Spending Reduction Act of 1995

Summary

Spending Reduction Act of 1995 - Establishes the Spending Reduction Commission to propose cost savings and changes in law to achieve at least $45 billion of budget outlay reductions for the budget year and each outyear until a balanced budget is reached. Subjects such reductions to the following guidelines: (1) elimination of redundant and outdated programs, including those whose missions can be accomplished by the private sector; (2) reduction of programs with excessive administrative costs or that can be consolidated with other programs; (3) elimination of programs that provide subsidies that benefit narrow special interest groups at the expense of the national interest; and (4) reduction or elimination of programs that have low priority in meeting a national interest criterion. Sets forth the procedure for implementation of the Commission's recommendations by the Office of Management and Budget, the President, and the Congress. Makes budget outlay reductions permanent. Prohibits reductions in direct spending from being treated as a net deficit decrease for sequestration purposes of the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act). Requires the Comptroller General to make a compliance report on this Act at the end of each congressional session.

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Timeline

1. 3 February 1995

   Introduced

   Referred to the Committee on Government Reform and Oversight, and in addition to the Committees on Rules, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 3 February 1995

   Introduced

   Referred to the Committee on Government Reform and Oversight, and in addition to the Committees on Rules, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

3. 3 February 1995

   Introduced

   Introduced in House

   Source: IntroReferral

4. 3 February 1995

   Introduced

   Introduced in House

   Source: IntroReferral

5. 9 February 1995

   Referred

   Referred to the Subcommittee on Government Management, Information and Technology.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 3 February 1995 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 3 February 1995

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 3 February 1995

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 3 February 1995

  Open at official source

Sponsors

• Rep. Miller, Dan [R-FL-13] · R · Sponsor
• Rep. Minge, David [D-MN-2] · D · Sponsor
• · hsgo00 · Standing
• · hsru00 · Standing
• · hsbu00 · Standing

Related records

No cross-record relationships stored yet.