S.847 - Four Percent Solution Act of 1991102nd Congress (1991-1992)
|Sponsor:||Sen. Burns, Conrad R. [R-MT] (Introduced 04/18/1991)|
|Committees:||Senate - Budget; Governmental Affairs|
|Latest Action:||Senate - 04/18/1991 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. (All Actions)|
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Summary: S.847 — 102nd Congress (1991-1992)All Information (Except Text)
Introduced in Senate (04/18/1991)
Four Percent Solution Act of 1991 - Amends the Congressional Budget Act of 1974 to revise spending limits to allow a four-percent growth rate in domestic spending from FY 1992 to 1995. Removes the discretionary authority over such spending limits and eliminates the use of maximum deficit amounts. Extends through 1995 the prohibition on the Senate from considering any appropriations bill or resolution that exceeds such spending limits.
Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to provide enforcement authority for provisions of this Act and to make conforming amendments.
Amends the Congressional Budget Act of 1974 to repeal authority for a pay-as-you-go reconciliation directive in the form of a concurrent resolution in the House of Representatives.
Eliminates the use of the current services baseline in the President's budget, the congressional budget, and the Congressional Budget Office report to congressional committees.