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Public Law 92-599
October 27, 1972
86 STAT. 1324
To proride for a temporary increase in the public debt limit and to place a
limitation on expenditures and net lending for the fiscal year ending June 30,
Be it enacted by the Senate and House of Representatives of the l'nited States of America in Congress assembled,
Public debt limit. Temporary increase.
TITLE I-TEMPORARY INCREASE IN THE
PUBLIC DEBT LIMIT
Sec. 101. During the period beginning on November 1, 1972, and ending on June 30, 1973, the public debt limit set forth in the first sentence of section 21 of the Second Liberty Bond Act (31 U.S.C. 757b) Ante, p. 63. shall be temporarily increased by $65,000,000,000.
TITLE II-LIMITATION ON EXPENDITURES AND NET
LENDING FOR FISCAL 1973
Sec. 201. (a) Expenditures and net lending during the fiscal year
(b) The provisions of this title shall cease to apply on the day after
(1) the amount of expenditures is limited pursuant to subsection
(2) the allocation, grant, apportionment, or other distribution
wise made available for distribution,
TITLE III-JOINT COMMITTEE TO REVIEW OPERATION
Sec. 301. (a) There is hereby established a joint committee com- Establishment; posed of thirty-two members appointed as follows:
membership. (1) seven members from the Committee on Ways and Means of the House of Representatives, appointed by the Speaker of the House;
(2) seven members from the Committee on Appropriations of the House of Representatives, appointed by the Speaker of the House;
(3) two additional Members of the House of Representatives, one from the majority party, and one from the minority party, appointed by the Speaker of the House;
(4) seven members of the Committee on Finance of the Senate, appointed by the President pro of the Senate;
86 STAT. 1325
Study and review.
(5) seren members of the Committee on Appropriations of the Senate, appointed by the President pro tempore of the Senate; and
(6) two additional Members of the Senate, one from the majority party, and one from the minority party, appointed by the
President pro tempore of the Senate. No person appointed by reason of his membership on any of the committees referred to in paragraphs (1), (2), (4), and (5) shall continue to serve as a member of the joint committee after he has ceased to be a member of that committee from which he was chosen, except that the members chosen from the Committee on Appropriations and the Committee on Ways and Means of the House of Representatives who have been reelected to the House of Representatives may continue to serve as members of the joint committee notwithstanding the expiration of the Congress. A vacancy in the joint committee shall not affect the power of the remaining members to execute the functions of the joint committee, and shall be filled in the same manner as the original selection.
(b) The joint committee created by subsection (a) shall make a full study and review of
(1) the procedures which should be adopted by the Congress for the purpose of improving congressional control of budgetary outlay and receipt totals, including procedures for establishing and maintaining an overall view of each year's budgetary outlays which is fully coordinated with an overals view of the anticipated revenues for that year, and
(2) the operation of the limitation on expenditures and net lending imposed by section 201 of this Act for the fiscal year
ending June 30, 1973. The joint committee shall report the results of such study and review to the Speaker of the House of Representatives and to the President pro tempore of the Senate, not later than February 15, 1973.
(c)(1) The chairman of the joint committee shall be selected by the members of the joint committee.
(2) The joint committee is authorized to appoint such staff, and to request such assistance from the existing staffs of the Congress, as may be necessary to carry out the purposes of this section.
(d) The expenses of the joint committee, which shall not exceed $100,000 through February 28, 1973, shall be paid from the contingent fund of the Senate upon vouchers approved by the chairman of the joint committee.
(e) The joint committee shall cease to exist at the close of the first session of the Ninety-third Congress.
Sec. 302. For purposes of paragraph 6 of rule XXV of the Standing Rules of the Senate, service of a Senator as a member of the joint committee, or as chairman of the joint committee, shall not be taken into account.
TITLE IV-FEDERAL IMPOUNDMENT INFORMATION
Citation of title.
Sec. 101. This title may be cited as the “Federal Impoundment and Information Act".
AMENDMENT OF THE BUDGET AND ACCOUNTING PROCEDURES ACT OF 1950
64 Stat. 838. 31 USC 581b.
Sec. 402. Title II of the Budget and Accounting Procedures Act of 1950 is amended by adding at the end thereof the following new section:
86 STAT. 1326
"REPORTS ON IMPOUNDED FUNDS
“Sec. 203. (a) If any funds are appropriated and then partially Presidential or completely impounded, the President shall promptly transmit to report to the Congress and to the Comptroller General of the United States Congress, a report containing the following information:
“(1) the amount of the funds impounded;
“(2) the date on which the funds were ordered to be impounded;
- (3) the date the funds were impounded; “(4) any department or establishment of the Government to which such impounded funds would have been available for obligation except for such impoundment;
"15) the period of time during which the funds are to be impounded;
**(6) the reasons for the impoundment; and
“7) to the maximum extent practicable, the estimated fiscal, economic, and budgetary effect of the impoundment. “(b) If any information contained in a report transmitted under subsection (a) is subsequently revised, the President shall promptly transmit to the Congress and the Comptroller General a supplementary report stating and explaining each such revision.
"(c) Any report or supplementary report transmitted under this Publication in section shall be printed in the first issue of the Federal Register pub- Federal Register. lished after that report or supplementary report is so transmitted."
TITLE V-MISCELLANEOUS PROVISIONS
AMENDMENT TO FEDERAL-STATE EXTENDED UNEMPLOYMENT
COMPENSATION ACT OF 1970
Sec. 501. Section 203(e) (2) of the Federal-State Extended Unemployment Compensation Act of 1970 is amended by adding at the 84 Stat. 709. end thereof the following new sentence: “Effective with respect to 26. USC 3304 compensation for weeks of unemployment beginning before July 1, notes. 1973, and beginning after the date of the enactment of this sentence (or, if later, the date established pursuant to State law), the State may by law provide that the determination of whether there has been a State 'off' indicator ending any extended benefit period shall be made under this subsection as if paragraph (1) did not contain subparagraph (1) thereof."
Approved October 27, 1972.
D. Congressional Budget and Impoundment Control Act of 1974
(88 Stat. 297) This act was the result of the enactment of H.R. 7130, 93d Congress. It was approved on July 12, 1974, as Public Law 344, 93d Congress. The text of the act appears in volume 88, Statutes at Large, page 297. Its provisions are codified as 1 U.S.C. 105, 2 U.S.C. 66, 81, 190a-1, 190a-3, 190b(b) 190 (d) (a), 601 to 603, and 31 U.S.C. 11 (a) to 11(i), 571, 581c-1, 665(c)(2), 701 (a) (1), 701(b), 1020, 1020a, 1151 to 1154, 1301 to 1303, 1321 to 1332, 1351 to 1353 and 1401 to 1407.
LEGISLATIVE HISTORY OF PUBLIC LAW 344, 93D CONGRESS
1. CONGRESSIONAL RECORD REFERENCE TO DEBATES, ETC.
(Page citations are to vol. 119, Daily Congressional Record) H.R. 7130: To amend the Rules of the House of Representatives and the Senate to improve congressional control over budgetary outlay and receipt totals, to provide for a Legislative Budget Director and Staff, and for other purposes. Mr. Ullman, Mr. Whitten, Mr. Schneebeli, Mr. Reuss, Mr. Broyhill of North Carolina, Mr. Mahon, Mr. Burke of Massachussetts, Mr. Rooney of New York, Mrs. Griffiths, Mr. Sikes, Mr. Rostenkowski, Mr. Cederberg, Mr. Collier, Mr. Rhodes, Mr. Broyhill of Virginia, and Mr. Davis of Wisconsin; Committee on Rules, H2976.
Made special order H. Res. 715, H10153. Reported (H. Rept. 93– 658), with amendment, H10153. Debated, H10574, H10641, H10671. Passed House, title amendment, H10720. Ordered held at desk, S22133. Ordered placed on the calendar, S22259.
(Page citations are to vol. 120, Daily Congressional Record) Amended and passed Senate. Title amended, S4319. Senate insisted on its amendments and asked for a conference. Conferees appointed, S4320. House disagreed to Senate amendments and agreed to a conference. Conferees appointed, H2125. Conference report (H. Rept. 931101) submitted in House, and agreed to, H4979, H5180, H5207. Made special order (H. Res. 1171), H5091. Conference report (S. Rept. 93– 924) submitted in Senate, S10448, and agreed to, S10448, S11221, S11257. Examined and signed, H6294, S11998. Presented to the President, H6387. Approved [Public Law 93–344], H6625.
(Page citations are to vol. 119, Daily Congressional Record) S. 1541: To provide for the reform of congressional procedures with respect to the enactment of fiscal measures; to provide ceilings on Federal expenditures and the national debt; to create a budget committee in each House; to create a congressional office of the budget; and for other purposes.
Mr. Ervin, Mr. Metcalf, Mr. Percy, Mr. Nunn, Mr. Brock, and Mr. Cranston; Committee on Government Operations, S7067, S7780, S8352, S15269, S20780, S20874, S20924. Reported with amendment (no written report), S20866. Reported (S. Rept. 93–579), 12-232. Referred to Committee on Rules and Administration, S21581. Referred to Committee on Rules and Administration to be reported back to Senate not later than February 1, 1974, S22259.
(Page citations are to vol. 120, Daily Congressional Record) From Committee on Rules and Administration. Reported with amendment (S. Rept. 93–688), S1950. Cosponsors added, S1983, S3767, S4150. Debated, S3727, S3831, S3851, $3868, S3991, S4017, S4040, S4055, S4060, S4075, S4085, S4087, S4088, S4093, S4215, S4281, S4296. Ordered placed on the calendar under “Subjects on the Table," S4320.
2. SERIAL NUMBERS TO BOUND VOLUMES OF CONGRESSIONAL REPORTS TO
PUBLIC LAW 344, 93D CONGRESS
House Report 93-658,
3. CONGRESSIONAL HEARINGS RELATING TO PUBLIC LAW 344, 93D CONGRESS
Senate Committee on Government Operations, Subcommittee on Budgeting, Management, and Expenditures, 93d Congress. Bills to improve congressional control of the Budget. April 2, 9, 11, 12 and May 1, 7, 9, 1973.