H.R. 3669 (112th): Budget Process Improvement Act of 2011

Introduced:
Dec 14, 2011 (112th Congress, 2011–2013)
Status:
Died (Referred to Committee)
Sponsor
James Renacci
Representative for Ohio's 16th congressional district
Party
Republican
Text
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Last Updated
Dec 14, 2011
Length
45 pages
Related Bills
H.R. 1654 (113th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: Apr 18, 2013

H.R. 3577 (Related)
Biennial Budgeting and Enhanced Oversight Act of 2011

Referred to Committee
Last Action: Dec 07, 2011

 
Status

This bill was introduced on December 14, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Dec 14, 2011
Referred to Committee Dec 14, 2011
 
Full Title

To improve the accuracy and transparency of the Federal budget process.

Summary

No summaries available.

 
Primary Source

THOMAS.gov (The Library of Congress)

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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.


12/14/2011--Introduced.
Budget Process Improvement Act of 2011 - Amends the Congressional Budget Act of 1974 (CBA) to require: (1) the Director of the Congressional Budget Office (CBO) to include a descriptive analysis for the second decade budget impact of a measure when submitting a cost estimate of it, and (2) the Joint Committee on Taxation (JCT) to provide such an analysis when its submitting revenue estimates to CBO.
Requires the Office of Management and Budget (OMB) to publish a report on the size, scope, risk, and cost of the contingent federal liabilities, including the implicit guarantees to government sponsored enterprises (GSEs) such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).
Requires the Secretary of the Treasury to conduct performance reviews of JCT identified tax expenditures on an ongoing basis.
Requires OMB to: (1) develop a proposal for the implementation of an accrual-based accounting system for certain portions of the budget, and (2) report to Congress on legislation necessary to implement such system.
Requires CBO, in conjunction with JCT, to publish a report that projects annual federal revenues by source over the next 10 fiscal years and includes a discussion of the assumptions used to project such revenues.
Amends the CBA to require: (1) biennial (instead of annual) budget resolutions, (2) biennial appropriations Acts, and (3) biennial government strategic and performance plans.
Makes conforming amendments to the Rules of the House of Representatives.
Defines the budget biennium as the two consecutive fiscal years beginning on October 1 of any odd-numbered year.
Requires:
(1) a federal agency, upon request by a congressional committee, to provide appropriate information regarding its appropriations requests and program administration;
(2) the Comptroller General to furnish to such committee summaries of any audits or reviews of such program which the Comptroller General has completed during the preceding six years; and
(3) the Comptroller General, Director of the Congressional Budget Office (CBO), and the Director of the Congressional Research Service (CRS) to furnish such committee appropriate information, studies, analyses, and reports.
Requires the Director of the Office of Management and Budget (OMB) to determine and report to Congress on the impact and feasibility of changing the definition of a fiscal year, and the budget process based on that definition, to a two-year fiscal period with a biennial budget process based on such period.
Requires the President's budget submission for FY2014 to include: (1) an identification of the budget accounts for which an appropriation should be made for each fiscal year of the FY2014-FY2015 biennium, and (2) budget authority that should be provided for each such fiscal year for the budget accounts.
Directs: (1) the House and Senate committees, during the first session of the 113th Congress, to work with the Comptroller General to develop plans to transition program authorizations to a multi-year schedule; and (2) the Comptroller General, during such Congress, to continue to provide assistance to Congress with respect to programmatic oversight, and in particular to assist the congressional committees in designing and conforming programmatic oversight procedures for FY2014-FY2015 biennium.

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

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