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S 2381 109th Congress Senate Economics and Public Finance Appropriations Authorization Budget deficits Congress Congressional reporting requirements Economic impact statements Expedited congressional procedure Government Operations and Politics Government spending reductions House rules and procedure Income tax Item veto Legislation Presidential messages Rescission of appropriated funds Senate rules and procedure Tax credits Tax deductions Tax exclusion

Legislative Line Item Veto Act of 2006

Introduced: March 7, 2006 See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 2, 2006
Committee on the Budget. Hearings held. Hearings printed: S.Hrg. 109-650.
Mar 7, 2006
Read twice and referred to the Committee on the Budget. (text of measure as introduced: CR S1838-1840)
Mar 7, 2006
Sponsor introductory remarks on measure. (CR S1838)
Mar 7, 2006
Introduced in Senate
 Plain-English summary Congressional Research Service

Legislative Line Item Veto Act of 2006 - Amends the Congressional Budget and Impoundment Control Act of 1974 to authorize the President to propose the rescission of any dollar amount of discretionary budget authority or the rescission, in whole or in part, of any item of direct spending.

Sets forth requirements for the President's transmittal to Congress of a special message regarding a proposed rescission.

Requires any rescinded budget authority or items of direct spending to be dedicated only to deficit reduction, and not to be used as an offset for other spending increases.

Provides for adjustment of: (1) committee allocations resulting from such rescission; and (3) applicable limits, as appropriate, under the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act).

Sets forth procedures for expedited congressional consideration of a proposed rescission.

What's happening now May 2, 2006

Committee on the Budget. Hearings held. Hearings printed: S.Hrg. 109-650.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Republican 4