S 851 · 109th Congress 2005–2007, ended

Fiscal Responsibility for a Sound Future Act

Introduced Apr 19, 2005 Originated Senate Sponsor Kent Conrad D-ND

Fact sheet

Latest action · Apr 20, 2005 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 83.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedApr 19, 2005
  2. Passed SenateNot reached
  3. Passed HouseNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Fiscal Responsibility for a Sound Future Act - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to extend through FY 2005 the spending caps for discretionary, highway, and mass transit categories in new budget authority and outlays.

Declares that Congress should enact a limit on total discretionary spending for FY 2006.

Retains (eliminates the expiration of) pay-as-you-go.

Reenacts into law (effective for FY 2005) certain budget enforcement mechanisms through FY 2015.

Makes it out of order in the Senate to consider under expedited procedures applicable to reconciliation in the Congressional Budget Act of 1974 any measure that increases the deficit in the: (1) first fiscal year covered by the most recently adopted concurrent resolution on the budget; (2) first five fiscal years covered by such adoption; or (3) first five fiscal years following such period.

Amends H.Con.Res. 95 (108th Congress) to revise provisions concerning the Pay-As-You-Go point of order rule in the Senate to: (1) modify the formula used to estimate the baseline; and (2) extend the application of such rule through FY 2015.

Cosponsors 18

Members who signed on, in the order they did. All signed on Apr 19, 2005.

SeatCosponsorSigned on
D-MDBarbara A. MikulskiOriginalApr 19, 2005
D-CABarbara BoxerOriginalApr 19, 2005
D-FLBill NelsonOriginalApr 19, 2005
D-NDByron L. DorganOriginalApr 19, 2005
D-MICarl LevinOriginalApr 19, 2005
D-NYCharles E. SchumerOriginalApr 19, 2005
D-CTChristopher J. DoddOriginalApr 19, 2005
D-HIDaniel K. InouyeOriginalApr 19, 2005
D-MIDebbie StabenowOriginalApr 19, 2005
D-CADianne FeinsteinOriginalApr 19, 2005
D-NVHarry ReidOriginalApr 19, 2005
D-WIHerb KohlOriginalApr 19, 2005
D-NYHillary Rodham ClintonOriginalApr 19, 2005
D-WVJohn D. Rockefeller IVOriginalApr 19, 2005
D-COKen SalazarOriginalApr 19, 2005
Show all 18 cosponsors

Actions 3

Everything that happened, newest first.

  1. Apr 20, 2005Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 83.
  2. Apr 19, 2005Introduced in Senate
  3. Apr 19, 2005Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

Related bills 1

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
S 19Fiscal Responsibility for a Sound Future ActIdentical billJan 24, 2005

Subjects

Assigned by the Library of Congress. Policy area: Economics and Public Finance.

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