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Searching...- Bills
- S.2495
S.2495: One Percent Spending Reduction Act of 2014
About This Bill
- Introduced June 19, 2014
- Latest Major Action June 19, 2014
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
8 (All Republicans)
Bill Summary
One Percent Spending Reduction Act of 2014 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to establish and enforce new spending caps. Establishes the aggregate outlay cap (less net interest payments) for FY2015 at $3.774 trillion, less 1%. Reduces the outlay cap for FY2016-FY2017 by 1% of the previous fiscal year's outlay cap. Requires the outlay cap for FY2018 and subsequent fiscal years to...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| June 19, 2014 |
Read twice and referred to the Committee on the Budget.
|
| June 19, 2014 |
Introduced in the Senate by Michael B. Enzi (R-Wyo.) |