House Bill 1999
115th Congress(2017-2018)
Federal Budget Accountability Act
Introduced
Introduced in House on Apr 6, 2017
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1999
Congress
115
Policy Area
Economics and Public Finance
Economics and Public Finance
Primary focus of measure is budgetary matters such as appropriations, public debt, the budget process, government lending, government accounts and trust funds; monetary policy and inflation; economic development, performance, and economic theory.
Ken Buck
grade
Colorado
Alabama
Arizona
Arizona
Colorado
Georgia
Georgia
Georgia
Georgia
Indiana
New York
North Carolina
Ohio
Oklahoma
Pennsylvania
South Carolina
Tennessee
Texas
Virginia
Virginia
Wisconsin
No House votes have been held for this bill.
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.)
April 6, 2017
04/06/2017
Referred to the House Committee on the Budget.
04/06/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:36:02 PM