S.1676 - Spending Reduction Enforcement Act of 1993103rd Congress (1993-1994)
|Sponsor:||Sen. Mack, Connie, III [R-FL] (Introduced 11/18/1993)|
|Committees:||Senate - Budget; Governmental Affairs|
|Latest Action:||Senate - 11/18/1993 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.1676 — 103rd Congress (1993-1994)All Information (Except Text)
Introduced in Senate (11/18/1993)
Spending Reduction Enforcement Act of 1993 - Establishes the Spending Reduction Commission to propose cost savings and changes in law to achieve at least $65 billion of budget outlay reductions for the budget year and each outyear until a balanced budget is reached.
Sets forth the procedure for implementation of the Commission's recommendations by the Office of Management and Budget, the President, and the Congress.
Makes budget outlay reductions permanent.
Establishes sequester provisions if the full amount of savings required by this Act is not achieved in a session of the Congress.