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 reducti…
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Date:
February 1, 1986
Creator:
Schick, Allen
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department