H.R.3205 - Deficit Reduction Lock Box Act of 1993103rd Congress (1993-1994)
|Sponsor:||Rep. Schumer, Charles E. [D-NY-9] (Introduced 09/30/1993)|
|Committees:||House - Government Operations; Rules|
|Latest Action:||House - 10/04/1993 Referred to the Subcommittee on Legislation and National Security. (All Actions)|
This bill has the status Introduced
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Summary: H.R.3205 — 103rd Congress (1993-1994)All Information (Except Text)
Introduced in House (09/30/1993)
Deficit Reduction Lock Box Act of 1993 - Establishes the Deficit Reduction Trust Fund consisting of amounts contained in deficit reduction lock box provisions of appropriation Acts.
Reduces discretionary spending limits by amounts transferred to the Fund.
Amends the Congressional Budget Act of 1974 to require that amounts resulting from reduced spending under general appropriation bills be placed in the Fund.