Fiscal Honesty and Accountability Act of 2005

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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

D CooperSponsor

32 cosponsors · 32 D

25 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

Fiscal Honesty and Accountability Act of 2005 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to extend pay-as-you-go requirements through FY 2010.

What it does: CRS summary · Introduced in House · Feb 17, 2005

Fiscal Honesty and Accountability Act of 2005 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to extend pay-as-you-go requirements through FY 2010.

Extends through FY 2009 the spending limits (spending caps) for the discretionary categories in new budget authority and outlays.

Amends the Congressional Budget and Impoundment Control Act of 1974 to address issues of emergency spending by requiring: (1) Committee on the Budget guidelines; (2) a separate House vote on an emergency designation; and (3) detailed reserve funds for emergencies in the President's budget request to Congress. Prescribes a procedure for adjustments in committee allocations resulting from such spending in joint budget resolutions.

Amends the Congressional Budget Act of 1974 to prohibit floor amendments to amendments reported by the Committee on the Budget (or from the consideration of which the Committee has been discharged) with respect to legislation for emergency reserve funds for certain military operations.

Prohibits consideration of an amendment to a joint budget resolution which changes the amount of budget authority and outlays set forth in the Congressional Budget Act of 1974 for the emergency reserve fund.

Requires reports on legislation which provide new budget, spending, or credit authority, or otherwise provide an increase or decrease in revenues or tax expenditures, to include a Congressional Budget Office (CBO) projection of the cost of debt servicing (interest).

Amends the Congressional Budget Act of 1974 concerning: (1) CBO cost analysis (scoring) for conference reports; (2) legislation which evades specified budget enforcement mechanisms; and (3) legislation which is unreported by committee (for purposes of budget point of order rules).

Amends the Rules of the House of Representatives concerning: (1) budget compliance statements (permitting inclusion of budgetary implications); (2) requirements for budget act waivers (inclusion mandatory for bill consideration); and (3) a separate vote to waive a major budget act point of order.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Fiscal Honesty and Accountability Act of 2005

Latest action (Feb 17, 2005): Referred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Policy area: Economics and Public Finance · Origin: House · Introduced: Feb 17, 2005

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.