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Decade:
2010-2019
Year:
2011
Month:
October
Day:
17th
Collection:
Congressional Research Service Reports
- Budget Control Act: Potential Impact of Automatic Spending Reduction Procedures on Health Reform
- The Budget Control Act of 2011 (BCA; P.L. 112-25) established new budget enforcement mechanisms for reducing the federal deficit by at least $2.1 trillion over the 10-year period FY2012-FY2021. The BCA places statutory limits, or caps, on discretionary spending for each of those 10 fiscal years, which will save an estimated $0.9 trillion during that period. In addition, it creates a Joint Select Committee on Deficit Reduction (Joint Committee), which is instructed to develop legislation to reduce the federal deficit by at least another $1.5 trillion through FY2021. digital.library.unt.edu/ark:/67531/metadc83989/