H.R. 3442 — Expedited Rescissions Act of 1999

Summary

Expedited Rescissions Act of 1999 - Amends the Congressional Budget and Impoundment Control Act of 1974 to authorize the President to propose the rescission of any budget authority provided in an appropriation Act or repeal of any targeted tax benefit provided in any revenue Act. Permits the President, if proposing a rescission of budget authority, to propose to reduce the appropriate discretionary spending limit set forth in the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) by an amount that does not exceed the proposed rescission.

Authorizes the President to transmit a draft bill to Congress with such a proposal that clearly identifies the budget authority proposed to be rescinded or the targeted tax benefit to be repealed.

Sets forth procedures for the identification of targeted tax benefits.

Establishes expedited procedures in the Senate and the House of Representatives for consideration of the draft bill.

Makes any amount of budget authority proposed to be rescinded available for obligation on the day after the date either House rejects such bill. Provides that any targeted tax benefit proposed for repeal shall not be deemed repealed unless the draft bill is enacted into law.

Provides for expedited judicial review of provisions of this Act in the U.S. District Court for the District of Columbia and direct appeals to the Supreme Court.

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Legislative Actions

1999-11-17
Introduced in House
1999-11-17
Introduced in House
1999-11-17
Sponsor introductory remarks on measure. (CR H12112)
1999-11-17
Referred to the Committee on the Budget, and in addition to the Committees on Rules, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
1999-11-17
Referred to the Committee on the Budget, and in addition to the Committees on Rules, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
1999-11-17
Referred to the Committee on the Budget, and in addition to the Committees on Rules, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
1999-11-17
Referred to the Committee on the Budget, and in addition to the Committees on Rules, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
1999-11-18
Sponsor introductory remarks on measure. (CR E2437-2438)

Expedited Rescissions Act of 1999

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