H.R. 3578 (112th): Baseline Reform Act of 2012

Introduced:
Dec 07, 2011 (112th Congress, 2011–2013)
Status:
Died (Passed House)
Sponsor
Rob Woodall
Representative for Georgia's 7th congressional district
Party
Republican
Text
Read Text »
Last Updated
Feb 06, 2012
Length
8 pages
Related Bills
H.R. 1871 (113th) was a re-introduction of this bill in a later Congress.

Passed House
Last Action: Apr 08, 2014

H.Res. 534 (rule)

Agreed To (Simple Resolution)
Feb 02, 2012

 
Status

This bill was introduced in a previous session of Congress and was passed by the House on February 3, 2012 but was never passed by the Senate.

Progress
Introduced Dec 07, 2011
Referred to Committee Dec 07, 2011
Reported by Committee Jan 30, 2012
Passed House Feb 03, 2012
 
Full Title

To amend the Balanced Budget and Emergency Deficit Control Act of 1985 to reform the budget baseline.

Summary

No summaries available.

Votes
Feb 03, 2012 11:35 a.m.
Passed 235/177

Cosponsors
22 cosponsors (22R) (show)
Committees

House Budget

Senate Budget

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.

Widget

Get a bill status widget for your website »

Citation

Click a format for a citation suggestion:

Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


2/3/2012--Passed House amended.
Baseline Reform Act of 2012 -
Section 2 -
Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to revise the formula for establishing the budget baseline.
Revises the annual baseline, for any fiscal year, to mean a projection of current-year levels of new budget authority (as under current law), outlays (as under current law), or receipts (instead of revenues) and the surplus or deficit (as under current law) for the current year, the budget year, and the ensuing nine outyears based on laws enacted through the applicable date.
Includes estimates for direct spending in the baseline calculation formula for the budget year and each outyear.
Revises the formula for calculating the baseline for discretionary spending for the budget year and each outyear to eliminate adjustments for:
(1) expiring multiyear subsidized housing contracts;
(2) administrative expenses of the Federal Hospital Insurance Trust Fund, the Supplementary Medical Insurance Trust Fund, the Unemployment Trust Fund, and the Railroad Retirement account;
(3) offsets to federal employees' annual pay; and
(4) certain inflators used to adjust budgetary resources in the Act.
Section 3 -
Amends the Congressional Budget Act of 1974 to require the Director of the Congressional Budget Office (CBO), after the President's budget submission and in addition to the baseline projections, to report a supplemental projection to the congressional budget committees, assuming extension of current tax policy for the fiscal year commencing on October 1 of that year, with a supplemental projection for the 10-fiscal year period beginning with that fiscal year, again assuming the extension of current tax policy.
Defines "current tax policy" as the tax policy in statute as of December 31 of the current year, assuming:
(1) the budgetary effects of measures extending the Economic Growth and Tax Relief Reconciliation Act of 2001 and the Jobs and Growth Tax Relief Reconciliation Act of 2003;
(2) the continued application of the alternative minimum tax (AMT) as in effect for taxable years beginning in 2011, with a specified assumption for taxable years beginning after 2011; and
(3) the budgetary effects of extending the estate, gift, and generation-skipping transfer tax provisions of title III of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.
Requires CBO to report to such committees, on or before July 1 of each year, the Long-Term Budget Outlook for: (1) the fiscal year commencing on October 1 of that year, and (2) at least the ensuing 40 fiscal years.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

Use the comment space below for discussion of the merits of H.R. 3578 (112th) with other GovTrack users.
Your comments are not read by Congressional staff.

comments powered by Disqus