Budget Deficit Reduction Act of 1993

Summary

TABLE OF CONTENTS: Title I: Agriculture and Related Programs Title II: Commerce, Science, and Transportation Title III: Energy and Natural Resources Title IV: Finance Title V: National Defense Title VI: General Provisions Budget Deficit Reduction Act of 1993 - Title I: Agriculture and Related Programs - Amends the National Wool Act of 1954 to eliminate the wool and mohair price support program. Amends the Agricultural Act of 1949 to eliminate: (1) the cotton price support and production adjustment programs; and (2) the rice price support and production adjustment programs. Title II: Commerce, Science, and Transportation - Terminates funding for the Advanced Solid Rocket Motor and the Space Exploration Initiative programs. Requires the Federal Communications Commission to initiate an auction process for licenses for the radio spectrum. Title III: Energy and Natural Resources - Eliminates funds for the Superconducting Super Collider. Amends the Federal Land Policy and Management Act of 1976 to require the establishment of annual domestic livestock grazing fees equal to fair market value. Abolishes grazing advisory boards. Requires the payment of annual holding fees or royalties for hardrock mining on Federal lands. Title IV: Finance - Amends title XVIII (Medicare) of the Social Security Act to require premiums to cover 100 percent of the costs for certain higher-income individuals. Increases the premium payments for such individuals. Title V: National Defense - Limits funding for: (1) Navy ballistic missile submarines and crews on patrol at sea concurrently; (2) Navy attack submarines; (3) Navy antisubmarine warfare weapons; (4) Army light infantry divisions; (5) Air Force tactical fighter wings; (6) weapons research and development and testing activities; and (7) the Strategic Defense Initiative and the Theater Missile Defense Initiative. Terminates: (1) the Navy MHC(V) coastal mine-hunting ship program; and (2) the Army Kinetic Energy Anti-Satellite Attack (ASAT) program. Requires the military departments to exercise early retirement authority to retire at least 60,000 members of the Armed Forces before October 1, 1994. Title VI: General Provisions - Transfers savings from this Act to the General fund of the Treasury.

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3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 24 June 1993

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 24 June 1993

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• Introduced in Senate

  summary · EN · 24 June 1993

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