Summary

Creates a new “legislative line item veto” process by rewriting parts of the Congressional Budget and Impoundment Control Act. The President could send Congress special messages proposing to cancel specific items of enacted spending, and Congress would decide whether to approve those cancellations. It updates budget law cross‑references and requires the Congressional Budget Office to estimate savings when proposed cancellations affect direct (mandatory) spending. It also states Congress’s view that the President and executive officials must not link proposed cancellations to how Members vote on legislation. The changes take effect upon enactment.

Key Points

• Creates a new process for the President to propose cancelling specific items of enacted spending.
• Congress must affirmatively approve any proposed cancellation for it to take effect.
• Rewrites parts of Title X to replace prior rescission/deferral procedures.
• Requires CBO to estimate savings for proposed cancellations of direct (mandatory) spending.
• Includes a congressional statement discouraging executive pressure tied to Members’ votes.
• Makes technical and clerical updates to budget law references and procedures.
• Takes effect upon enactment.
• Does not make tax changes or appropriate funds on its own.

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