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HR 4594 107th Congress House Economics and Public Finance Armed Forces and National Security Balanced budgets Budget deficits Budget reconciliation Budget resolutions Budget surpluses Congress Congressional budget Congressional budget process Congressional reporting requirements Crime and Law Enforcement Debt limit Economic forecasting Federal budget process Federal budgets Federal receipts and expenditures Government spending reductions Government trust funds House rules and procedure

Climbing Out of the Deficit Ditch Act of 2002

Introduced: April 25, 2002 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 25, 2002
Referred to the Committee on Ways and Means, and in addition to the Committees on the Budget, and Rules, 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.
Apr 25, 2002
Introduced in House
 Plain-English summary Congressional Research Service
Climbing Out of the Deficit Ditch Act of 2002 - Increases the public debt limit. Enforces such limit through a point of order. Provides for specified exceptions, including certification of a balanced budget by FY 2007 or a House-approved presidential plan.

Sets forth certification procedures if a balanced budget in FY 2007 is projected by the Budget and Economic Outlook Update (for fiscal years 2003 through 2012), as reported by the Congressional Budget Office (CB0).

Requires the President to submit a proposal to balance the budget by such year should the CBO report not project a balanced budget. Requires a separate annual report on a homeland security budget.

Requires the House Budget Committee to report a revised concurrent resolution on the budget for FY 2003 (after the President's plan is submitted) instructing committees to reduce outlays or increase revenues or both to balance the budget. Provides for automatic discharge of the legislation implementing the President's proposal should the Committee fail to report.

Makes this Act subject to the congressional budget process requirements of the Congressional Budget Act, except as specified.

What's happening now April 25, 2002

Referred to the Committee on Ways and Means, and in addition to the Committees on the Budget, and Rules, 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.

 Committees of jurisdiction 3
 Cosponsors 3
All 3 Democratic 3