; and (3) to provide for the furnishing of information that will assist the Congress in controlling growth of direct spending programs. 2. Presidents’ budget submissions (a) OMB report regarding difference between actual and estimated costs of direct spending legislation Section 1105(a) of title 31, United States Code, is amended by adding at the end the following new paragraph: (40) the most recent reports of the Director of the Office of Management and Budget under subsections (a) and (b) of section 3 of the Truth in Spending Act of 2017 regarding the difference between the actual costs and the estimated costs of direct spending legislation, including proposed legislative language, if any, in such reports. . (b) Effective date The amendment made by subsection (a) shall apply to budget submissions made by the President beginning with the submission for fiscal year 2019. 3. Long-term fiscal accountability of direct spending legislation (a) Initial five-Year report Not later than January 15, 2018, and each subsequent year, the Director of the Office of Management and Budget shall submit to the President for inclusion in his annual budget submission under section 1105(a) of title 31, United States Code, a report setting forth the following: (1) For all Acts affecting direct spending relative to the baseline enacted during the sixth calendar year before the calendar year in which this report is submitted, the total cost as estimated by the Director of the Congressional Budget Office for the then budget year and four outyears. (2) For all Acts affecting direct spending relative to the baseline enacted during the sixth calendar year before the calendar year in which this report is submitted, the actual total cost as computed by the Director of the Office of Management and Budget for the then budget year and four outyears. (3) For such 5-fiscal-year period, the net amount by which the actual cost of all such Acts exceeds the estimated cost of all such Acts, or the net amount by which the estimated cost of all such Acts