/  H.R. 3581 - Budget and Accounting Transparency Act of 2012

H.R. 3581 - Budget and Accounting Transparency Act of 2012

Bill Text

  • Text of H.R. 3581 PDF

    Budget and Accounting Transparency Act of 2012 (Rules Committee Print 112-13, showing the text of the bill as reported by the Committee on the Budget)

  • H. Rept. 112-380, Part 1 PDF XML

    Report from the Committee on the Budget

Rule Information

 

COMMITTEE ACTION:
REPORTED BY RECORD VOTE of 6-3 on Monday, February 6, 2012.

FLOOR ACTION ON H. RES. 539: 
Adopted by record vote of 239-181 on February 7, 2012.  

MANAGERS: Woodall/McGovern

1. Structured rule.

2. Provides one hour of general debate equally divided and controlled by the chair and ranking minority member of the Committee on the Budget.

3. Waives all points of order against consideration of the bill.

4. Makes in order as original text for the purpose of amendment the amendment in the nature of a substitute consisting of the text of Rules Committee Print 112-13, and provides that it shall be considered as read.

5. Waives all points of order against the amendment in the nature of a substitute made in order as original text.

6. Makes in order only those amendments printed in the Rules Committee report accompanying the resolution.  Each such amendment may be offered only in the order printed in the report, may be offered only by a Member designated in the report, shall be considered as read, shall be debatable for the time specified in the report equally divided and controlled by the proponent and an opponent, shall not be subject to amendment, and shall not be subject to a demand for division of the question in the House or in the Committee of the Whole. 

7. Waives all points of order against the amendments printed in the Rules Committee report.

8. Provides one motion to recommit with or without instructions.

 

 

 

 

       

 

 

 

 

 

Amendments

#Version #Sponsor(s)PartySummaryStatus
1Version 1Dold (IL), Quigley (IL)Bi-PartisanWithdrawn Would require each federal agency to prepare and make public three quarterly financial statements and one year-end annual consolidated financial statement using accrual-basis GAAP accounting standards. Also would require the GAO to audit such statements and publish them on a GAO-created website. Withdrawn
2Version 1Dold (IL), Quigley (IL)Bi-PartisanWould require the OMB Director to prepare all budgets submitted to the President according to both accrual-basis and cash-basis GAAP accounting standards.Made In Order
3Version 1Jackson Lee (TX)DemocratWould shorten from one year to six months after enactment the requirement that CBO and OMB to report to Congress on the feasibility of applying fair value concepts to budgeting for the costs of Federal insurance programs. Made In Order
4Version 1Jackson Lee (TX)DemocratWould establish a reporting requirement for Congressional committees to include in their reports a CRS analysis of whether a bill establishes a duplicative or overlapping program. Would create a point of order against consideration of any bill unless the committee has posted the CRS report on its website. Submitted
5Version 1Tonko (NY)DemocratLate Would establish a Commission of budgeting and accounting experts to provide recommendations to Congress regarding the best measure to accurately account for the costs of Federal credit programs. Would allow the Commission to delay and or supersede the provisions of the bill. Made In Order