A bill to amend part C of the Balanced Budget and Emergency Deficit Control Act of 1985 to remove the Comptroller General and the Director of the Congressional Budget Office from participation in the deficit reduction process under the Act, and for other purposes.

Summary

Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to remove the Comptroller General and the Director of the Congressional Budget Office (CBO) from participation in the sequestration process. Requires the President's initial and final sequestration orders to be in accordance with initial and revised reports by the Director of the Office of Management and Budget (OMB). Requires the Director of OMB (currently, the Director of CBO) to notify the Congress of low economic growth triggering action to suspend sequestration procedures. Repeals provisions setting forth alternative sequestration reporting procedures that were to be followed in the event that the joint CBO-OMB-General Accounting Office reporting procedures were invalidated.

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

1 official file

• Introduced in House

  summary · EN · 24 July 1986

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.