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The Gramm–Rudman–Hollings Balanced Budget and Emergency Deficit Control Act of 1985 [1] and the Balanced Budget and Emergency Deficit Control Reaffirmation Act of 1987 [2] (both often known as Gramm–Rudman) were the first binding spending constraints on the federal budget.
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 ...
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 ...
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; ... Gramm–Rudman–Hollings Balanced Budget Act;
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 Deficit Reduction Act may refer to various pieces of United States legislation, including: Deficit Reduction Act of 1984; Gramm-Rudman-Hollings Deficit Reduction Act of 1985; Omnibus Budget Reconciliation Act of 1993; Deficit Reduction Act of 2005