United States · Bill · S
S. 2182 (114th)
Cut, Cap, and Balance Act of 2015
Introduced
19 October 2015
Last action
20 October 2015 · Calendars
Status
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 274.
Sponsors
Sen. Paul, Rand [R-KY]
Subjects
Defence, Rule of law, Taxation, Budget
Source updated
12 August 2025
Defence · Rule of law · Taxation · Budget
Summary
Cut, Cap, and Balance Act of 2015 This bill amends the Congressional Budget Act of 1974 to establish FY2016 spending limits of $2.832 trillion for new budget authority and $2.884 trillion for outlays. Spending for Social Security, Medicare, Veterans Benefits and Services, Net Interest, and Military Personnel is exempt from the limits. The chairs of the congressional budget committees may make specified adjustments to the limits for legislation that designates amounts for Overseas Contingency Operations/ Global War on Terrorism. The bill amends the Balanced Budget and Emergency Deficit Control Act of 1985 to limit total annual spending for FY2016-FY2025 to a specified percentage of projected annual gross domestic product (GDP), which begins at 19.9% for FY2016 and decreases each year until it reaches 18% for FY2021-FY2025. The bill enforces the spending limits using automatic spending cuts known as sequestration and specifies exemptions. The Department of the Treasury may not exercise additional borrowing authority in subsequent legislation until a balanced budget amendment to the Constitution is submitted to the states that: (1) requires that total outlays not exceed total receipts, (2) contains a spending limitation as a percentage of GDP, and (3) requires tax increases be approved by a two-thirds vote in both houses of Congress.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
19 October 2015
Introduced
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Source: Calendars
19 October 2015
Introduced
Introduced in Senate
Source: IntroReferral
20 October 2015
Calendars
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 274.
Source: Calendars
Votes
No vote records are attached yet.
Versions
- Placed on Calendar Senate · 20 October 2015 · Download file
Documents
3 official files
Placed on Calendar Senate (text)
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Placed on Calendar Senate (text)
Placed on Calendar Senate · EN · 20 October 2015
Placed on Calendar Senate (PDF)
Placed on Calendar Senate · EN · 20 October 2015
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Introduced in Senate
summary · EN · 19 October 2015
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Sen. Paul, Rand [R-KY] · R · Sponsor
Related records
No cross-record relationships stored yet.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/114th-congress/senate-bill/2182
- Open data entity: https://api.congress.gov/v3/bill/114/s/2182
- us · 114-s-2182 · source updated 12 August 2025