H.R.476: GAAP Act

About This Bill

  • This bill was introduced in the 113th Congress
  • This bill is primarily about economics and public finance
  • Introduced Feb. 4, 2013
  • Latest Major Action Feb. 4, 2013

Bill Sponsor

Bill Cosponsors

2 (All Republicans)

Bill Summary

Generally Accepted Accounting Principles Act or GAAP Act - Requires the President's budget submission to include an estimate of the deficit or surplus for the fiscal year concerned, prepared using generally accepted accounting principles. Amends the Congressional Budget Act of 1974 to require the alternative levels of total revenues, total new budget authority, and total outlays (including related surpluses and deficits) covered by the annual...

(Source: Library of Congress)

Bill Actions

Date Description
Feb. 4, 2013
Referred to the House Committee on the Budget.
Feb. 4, 2013

Introduced in the House by Phil Gingrey (R-Ga.)

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