Establishing the congressional budget for the United States Government for fiscal year 2008 and setting forth appropriate budgetary levels for fiscal years 2009 through 2012.
Latest action · Mar 29, 2007 Referred to the House Committee on the Budget.
Progress
Where this resolution reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried. A concurrent resolution must be agreed to by both chambers, but it is not presented to the President and does not become law.
- IntroducedMar 29, 2007
- Agreed to in HouseNot reached
- Agreed to in SenateNot reached
Summary
Sets forth the congressional budget for the federal government for FY2008, including the appropriate budgetary levels for FY2009-FY2012.
Lists recommended budgetary levels and amounts, for FY2008-FY2012, with respect to: (1) federal revenues; (2) new budget authority; (3) budget outlays; (4) deficits (on-budget); (5) debt subject to limit; and (6) debt held by the public.
Lists the appropriate levels of new budget authority and outlays for specified major functional categories for FY2008-FY2012.
Sets forth reconciliation instructions for the Committees on: (1) Agriculture; (2) Armed Services; (3) Education and Labor: (4) Energy and Commerce; (5) Financial Services; (6) Foreign Affairs; (7) the Judiciary; (8) Natural Resources; (9) Transportation and Infrastructure; and (10) Ways and Means.
Requires the House Budget Committee to report a reconciliation bill providing for mandatory spending reform.
Declares the policy in the resolution on: (1) taxation; (2) entitlement spending; and (3) the Bonneville Power Marketing Administration.
Prohibits House legislation that would require advance appropriations, except certain FY2009 or FY2010 programs, projects, activities, or accounts.
States that if legislation is reported that makes appropriations for FY2008 for contingency operations directly related to the global war on terrorism and other unanticipated defense-related operations, then the resulting new budget authority, new entitlement authority, outlays, or receipts shall not count for certain purposes of the Congressional Budget Act of 1974.
Provides for adjustments for tax legislation.
Repeals the Gephardt Rule (relating to mandatory adjustment of the statutory limit on the public debt to conform to a budget resolution).
Requires introduction of budget process reform legislation.
Requires the Treasury Department to study the impact of the current federal tort system on global competition and gross domestic product (GDP) growth.
Prescribes the budgetary treatment of the National Flood Insurance Program.
Provides for a nondefense reserve fund for emergencies.
Authorizes the President to propose the cancellation (line item veto) of any dollar amount of discretionary budget authority, item of direct spending, limited tariff benefit, or targeted tax benefit.
Expresses the sense of Congress on: (1) deferral authority; and (2) abuse of proposed cancellations.
Makes it out of order in the House of Representatives to consider any legislation unless: (1) the required list of congressional earmarks, limited tax and tariff benefits, and the name of the requesting Member is also set forth in the text of the measure; and (2) such list is made publicly available on the Internet in a searchable format at least 48 hours before a measure's consideration.
Makes it out of order to consider in the House or Senate any direct spending legislation, excluding the impact of any revenue provisions, increasing the on-budget deficit or causing an on-budget deficit for any one of specified applicable time periods.
Makes it out of order to consider in the House legislation that would cause the discretionary spending limits in this resolution to be exceeded.
Establishes specified discretionary spending limits in the House.
Expresses the sense of the House of Representatives on: (1) child support enforcement; (2) state veterans cemeteries; and (3) the Internal Revenue Code.
Expresses the sense of Congress on health insurance reform.
Cosponsors
Members who signed on, in the order they did.
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Budget Committee | Referred Mar 29, 2007 |
Actions 2
Everything that happened, newest first.
- Mar 29, 2007Introduced in House
- Mar 29, 2007Referred to the House Committee on the Budget.
Related bills 2
Companion bills and other measures the record links to this one.
Titles 1
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- Establishing the congressional budget for the United States Government for fiscal year 2008 and setting forth appropriate budgetary levels for fiscal years 2009 through 2012.
Subjects
Assigned by the Library of Congress. Policy area: Economics and Public Finance.
- Appropriations
- Armed forces abroad
- Armed Forces and National Security
- Authorization
- Budget deficits
- Budget reconciliation
- Budget resolutions
- Cemeteries and funerals
- Child support
- Collection of accounts
- Congress
- Congressional publicity
- Congressional reporting requirements
- Congressional voting
- Crime and Law Enforcement
- Debt limit
- Defense budgets
- Disaster insurance
- Disaster relief
- Economic growth
- Economic impact statements
- Economics and Public Finance
- Emergency Management
- Employee health benefits
- Energy
- Entitlements
- Families
- Federal budget process
- Federal budgets
- Finance and Financial Sector
- Floods
- Foreign Trade and International Finance
- Government Operations and Politics
- Government spending reductions
- Gross national product
- Health insurance
- House rules and procedure
- Income tax
- Insurance premiums
- International competitiveness
- Item veto
- Job creation
- Labor and Employment
- Legislation
- Married people
- Medical economics
- Members of Congress
- Off-budget expenditures
- Power marketing administrations
- Public debt
- Record votes
- Saving and investment
- Senate rules and procedure
- Tariff preferences
- Tax credits
- Tax exclusion
- Tax preferences
- Tax rates
- Tax refunds
- Tax returns
- Taxation
- Taxpayers
- Terrorism
- Torts
- Veterans' benefits
Text 1
Each version as it was printed, newest first.
- Mar 29, 2007Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this resolution on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
