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S.379: Decrease Spending Now Act

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about economics and public finance
You can read the bill
Sponsor Marco Rubio, R-Fla.
Total Cosponsors 10 (All Republicans)
Introduced Feb. 26, 2013
Latest Major Action Feb. 26, 2013
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Bill Progress

  • Bill introduced in the Senate   
  • Bill passed in the Senate   
  • Bill passed in the House   
  • Bill signed into law

Bill Summary

Decrease Spending Now Act - Rescinds $45 billion of unobligated balances of current discretionary appropriations.

Requires the Director of the Office of Management and Budget (OMB) to: (1) determine which appropriation accounts the rescission shall apply to and the amount that each such account shall be reduced, and (2) report to the Secretary of the Treasury and Congress a list of the accounts reduced by the rescission, including the amounts rescinded from each such account.

Exempts from such rescission the Department of Defense (DOD), the Department of Veterans Affairs (VA), and the Social Security Administration (SSA).



(Source: Congressional Research Service)

Bill Actions

Date Description
Feb. 26, 2013 Read twice and referred to the Committee on the Budget.