To provide the President with enhanced rescission authority at such time as the debt of the United States Government held by the public reaches $2,378,000,000,000.

Summary

Amends the Impoundment Control Act of 1974 to authorize the President, whenever the U.S. Government debt is $2,378,000,000,000 or more, to transmit to the Congress, within three days of enactment, a message proposing a rescission of all or part of the budget authority provided in a bill or resolution. Effects any such proposed rescission unless the Congress, within 45 days, completes action on a resolution disapproving it.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 18 April 1989

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.