HR 4408 111th Congress House Economics and Public Finance Appropriations Budget deficits and national debt Government employee pay, benefits, personnel management Housing and community development funding Inflation and prices

Within Our Means Budget (WOMB) Act of 2009

Introduced: December 19, 2009 See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Dec 19, 2009

Referred to the House Committee on the Budget.

Dec 19, 2009

Introduced in House

Plain-English summary Congressional Research Service

Within Our Means Budget (WOMB) Act of 2009 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to eliminate sequential and cumulative adjustments for inflation from Congressional Budget Office (CBO) baseline projections for discretionary appropriations with respect to: (1) expiring housing contracts and social insurance administrative expenses; (2) offset pay absorption and pay annualization; (3) inflation; and (4) any accounting for changes required by law in the level of agency payments for personnel benefits other than pay.

Exempts from the requirement that budgetary resources (other than unobligated balances) be at the level available in the current year any resources designated as an emergency requirement or provided in supplemental appropriations laws.

Prohibits adjustments for inflation or or any other factor.

Amends the Act to extend indefinitely the formula used to calculate the baseline.

What's happening now December 19, 2009

Referred to the House Committee on the Budget.

Committees of jurisdiction 1