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- S.3140
S.3140: One Percent Spending Reduction Act of 2016
About This Bill
- Introduced July 7, 2016
- Latest Major Action July 7, 2016
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
5 (All Republicans)
Bill Summary
One Percent Spending Reduction Act of 2016 This bill amends the Balanced Budget and Emergency Deficit Control Act of 1985 to establish and enforce new spending caps. The bill establishes an outlay cap (less net interest payments) for FY2017 of $3.645 trillion, less 1%. For each year from FY2018-FY2021, the bill reduces the outlay cap by 1% of the previous year's outlay cap. For FY2022 and subsequent years, total outlays may not exceed 18%...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| July 7, 2016 |
Read twice and referred to the Committee on the Budget.
|
| July 7, 2016 |
Introduced in the Senate by Michael B. Enzi (R-Wyo.) |