H.R. 2116 would amend the Balanced Budget and Emergency Deficit Control Act of 1985 and the Congressional Budget Act of 1974 to extend the discretionary spending caps and the pay-as-you-go requirement.

== Detailed Summary ==

<summary>
(LogFiscal Honesty and Accountability Act of 2009 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to extend Pay-As-You-Go (PAYGO) requirements through FY2014 and enforcement mechanisms through FY2018.

Requires the Directors of the Congressional Budget Office (CBO) and of the Office of Management and Budget (OMB) each to report to the House Committee on the Budget on how to broaden the PAYGO sequestration base and make it more fair and equitable.

Extends through FY2013 the spending limits (spending caps) for the discretionary categories in new budget authority and outlays.

Amends the Congressional Budget and Impoundment Control Act of 1974 to editaddress issues of emergency spending by requiring: (1) Committee on the wikiBudget guidelines; (2) a separate House vote on an emergency designation; and be(3) detailed reserve funds for emergencies in the firstPresident's budget request to Congress. Prescribes a procedure for adjustments in committee allocations resulting from such spending in joint budget resolutions.

Amends the Congressional Budget Act of 1974 (CBA) to prohibit floor amendments to amendments reported by the Committee on the Budget (or from the consideration of which the Committee has been discharged) with respect to legislation for emergency reserve funds for certain military operations.

Prohibits consideration of an amendment to a joint budget resolution which changes the amount of budget authority and outlays set forth in the CBA for the emergency reserve fund.

Requires reports on legislation which provide new budget, spending, or credit authority, or otherwise provide an increase or decrease in revenues or tax expenditures, to include a detailed summaryCBO projection of the bill!)cost of debt servicing (interest).

Amends the CBA concerning: (1) CBO cost analysis (scoring) for conference reports; (2) legislation which evades specified budget enforcement mechanisms; and (3) legislation which is unreported by committee (for purposes of budget point of order rules).

Amends the Rules of the House of Representatives concerning: (1) budget compliance statements (permitting inclusion of budgetary implications); (2) requirements for budget act waivers (inclusion mandatory for bill consideration); and (3) a separate vote to waive a major budget act point of order.
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== Status of the Legislation ==

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(Log inLatest Major Action: 4/27/2009: Referred to House committee. Status: Referred to edit the wikiCommittee on the Budget, and bein addition to the firstCommittee on Rules, for a period to updatebe subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the statusjurisdiction of the bill!)committee concerned.
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== Points in Favor ==

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== Points Against ==

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