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S. 726 · 112th Congress

Decrease Spending Now Act

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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

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

What it does: CRS summary · Introduced in Senate · Apr 5, 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to the Secretary of the Treasury and Congress a list of the accounts reduced by the rescission, including the amounts rescinded from each such account.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).



Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Decrease Spending Now Act

Latest action (Apr 5, 2011): Read twice and referred to the Committee on the Budget.

Policy area: Economics and Public Finance · Origin: Senate · Introduced: Apr 5, 2011

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.