Page:United States Statutes at Large Volume 88 Part 1.djvu/357

 88 STAT. ]

PUBLIC LAW 93-344-JULY 12, 1974

313

LEGISLATION DEALING W I T H CONGRESSIONAL BUDGET M U S T BE H A N D L E D BY BUDGET COMMITTEE S

SEC. 306. No bill or resolution, and no amendment to any bill or resolution, dealing with any matter which is within the jurisdiction of the Committee on the Budget of either House shall be considered in that House unless it is a bill or resolution which has been reported by the Committee on the Budget of that House (or from the consideration of which such committee has been discharged) or unless it is an amendment to such a bill or resolution.

31 USC 1327.

H O U S E COMMITTEE ACTION ON ALL APPROPRIATION BILLS TO BE COMPLETED BEFORE F I R S T APPROPRIATION BILL I S REPORTED 31 USC 1328. SEC. 307. Prior to reporting the first regular appropriation bill for each fiscal year, the Committee on Appropriations of the House of Representatives shall, to the extent practicable, complete subcommittee markup and full committee action on all regular appropriation bills for that year and submit to the House a summary report compar- g^^'^^g^t^^^" ing the committee's recommendations with the appropriate levels of House. budget outlays and new budget authority as set forth in the most recently agreed to concurrent resolution on the budget for that year. REPORTS, S U M M A R I E S, A N D P R O J E C T I O N S OF CONGRESSIONAL BUDGET ACTIONS SEC. 308. (a) REPORTS ON LEGISLATION PROVIDING N E W BUDGET AUTHORITY OR TAX EXPENDITURES.—Whenever a committee of either

House reports a bill or resolution to its House providing new budget authority (other than continuing appropriations) or new or increased tax expenditures for a fiscal year, the report accompanying that bill or resolution shall contain a statement, prepared after consultation with the Director of the Congressional Budget Office, detailing— (1) in the case of a bill or resolution providing new budget authority— (A) how the new budget authority provided in that bill or resolution compares with the new budget authority set forth in the most recently agreed to concurrent resolution on the budget for such fiscal year and the reports submitted under section 302; (B) a projection for the period of 5 fiscal years beginning with such fiscal year of budget outlays, associated with the budget authority provided in that bill or resolution, in each fiscal year in such period: and (C) the new budget authority, and budget outlays resulting therefrom, provided by that bill or resolution for financial assistance to State and local governments; and (2) in the case of a bill or resolution providing new or increased tax expenditures— (A) how the new or increased tax expenditures provided in that bill or resolution will affect the levels of tax expenditures under existing law as set forth in the report accompanying the first concurrent resolution on the budget for such fiscal year, or, if a report accompanying a subsequently agreed to concurrent resolution for such year sets forth such levels, then as set forth in that report; and (B) a projection for the period of 5 fiscal years beginning with such fiscal year of the tax expenditures which will result from that bill or resolution in each fiscal year in such period.

^^ "^c 1329.

contents.

�