US Congress House Bill 4060 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 12-0)
Status: Introduced on February 16 2012 - 25% progression, died in committee
Action: 2012-02-16 - Referred to the House Committee on the Budget.
Pending: House Budget Committee
Text: Latest bill text (Introduced) [PDF]

Freeze Government Spending Act of 2012 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to establish discretionary spending limits (spending caps) at the same specified level for each of FY2013-FY2021. Requires the Office of Management and Budget (OMB), on January 2, 2013, for FY2013, and in its sequestration preview reports for FY2014-FY2021, to state: (1) the net amount of reduction in nonexempt direct spending accounts as $18.333 billion for each of FY2013-FY2020 and $18.336 billion for FY2021; and (2) the sequestration percentage necessary to achieve that reduction in nonexempt direct spending accounts for the applicable fiscal year. Requires OMB, on such date during each applicable year, to prepare and the President to issue a sequestration order of nonexempt direct spending to achieve such direct spending reduction. Requires: (1) the percentage reduction for the Medicare programs specified in the Gramm-Rudman-Hollings Act to be not more than 2% for a fiscal year; and (2) if the reduction would exceed 2% in the absence of such requirement, OMB to increase the reduction for all other direct spending by a uniform percentage to a level sufficient to achieve the required reduction in nonexempt direct spending. Requires OMB to report to Congress on information about the calculations required under this Act, a listing of the reductions required for each nonexempt direct spending account, and any other data and explanations that enhance public understanding of this Act and actions taken under it.

Freeze Government Spending Act of 2012

Rep. Charles Fleischmann [R-TN]	Rep. Mark Amodei [R-NV]	Sen. Marsha Blackburn [R-TN]	Rep. John Duncan [R-TN]
Rep. Trent Franks [R-AZ]	Rep. Louie Gohmert [R-TX]	Rep. Trey Gowdy [R-SC]	Rep. Andy Harris [R-MD]
Rep. Doug Lamborn [R-CO]	Rep. Dennis Ross [R-FL]	Rep. Austin Scott [R-GA]	Rep. Joe Walsh [R-IL]

Date	Chamber	Action
2012-02-16	House	Referred to the House Committee on the Budget.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/4060/all-info
Text	https://www.congress.gov/112/bills/hr4060/BILLS-112hr4060ih.pdf