,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #dgf  ,,in ,,the ,,house ,,of   
,,representatives  ,february #d1 #bjac  
,mr4 ,gingrey of ,georgia 7for himself  
and ,mr4 ,conaway7 introduced the       
following bill2 which was referred to   
the ,committee on the ,budget  ,a ,,bill
  ,to amend title #ca1 ,united ,states  
,code1 to require the ,president to     
submit with the budget an estimate of   
the deficit using generally accepted    
accounting principles1 and to amend the 
,congressional ,budget ,act of #aigd to 
require the ,congressional ,budget      
,office to submit the same with its     
report to the ,committees on the ,budget
 of the ,house of ,representatives and  
the ,senate4  #a4 ,short title ,this    
,act may be cited as the ,generally     
,accepted ,accounting ,principles ,act  
or the ,,gaap ,act4  #b4 ,budget deficit
 calculation using generally accepted   
accounting principles  7a7 ,in general  
,section #aaje7;a7 of title #ca1 ,united
 ,states ,code1 is amended--  7#a7 by   

redesignating the second paragraph 7#cg7
 7relating to a list of plans and       
reports for elimination or              
consolidation7 as paragraph 7#ci72 and  
7#b7 by adding at the end the following 
new paragraph3  7#dj7 an estimate of the
 deficit or surplus for the fiscal year 
for which the budget is submitted1      
prepared using generally accepted       
accounting principles4  4  7b7          
,effective date ,the requirement added  
by subsection 7a7 shall take effect     
beginning with the budget submission    
made by the ,president in #bjae4  #c4   
,congressional ,budget ,office report to
 the ,committees on the ,budget of the  
,house of ,representatives and the      
,senate  7a7 ,in general ,section       
#bjb7;e77#a77;,a7 of the ,congressional 
,budget ,act of #aigd 7#b ,u4,s4,c4     
#fjb7;e77#a77;,a77 is amended by        
inserting prepared using both cash basis
 accounting and generally accepted      
accounting principles after 7including  
related surpluses and deficits4  7b7    

,effective date ,the requirement added  
by subsection 7a7 shall take effect     
beginning with the report that the      
,director of the ,congressional ,budget 
,office submits in #bjae4