S 3321 · 102th Congress · Economics and Public Finance

A bill to control the growth of mandatory spending.

Introduced 1992-10-05· Sponsored by Sen. Brown, Hank [R-CO]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred jointly to the Committees on Budget; Governmental Affairs pursuant to the order of of August 4, 1977, with instructions that if one Committee reports, the other Committee have thirty days to report or to be discharged.(1992-10-05)

Plain Language Summary

[AI summary unavailable — showing source text] Prohibits, beginning with FY 1993 and fiscal years thereafter, the growth in mandatory spending for all programs, except Social Security, from exceeding a level that allows for beneficiary and inflation growth. Prohibits a congressional budget resolution or any bill, resolution, amendment, or conference report from causing mandatory funding from exceeding such level. Requires a three-fifths vote in the House or Senate to waive such prohibition. Requires a sequester in any fiscal year that mandatory spending levels exceed the cap levels.…

Summarized by Claude AI · Non-partisan · For informational purposes only