US HB1111 | 2011-2012 | 112th Congress

Status

Spectrum: Partisan Bill (Republican 56-0)
Status: Introduced on March 16 2011 - 25% progression, died in committee
Action: 2011-03-16 - Referred to the House Committee on Appropriations.
Pending: House Appropriations Committee
Text: Latest bill text (Introduced) [PDF]

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to the Secretary of the Treasury and Congress a list of the accounts reduced by the rescission, including the amounts rescinded from each such account.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).

Tracking Information

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Title

Decrease Spending Now Act

Sponsors


History

DateChamberAction
2011-03-16HouseReferred to the House Committee on Appropriations.

Same As/Similar To

SB726 (Same As) 2011-04-05 - Read twice and referred to the Committee on the Budget.

Subjects


US Congress State Sources


Bill Comments

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