Includes tribal governments and the private sector within the purview of mandate analysis by CBO and congressional committees. Requires authorization committees to provide the CBO Director with the text of any legislation ordered to be reported, identifying any Federal mandate in it. Requires the report accompanying any reported legislation with a Federal mandate to contain certain information, including statements on whether the legislation is intended to preempt any State, local, or tribal law (and the reasons for such intention), as well as individual mandate descriptions, cost-benefit analyses, and statements regarding Federal financial assistance to State, local, and tribal governments for meeting mandate costs. Requires the CBO Director, for each piece of reported legislation, to prepare and submit to the authorizing committee certain statements estimating the direct costs of mandate compliance and the amount of authorization or budget or entitlement authority for new or increased Federal financial assistance provided to State, local, or tribal governments to meet such costs, if the estimates indicate at least a $50 million per fiscal year direct cost of all intergovernmental mandates in the legislation , or a $50 million per fiscal year direct cost of private sector mandates. Requires the CBO Director to inform the committee of any Federal intergovernmental estimate of which it is not feasible to make a reasonable estimate. Subjects any legislation without estimates to a point of order. Requires supplemental statements to be prepared by the CBO Director for legislation reported or passed in an amended form. Provides that, at the request of any congressional committee, the CBO Director shall: (1) consult with and assist it in analyzing any proposed legislation that may have a significant budgetary impact on State, local, or tribal governments or significant financial or employment impact on the private sector; and (2) study any legislative proposal containing a Federal mandate. Requires the CBO Director to conduct continuing studies to enhance comparisons of budget outlays, credit authority, and tax expenditures. Requires any congressional committee that anticipates considering any legislative proposal establishing, amending, or reauthorizing any Federal program likely to have a significant budgetary impact on any State, local, or tribal government or financial impact on the private sector to provide its views and estimates on that proposal to the applicable budget committee. Authorizes appropriations for FY 1996 through 2002 to CBO to carry out this title. Makes it out of order for the House or Senate to consider: (1) any reported nonappropriations legislation unless it has a CBO Director report (not including supplemental statements); or (2) any reported nonappropriations legislation containing a Federal intergovernmental mandate with direct costs exceeding the thresholds specified by this Act, unless it provides for new or increased budget, entitlement, or direct spending authority or makes other specified arrangements for each fiscal year to ensure that all direct costs of such mandates are provided for in order for them to be effective, or that State, local, and tribal programmatic and financial responsibilities are reduced so they do not exceed the amount of Federal funding. Makes it out of order in the House to consider a rule or order that waives the application of such provisions. Declares that any bill, joint resolution, amendment, or conference report reauthorizing appropriations shall not be out of order if its enactment: (1) would not result in a net increase in the aggregate amount of direct costs of Federal intergovernmental mandates; and (2) would not result in a net reduction or elimination of authorizations of appropriations for Federal financial assistance to State, local, or tribal governments for use in complying with any Federal intergovernmental mandate (or, in the case of any such net reduction or elimination, would reduce the duties imposed by the Federal intergovernmental mandate by a corresponding amount). Requires the direct costs of a Federal mandate for a fiscal year to be determined based on estimates by the appropriate congressional budget committee. Provides for the disposition of points of order.