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- H.R.5572
H.R.5572: One Percent Spending Reduction Act of 2018
About This Bill
- Introduced April 18, 2018
- Latest Major Action April 18, 2018
- See the three similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
10 (All Republicans)
Bill Version
- Introduced in House - April 18, 2018
Bill Summary
One Percent Spending Reduction Act of 2018 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 FY2019 of $3.826 trillion, less 1%. For each year from FY2020-FY2023, the bill reduces the outlay cap by 1% of the previous year's outlay cap. For FY2024 and subsequent years, total outlays may not exceed 18% of...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| April 18, 2018 |
Referred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
|
| April 18, 2018 |
Introduced in the House by Mark Sanford (R-S.C.) |