To amend the Congressional Budget and Impoundment Control Act of 1974 to provide for the expedited consideration of certain proposed rescissions of budget authority and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill amends Title X of the Congressional Budget and Impoundment Control Act of 1974 by replacing parts B and C with a new Legislative Line-Item Veto framework. This is the enacting vehicle that inserts the new sections, establishes the President's authority to propose cancellation of discretionary budget authority, direct spending items, or targeted tax benefits within 30 days of bill enactment, and establishes expedited congressional procedures for considering presidential cancellation proposals. It relies on definition changes, reporting requirements, compliance mandates, and exemptions. The main policy areas are Government Operations, Federal Budget, Taxation, and Congressional Procedure.
Who Benefits and How
The available clause analysis does not identify a specific beneficiary group.
Who Bears the Burden and How
No clear private burden is identified from the available clause analysis; implementing agencies may still take on administrative work.
Key Provisions
- Amends Title X of the Congressional Budget and Impoundment Control Act of 1974 by replacing parts B and C with a new Legislative Line-Item Veto framework. This is the enacting vehicle that inserts the new sections...
- Establishes the President's authority to propose cancellation of discretionary budget authority, direct spending items, or targeted tax benefits within 30 days of bill enactment.
- Establishes expedited congressional procedures for considering presidential cancellation proposals.
- Exempts grants the President temporary authority to defer discretionary budget authority, suspend direct spending, and suspend targeted tax benefits for up to 30 days while Congress considers cancellation proposals.
- Requires the chairs of Ways and Means and Finance committees to jointly identify targeted tax benefits in revenue or reconciliation conference reports.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for primary purpose and policy domains.
At a Glance
What This Bill Does
The bill amends Title X of the Congressional Budget and Impoundment Control Act of 1974 by replacing parts B and C with a new Legislative Line-Item Veto framework. This is the enacting vehicle that inserts the new sections, establishes the President's authority to propose cancellation of discretionary budget authority, direct spending items, or targeted tax benefits within 30 days of bill enactment, and establishes expedited congressional procedures for considering presidential cancellation proposals.
Key Policy Areas
Government Operations, Federal Budget, Taxation, Congressional Procedure
Primary Purpose
The bill amends Title X of the Congressional Budget and Impoundment Control Act of 1974 by replacing parts B and C with a new Legislative Line-Item Veto framework. This is the enacting vehicle that inserts the new sections, establishes the President's authority to propose cancellation of discretionary budget authority, direct spending items, or targeted tax benefits within 30 days of bill enactment, and establishes expedited congressional procedures for considering presidential cancellation proposals.
Policy Domains
Sponsors
Legislative Progress
IntroducedMr. Burchett introduced the following bill; which was referred to …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "cbo"
- → Director of the Congressional Budget Office
- "omb"
- → Director of the Office of Management and Budget
- "the_chairmen"
- → Chairman of the Committee on Ways and Means (House) and Chairman of the Committee on Finance (Senate), acting jointly
- "the_president"
- → President of the United States
- "the_comptroller_general"
- → Comptroller General of the United States
Key Definitions
Terms defined in this bill
Section 1017 defines 11 terms including: 'approval bill' (a bill that only approves presidential cancellation proposals in prescribed format), 'cancel/cancellation' (preventing budget authority or tax benefit from having legal force), 'direct spending' (budget authority other than appropriations, entitlement authority, and SNAP), 'dollar amount of discretionary budget authority' (amount specified in appropriation law or related documents), 'item of direct spending' (provision increasing budget authority/outlays relative to baseline), and 'targeted tax benefit' (revenue-losing provision benefiting only one beneficiary under IRC).
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology