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- S.1316
S.1316: One Percent Spending Reduction 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 30, 2011
- Latest Major Action June 30, 2011
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
13 (All Republicans)
Bill Summary
One Percent Spending Reduction Act of 2011 - Amends the Balance Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to establish the aggregate outlay (outlay cap) (less net interest payments) for FY2012 at $3.382 billion, less 1%. Reduces each outlay cap for FY2013-FY2017 by 1% of the previous fiscal year's outlay cap. Requires the outlay cap for FY2018 and each subsequent fiscal year to be 18% of the gross domestic...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on the Budget.
|
|
| June 30, 2011 |
Introduced in the Senate by Michael B. Enzi (R-Wyo.) |