A bill to require that estimates of the average cost for each taxpaying family be included in all bills and resolutions of a public character introduced and reported in the Senate and the House of Representatives.

Truth in Spending Act - Requires that any bill or resolution of a public character introduced in the House of Representatives or the Senate, and the report on any such bill or resolution reported by any committee of either House, shall contain an estimate of the average cost for each taxpaying family, if such bill were enacted into law. Provides that no bill or resolution shall be considered until such determination is made.

Calls upon the Director of the Congressional Budget Office to print statistics of the average cost for each taxpaying family of bills and resolutions for the week and for the year in the Congressional Record.