HR 1999
115th Congress
House
Economics and Public Finance
Budget deficits and national debt
Budget process
Congressional oversight
Government information and archives
Federal Budget Accountability Act
Introduced: April 6, 2017
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 6, 2017
Referred to the House Committee on the Budget.
Apr 6, 2017
Introduced in House
Plain-English summary
Federal Budget Accountability Act
This bill requires the Office of Management and Budget (OMB) to report annually to Congress on the effect of provisions of legislation for the previous congressional session that were enacted to offset or pay for the costs of carrying out the legislation, including provisions that increase revenue, rescind budget authority, or reduce direct spending.
The OMB must also establish and report to Congress on a system to track the accuracy of the offsets and pay-fors. (Under the bill, an "offset and pay-for" is an estimate by the Congressional Budget Office for a provision of legislation that reduces spending, increases revenue, or reduces the deficit.)
What's happening now
Referred to the House Committee on the Budget.
Committees of jurisdiction
1