A bill to authorize the President to reduce Federal expenditures and net lending for fiscal year 1975 to $295,000,000,000.
Emergency Budget Control Act - Authorizes the President, under title X of the Congressional Budget and Impoundment Control Act, to reduce expenditures and net lending in fiscal year 1975 to not less than $295,000,000,000.
Prohibits the reduction of more than 20 percent in the expenditures and net lending of any major department and agency.
Introduced in Senate
Ordered held at desk.
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