To provide a fair, nonpolitical process that will achieve $65,000,000,000 in budget outlay reductions each fiscal year until a balanced budget is reached.
Spending Reduction Enforcement Act of 1994 - Establishes the Spending Reduction Commission to propose cost savings and changes in law to achieve at least $65 billion of budget outlay reductions for the budget year and each outyear until a balanced budget is reached.
Sets forth the procedure for implementation of the Commission's recommendations by the Office of Management and Budget, the President, and the Congress.
Makes any budget outlay reductions permanent.
Sets forth sequestration procedures if the full amount of required savings is not achieved by the end of a session of Congress.
Referred to the Subcommittee on Legislation and National Security.
Read twice and referred jointly to the Committees on 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.
Introduced in House
Introduced in House
Referred to the House Committee on Government Operations.
Referred to the House Committee on Rules.
Referred to the Subcommittee on Legislation and National Security.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line