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SCONRES 21 107th Congress Senate Economics and Public Finance Balanced budgets Budget surpluses Congress Federal budgets Federal receipts and expenditures Income tax Legislation Public debt Tax cuts Tax rates Taxation

A concurrent resolution to express the sense of Congress regarding the use of a legislative "trigger" or "safety" mechanism to link long-term Federal budget surplus reductions with actual budgetary outcomes.

Introduced: March 7, 2001 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 7, 2001
Referred jointly to the Committee on the Budget; Governmental Affairs pursuant to the order of August 4, 1977, with instructions that if one Committee reports, the other Committee have thirty days to report or be discharged. (text of measure as introduced: CR S2013)
Mar 7, 2001
Introduced in Senate
Feb 14, 2001
Sponsor introductory remarks on measure. (CR S1430-1433)
 Plain-English summary Congressional Research Service
Expresses the sense of Congress that any long-term Federal surplus-reducing actions adopted by the 107th Congress shall include a legislative "trigger" mechanism that: (1) links the phase in of such actions to actual budgetary outcomes over the next ten fiscal years; and (2) outlines specific action that shall be taken should specified levels of Federal debt reduction or on-budget surpluses not be realized, in order to maintain fiscal discipline and continue reduction of the national debt.
What's happening now March 7, 2001

Referred jointly to the Committee on the Budget; Governmental Affairs pursuant to the order of August 4, 1977, with instructions that if one Committee reports, the other Committee have thirty days to report or be discharged. (text of measure as introduced: CR S2013)

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Republican 1