HR 4142 · 104th Congress · Economics and Public Finance
Save Our Savings Act of 1996
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Committee on the Budget, and in addition to the Committees on Government Reform and Oversight, and Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.(1996-09-24)
Plain Language Summary
[AI summary unavailable — showing source text]
TABLE OF CONTENTS: Title I: Cap Entitlements and Other Mandatory Spending Title II: Enforcement Provisions Save Our Savings Act of 1996 - ( Title I: Cap Entitlements and Other Mandatory Spending ) - Sets forth a timetable for completion of certain budget actions by the President and by the Directors of the Office of Management and Budget (OMB) and of the Congressional Budget Office (CBO). (Sec. 102) Applies direct spending caps to all entitlement authority, except for undistributed offsetting receipts and net interest outlays. Sets forth a table of such caps for specified categories of entitlements and other mandatory spending. (Sec. 103) Requires determinations of such direct spending caps (as well as any breaches of such caps and actions necessary to remedy such breaches) to be based on certain economic assumptions for specified future fiscal years, subject to periodic reestimation based on changed economic conditions or changes in eligible population. (Sec. 104) Provides for automatic adjustments to the caps for entitlements and other mandatory spending. Allows the direct spending caps to be revised in a specified manner, only by recorded vote. Title II: Enforcement Provisions -…
Summarized by Claude AI · Non-partisan · For informational purposes only