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HR 3707 105th Congress House Economics and Public Finance Budget deficits Business income tax Commerce Congress Deficit reduction Federal budgets Government spending reductions Income tax Legislation Personal income tax Tax cuts Taxation

To amend the Balanced Budget and Emergency Deficit Control Act of 1985 to allow reductions in the discretionary spending limits to be used to offset tax cuts.

Introduced: April 22, 1998 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 22, 1998
Referred to the House Committee on the Budget.
Apr 22, 1998
Introduced in House
 Plain-English summary Congressional Research Service

Amends pay-as-you-go provisions of the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to provide that if legislation is enacted that reduces receipts and decreases discretionary spending limits for budget authority and outlays for the FY 1997 through 2002 period for which there is such reduction in receipts, then an amount equal to the decrease in such spending limit for outlays shall be treated as direct spending legislation decreasing the deficit for the fiscal year concerned.

What's happening now April 22, 1998

Referred to the House Committee on the Budget.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1