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S 897 111th Congress Senate Economics and Public Finance Budget deficits and national debt Budget process Legislative rules and procedure

Limitation on Government Spending Act of 2009

Introduced: April 24, 2009 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
Apr 24, 2009
Read twice and referred to the Committee on the Budget.
Apr 24, 2009
Sponsor introductory remarks on measure. (CR S4722-4723)
Apr 24, 2009
Introduced in Senate
 Plain-English summary Congressional Research Service

Limitation on Government Spending Act of 2009 - Amends the Congressional Budget Act of 1974 to define GDP as the gross domestic product for the relevant fiscal year as most recently estimated by the Congressional Budget Office (CBO).

Defines federal spending limits for: (1) FY2011, as outlays not exceeding 22% of the GDP; (2) FY2012, as outlays not exceeding 21% of the GDP; and (3) FY2013 and fiscal years thereafter, as outlays not exceeding 20% of the GDP.

Makes it out of order in the Senate to consider any legislation that includes any provision that would result in a deficit for a fiscal year that exceeds the maximum deficit amount or federal spending limit, as applicable, for such fiscal year.

Permits waiver or suspension of such prohibition, or successful appeals from rulings of the Chair, only by an affirmative vote of three-fifths (60) of the Senate.


What's happening now April 24, 2009

Read twice and referred to the Committee on the Budget.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1