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Each law
passed by the Congress shall have the following characteristics:
1. An expiration date of not more than ten years in the future shall be included in the legislation
2. Regardless of the expiration date, at time of passage the anticipated lifetime financial impact of the law shall become a firm budget commitment for future budgets unless or until the legislation and associated financial commitments are subsequently repealed
3. All costs associated with the law shall be borne by the nation rather than States, local governments, or individuals
1. An expiration date of not more than ten years in the future shall be included in the legislation
2. Regardless of the expiration date, at time of passage the anticipated lifetime financial impact of the law shall become a firm budget commitment for future budgets unless or until the legislation and associated financial commitments are subsequently repealed
3. All costs associated with the law shall be borne by the nation rather than States, local governments, or individuals
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