H.R. 6525 (112th): Truth in Spending Act of 2012

Introduced:
Sep 21, 2012 (112th Congress, 2011–2013)
Status:
Died (Referred to Committee)
Sponsor
Adam Kinzinger
Representative for Illinois's 11th congressional district
Party
Republican
Text
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Last Updated
Sep 21, 2012
Length
16 pages
Related Bills
H.R. 2518 (113th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: Jun 26, 2013

 
Status

This bill was introduced on September 21, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced Sep 21, 2012
Referred to Committee Sep 21, 2012
 
Full Title

To increase the long-term fiscal accountability of direct spending legislation.

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.


9/21/2012--Introduced.
Truth in Spending Act of 2012 - Requires the President's annual budget request to Congress to include the most recent reports of the Director of the Office of Management and Budget (OMB) regarding the difference between the actual costs and the estimated costs of direct spending legislation, including proposed legislative language, if any, in such reports.
Requires OMB to submit annually for inclusion in the President's budget request reports (with follow-up reports every five fiscal years) on the total estimated cost and total actual cost of direct spending legislation for the then budget year and four outyears.
Requires the President, within seven days after receiving an OMB report, to submit proposed legislative language, if any, set forth in the report to both chambers.
Prescribes the procedure for fast track consideration of the legislation in both chambers.
Prohibits the budgetary effects of such legislation from being entered on either PAYGO scorecard under the Statutory Pay-As-You-Go Act of 2010.

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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