Explanation of the Balanced Budget and Emergency Deficit Control Act of 1985 -- Public Law 99-177 (The Gramm-Rudman-Hollings Act)

Description

The report explains briefly the major features of the Balanced Budget and Emergency Deficit Control Act of 1985 (Public Law 99-177), commonly referred to as the Gramm-Rudman-Hollings Act. Following a short overview of the deficit reduction process, the report outlines the deficit control timetable for each of fiscal years 1987-1991, and the accelerated timetable for fiscal year 1986, describes the procedures for eliminating excess deficits, discusses how to compute the required spending reductions, and summarizes the sequestration of funds for fiscal year 1986. The report also identifies the programs exempted from emergency deficit reduction procedures and those that have special ... continued below

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34 pages.

Creation Information

Schick, Allen February 1, 1986.

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This report is part of the collection entitled: Congressional Research Service Reports and was provided by UNT Libraries Government Documents Department to Digital Library, a digital repository hosted by the UNT Libraries. It has been viewed 1067 times , with 7 in the last month . More information about this report can be viewed below.

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Description

The report explains briefly the major features of the Balanced Budget and Emergency Deficit Control Act of 1985 (Public Law 99-177), commonly referred to as the Gramm-Rudman-Hollings Act. Following a short overview of the deficit reduction process, the report outlines the deficit control timetable for each of fiscal years 1987-1991, and the accelerated timetable for fiscal year 1986, describes the procedures for eliminating excess deficits, discusses how to compute the required spending reductions, and summarizes the sequestration of funds for fiscal year 1986. The report also identifies the programs exempted from emergency deficit reduction procedures and those that have special rules for making reductions.

Physical Description

34 pages.

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Congressional Research Service Reports

The Congressional Research Service (CRS) is the public policy research arm of Congress. This legislative branch agency works exclusively for Members of Congress, their committees and their staff. This collection includes CRS reports from the mid-1970's through the present--covering a variety of topics from agriculture to foreign policy to welfare.

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Creation Date

  • February 1, 1986

Added to The UNT Digital Library

  • June 1, 2006, 1:39 p.m.

Description Last Updated

  • Feb. 15, 2017, 9:07 p.m.

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Schick, Allen. Explanation of the Balanced Budget and Emergency Deficit Control Act of 1985 -- Public Law 99-177 (The Gramm-Rudman-Hollings Act), report, February 1, 1986; Washington D.C.. (digital.library.unt.edu/ark:/67531/metacrs8715/: accessed May 26, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.