H.R.4600 - Expedited Rescissions Act of 1994103rd Congress (1993-1994)
|Sponsor:||Rep. Spratt, John M., Jr. [D-SC-5] (Introduced 06/17/1994)|
|Committees:||House - Government Operations; Rules | Senate - Budget; Governmental Affairs|
|Committee Reports:||H.Rept 103-557 Part 1|
|Latest Action:||10/05/1994 Committee on Budget. Hearings held. (All Actions)|
|Major Recorded Votes:||07/14/1994 : Passed House|
This bill has the status Passed House
Here are the steps for Status of Legislation:
- Passed House
Subject — Policy Area:
- Economics and Public Finance
- View subjects
Summary: H.R.4600 — 103rd Congress (1993-1994)All Bill Information (Except Text)
Passed House amended (07/14/1994)
Amends the Congressional Budget and Impoundment Control Act of 1974 to allow the President to transmit to both Houses of the Congress, for expedited consideration, one or more special messages proposing to rescind amounts of budget authority or to repeal any targeted tax benefit provided in a revenue Act.
Requires that such special message be accompanied by a draft bill or joint resolution that would, if enacted, only rescind the budget authority or repeal the targeted tax benefit Requires such bill to include a Deficit Reduction Account. Allows the President to place rescinded amounts in such Account.
Sets forth House and Senate procedures for the expedited consideration of such a proposal.