H.R.3717 - To allow for moderate growth of mandatory spending.103rd Congress (1993-1994)
|Sponsor:||Rep. Zimmer, Dick [R-NJ-12] (Introduced 11/22/1993)|
|Committees:||House - Government Operations; Rules|
|Latest Action:||12/06/1993 Referred to the Subcommittee on Legislation and National Security.|
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Subject — Policy Area:
- Economics and Public Finance
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Summary: H.R.3717 — 103rd Congress (1993-1994)All Bill Information (Except Text)
Introduced in House (11/22/1993)
Prohibits the growth of each individual mandatory program except Social Security, beginning with FY 1994 and fiscal years thereafter, from exceeding a level that is: (1) adjusted for beneficiary and inflation growth; plus (2) two percent for FY 1994 and one percent for FY 1995.
Requires a sequester to reduce spending for mandatory programs if Congress fails to make relevant changes in laws to maintain appropriate spending levels.