Amends the Impoundment Control Act of 1974 to provide that budget authority proposed to be rescinded or reserved in a special message from the President to the Congress shall be made available for obligation if, within the prescribed 45-day period, the Congress adopts a rescission resolution which disapproves such proposal. (Current law requires such budget authority to be made available unless the Congress passes a bill rescinding it.)
Introduced in Senate
Read twice and referred jointly to the Committees on Budget; Governmental Affairs pursuant to the order of August 4, 1977, requiring that if one Committee reports, the other Committee has thirty days of continuous session to report or be discharged.
Referred to Subcommittee on Federal Spending, Budget, Account.
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