Explanation of the Balanced Budget and Emergency Deficit Control Act of 1985 -- Public Law 99-177 (The Gramm-Rudman-Hollings Act) Metadata
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- Main Title Explanation of the Balanced Budget and Emergency Deficit Control Act of 1985 -- Public Law 99-177 (The Gramm-Rudman-Hollings Act)
Author: Schick, AllenCreator Type: PersonalCreator Info: Congressional Research Service
Name: Library of Congress. Congressional Research Service.Place of Publication: Washington D.C.
- Creation: 1986-02-01
- Content 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.
- Legislative Indexing Vocabulary: Budgets
- Legislative Indexing Vocabulary: Balanced budgets - Law and legislation
- Legislative Indexing Vocabulary: Balanced Budget and Emergency Deficit Control Act of 1985
- Legislative Indexing Vocabulary: Law
Name: Congressional Research Service ReportsCode: CRSR
Name: UNT Libraries Government Documents DepartmentCode: UNTGD
- CRS Report Number: 85-1130 GOV
- Accession or Local Control No: 85-1130 GOV 1986-02-01
- Archival Resource Key: ark:/67531/metacrs8715