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HR 5954 111th Congress House Economics and Public Finance Accounting and auditing Budget deficits and national debt Budget process Legislative rules and procedure

Truth in Spending Act of 2010

Introduced: July 29, 2010 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
Jul 29, 2010
Referred to House Rules
Jul 29, 2010
Referred to the Committee on the Budget, and in addition to the Committee on 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.
Jul 29, 2010
Referred to House Budget
Jul 29, 2010
Introduced in House
 Plain-English summary Congressional Research Service

Truth in Spending Act of 2010 - Requires the President's annual budget request to Congress to include the most recent reports of the Director of the Office of Management and Budget (OMB) regarding the difference between the actual costs and the estimated costs of direct spending legislation, including proposed legislative language, if any, in such reports.

Requires OMB to submit annually for inclusion in the President's budget request reports (with follow-up reports every five fiscal years) on the total estimated cost and total actual cost of direct spending legislation for the then budget year and four outyears.

Requires the President, within seven days after receiving an OMB report, to submit proposed legislative language, if any, set forth in the report to both chambers.

Prescribes the procedure for fast track consideration of the legislation in both chambers.

What's happening now July 29, 2010

Referred to House Rules

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 3