A bill to amend the Congressional Budget Act of 1974 to limit increases in levels of total budget outlays and total new budget authority established in concurrent budget resolutions.
Budget Limitation Act - Amends the Congressional Budget Act of 1974 to limit the levels of total budget outlays and total new budget authority for a fiscal year to such outlays and authority for the preceding fiscal year, increased by a percentage equal to the average annual percentage increase in the gross national product during the three calendar years preceding the beginning of such fiscal year.
Referred to House Committee on Rules.
Introduced in House
Introduced in House
Referred to House Committee on Rules.
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