Save America's Future Economy Act of 2010

referredUnited States· United States Congress· EN

Introduced

18 May 2010

Last action

18 May 2010 · Introduced

Status

Referred to the House Committee on the Budget.

Sponsors

Rep. Smith, Lamar [R-TX-21], Rep. Olson, Pete [R-TX-22], Rep. Burton, Dan [R-IN-5], Rep. Conaway, K. Michael [R-TX-11], Rep. Marchant, Kenny [R-TX-24], Rep. McClintock, Tom [R-CA-5], Rep. Issa, Darrell [R-CA-48], Rep. Bachmann, Michele [R-MN-6], Rep. Akin, W. Todd [R-MO-2], Rep. Bilbray, Brian P. [R-CA-50], Rep. Herger, Wally [R-CA-2], Rep. Franks, Trent [R-AZ-8], Rep. Culberson, John Abney [R-TX-7], Rep. Bishop, Rob [R-UT-1], Rep. King, Steve [R-IA-4], Rep. Hensarling, Jeb [R-TX-5], Rep. Chaffetz, Jason [R-UT-3], Rep. Lamborn, Doug [R-CO-5], Rep. Wilson, Joe [R-SC-2], Rep. Kline, John [R-MN-2], Rep. Price, Tom [R-GA-6], Rep. Neugebauer, Randy [R-TX-19], Rep. Lungren, Daniel E. [R-CA-3], Rep. Tiahrt, Todd [R-KS-4], Rep. Fleming, John [R-LA-4], Rep. Schmidt, Jean [R-OH-2], Rep. Pitts, Joseph R. [R-PA-16], Rep. Latta, Robert E. [R-OH-5], Rep. Gingrey, Phil [R-GA-11], Rep. Shadegg, John B. [R-AZ-3], Rep. Carter, John R. [R-TX-31], Rep. Jordan, Jim [R-OH-4], Rep. Burgess, Michael C. [R-TX-26], Rep. Young, Don [R-AK-At Large], Rep. Calvert, Ken [R-CA-41], Rep. Stearns, Cliff [R-FL-6], Rep. McCotter, Thaddeus G. [R-MI-11], Rep. Shimkus, John [R-IL-15], Rep. Kingston, Jack [R-GA-1], Rep. Manzullo, Donald A. [R-IL-16], Rep. Forbes, J. Randy [R-VA-4], Rep. Gohmert, Louie [R-TX-1], Rep. Roe, David P. [R-TN-1], Rep. Campbell, John [R-CA-48], Rep. Gallegly, Elton [R-CA-24], Rep. Miller, Gary G. [R-CA-42], Rep. McKeon, Howard P. "Buck" [R-CA-25], Rep. Poe, Ted [R-TX-2]

Subjects

Rule of law, Taxation, Budget

Source updated

14 August 2025

Rule of law · Taxation · Budget

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Summary

Save America's Future Economy Act of 2010 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to require the Office of Management and Budget (OMB) to calculate the uniform percentage by which nonexempt spending accounts are to be sequestered such that total government spending for a budget year, compared to the preceding fiscal year, does not increase at a rate greater than the percentage point change in the Consumer Price Index (CPI) plus the percentage point change in annual population growth. Requires OMB to prepare annually a report to be included in the President's budget for each fiscal year setting forth: (1) the projected level of total federal spending for the current year; (2) the percentage point increase in the CPI over the fiscal year before the current year; (3) the total percentage point increase in population from July 1 of the second preceding fiscal year before the current year and July 1 of the fiscal year before the current year; (4) the sum of such total percentage point increases; and (5) the projected level of total federal spending for the budget year and the amount, if any, by which that spending would exceed the projected level of total federal spending for the current year, as adjusted by the such sum of the total percentage point increases. Prescribes requirements for OMB Preview Reports and OMB Final Sequestration Reports. Requires the President to issue a sequestration order, effective on issuance, if OMB in its Final Sequestration Report estimates that any sequestration is required. Prohibits OMB from including the budgetary effects of an emergency requirement in its estimates. Exempts from any sequestration reduction order: (1) payments for net interest; and (2) federal obligations required to be paid under the U.S. Constitution or legally contractual obligations. Extends indefinitely certain Pay-As-You-Go (PAYGO) enforcement mechanisms.

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

Timeline

18 May 2010
Introduced
Referred to the House Committee on the Budget.
Source: IntroReferral
18 May 2010
Introduced
Introduced in House
Source: IntroReferral
18 May 2010
Introduced
Introduced in House
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Introduced in House · 18 May 2010 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 18 May 2010
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Introduced in House (PDF)
Introduced in House · EN · 18 May 2010
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Introduced in House
summary · EN · 18 May 2010
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Related records

related to → Spending, Deficit, and Debt Control Act of 2009
related to → Tighten Washington's Belt Act of 2010
related to ← Economic Disaster Prevention Act of 2010
related to ← HELP Act

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/111th-congress/house-bill/5323
Open data entity: https://api.congress.gov/v3/bill/111/hr/5323
us · 111-hr-5323 · source updated 14 August 2025