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Bill104th CongressFiled Feb 7, 1995Transportation and Public Works
H.R. 842

Truth in Budgeting Act

Bill journey · stage 2 of 5

Under committee review

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Law

What it doesSummary passed house amended (Apr 17, 1996)

Truth in Budgeting Act - Prohibits (subject to the Line Item Veto Act of 1996) the receipts and disbursements of the Highway Trust Fund, the Airport and Airway Trust Fund, the Inland Waterways Trust Fund, and the Harbor Maintenance Trust Fund from being counted as new budget authority, outlays, receipts, or deficit or surplus for purposes of the Federal budget as submitted by the President, the congressional budget, or the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act). Exempts such trust funds from any general statutory budget outlays limitation.

Amends the Internal Revenue Code to limit the amount of interest that may be credited to such trust funds.

Amends Federal transportation law to require the Secretary of Transportation to estimate annually: (1) what, but for this Act, would be at the close of the next fiscal year the amount of unfunded aviation authorizations; and (2) the net aviation receipts at the close of such year. Requires the Secretary to: (1) determine the amount by which unfunded aviation authorizations do or do not exceed net aviation receipts; and (2) make appropriate adjustments to amounts authorized to be appropriated from the Airport and Airway Trust Fund based on the difference.

Sets forth similar provisions with respect to the Inland Waterways Trust Fund and the Harbor Maintenance Trust Fund.

What just happenedApr 18, 1996

Received in the Senate and read twice and referred jointly to the Committees on Budget; Governmental Affairs pursuant to the order of August 4, 1977, with instructions that if one Committee reports, the other Committee have thirty days to report or be discharged.

Who’s behind it

Rep. Shuster, Bud [R-PA-9](R-PA)Sponsor
225 cosponsors98 D126 R1 I
Read on Congress.gov
225cosponsors5committees38actions6amendments3related bills27subjects
  1. Apr 18, 1996IntroReferral

    Received in the Senate and read twice and referred jointly to the Committees on Budget; Governmental Affairs pursuant to the order of August 4, 1977, with instructions that if one Committee reports, the other Committee have thirty days to report or be discharged.

    Budget CommitteeHomeland Security and Governmental Affairs Committee
  2. Apr 17, 1996FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. Apr 17, 1996FloorH37100

    On passage Passed by recorded vote: 284 - 143 (Roll no. 122).

  4. Apr 17, 1996Floor8000

    Passed/agreed to in House: On passage Passed by recorded vote: 284 - 143 (Roll no. 122).

  5. Apr 17, 1996FloorH34400

    The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union.

  6. Apr 17, 1996FloorH35000

    The previous question was ordered pursuant to the rule.

  7. Apr 17, 1996FloorH32600

    The House rose from the Committee of the Whole House on the state of the Union to report H.R. 842.

  8. Apr 17, 1996FloorH8D000

    GENERAL DEBATE - The Committee of the Whole proceeded with two hours of general debate.

  9. Apr 17, 1996FloorH32400

    The Speaker designated the Honorable David Dreier to act as Chairman of the Committee.

  10. Apr 17, 1996FloorH32020

    House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 396 and Rule XXIII.

  11. Apr 17, 1996FloorH8D000

    Rule provides for consideration of H.R. 842 with 2 hours of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Providing for the consideration of the bill in the Committee of the Whole. Bill is open to amendments. It shall be in order to consider as an original bill for the purpose of amendment the amendment in the nature of a substitute recommended by the Committee on Transportation and Infrastructure now printed in the bill. Amendments printed in the Congressional Record may be given priority in recognition.

  12. Apr 17, 1996FloorH30000

    Considered under the provisions of rule H. Res. 396. (consideration: CR H3504-3547)

  13. Apr 17, 1996FloorH1L220

    Rule H. Res. 396 passed House.

  14. Mar 29, 1996CalendarsH12410

    Placed on the Union Calendar, Calendar No. 250.

  15. Mar 29, 1996CommitteeH12200

    Reported adversely by the Committee on The Budget. H. Rept. 104-499, Part II. Filed late, pursuant to previous special order.

    Budget Committee
  16. Mar 29, 1996Committee5000

    Reported adversely by the Committee on The Budget. H. Rept. 104-499, Part II. Filed late, pursuant to previous special order.

    Budget Committee
  17. Mar 29, 1996CommitteeH19000

    Ordered to be Reported Adversely by Voice Vote.

    Budget Committee
  18. Mar 29, 1996FloorH1L210

    Rules Committee Resolution H. Res. 396 Reported to House. Rule provides for consideration of H.R. 842 with 2 hours of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Providing for the consideration of the bill in the Committee of the Whole. Bill is open to amendments. It shall be in order to consider as an original bill for the purpose of amendment the amendment in the nature of a substitute recommended by the Committee on Transportation and Infrastructure now printed in the bill. Amendments printed in the Congressional Record may be given priority in recognition.

  19. Mar 27, 1996IntroReferralH11210

    House Committee on The Budget Granted an extension for further consideration ending not later than March 29, 1996.

    Budget Committee
  20. Mar 27, 1996CommitteeH12200

    Reported (Amended) by the Committee on Transportation. H. Rept. 104-499, Part I.

    Transportation and Infrastructure Committee
  21. Mar 27, 1996Committee5000

    Reported (Amended) by the Committee on Transportation. H. Rept. 104-499, Part I.

    Transportation and Infrastructure Committee
  22. Dec 6, 1995IntroReferralH11100

    Rereferred to the Committee on Transportation and Infrastructure, and in addition to the Committee on the Budget, 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
  23. Dec 6, 1995IntroReferralH11100-A

    Rereferred to the Committee on Transportation and Infrastructure, and in addition to the Committee on the Budget, 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.

  24. Dec 6, 1995IntroReferralH11100

    Rereferred to the Committee on Transportation and Infrastructure, and in addition to the Committee on the Budget, 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.

    Transportation and Infrastructure Committee
  25. Dec 6, 1995FloorH8D000

    Mr. Clinger asked unanimous consent that the Committee on Government Reform and Oversight be discharged from consideration of the bill, and that the bill be re-referred to the Committee on Transportation and Infrastructure as the primary committee of jurisdiction and in addition to the Committee on the Budget. Agreed to without objection.

  26. Dec 6, 1995DischargeH12300

    Committee on Government Reform discharged.

    Oversight and Government Reform Committee
  27. Dec 6, 1995Committee5500

    Committee on Government Reform discharged.

    Oversight and Government Reform Committee
  28. May 3, 1995CommitteeH19000

    Ordered to be Reported (Amended) by Voice Vote.

    Transportation and Infrastructure Committee
  29. May 3, 1995CommitteeH15000-B

    Committee Consideration and Mark-up Session Held.

    Transportation and Infrastructure Committee
  30. Mar 27, 1995CommitteeH13000

    Unfavorable Executive Comment Received from OMB.

    Transportation and Infrastructure Committee
  31. Mar 10, 1995CommitteeH31000

    Hearings Held by the Subcommittee on Surface Transportation Prior to Referral.

    Surface Transportation Subcommittee
  32. Feb 13, 1995CommitteeH11000

    Referred to the Subcommittee on Government Management, Information and Technology.

    Cybersecurity, Information Technology, and Government Innovation Subcommittee
  33. Feb 7, 1995IntroReferralH11100

    Referred to the Committee on Transportation and Infrastructure, and in addition to the Committees on Government Reform and Oversight, and the Budget, 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
  34. Feb 7, 1995IntroReferralH11100

    Referred to the Committee on Transportation and Infrastructure, and in addition to the Committees on Government Reform and Oversight, and the Budget, 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
  35. Feb 7, 1995IntroReferralH11100-A

    Referred to the Committee on Transportation and Infrastructure, and in addition to the Committees on Government Reform and Oversight, and the Budget, 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.

  36. Feb 7, 1995IntroReferralH11100

    Referred to the Committee on Transportation and Infrastructure, and in addition to the Committees on Government Reform and Oversight, and the Budget, 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.

    Transportation and Infrastructure Committee
  37. Feb 7, 1995IntroReferralIntro-H

    Introduced in House

  38. Feb 7, 1995IntroReferral1000

    Introduced in House

Passed House amendedApr 17, 199636

Truth in Budgeting Act - Prohibits (subject to the Line Item Veto Act of 1996) the receipts and disbursements of the Highway Trust Fund, the Airport and Airway Trust Fund, the Inland Waterways Trust Fund, and the Harbor Maintenance Trust Fund from being counted as new budget authority, outlays, receipts, or deficit or surplus for purposes of the Federal budget as submitted by the President, the congressional budget, or the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act). Exempts such trust funds from any general statutory budget outlays limitation.

Amends the Internal Revenue Code to limit the amount of interest that may be credited to such trust funds.

Amends Federal transportation law to require the Secretary of Transportation to estimate annually: (1) what, but for this Act, would be at the close of the next fiscal year the amount of unfunded aviation authorizations; and (2) the net aviation receipts at the close of such year. Requires the Secretary to: (1) determine the amount by which unfunded aviation authorizations do or do not exceed net aviation receipts; and (2) make appropriate adjustments to amounts authorized to be appropriated from the Airport and Airway Trust Fund based on the difference.

Sets forth similar provisions with respect to the Inland Waterways Trust Fund and the Harbor Maintenance Trust Fund.

Reported to House amended, Part IMar 27, 199618

Truth in Budgeting Act - Prohibits the receipts and disbursements of the Highway Trust Fund, the Airport and Airway Trust Fund, the Inland Waterways Trust Fund, and the Harbor Maintenance Trust Fund from being counted as new budget authority, outlays, receipts, or deficit or surplus for purposes of the Federal budget as submitted by the President, the congressional budget, or the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act). Exempts such trust funds from any general statutory budget outlays limitation.

(Sec. 3) Amends Federal transportation law to require the Secretary of Transportation to estimate annually: (1) what, but for this Act, would be at the close of the next fiscal year the amount of unfunded aviation authorizations; and (2) the net aviation receipts at the close of such year. Requires the Secretary to: (1) determine the amount by which unfunded aviation authorizations do or do not exceed net aviation receipts; and (2) make appropriate adjustments to amounts authorized to be appropriated from the Airport and Airway Trust Fund based on the difference.

(Sec. 4) Sets forth similar provisions with respect to the Inland Waterways Trust Fund and the Harbor Maintenance Trust Fund.

Introduced in HouseFeb 7, 199500

Truth in Budgeting Act - Prohibits the receipts and disbursements of the Highway Trust Fund, the Airport and Airway Trust Fund, the Inland Waterways Trust Fund, and the Harbor Maintenance Trust Fund from being included in either the Federal budget as submitted by the President or in the congressional budget. Exempts such trust funds from any general statutory budget limitation.

(Sec. 3) Amends Federal transportation law to require the Secretary of Transportation to estimate annually what, but for this Act, would be at the close of the next fiscal year: (1) the amount of unfunded aviation authorizations; and (2) the net aviation receipts. Requires the Secretary to: (1) determine the amount by which unfunded aviation authorizations does or does not exceed net aviation receipts; and (2) make appropriate adjustments to amounts authorized to be appropriated and the amounts available for obligation from the Airport and Airway Trust Fund based on the difference.

(Sec. 4) Sets forth similar provisions with respect to the Inland Waterways and the Harbor Maintenance Trust Funds.

Truth in Budgeting Act — Informed