H.R. 3358: Family Budget Protection Act of 2003

108th Congress · introduced 2003-10-21 · Economics and Public Finance · Latest: House Committee on The Budget Granted an extension for further consideration ending not later than Dec. 10, 2004.

federal

Follow this bill, step by step

Where it came from: introduced 2003-10-21 · official record
Who proposed it: Rep. Hensarling, Jeb [R-TX-5] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: House Committee on The Budget Granted an extension for further consideration ending not later than Dec. 10, 2004. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Family Budget Protection Act of 2003

Plain summary

Family Budget Protection Act of 2003 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to require, within 15 days after the end of each congressional session, a sequestration to eliminate any deficit that exceeds the excess margin (maximum permissible deficit). Requires half of the required outlay reductions to come from non-exempt defense accounts and half to come from non-exempt non-defense accounts. Provides decreasing maximum deficit amounts for FY 2005 and thereafter, with a zero balance for FY 2012 and beyond. Requires adjustment of the maximum deficit in the event of negative Federal revenue growth. Provides discretionary spending limits for FY 2005 through 2013. Repeals the Gramm-Rudman-Hollings Act expiration date. Directs the Chairman of the House Budget Committee to maintain the Family Budget Protection Discretionary Account, to be debited and credited by new budget increases and reductions. Provides spending caps on the growth of entitlements and mandatory budget outlays. Excludes benefits payable under title II (Old Age, Survivors and Disability Insurance) of the Social Security Act and Tier 1 railroad retirement benefits from required reductions under the Gramm-Rudman-Hollings Act, along with specified Government accounts and activities. Provides other exceptions, limitations, and special rules with respect to sequestration exemptions. Directs the Chairman to maintain the Family Budget Protection Mandatory Account, to be debited and credited by increases or decreases in mandatory budget authority. Freezes at current levels spending authority for each unearned entitlement, high-cost discretionary spending program and authorized and unauthorized discretionary spending programs. Requires: (1) joint (currently, concurrent) and biennial (currently, annual) budget resolutions; (2) biennial appropriations Acts; and (3) biennial Government strategic and performance plans. Requires the appropriation of funds out of any available Treasury amounts to continue in a new fiscal year any previously-authorized Government project or activity in the event that a regular appropriations bill does not become law by the beginning of that fiscal year.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Family Budget Protection Act of 2003

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Hensarling, Jeb [R-TX-5] · 39 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Mario Diaz-Balart (R-FL), John R. Carter (R-TX), Tom Cole (R-OK), Pete Sessions (R-TX), Joe Wilson (R-SC), Michael R. Turner (R-OH)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (8)

Appropriation: Money a legislature sets aside by law for a specific purpose. Government agencies may spend public money only as it has been appropriated.
Authorization: A law that creates or continues a government program and says what it may do, often with a suggested spending ceiling. An authorization alone does not provide money; a separate appropriation does.
Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Exemption: A rule that removes certain people, property or activities from a tax or requirement.
Fiscal year: The 12-month period a government uses for its budget. The federal fiscal year runs from October 1 to September 30 and is named for the calendar year in which it ends. Most states use July 1 to June 30.
Resolution: A formal statement or decision by a legislative body. Simple resolutions often only express an opinion or set rules for one chamber; they do not become law.
Rulemaking: The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.
Securities: Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-108hr3358.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/108/hr>

Record fed-us-cong108-hr3358 · catalog fed-us-congress-bills-cong108 · updated 2026-11-15 by psicol fed-bills-cong108