S 726
112th Congress
Senate
Economics and Public Finance
Appropriations
Budget deficits and national debt
Decrease Spending Now Act
Introduced: April 5, 2011
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 5, 2011
Read twice and referred to the Committee on the Budget.
Apr 5, 2011
Introduced in Senate
Plain-English 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to the Secretary of the Treasury and Congress a list of the accounts reduced by the rescission, including the amounts rescinded from each such account.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).
What's happening now
Read twice and referred to the Committee on the Budget.
Committees of jurisdiction
1