Budget Act

=AN ACT TO REPEAL THE CONGRESSIONAL BUDGET AND IMPOUNDMENT CONTROL ACT FOR THE PURPOSES OF REFORMING THE BUDGETARY PROCESS.=

June 27, 2019

Be it enacted by the Senate and the House of Representatives of WTP in Congress assembled,

Short Title. This Act may be cited as the "Budget Act."

Repeal of the Congressional Budget and Impoundment Control Act. Public Law 93-344 is hereby repealed. Any similar acts or those that conflict with this Act shall similarly be repealed. Joint Congressional Budget Committee.

(a) A Joint Congressional Budget Committee (JCBC; the Committee) shall be created serving as a joint committee of Congress;

(b) The President of the Senate shall send 2 Senators to the JCBC and the Speaker of the House of Representatives shall send 4 Representatives to the JCBC;

(c) The members of the Committee shall elect their own Chair, Vice Chair, and Ranking Member; and,

(d) The Committee shall have jurisdiction over all bills arising over appropriations or the authorizations of appropriations. They shall make relevant data to their proceedings public. Budgetary Process.

(a) Not later than 14 days after each new President takes office, the Executive Office of the President shall transfer to the Joint Congressional Budget Committee a budget request detailing all federal funds requested;

(b) After the Committee receives the report outlined in Section 4A, it shall transpose the report into legislation detailing the appropriations for which the Committee is willing to approve; and,

(c) The Committee shall vote on a draft bill, and only upon passage by a simple majority shall it be referred to the House of Representatives for a floor vote by simple majority. After passage in the House of Representatives, the Senate shall act upon the measure. Fiscal Period. Each fiscal period shall last 30 days.

Implementation. (a) Section 2 shall be implemented immediately;

(b) Section 3 shall be implemented within the seating of Congress when the next President takes Office;

(c) Sections 4 and 5 shall only apply for the next Presidency and after.