There is one summary for H.R.700. Bill summaries are authored by CRS.

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Introduced in House (01/26/1995)

A to Z Spending Cuts Plan - Reduces discretionary spending limits for FY 1995 in amounts equal to rescissions under this Act.

Declares that reductions in outlays shall not be taken into account for sequestration purposes of the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act).

Reduces discretionary spending limits for FY 1995 through 1998 by the amount of rescissions and additional savings under this Act.

Expresses the sense of the Congress that each reduction in the discretionary spending caps caused by the spending cuts of this Act shall result in reduction in future spending for that particular program only.