H.R.4057 - Deficit Reduction Lock Box Act of 1994103rd Congress (1993-1994)
|Sponsor:||Rep. Schumer, Charles E. [D-NY-9] (Introduced 03/16/1994)|
|Committees:||House - Government Operations; Rules|
|Latest Action:||03/21/1994 Referred to the Subcommittee on Legislation and National Security. (All Actions)|
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Subject — Policy Area:
- Economics and Public Finance
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Summary: H.R.4057 — 103rd Congress (1993-1994)All Bill Information (Except Text)
Introduced in House (03/16/1994)
Deficit Reduction Lock Box Act of 1994 - Establishes the Deficit Reduction Trust Fund consisting of amounts contained in deficit reduction lock box provisions of appropriations 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 appropriations bills be placed in the Fund.
Requires the Congressional Budget Office to score all general appropriations measures as passed by the House and Senate and to publish such scorecard in the Congressional Record.