To amend the Congressional Budget and Impoundment Control Act of 1974 to provide for the expedited consideration of certain proposed rescissions of budget authority.
Amends the Congressional Budget and Impoundment Control Act of 1974 to allow the President to transmit to both Houses of the Congress, for expedited consideration, one or more special messages proposing to rescind amounts of budget authority or to repeal any targeted tax benefit provided in a revenue Act.
Requires that such special message be accompanied by a draft bill or joint resolution that would, if enacted, only rescind the budget authority or repeal the targeted tax benefit Requires such bill to include a Deficit Reduction Account. Allows the President to place rescinded amounts in such Account.
Sets forth House and Senate procedures for the expedited consideration of such a proposal.
Motion to reconsider laid on the table Agreed to without objection.
Committee on Budget. Hearings held.
Reported by the Committee on Rules. H. Rept. 103-557, Part I.
Rules Committee Resolution H. Res. 467 Reported to House. Rule provides for consideration of H.R. 4600 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit. Measure will be read by section. Specified amendments are in order. No amendment to the bill shall be in order except those printed in the report of the Committee on Rules accompanying this resolution. Said amendments shall be offered in the order and manner specified in the report, and shall not be subject to amendment except as specified. All points of order against said amendments shall be waived.
Rule H. Res. 467 passed House.
Considered under the provisions of rule H. Res. 467. (consideration: CR H5700-5730)
Rule provides for consideration of H.R. 4600 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit. Measure will be read by section. Specified amendments are in order. No amendment to the bill shall be in order except those printed in the report of the Committee on Rules accompanying this resolution. Said amendments shall be offered in the order and manner specified in the report, and shall not be subject to amendment except as specified. All points of order against said amendments shall be waived.
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 467 and Rule XXIII.
The Speaker designated the Honorable E de la Garza to act as Chairman of the Committee.
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GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate.
DEBATE - Pursuant to the provisions of H. Res. 467, the Committee of the Whole proceeded with ten minutes of debate on the Derrick amendment.
DEBATE - Pursuant to the provisions of H. Res. 467, the Committee of the Whole proceeded with 30 minutes of debate on the Stenholm amendment.
DEBATE - Pursuant to the provisions of H. Res. 467, the Committee of the Whole proceeded with 30 minutes of debate on the Solomon amendment.
DEBATE - The Committee of the Whole proceeded with the remaining debate on the Stenholm amendment (approximately 24 minutes).
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 4600.
The previous question was ordered pursuant to the rule.
The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union.
Passed/agreed to in House: On passage Passed by recorded vote: 342 - 69 (Roll no. 329).
Roll Call #329 (House)On passage Passed by recorded vote: 342 - 69 (Roll no. 329).
Roll Call #329 (House)Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and read twice and referred jointly to the Committees on Budget; Governmental Affairs pursuant to the order of August 4, 1977, with instructions that if one Committee reports, the other Committee have thirty days to report or be discharged.
Committee on Budget. Hearings held.