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HR 6128 - 97

A bill to revise, codify, and enact without substantive change certain general and permanent laws, related to money and finance, as title 31, United States Code, "Money and Finance".

Became Public Law No: 97-258.

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Finance and banking
2 evidence matches
Impact 99% Confidence 90%

Finance and Financial Sector

bill to revise, codify, and enact without substantive change certain general and permanent laws, related to money and finance, as title 31, United States Code, "Money and Finance". Became Public Law No: 97-258. Finance and Financial Sector

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Summary

36 Passed House amended May 1, 2004

(Measure passed House, amended) Amends in its entirety title 31 of the United States Code, Money and Finance. Subdivides such title into the following subtitles: (1) general; (2) the budget process; (3) financial management; (4) money; (5) general assistance administration; and (6) miscellaneous. Subtitle I: General - Sets forth the organization and administrative functions of the Department of the Treasury, the Office of Management and Budget, and the General Accounting Office. Subtitle II: The Budget Process - Sets forth provisions with respect to: (1) the budget and fiscal, budget, and program information; (2) appropriations; and (3) appropriation accounting. Subtitle III: Financial Management - Limits the face amount of obligations issued under this title and the face amount of obligations whose principal and interest are guaranteed by the United States government (except obligations held by the Secretary of the Treasury) to a specified amount. Sets forth provisions concerning the payment of obligations and interest on the public debt. Sets forth the general duties of the Secretary of the Treasury with respect to deposits and depositories. Declares that only officers and employees of the Department of the Treasury designated by the Secretary of the Treasury as disbursing officials may disburse public money available for spending by an executive agency. Sets forth other general provisions with respect to depositing, keeping, and paying money. Directs the Comptroller General to prescribe the account principles, standards, and requirements that the head of each executive agency shall observe. Requires each account of an agency to be audited administratively before being submitted to the Comptroller General. Provides for a general audit of each Federal agency by the Comptroller General. Sets forth the authority of the Comptroller General to settle claims of or against the United States government. Subtitle IV: Money - Sets forth provisions concerning: (1) the monetary system of the United States; and (2) general authority concerning the minting and issuing of coins, medals, and numismatic items. Sets forth the organization and administrative functions of the Bureau of the Mint. Provides for the operation of the Bureau of Engraving and Printing. Requires the Department of the Treasury to have a Bureau of Engraving and Printing Fund. Sets forth provisions concerning: (1) the conversion of currency of foreign countries; (2) the value of United States money holdings in international institutions; (3) counterfeit currency; (4) State taxation; and (5) engraved plates of portraits of deceased members of Congress. Sets forth restrictions and regulations concerning credit and monetary expansion and specified reports required on monetary instruments transactions. Subtitle V: General Assistance Administration - Requires the Director of the Office of Management and Budget to prepare and maintain information on domestic assistance programs. Sets forth procedures for the use of procurement contracts, grant agreements, and cooperative agreements. Provides for intergovernmental cooperation in administering grant programs. Sets forth the qualifications to be met in order for a State or local government to be eligible for revenue sharing funds. Sets forth provisions concerning payment for entitlement land. Subtitle VI: Miscellaneous - Sets forth provisions concerning the establishment and acquisition of government corporations and congressional action on the budgets of wholly owned government corporations. Permits the use of government obligations instead of surety bonds. Sets forth the authority and revocation of authority of surety corporations. Requires the complete disclosure of the financial condition of government pension plans. Provides for the allocation of net revenue from the windfall profit tax.

00 Introduced in House May 1, 2004

Amends in its entirety title 31 of the United States Code, Money and Finance. Subdivides such title into the following subtitles: (1) general; (2) the budget process; (3) financial management; (4) money; (5) general assistance administration; and (6) miscellaneous. Subtitle I: General - Sets forth the organization and administrative functions of the Department of the Treasury, the Office of Management and Budget, and the General Accounting Office. Subtitle II: The Budget Process - Sets forth provisions with respect to: (1) the budget and fiscal, budget, and program information; (2) appropriations; and (3) appropriation accounting. Subtitle III: Financial Management - Limits the face amount of obligations issued under this title and the face amount of obligations whose principal and interest are guaranteed by the United States government (except obligations held by the Secretary of the Treasury) to a specified amount. Sets forth provisions concerning the payment of obligations and interest on the public debt. Sets forth the general duties of the Secretary of the Treasury with respect to deposits and depositories. Declares that only officers and employees of the Department of the Treasury designated by the Secretary of the Treasury as disbursing officials may disburse public money available for spending by an executive agency. Sets forth other general provisions with respect to depositing, keeping, and paying money. Directs the Comptroller General to prescribe the account principles, standards, and requirements that the head of each executive agency shall observe. Requires each account of an agency to be audited administratively before being submitted to the Comptroller General. Provides for a general audit of each Federal agency by the Comptroller General. Sets forth the authority of the Comptroller General to settle claims of or against the United States government. Subtitle IV: Money - Sets forth provisions concerning: (1) the monetary system of the United States; and (2) general authority concerning the minting and issuing of coins, medals, and numismatic items. Sets forth the organization and administrative functions of the Bureau of the Mint. Provides for the operation of the Bureau of Engraving and Printing. Requires the Department of the Treasury to have a Bureau of Engraving and Printing Fund. Sets forth provisions concerning: (1) the conversion of currency of foreign countries; (2) the value of United States money holdings in international institutions; (3) counterfeit currency; (4) State taxation; and (5) engraved plates of portraits of deceased members of Congress. Sets forth restrictions and regulations concerning credit and monetary expansion and specified reports required on monetary instruments transactions. Subtitle V: General Assistance Administration - Requires the Director of the Office of Management and Budget to prepare and maintain information on domestic assistance programs. Sets forth procedures for the use of procurement contracts, grant agreements, and cooperative agreements. Provides for intergovernmental cooperation in administering grant programs. Sets forth the qualifications to be met in order for a State or local government to be eligible for revenue sharing funds. Sets forth provisions concerning payment for entitlement land. Subtitle VI: Miscellaneous - Sets forth provisions concerning the establishment and acquisition of government corporations and Congressional action on the budgets of wholly owned government corporations. Permits the use of government obligations instead of surety bonds. Sets forth the authority and revocation of authority of surety corporations. Requires the complete disclosure of the financial condition of government pension plans. Provides for the allocation of net revenue from the windfall profit tax.

Sponsors

Timeline

Sep 13, 1982

Signed by President.

Sep 13, 1982

Signed by President.

Sep 13, 1982

Became Public Law No: 97-258.

Sep 13, 1982

Became Public Law No: 97-258.

Sep 2, 1982

Measure Signed in Senate.

Sep 2, 1982

Presented to President.

Sep 2, 1982

Presented to President.

Aug 20, 1982

Senate Committee on Judiciary discharged by Unanimous Consent.

Aug 20, 1982

Senate Committee on Judiciary discharged by Unanimous Consent.

Aug 20, 1982

Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.

Aug 20, 1982

Passed Senate without amendment by Voice Vote.

Aug 12, 1982

Referred to the Committee on Judiciary.

Aug 11, 1982

Received in the Senate, read twice and ordered held at the desk until the close of business August 12, 1982.

Aug 9, 1982

Called up by House Under Suspension of Rules.

Aug 9, 1982

Passed/agreed to in House: Passed House (Amended) by Voice Vote.

Aug 9, 1982

Passed House (Amended) by Voice Vote.

Jul 21, 1982

Reported to House by House Committee on The Judiciary. Report No: 97-651.

Jul 21, 1982

Reported to House by House Committee on The Judiciary. Report No: 97-651.

Jul 21, 1982

Placed on Union Calendar No: 398.

Jul 20, 1982

Committee Consideration and Mark-up Session Held.

Jul 20, 1982

Ordered to be Reported.

Apr 21, 1982

Introduced in House

Apr 21, 1982

Introduced in House

Apr 21, 1982

Referred to House Committee on The Judiciary.

House Votes

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Amendments

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