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HR 4 105th Congress House Transportation and Public Works Airports Authorization Budget deficits Congress Congressional budget Congressional reporting requirements Deficit financing Deficit reduction Economics and Public Finance Federal aid highway program Federal aid to transportation Federal budgets Federal receipts and expenditures Finance and Financial Sector Government spending reductions Government trust funds Harbors Highway finance Infrastructure

Truth in Budgeting Act

Introduced: January 7, 1997 See on congress.gov
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This bill died when the 105th Congress ended
It never became law before the 105th Congress (1997–1998) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 7 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 5, 1997
Ordered to be Reported by Voice Vote.
Feb 5, 1997
Committee Consideration and Mark-up Session Held.
Jan 7, 1997
Referred to House Budget
Jan 7, 1997
Referred to House Transportation and Infrastructure
Jan 7, 1997
Referred 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.
Jan 7, 1997
Sponsor introductory remarks on measure. (CR E35-36)
Jan 7, 1997
Introduced in House
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 Plain-English summary Congressional Research Service

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.

What's happening now February 5, 1997

Ordered to be Reported by Voice Vote.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 19
All 19 Democratic 10 Republican 8 Independent 1
D
DeGette, Diana
Colorado · Sep 4, 1997
 D
Davis, Danny K.
Illinois · May 7, 1997
 D
Lofgren, Zoe
California · May 7, 1997
 D
Smith, Adam
Washington · May 7, 1997
 R
Lucas, Frank D.
Oklahoma · Apr 17, 1997
 R
Moran, Jerry
Kansas · Apr 17, 1997
 D
Schumer, Charles E.
New York · Apr 17, 1997
 R
Smith, Christopher H.
New Jersey · Apr 17, 1997
 R
Crapo, Mike
Idaho · Apr 10, 1997
 I
Sanders, Bernard
Vermont · Apr 10, 1997
 R
Wicker, Roger F.
Mississippi · Apr 10, 1997
 D
Bishop, Sanford D.
Georgia · Feb 26, 1997
 R
Calvert, Ken
California · Jan 9, 1997
 D
Clyburn, James E.
South Carolina · Jan 9, 1997
 R
Graham, Lindsey
South Carolina · Jan 9, 1997
 D
McGovern, James P.
Massachusetts · Jan 9, 1997
 D
Nadler, Jerrold
New York · Jan 9, 1997
 D
Norton, Eleanor Holmes
District of Columbia · Jan 9, 1997
 R
Thune, John
South Dakota · Jan 9, 1997
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4: Truth in Budgeting Act. 105th Congress. Open America. https://openamerica.io/bill/105-HR-4/
MLA
"H.R. 4: Truth in Budgeting Act." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-4/.
Bluebook (legal)
H.R. 4, 105th Cong. (2026), https://openamerica.io/bill/105-HR-4/.
Markdown link
[H.R. 4: Truth in Budgeting Act](https://openamerica.io/bill/105-HR-4/)
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