To provide that receipts and disbursements of the Highway Trust Fund, the Airport and Airway Trust Fund, and the Inland Waterways Trust Fund will not be included in the totals of the congressional budget or the budget of the United States Government as submitted by the President, and to adjust the maximum deficit amounts prescribed by the Balanced Budget and Emergency Deficit Control Act of 1985 to reflect the change in budget calculation.
Truth in Transportation Trust Funds Act - Excludes the receipts and disbursements allocable to the transportation-related operations of the Highway Trust Fund, the Airport and Airway Trust Fund, and the Inland Waterways Trust Fund from totals of the Federal budget as submitted by the President and from the congressional budget.
Exempts the same amounts from any general statutory budget limitation on Government outlays.
Amends the Congressional Budget and Impoundment Control Act of 1974 to: (1) include these same amounts in fiscal year total revenues and outlays for deficit calculation purposes; and (2) adjust the maximum deficit amount to reflect this new treatment of the affected trust funds.
Makes it out of order in both the Senate and the House of Representatives, in the context of the congressional budget process, to consider changes or recommendations with respect to these trust funds.
Referred to the Subcommittee on Legislation and National Security.
Introduced in House
Introduced in House
Referred to the House Committee on Public Works + Transportation.
Referred to the House Committee on Government Operations.
Referred to the House Committee on Rules.
Referred to the Subcommittee on Legislation and National Security.
Referred to the Subcommittee on Aviation.
Referred to the Subcommittee on Water Resources.
Referred to the Subcommittee on Surface Transportation.
Referred to the Subcommittee on the Legislative Process.
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