
House Committee on The Budget Granted an extension for further consideration ending not later than Dec. 10, 2004.
Who’s behind it
- Referral Instructions HouseOct 21, 2003
- Nov 22, 2004IntroReferralH11210
House Committee on The Budget Granted an extension for further consideration ending not later than Dec. 10, 2004.
Budget Committee - Nov 19, 2004IntroReferralH11210
House Committee on The Budget Granted an extension for further consideration ending not later than Nov. 22, 2004.
Budget Committee - Oct 1, 2004IntroReferralH11210
House Committee on The Budget Granted an extension for further consideration ending not later than Nov. 19, 2004.
Budget Committee - Jul 22, 2004IntroReferralH11210
House Committee on The Budget Granted an extension for further consideration ending not later than Oct. 1, 2004.
Budget Committee - Jun 1, 2004IntroReferralH11210
House Committee on The Budget Granted an extension for further consideration ending not later than July 23, 2004.
Budget Committee - Jan 31, 2004IntroReferralH11210
House Committee on The Budget Granted an extension for further consideration ending not later than June 1, 2004.
Budget Committee - Nov 21, 2003IntroReferralH11210
House Committee on The Budget Granted an extension for further consideration ending not later than Jan. 31, 2004.
Budget Committee - Nov 12, 2003CommitteeH11000
Referred to the Subcommittee on Government Efficiency and Financial Management.
Government Efficiency and Financial Management Subcommittee - Nov 7, 2003IntroReferralH11210
House Committee on The Budget Granted an extension for further consideration ending not later than Nov. 21, 2003.
Budget Committee - Oct 31, 2003IntroReferralH11210
House Committee on The Budget Granted an extension for further consideration ending not later than Nov. 7, 2003.
Budget Committee - Oct 21, 2003IntroReferralH11100
Referred to the Committee on the Budget, and in addition to the Committees on Rules, and Government Reform, 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.
Oversight and Government Reform Committee - Oct 21, 2003IntroReferralH11100
Referred to the Committee on the Budget, and in addition to the Committees on Rules, and Government Reform, 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.
Rules Committee - Oct 21, 2003IntroReferralH11100-A
Referred to the Committee on the Budget, and in addition to the Committees on Rules, and Government Reform, 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.
- Oct 21, 2003IntroReferralH11100
Referred to the Committee on the Budget, and in addition to the Committees on Rules, and Government Reform, 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.
Budget Committee - Oct 21, 2003IntroReferralIntro-H
Introduced in House
- Oct 21, 2003IntroReferral1000
Introduced in House