United States Congress
Balanced Budget and Accounting Act
March 13, 2024
Summary
H.R. 7656 would amend 31 U.S.C. § 1105(a) to require the President's annual budget submission to be a balanced budget, with total outlays not exceeding total receipts for the applicable fiscal year. The bill is a federal budget-process measure and does not address mortgage lending, servicing, or any consumer-financial regulation.
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Source: https://www.congress.gov/bill/118th-congress/hr-bill/7656
Common questions
- What does "Balanced Budget and Accounting Act" cover?
- H.R. 7656 would amend 31 U.S.C. § 1105(a) to require the President's annual budget submission to be a balanced budget, with total outlays not exceeding…
- Which agency issued this update?
- This update was issued by United States Congress.
- When was it published?
- It was published on March 13, 2024.