HR 3358 108th Congress House Economics and Public Finance Appropriations Authorization Balanced budgets Biennial budgets Budget deficits Budget reconciliation Budget resolutions Congress Congressional budget Congressional reporting requirements Congressional voting Continuing resolutions Entitlements Executive impoundment of appropriated funds Federal budget process Federal budgets Fiscal year Government Operations and Politics Government spending reductions

Family Budget Protection Act of 2003

Introduced: October 21, 2003 See on congress.gov

Everywhere this bill has been 12 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Nov 22, 2004

House Committee on The Budget Granted an extension for further consideration ending not later than Dec. 10, 2004.

Nov 19, 2004

House Committee on The Budget Granted an extension for further consideration ending not later than Nov. 22, 2004.

Oct 1, 2004

House Committee on The Budget Granted an extension for further consideration ending not later than Nov. 19, 2004.

Jul 22, 2004

House Committee on The Budget Granted an extension for further consideration ending not later than Oct. 1, 2004.

Jun 1, 2004

House Committee on The Budget Granted an extension for further consideration ending not later than July 23, 2004.

Jan 31, 2004

House Committee on The Budget Granted an extension for further consideration ending not later than June 1, 2004.

Nov 21, 2003

House Committee on The Budget Granted an extension for further consideration ending not later than Jan. 31, 2004.

Nov 12, 2003

Referred to the Subcommittee on Government Efficiency and Financial Management.

Nov 7, 2003

House Committee on The Budget Granted an extension for further consideration ending not later than Nov. 21, 2003.

Oct 31, 2003

House Committee on The Budget Granted an extension for further consideration ending not later than Nov. 7, 2003.

Oct 21, 2003

Introduced in House

Oct 21, 2003

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.

Plain-English summary Congressional Research Service

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's happening now November 22, 2004

House Committee on The Budget Granted an extension for further consideration ending not later than Dec. 10, 2004.

Committees of jurisdiction 4