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- H.R.1521
H.R.1521: To amend the Balanced Budget and Emergency Deficit Control Act of 1985 to provide for sequestration of Federal spending in excess of 18 percent of gross domestic product.
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about congress
- Introduced April 4, 2001
- Latest Major Action April 4, 2001
Bill Sponsor
Bill Cosponsors
16 (1 Independent, 16 Republicans)
Bill Summary
Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to provide for a sequestration equal to the amount by which total outlays exceed 18 percent of the gross domestic product for any of FY 2002 through 2006.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on the Budget.
|
|
| April 4, 2001 |
Introduced in the House by Nick Smith (R-Mich.) |