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- S.1290
S.1290: Spending Cap Act of 2011
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about economics and public finance
- Introduced June 28, 2011
- Latest Major Action June 28, 2011
Bill Sponsor
Bill Summary
Spending Cap Act of 2011 - Expresses the sense of Congress that it should enact comprehensive tax reform that lowers marginal rates, broadens the base, and simplifies the tax code to increase economic growth while generating revenues that are in line with the historical average of 18% of Gross Domestic Product (GDP). Amends the Congressional Budget Act of 1974 (CBA) to establish the discretionary spending limits for FY2012-FY2021 for defense...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on the Budget.
|
|
| June 28, 2011 |
Introduced in the Senate by Patrick J. Toomey (R-Pa.) |