Vote to adopt a conference report that allows the President to use a line item veto to strike portions of legislation without vetoing the entire bill.
Authorizes the President to cancel any item of new direct spending or limited tax benefit signed into law, as long as he or she determines that canceling the item will reduce the Federal budget deficit without harming the national interest.
Requires the President to submit a special message to Congress within 5 days of receiving the legislation, identifying the amounts, items, and benefits struck from the legislation.
Provides Congress with 30 days to either decide to accept the President's decision or create a disapproval bill to pass the provisions again by a majority vote, the disapproval bill is still subject to Presidential veto which could then be overruled by a 2/3 majority.
NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.
NOTE: THIS VOTE PASSED BY UNANIMOUS CONSENT, MEANING NO MEMBER OBJECTED TO THE PASSAGE OF THE VOTE. THIS DOES NOT NECESSARILY INDICATE THAT ALL MEMBERS FAVORED THE VOTE'S OUTCOME.