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H.R. 863 103rd Congress House

Invest in the Deficit Act of 1993

Official title: To provide that all new revenue must be dedicated to deficit reduction and to establish, for fiscal years 1994 through 1998, discretionary spending limits for … Show full official titleShow less

Official title: To provide that all new revenue must be dedicated to deficit reduction and to establish, for fiscal years 1994 through 1998, discretionary spending limits for the defense, international, and domestic categories and maximum deficit amounts.

Introduced: February 4, 1993 See on congress.gov
Economics and Public Finance Balanced budgetsBudget deficitsCongressional budgetDefense budgets
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Deficit financingFederal budgetsFederal receipts and expendituresGovernment spending reductionsIncome taxIndexing (Economic policy)PrivatizationTax ratesTaxation
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This bill died when the 103rd Congress ended
It never became law before the 103rd Congress (1993–1994) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 19, 1993
Referred to the Subcommittee on Legislation and National Security.
Feb 4, 1993
Referred to the House Committee on Rules.
Feb 4, 1993
Referred to the House Committee on Government Operations.
Feb 4, 1993
Introduced in House
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 Latest action February 19, 1993

Referred to the Subcommittee on Legislation and National Security.

 Plain-English summary Congressional Research Service

Invest in the Deficit Act of 1993 - Declares that whenever a law is enacted that provides new revenue or an asset of the United States is sold to the public, all such revenue and proceeds sales shall be dedicated to the reduction of any annual Federal budget deficit.

Amends the Congressional Budget Act of 1974 to increase the maximum deficit amounts for FY 1994 and 1995 and to establish such amounts for FY 1996 through 1998.

Repeals discretionary spending limits for FY 1994 and 1995. Establishes such limits for FY 1994 through 1998 for the defense, international, and domestic categories. Requires adjustments to the international and domestic categories to be made in strict conformance with enforcement provisions of the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act).

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
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APA
U.S. Congress. (2026). H.R. 863: Invest in the Deficit Act of 1993. 103rd Congress. Open America. https://openamerica.io/bill/103-HR-863/
MLA
"H.R. 863: Invest in the Deficit Act of 1993." 103rd Congress, 2026, Open America, https://openamerica.io/bill/103-HR-863/.
Bluebook (legal)
H.R. 863, 103rd Cong. (2026), https://openamerica.io/bill/103-HR-863/.
Markdown link
[H.R. 863: Invest in the Deficit Act of 1993](https://openamerica.io/bill/103-HR-863/)
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