H.R.1871 - Baseline Reform Act of 2014

To amend the Balanced Budget and Emergency Deficit Control Act of 1985 to reform the budget baseline. view all titles (4)

All Bill Titles

  • Short: Baseline Reform Act of 2014 as passed house.
  • Official: To amend the Balanced Budget and Emergency Deficit Control Act of 1985 to reform the budget baseline. as introduced.
  • Short: Baseline Reform Act of 2013 as introduced.
  • Short: Baseline Reform Act of 2013 as reported to house.

This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.

Bill’s Views

  • Today: 3
  • Past Seven Days: 12
  • All-Time: 640
 
Introduced
 
House
Passed
 
Senate
Passes
 
President
Signs
 

 
05/08/13
 
04/08/14
 
 
 
 
 

Sponsor

Representative

Rob Woodall

R-GA

View Co-Sponsors (12)
 

Latest Vote

Result: Passed - April 08, 2014

Roll call number 168 in the House

Question: On Passage: H R 1871 Baseline Reform Act

 

Official Summary

Baseline Reform Act of 2014 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to revise the formula for establishing the budget baseline. Revises the annual baseline, for any fiscal year, to mean a projection of current-year levels of new bu

Official Summary

Baseline Reform Act of 2014 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to revise the formula for establishing the budget baseline. Revises the annual baseline, for any fiscal year, to mean a projection of current-year levels of new budget authority (as under current law), outlays (as under current law), or receipts (instead of revenues) and the surplus or deficit (as under current law) for the current year, the budget year, and the ensuing nine outyears based on laws enacted through the applicable date. Includes estimates for direct spending in the baseline calculation formula for the budget year and each outyear. Revises the formula for calculating the baseline for discretionary spending for the budget year and each outyear to eliminate adjustments for:
(1) expiring multiyear subsidized housing contracts;
(2) administrative expenses of the Federal Hospital Insurance Trust Fund, the Supplementary Medical Insurance Trust Fund, the Unemployment Trust Fund, and the Railroad Retirement account;
(3) offsets to federal employees' annual pay; and
(4) certain inflators used to adjust budgetary resources in the Act. Requires the Congressional Budget Office (CBO) to report to the congressional budget committees, on or before July 1 of each year, the Long-Term Budget Outlook for:
(1) the fiscal year commencing on October 1 of that year, and
(2) at least the ensuing 40 fiscal years.

...Read the Rest




Vote on This Bill

-% Users Support Bill

0 in favor / 0 opposed
 

Send Your Rep a Letter

about this bill Support Oppose Tracking
Track with MyOC