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- S.547
S.547: One Percent Spending Reduction Act of 2013
About This Bill
- Introduced March 13, 2013
- Latest Major Action March 13, 2013
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
5 (All Republicans)
Bill Summary
One Percent Spending Reduction Act of 2013 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to establish the aggregate outlay (outlay cap) (less net interest payments) for FY2014 at $3.329 trillion, less 1%. Reduces each outlay cap for FY2015-FY2016 by 1% of the previous fiscal year's outlay cap. Requires the outlay cap for FY2017 and each subsequent fiscal year to be 19% of the gross domestic...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| March 13, 2013 |
Read twice and referred to the Committee on the Budget.
|
| March 13, 2013 |
Introduced in the Senate by Michael B. Enzi (R-Wyo.) |