There is one summary. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (04/04/2001)

Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to provide for a sequestration equal to the amount by which total outlays exceed 18 percent of the gross domestic product for any of FY 2002 through 2006.