Search results
Results from the WOW.Com Content Network
On August 12, 1986, Representative Dan Rostenkowski introduced the Balanced Budget and Emergency Deficit Control Reaffirmation Act. The Senate passed the bill with two amendments by a vote of 36–35, and the House approved the Senate's first amendment by voice vote but rejected the second amendment.
Legislative changes in the budget process may take the form of freestanding bills or joint resolutions (e.g., the Line Item Veto Act), or may be incorporated into other budgetary legislation, such as acts raising the debt limit (e.g., the Balanced Budget and Emergency Deficit Control Act of 1985, also referred to as the Gramm-Rudman-Hollings ...
The act has been amended several times, including provisions in the Balanced Budget and Emergency Deficit Control Act of 1985, the Budget Enforcement Act of 1990, and the Balanced Budget Act of 1997. The original 1974 legislation, however, remains the basic blueprint for budget procedures today.
What links here; Related changes; Upload file; Special pages; Permanent link; Page information; Cite this page; Get shortened URL; Download QR code
The term "budget sequestration" was first used to describe an enforcement procedure of the Balanced Budget and Emergency Deficit Control Act of 1985 (BBEDCA) designed to keep Federal deficits below a maximum level limit. The hard caps were abandoned and replaced with a PAYGO system by the Budget Enforcement Act of 1990, which was in effect ...
These amounts are subject to discretionary spending limits in the Balanced Budget and Emergency Deficit Control Act of 1985 as amended (The Deficit Control Act). The spending limits were established in the Budget Control Act of 2011 (Pub. L. 112–25 (text)), which amended the Deficit Control Act. The spending limits for 2015 are $521,272,000 ...
An Act to provide for budget control. Enacted by: the 112th United States Congress: Effective: August 2, 2011: Citations; Public law: Pub. L. 112–25 (text) Statutes at Large: 125 Stat. 239: Codification; Acts amended: Balanced Budget and Emergency Deficit Control Act of 1985 Congressional Budget and Impoundment Control Act of 1974 Deficit ...
The Budget Control Act of 2011, which resolved the debt-ceiling crisis, required Congress to vote on a balanced-budget amendment in the near future. In addition, it stated that once a balanced budget amendment was sent to the states, the debt ceiling would be automatically increased by 1.5 trillion (this would be in addition to the initial debt ...