A bill to amend the Impoundment Control Act of 1974 to provide that deferrals of budget authority proposed by the President shall not take effect unless within 45 legislative days Congress completes action on an impoundment bill, and for other purposes.

Amends the Impoundment Control Act of 1974 to provide that any deferral of budget authority proposed by the President shall not take effect unless the Congress, within 45 legislative days after receiving the President's proposal, completes action on a bill making such deferral.