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Margaret H. McDermott and Bernard D. Reams, Deficit Control and the Gramm–Rudman–Hollings Act: The Legislative History of the Balanced Budget and Emergency Deficit Control Act of 1985 (P.L. 99-177) (W. S. Hein, 1986). "H.J.RES.372 – CRS Summary of Balanced Budget and Emergency Deficit Control Act of 1985". THOMAS. Library of Congress ...
The CBO baseline has been used in every year since 1981 for developing budget resolutions and measuring compliance with reconciliation instructions. The Balanced Budget and Emergency Deficit Control Act of 1985 provided the first legal definition of baseline. For the most part, the act defined the baseline in conformity with previous usage.
Gramm-Rudman-Hollings Balanced Budget and Emergency Deficit Control Act of 1985. Add languages ... Download as PDF; Printable version ... 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.
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 ...
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December 12, 1985: Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm–Rudman–Hollings Balanced Budget Act) Pub. L. 99–177 (title II)December 17, 1985: Gold Bullion Coin Act of 1985, Pub. L. 99–185
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 ...