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Titles (2)

Short Titles

Short Titles - Senate

Short Titles as Introduced

Decrease Spending Now Act

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to rescind $45 billion of unobligated discretionary appropriations, and for other purposes.


Actions Overview (1)

Date Actions Overview
04/05/2011Introduced in Senate

All Actions (1)

Date All Actions
04/05/2011Read twice and referred to the Committee on the Budget.
Action By: Senate

Cosponsors (18)


Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
Senate Budget04/05/2011 Referred to

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Subjects (3)


Latest Summary (1)

There is one summary for S.726. View summaries

Shown Here:
Introduced in Senate (04/05/2011)

Decrease Spending Now Act - Rescinds $45 billion of unobligated balances of current discretionary appropriations.

Requires the Director of the Office of Management and Budget (OMB) to: (1) determine which appropriation accounts the rescission shall apply to and the amount that each such account shall be reduced, and (2) report to the Secretary of the Treasury and Congress a list of the accounts reduced by the rescission, including the amounts rescinded from each such account.

Exempts from such rescission the Department of Defense (DOD), the Department of Veterans Affairs (VA), and the Social Security Administration (SSA).