Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to extend through FY2013 the spending limits (spending caps) for the discretionary categories in new budget authority and outlays.
Repeals provisions terminating Pay-As-You-Go (PAYGO) enforcement mechanisms under such Act.
Introduced in House
Introduced in House
Referred to the House Committee on the Budget.
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