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2 U.S.C. § 631 — Timetable

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2 U.S.C. § 631 — Timetable

Page 176 TITLE 2—THE CONGRESS § 623 provisions set out as notes under sections 190a–1, 621, 632, and 682 of this title, section 105 of Title 1, and sec- tion 1020 of former Title 31. For complete classification of this Act to the Code, see Short Title note set out under section 621 of this title and Tables. CODIFICATION Section was formerly classified to section 1302 of Title 31 prior to the general revision and enactment of Title 31, Money and Finance, by Pub. L. 97–258, § 1, Sept. 13, 1982, 96 Stat. 877. AMENDMENTS 2011—Par. (11). Pub. L. 112–25 added par. (11). 1997—Par. (9). Pub. L. 105–33 amended par. (9) gen- erally. Prior to amendment, par. (9) read as follows: ‘‘The term ‘entitlement authority’ means spending au- thority described by section 651(c)(2)(C) of this title.’’ 1990—Par. (2). Pub. L. 101–508, § 13211(a), amended par. (2) generally. Prior to amendment, par. (2) read as fol- lows: ‘‘The term ‘budget authority’ means authority provided by law to enter into obligations which will re- sult in immediate or future outlays involving Govern- ment funds or to collect offsetting receipts., except that such term does not include authority to insure or guarantee the repayment of indebtedness incurred by another person or government. The term includes the cost for direct loan and loan guarantee programs, as those terms are defined by subchapter III of this chap- ter’’. Pub. L. 101–508, § 13201(b)(1), inserted at end: ‘‘The term includes the cost for direct loan and loan guar- antee programs, as those terms are defined by sub- chapter III of this chapter’’. Pars. (6) to (8). Pub. L. 101–508, § 13112(a)(2), added pars. (6) to (8) and struck out former par. (6) which de- fined ‘‘deficit’’ and contained provisions relating to cal- culation of the

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Page 176 TITLE 2—THE CONGRESS § 623 provisions set out as notes under sections 190a–1, 621, 632, and 682 of this title, section 105 of Title 1, and sec- tion 1020 of former Title 31. For complete classification of this Act to the Code, see Short Title note set out under section 621 of this title and Tables. CODIFICATION Section was formerly classified to section 1302 of Title 31 prior to the general revision and enactment of Title 31, Money and Finance, by Pub. L. 97–258, § 1, Sept. 13, 1982, 96 Stat. 877. AMENDMENTS 2011—Par. (11). Pub. L. 112–25 added par. (11). 1997—Par. (9). Pub. L. 105–33 amended par. (9) gen- erally. Prior to amendment, par. (9) read as follows: ‘‘The term ‘entitlement authority’ means spending au- thority described by section 651(c)(2)(C) of this title.’’ 1990—Par. (2). Pub. L. 101–508, § 13211(a), amended par. (2) generally. Prior to amendment, par. (2) read as fol- lows: ‘‘The term ‘budget authority’ means authority provided by law to enter into obligations which will re- sult in immediate or future outlays involving Govern- ment funds or to collect offsetting receipts., except that such term does not include authority to insure or guarantee the repayment of indebtedness incurred by another person or government. The term includes the cost for direct loan and loan guarantee programs, as those terms are defined by subchapter III of this chap- ter’’. Pub. L. 101–508, § 13201(b)(1), inserted at end: ‘‘The term includes the cost for direct loan and loan guar- antee programs, as those terms are defined by sub- chapter III of this chapter’’. Pars. (6) to (8). Pub. L. 101–508, § 13112(a)(2), added pars. (6) to (8) and struck out former par. (6) which de- fined ‘‘deficit’’ and contained provisions relating to cal- culation of the deficit, former par. (7) which defined ‘‘maximum deficit amount’’, and former par. (8) which defined ‘‘off-budget Federal entity’’. 1987—Par. (7)(C). Pub. L. 100–203, § 8003(c)(1), (2), redes- ignated subpar. (D) as (C). Former subpar. (C), which provided for maximum deficit amount of $108,000,000,000 for fiscal year beginning Oct. 1, 1987, was struck out. Par. (7)(D) to (I). Pub. L. 100–203, § 8003(c)(2)–(7), redes- ignated subpars. (E) to (I) as (D) to (H), respectively. Former subpar. (D) redesignated (C). Pub. L. 100–119 inserted subpars. (D) to (I) and struck out former subpars. (D) to (F) which read as follows: ‘‘(D) with respect to the fiscal year beginning Octo- ber 1, 1988, $72,000,000,000; ‘‘(E) with respect to the fiscal year beginning Octo- ber 1, 1989, $36,000,000,000; and ‘‘(F) with respect to the fiscal year beginning Octo- ber 1, 1990, zero.’’ 1986—Par. (6). Pub. L. 99–514 substituted ‘‘Internal Revenue Code of 1986’’ for ‘‘Internal Revenue Code of 1954’’, which for purposes of codification was translated as ‘‘title 26’’ thus requiring no change in text. 1985—Par. (2). Pub. L. 99–177, § 201(a)(2), inserted ref- erence to the collection of offsetting receipts, effective Apr. 15, 1986. Par. (4). Pub. L. 99–177, § 232(b), struck out subpar. (B) relating to concurrent resolutions as provided in sec- tion 641 of this title, and redesignated subpar. (C) as (B). Pars. (6) to (10). Pub. L. 99–177, § 201(a)(1), added pars. (6) to (10). 1977—Pub. L. 95–110 struck out designation ‘‘(a)’’ be- fore ‘‘For the purpose of this chapter’’ and struck out subsec. (b) which provided that Members of the respec- tive Houses of Congress who were members of the Joint Committee on Atomic Energy were to be treated as standing committees of their respective Houses of Con- gress. Statutory Notes and Related Subsidiaries CHANGE OF NAME References to the food stamp program established under the Food and Nutrition Act of 2008 considered to refer to the supplemental nutrition assistance program established under that Act, see section 4002(c) of Pub. L. 110–246, set out as a note under section 2012 of Title 7, Agriculture. EFFECTIVE DATE OF 1990 AMENDMENT Pub. L. 101–508, title XIII, § 13211(b), Nov. 5, 1990, 104 Stat. 1388–620, provided that: ‘‘The amendment made by subsection (a) [amending this section] shall be effective for fiscal year 1992 and subsequent fiscal years.’’ EFFECTIVE DATE OF 1985 AMENDMENT Amendment by sections 201(a)(1) and 232(b) of Pub. L. 99–177 effective Dec. 12, 1985, and applicable with re- spect to fiscal years beginning after Sept. 30, 1985, and amendment by section 201(a)(2) of Pub. L. 99–177 effec- tive Apr. 15, 1986, see section 275(a)(1), (2)(A) of Pub. L. 99–177, as amended, formerly set out as an Effective and Termination Dates note under section 900 of this title prior to repeal by Pub. L. 112–25, title I, § 104(a), Aug. 2, 2011, 125 Stat. 246. § 623. Continuing study of additional budget re- form proposals (a) The Committees on the Budget of the House of Representatives and the Senate shall study on a continuing basis proposals designed to improve and facilitate methods of congres- sional budgetmaking. The proposals to be stud- ied shall include, but are not limited to, pro- posals for— (1) improving the information base required for determining the effectiveness of new pro- grams by such means as pilot testing, survey research, and other experimental and analyt- ical techniques; (2) improving analytical and systematic evaluation of the effectiveness of existing pro- grams; (3) establishing maximum and minimum time limitations for program authorization; and (4) developing techniques of human resource accounting and other means of providing non- economic as well as economic evaluation measures. (b) The Committee on the Budget of each House shall, from time to time, report to its House the results of the study carried on by it under subsection (a), together with its rec- ommendations. (c) Nothing in this section shall preclude stud- ies to improve the budgetary process by any other committee of the House of Representa- tives or the Senate or any joint committee of the Congress. (Pub. L. 93–344, title VII, § 703, July 12, 1974, 88 Stat. 326.) Editorial Notes CODIFICATION Section was formerly classified to section 1303 of Title 31 prior to the general revision and enactment of Title 31, Money and Finance, by Pub. L. 97–258, § 1, Sept. 13, 1982, 96 Stat. 877. SUBCHAPTER I—CONGRESSIONAL BUDGET PROCESS § 631. Timetable The timetable with respect to the congres- sional budget process for any fiscal year is as follows: Page 177 TITLE 2—THE CONGRESS § 631 On or before: Action to be completed: First Monday in February. President submits his budget. February 15 ........... Congressional Budget Office submits report to Budget Committees. Not later than 6 weeks after President sub- mits budget. Committees submit views and estimates to Budget Com- mittees. April 1 ................... Senate Budget Committee re- ports concurrent resolution on the budget. April 15 ................. Congress completes action on concurrent resolution on the budget. May 15 ................... Annual appropriation bills may be considered in the House. June 10 .................. House Appropriations Com- mittee reports last annual appropriation bill. June 15 .................. Congress completes action on reconciliation legislation. June 30 .................. House completes action on an- nual appropriation bills. October 1 .............. Fiscal year begins. (Pub. L. 93–344, title III, § 300, July 12, 1974, 88 Stat. 306; Pub. L. 99–177, title II, § 201(b), Dec. 12, 1985, 99 Stat. 1040; Pub. L. 101–508, title XIII, § 13112(a)(4), Nov. 5, 1990, 104 Stat. 1388–608; Pub. L. 105–33, title X, § 10104(a), Aug. 5, 1997, 111 Stat. 679.) Editorial Notes CODIFICATION Section was formerly classified to section 1321 of Title 31 prior to the general revision and enactment of Title 31, Money and Finance, by Pub. L. 97–258, § 1, Sept. 13, 1982, 96 Stat. 877. AMENDMENTS 1997—Pub. L. 105–33 substituted ‘‘Not later than 6 weeks after President submits budget’’ for ‘‘February 25’’. 1990—Pub. L. 101–508 substituted ‘‘First Monday in February’’ for ‘‘First Monday after January 3’’. 1985—Pub. L. 99–177 amended section generally. Prior to the amendment the timetable was on or before: No- vember 10—President submits current services budget; 15th day after Congress meets—President submits his budget; March 15—Committees and joint committees submit reports to Budget Committees; April 1—Con- gressional Budget Office submits reports to Budget Committees; April 15—Budget Committees report first concurrent resolution on the budget to their Houses; May 15—Committees report bills and resolutions au- thorizing new budget authority; May 15—Congress com- pletes action on first concurrent resolution on the budget; 7th day after Labor Day—Congress completes action on bills and resolutions providing new budget authority and new spending authority; September 15— Congress completes action on second required concur- rent resolution on the budget; September 25—Congress completes action on reconciliation bill or resolution, or both, implementing second required concurrent resolu- tion; October 1—Fiscal year begins. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 1985 AMENDMENT Amendment by Pub. L. 99–177 effective Dec. 12, 1985, and applicable with respect to fiscal years beginning after Sept. 30, 1985, see section 275(a)(1) of Pub. L. 99–177, formerly set out as an Effective and Termi- nation Dates note under section 900 of this title prior to repeal by Pub. L. 112–25, title I, § 104(a), Aug. 2, 2011, 125 Stat. 246. EFFECTIVE DATE Subchapter applicable with respect to the fiscal year beginning Oct. 1, 1976, and succeeding fiscal years, ex- cept as section 906 of Pub. L. 93–344, formerly set out as a note under section 632 of this title, makes provision for possible application of this section to the fiscal year beginning July 1, 1975, see section 905(c) of Pub. L. 93–344, formerly set out as an Effective Date note under section 621 of this title. SENATE BUDGET ENFORCEMENT Pub. L. 112–25, title I, § 106, Aug. 2, 2011, 125 Stat. 247, provided that: ‘‘(a) IN GENERAL.— ‘‘(1) For the purpose of enforcing the Congressional Budget Act of 1974 [see Short Title note set out under section 621 of this title] through April 15, 2012, includ- ing section 300 of that Act [2 U.S.C. 631], and enforc- ing budgetary points of order in prior concurrent res- olutions on the budget, the allocations, aggregates, and levels set in subsection (b)(1) shall apply in the Senate in the same manner as for a concurrent reso- lution on the budget for fiscal year 2012 with appro- priate budgetary levels for fiscal years 2011 and 2013 through 2021. ‘‘(2) For the purpose of enforcing the Congressional Budget Act of 1974 after April 15, 2012, including sec- tion 300 of that Act, and enforcing budgetary points of order in prior concurrent resolutions on the budg- et, the allocations, aggregates, and levels set in sub- section (b)(2) shall apply in the Senate in the same manner as for a concurrent resolution on the budget for fiscal year 2013 with appropriate budgetary levels for fiscal years 2012 and 2014 through 2022. ‘‘(b) COMMITTEE ALLOCATIONS, AGGREGATES, AND LEV- ELS.— ‘‘(1) As soon as practicable after the date of enact- ment of this section [Aug. 2, 2011], the Chairman of the Committee on the Budget shall file— ‘‘(A) for the Committee on Appropriations, com- mittee allocations for fiscal years 2011 and 2012 con- sistent with the discretionary spending limits set forth in this Act [see Short Title of 2011 Amend- ment note set out under section 900 of this title] for the purpose of enforcing section 302 of the Congres- sional Budget Act of 1974 [2 U.S.C. 633]; ‘‘(B) for all committees other than the Com- mittee on Appropriations, committee allocations for fiscal years 2011, 2012, 2012 through 2016, and 2012 through 2021 consistent with the Congressional Budget Office’s March 2011 baseline adjusted to ac- count for the budgetary effects of this Act and leg- islation enacted prior to this Act but not included in the Congressional Budget Office’s March 2011 baseline, for the purpose of enforcing section 302 of the Congressional Budget Act of 1974; ‘‘(C) aggregate spending levels for fiscal years 2011 and 2012 and aggregate revenue levels for fiscal years 2011, 2012, 2012 through 2016, 2012 through 2021 consistent with the Congressional Budget Office’s March 2011 baseline adjusted to account for the budgetary effects of this Act and legislation en- acted prior to this Act but not included in the Con- gressional Budget Office’s March 2011 baseline, and the discretionary spending limits set forth in this Act for the purpose of enforcing section 311 of the Congressional Budget Act of 1974 [2 U.S.C. 642]; and ‘‘(D) levels of Social Security revenues and out- lays for fiscal years 2011, 2012, 2012 through 2016, and 2012 through 2021 consistent with the Congressional Budget Office’s March 2011 baseline adjusted to ac- count for the budgetary effects of this Act and leg- islation enacted prior to this Act but not included in the Congressional Budget Office’s March 2011 baseline, for the purpose of enforcing sections 302 and 311 of the Congressional Budget Act of 1974. Page 178 TITLE 2—THE CONGRESS § 632 ‘‘(2) Not later than April 15, 2012, the Chairman of the Committee on the Budget shall file— ‘‘(A) for the Committee on Appropriations, com- mittee allocations for fiscal years 2012 and 2013 con- sistent with the discretionary spending limits set forth in this Act for the purpose of enforcing sec- tion 302 of the Congressional Budget Act of 1974; ‘‘(B) for all committees other than the Com- mittee on Appropriations, committee allocations for fiscal years 2012, 2013, 2013 through 2017, and 2013 through 2022 consistent with the Congressional Budget Office’s March 2012 baseline for the purpose of enforcing section 302 of the Congressional Budget Act of 1974; ‘‘(C) aggregate spending levels for fiscal years 2012 and 2013 and aggregate revenue levels for fiscal years 2012, 2013, 2013–2017, and 2013–2022 consistent with the Congressional Budget Office’s March 2012 baseline and the discretionary spending limits set forth in this Act for the purpose of enforcing sec- tion 311 of the Congressional Budget Act of 1974; and ‘‘(D) levels of Social Security revenues and out- lays for fiscal years 2012 and 2013, 2013–2017, and 2013–2022 consistent with the Congressional Budget Office’s March 2012 baseline budget for the purpose of enforcing sections 302 and 311 of the Congres- sional Budget Act of 1974 [2 U.S.C. 633, 642]. ‘‘(c) SENATE PAY-AS-YOU-GO SCORECARD.— ‘‘(1) Effective on the date of enactment of this sec- tion [Aug. 2, 2011], for the purpose of enforcing sec- tion 201 of S. Con. Res. 21 (110th Congress), the Chair- man of the Senate Committee on the Budget shall re- duce any balances of direct spending and revenues for any fiscal year to 0 (zero). ‘‘(2) Not later than April 15, 2012, for the purpose of enforcing section 201 of S. Con. Res. 21 (110th Con- gress), the Chairman of the Senate Committee on the Budget shall reduce any balances of direct spending and revenues for any fiscal year to 0 (zero). ‘‘(3) Upon resetting the Senate paygo scorecard pur- suant to paragraph (2), the Chairman shall publish a notification of such action in the Congressional Record. ‘‘(d) FURTHER ADJUSTMENTS.— ‘‘(1) The Chairman of the Committee on the Budget of the Senate may revise any allocations, aggregates, or levels set pursuant to this section to account for any subsequent adjustments to discretionary spend- ing limits made pursuant to this Act. ‘‘(2) With respect to any allocations, aggregates, or levels set or adjustments made pursuant to this sec- tion, sections 412 through 414 of S. Con. Res. 13 (111th Congress) shall remain in effect. ‘‘(e) EXPIRATION.— ‘‘(1) Subsections (a)(1), (b)(1), and (c)(1) shall expire if a concurrent resolution on the budget for fiscal year 2012 is agreed to by the Senate and House of Rep- resentatives pursuant to section 301 of the Congres- sional Budget Act of 1974 [2 U.S.C. 632]. ‘‘(2) Subsections (a)(2), (b)(2), and (c)(2) shall expire if a concurrent resolution on the budget for fiscal year 2013 is agreed to by the Senate and House of Rep- resentatives pursuant to section 301 of the Congres- sional Budget Act of 1974.’’ § 632. Annual adoption of concurrent resolution on the budget (a) Content of concurrent resolution on the budget On or before April 15 of each year, the Con- gress shall complete action on a concurrent res- olution on the budget for the fiscal year begin- ning on October 1 of such year. The concurrent resolution shall set forth appropriate levels for the fiscal year beginning on October 1 of such year and for at least each of the 4 ensuing fiscal years for the following— (1) totals of new budget authority and out- lays; (2) total Federal revenues and the amount, if any, by which the aggregate level of Federal revenues should be increased or decreased by bills and resolutions to be reported by the ap- propriate committees; (3) the surplus or deficit in the budget; (4) new budget authority and outlays for each major functional category, based on allo- cations of the total levels set forth pursuant to paragraph (1); (5) the public debt; (6) for purposes of Senate enforcement under this subchapter, outlays of the old-age, sur- vivors, and disability insurance program es- tablished under title II of the Social Security Act [42 U.S.C. 401 et seq.] for the fiscal year of the resolution and for each of the 4 succeeding fiscal years; and (7) for purposes of Senate enforcement under this subchapter, revenues of the old-age, sur- vivors, and disability insurance program es- tablished under title II of the Social Security Act (and the related provisions of the Internal Revenue Code of 1986 [26 U.S.C. 1 et seq.]) for the fiscal year of the resolution and for each of the 4 succeeding fiscal years. The concurrent resolution shall not include the outlays and revenue totals of the old-age, sur- vivors, and disability insurance program estab- lished under title II of the Social Security Act or the related provisions of the Internal Rev- enue Code of 1986 in the surplus or deficit totals required by this subsection or in any other sur- plus or deficit totals required by this sub- chapter. (b) Additional matters in concurrent resolution The concurrent resolution on the budget may— (1) set forth, if required by subsection (f), the calendar year in which, in the opinion of the Congress, the goals for reducing unemploy- ment set forth in section 4(b) of the Employ- ment Act of 1946 [15 U.S.C. 1022a(b)] should be achieved; (2) include reconciliation directives de- scribed in section 641 of this title; (3) require a procedure under which all or certain bills or resolutions providing new budget authority or new entitlement author- ity for such fiscal year shall not be enrolled until the Congress has completed action on any reconciliation bill or reconciliation reso- lution or both required by such concurrent resolution to be reported in accordance with section 641(b) of this title; (4) set forth such other matters, and require such other procedures, relating to the budget, as may be appropriate to carry out the pur- poses of this Act; (5) include a heading entitled ‘‘Debt Increase as Measure of Deficit’’ in which the concur- rent resolution shall set forth the amounts by which the debt subject to limit (in section 3101 of title 31) has increased or would increase in each of the relevant fiscal years; (6) include a heading entitled ‘‘Display of Federal Retirement Trust Fund Balances’’ in which the concurrent resolution shall set forth

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 1022a — Medium-term economic goals and policies respecting full employment and balanced growth

**(a) Incorporation of necessary programs and policies** In each Economic Report after October 27, 1978, the President shall incorporate (as part of the five-year numerical goals in each Economic Report) medium-term annual numerical goals specified in [section 1022(a)(2)(B) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1022/a/2/B&num=0&edition=prelim), and in each President’s Budget submitted immediately prior thereto, the President shall incorporate the programs and policies the President deems necessary to achieve such medium-term goals and a balanced Federal budget and to achieve reasonable price stability as rapidly as feasible as provided for in [section 1022b(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1022b/b&num=0&edition=prelim). **(b) Interim numerical goals for initial Economic Reports** The medium-term goals in the first three Economic Reports and, subject to the provisions of subsection (d), in each Economic Report thereafter shall include (as part of the five-year goals in each Economic Report) interim numerical goals for— (1) reducing the rate of unemployment, as set forth pursuant to [section 1022(d) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1022/d&num=0&edition=prelim), to not more than 3 per centum among individuals aged twenty and over and 4 per centum among individuals aged sixteen and over within a period not extending beyond the fifth calendar year after the first such Economic Report; (2) reducing the rate of inflation, as set forth pursuant to [section 1022(e) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section1022/e&num=0&edition=prelim), to not more than 3 per

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 1022a — Medium-term economic goals and poli-

Page 1266 TITLE 15—COMMERCE AND TRADE § 1022a ning of each regular session (commencing with the year 1947)’’. 1946—Subsec. (a). Act Aug. 2, 1946, substituted ‘‘at’’ for ‘‘within 60 days after’’. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 1946 AMENDMENT Amendment by act Aug. 2, 1946, effective Aug. 2, 1946, see section 245 of that act, set out as a note under sec- tion 4301 of Title 2, The Congress. § 1022a. Medium-term economic goals and poli- cies respecting full employment and bal- anced growth (a) Incorporation of necessary programs and policies In each Economic Report after October 27, 1978, the President shall incorporate (as part of the five-year numerical goals in each Economic Report) medium-term annual numerical goals specified in section 1022(a)(2)(B) of this title, and in each President’s Budget submitted imme- diately prior thereto, the President shall incor- porate the programs and policies the President deems necessary to achieve such medium-term goals and a balanced Federal budget and to achieve reasonable price stability as rapidly as feasible as provided for in section 1022b(b) of this title. (b) Interim numerical goals for initial Economic Reports The medium-term goals in the first three Eco- nomic Reports and, subject to the provisions of subsection (d), in each Economic Report there- after shall include (as part of the five-year goals in each Economic Report) interim numerical goals for— (1) reducing the rate of unemployment, as set forth pursuant to section 1022(d) of this title, to not more than 3 per centum among in- dividuals aged twenty and over and 4 per cen- tum among individuals aged sixteen and over within a period not extending beyond the fifth calendar year after the first such Economic Repor

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Federal law — U.S. Code and appendices · legal_authorities

2 U.S.C. § 631 — Congressional declaration of purpose

The Congress declares that it is essential— (1) to assure effective congressional control over the budgetary process; (2) to provide for the congressional determination each year of the appropriate level of Federal revenues and expenditures; (3) to provide a system of impoundment control; (4) to establish national budget priorities; and (5) to provide for the furnishing of information by the executive branch in a manner that will assist the Congress in discharging its duties.

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Federal law — U.S. Code and appendices · legal_authorities

2 U.S.C. § 632 — Definitions

For purposes of this Act— (1) The terms “budget outlays” and “outlays” mean, with respect to any fiscal year, expenditures and net lending of funds under budget authority during such year. (2) **Budget authority and new budget authority.—** (A) *In general.—* — The term “budget authority” means the authority provided by Federal law to incur financial obligations, as follows: (i) provisions of law that make funds available for obligation and expenditure (other than borrowing authority), including the authority to obligate and expend the proceeds of offsetting receipts and collections; (ii) borrowing authority, which means authority granted to a Federal entity to borrow and obligate and expend the borrowed funds, including through the issuance of promissory notes or other monetary credits; (iii) contract authority, which means the making of funds available for obligation but not for expenditure; and (iv) offsetting receipts and collections as negative budget authority, and the reduction thereof as positive budget authority. (B) *Limitations on budget authority.—* — With respect to the Federal Hospital Insurance Trust Fund, the Supplementary Medical Insurance Trust Fund, the Unemployment Trust Fund, and the railroad retirement account, any amount that is precluded from obligation in a fiscal year by a provision of law (such as a limitation or a benefit formula) shall not be budget authority in that year. (C) *New budget authority.—* — The term “new budget authority” means, with respect to a fiscal year— (i) budget authority that first becomes available for obligation in that year, including budget authority that becomes available in that year s 11 So in original. Probably should be “as”. a result of a reappropriation; or (ii) a chan

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Federal law — U.S. Code and appendices · legal_authorities

2 U.S.C. § 632 — Annual adoption of concurrent resolution

Page 178 TITLE 2—THE CONGRESS § 632 ‘‘(2) Not later than April 15, 2012, the Chairman of the Committee on the Budget shall file— ‘‘(A) for the Committee on Appropriations, com- mittee allocations for fiscal years 2012 and 2013 con- sistent with the discretionary spending limits set forth in this Act for the purpose of enforcing sec- tion 302 of the Congressional Budget Act of 1974; ‘‘(B) for all committees other than the Com- mittee on Appropriations, committee allocations for fiscal years 2012, 2013, 2013 through 2017, and 2013 through 2022 consistent with the Congressional Budget Office’s March 2012 baseline for the purpose of enforcing section 302 of the Congressional Budget Act of 1974; ‘‘(C) aggregate spending levels for fiscal years 2012 and 2013 and aggregate revenue levels for fiscal years 2012, 2013, 2013–2017, and 2013–2022 consistent with the Congressional Budget Office’s March 2012 baseline and the discretionary spending limits set forth in this Act for the purpose of enforcing sec- tion 311 of the Congressional Budget Act of 1974; and ‘‘(D) levels of Social Security revenues and out- lays for fiscal years 2012 and 2013, 2013–2017, and 2013–2022 consistent with the Congressional Budget Office’s March 2012 baseline budget for the purpose of enforcing sections 302 and 311 of the Congres- sional Budget Act of 1974 [2 U.S.C. 633, 642]. ‘‘(c) SENATE PAY-AS-YOU-GO SCORECARD.— ‘‘(1) Effective on the date of enactment of this sec- tion [Aug. 2, 2011], for the purpose of enforcing sec- tion 201 of S. Con. Res. 21 (110th Congress), the Chair- man of the Senate Committee on the Budget shall re- duce any balances of direct spending and revenues for any fiscal year to 0 (zero). ‘‘(2) Not later than April 15, 2012, for the purpose of enforcing secti

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Federal law — U.S. Code and appendices · legal_authorities

2 U.S.C. § 633 — Continuing study of additional budget reform proposals

**(a)** The Committees on the Budget of the House of Representatives and the Senate shall study on a continuing basis proposals designed to improve and facilitate methods of congressional budgetmaking. The proposals to be studied shall include, but are not limited to, proposals for— (1) improving the information base required for determining the effectiveness of new programs by such means as pilot testing, survey research, and other experimental and analytical techniques; (2) improving analytical and systematic evaluation of the effectiveness of existing programs; (3) establishing maximum and minimum time limitations for program authorization; and (4) developing techniques of human resource accounting and other means of providing noneconomic as well as economic evaluation measures. **(b)** The Committee on the Budget of each House shall, from time to time, report to its House the results of the study carried on by it under subsection (a), together with its recommendations. **(c)** Nothing in this section shall preclude studies to improve the budgetary process by any other committee of the House of Representatives or the Senate or any joint committee of the Congress.

Source: Supplied U.S. Code snapshot — release unconfirmed · 2 U.S.C. § 633

Stored review status: release_metadata_unconfirmed. The source passage cites 2 U.S.C. § 633. This identifies an authority to review, not proof of applicability.

Federal law — U.S. Code and appendices · legal_authorities

2 U.S.C. § 633 — Committee allocations

Page 183 TITLE 2—THE CONGRESS § 633 such provision changes the income tax treatment of OASDI benefits.’’ BALANCED FEDERAL BUDGETS; CONGRESSIONAL BUDGET COMMITTEE REPORTS BY APRIL 15, 1979, 1980, AND 1981, OF BALANCED FISCAL YEAR BUDGETS FOR 1981 AND 1982 Pub. L. 96–5, § 5, Apr. 2, 1979, 93 Stat. 8, which provided that Congress shall balance the Federal budget, that the Budget Committees were to report, by April 15, 1979, a fiscal year budget for 1981 that would be in bal- ance, and also a fiscal year budget for 1982 that would be in balance, and by April 15, 1980, a fiscal year budget for 1981 that would be in balance, and by April 15, 1981, a fiscal year budget for 1982 that would be in balance, and that the Budget Committees were to show the con- sequences of each budget on each budget function and on the economy, setting forth the effects on revenues, spending, employment, inflation, and national secu- rity, was repealed by Pub. L. 97–258, § 5(b), Sept. 13, 1982, 96 Stat. 1068. APPLICATION OF CONGRESSIONAL BUDGET PROCESS TO FISCAL YEAR BEGINNING JULY 1, 1975 Pub. L. 93–344, title IX, § 906, July 12, 1974, 88 Stat. 332, provided for application of provisions of this sub- chapter and sections 602(f), 651, and 652 of this title with respect to the fiscal year beginning July 1, 1975, to the extent agreed to by the Committees on the Budget of the House of Representatives and the Senate, prior to repeal by Pub. L. 105–33, title X, § 10120(a), Aug. 5, 1997, 111 Stat. 696. § 633. Committee allocations (a) Committee spending allocations (1) Allocation among committees The joint explanatory statement accom- panying a conference report on a concurrent resolution on the budget shall include an allo- cation, consistent with the resolution rec- ommended

Source: Supplied 2024 U.S. Code historical extraction · 2 U.S.C. § 633

Stored review status: historical_2024_not_currentness_verified. The source passage cites 2 U.S.C. § 633. This identifies an authority to review, not proof of applicability.

Federal law — U.S. Code and appendices · legal_authorities

2 U.S.C. § 642 — Reports, summaries, and projections of Congressional budget actions

**(a) Legislation providing new budget authority or providing increase or decrease in revenues or tax expenditures** (1) Whenever a committee of either House reports to its House a bill or joint resolution, or committee amendment thereto, providing new budget authority (other than continuing appropriations) or providing an increase or decrease in revenues or tax expenditures for a fiscal year (or fiscal years), the report accompanying that bill or joint resolution shall contain a statement, or the committee shall make available such a statement in the case of an approved committee amendment which is not reported to its House, prepared after consultation with the Director of the Congressional Budget Office— (A) comparing the levels in such measure to the appropriate allocations in the reports submitted under [section 633(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title2-section633/b&num=0&edition=prelim) for the most recently agreed to concurrent resolution on the budget for such fiscal year (or fiscal years); (B) containing a projection by the Congressional Budget Office of how such measure will affect the levels of such budget authority, budget outlays, revenues, or tax expenditures under existing law for such fiscal year (or fiscal years) and each of the four ensuing fiscal years, if timely submitted before such report is filed; and (C) containing an estimate by the Congressional Budget Office of the level of new budget authority for assistance to State and local governments provided by such measure, if timely submitted before such report is filed. (2) Whenever a conference report is filed in either House and such conference report or any amendment reported in disagreement or any amendment contained in the joint statement

Source: Supplied U.S. Code snapshot — release unconfirmed · 2 U.S.C. § 642

Stored review status: release_metadata_unconfirmed. The source passage cites 2 U.S.C. § 642. This identifies an authority to review, not proof of applicability.

Federal law — U.S. Code and appendices · legal_authorities

2 U.S.C. § 642 — Budget-related legislation must be within

Page 195 TITLE 2—THE CONGRESS § 642 Subsec. (g). Pub. L. 101–508, § 13112(a)(9), substituted ‘‘joint resolution pursuant’’ for ‘‘resolution pursuant’’ and ‘‘section 907d of this title’’ for ‘‘section 904(b) of this title’’. 1985—Pub. L. 99–177 substituted ‘‘Reconciliation’’ for ‘‘Second required concurrent resolution and reconcili- ation process’’ in section catchline. Subsec. (a). Pub. L. 99–177 amended subsec. (a) gen- erally, inserting provisions relating to new entitlement authority and credit authority, and deleting provision that any such concurrent resolution could be reported, and the report accompanying it could be filed, in either House notwithstanding that that House was not in ses- sion on the day on which such concurrent resolution is reported. Subsec. (b). Pub. L. 99–177 amended subsec. (b) gen- erally, substituting provisions relating to legislative procedure respecting concurrent resolutions with direc- tives to committees to determine and recommend changes in laws, etc., for provisions relating to comple- tion of action on concurrent resolutions. Subsec. (c). Pub. L. 99–177 amended subsec. (c) gen- erally, substituting provisions relating to compliance with reconciliation directives, for provisions relating to the reconciliation process. Subsec. (d). Pub. L. 99–177 amended subsec. (d) gen- erally, substituting provisions relating to limitations on amendments to reconciliation bills and resolutions, for provisions relating to completion of the reconcili- ation process. Subsec. (e). Pub. L. 99–177 amended subsec. (e) gen- erally, substituting references to subsec. (b) for ref- erences to subsec. (c) wherever appearing, and deleting references to reconciliation resolutions. Subsec. (f). Pub. L. 99–177 amended subsec. (f) gen- erally,

Source: Supplied 2024 U.S. Code historical extraction · 2 U.S.C. § 642

Stored review status: historical_2024_not_currentness_verified. The source passage cites 2 U.S.C. § 642. This identifies an authority to review, not proof of applicability.

Federal law — U.S. Code and appendices · legal_authorities

26 U.S.C. § 1 — Tax imposed

**(a) Married individuals filing joint returns and surviving spouses** There is hereby imposed on the taxable income of— (1) every married individual (as defined in section 7703) who makes a single return jointly with his spouse under section 6013, and (2) every surviving spouse (as defined in section 2(a)), a tax determined in accordance with the following table: If taxable income is:The tax is: Not over $36,90015% of taxable income. Over $36,900 but not over $89,150$5,535, plus 28% of the excess over $36,900. Over $89,150 but not over $140,000$20,165, plus 31% of the excess over $89,150. Over $140,000 but not over $250,000$35,928.50, plus 36% of the excess over $140,000. Over $250,000$75,528.50, plus 39.6% of the excess over $250,000. **(b) Heads of households** There is hereby imposed on the taxable income of every head of a household (as defined in section 2(b)) a tax determined in accordance with the following table: If taxable income is:The tax is: Not over $29,60015% of taxable income. Over $29,600 but not over $76,400$4,440, plus 28% of the excess over $29,600. Over $76,400 but not over $127,500$17,544, plus 31% of the excess over $76,400. Over $127,500 but not over $250,000$33,385, plus 36% of the excess over $127,500. Over $250,000$77,485, plus 39.6% of the excess over $250,000. **(c) Unmarried individuals (other than surviving spouses and heads of households)** There is hereby imposed on the taxable income of every individual (other than a surviving spouse as defined in section 2(a) or the head of a household as defined in section 2(b)) who is not a married individual (as defined in section 7703) a tax determined in accordance with the following table: If taxable income is:The tax is: Not over $22,10015% of taxable income. Over $22,100 but not over $53,50

Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 1

Stored review status: release_metadata_unconfirmed. The source passage cites 26 U.S.C. § 1. This identifies an authority to review, not proof of applicability.