HR 1521 · 107th Congress · Economics and Public Finance

To amend the Balanced Budget and Emergency Deficit Control Act of 1985 to provide for sequestration of Federal spending in excess of 18 percent of gross domestic product.

Introduced 2001-04-04· Sponsored by Rep. Smith, Nick [R-MI-7]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on the Budget.(2001-04-04)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to provide for a sequestration equal to the amount by which total outlays exceed 18 percent of the gross domestic product for any of FY 2002 through 2006.…

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

Cosponsors (15)

14 Republicans1 Independent
Rep. Kingston, Jack [R-GA-1]GA
Rep. Akin, W. Todd [R-MO-2]MO
Rep. Hostettler, John N. [R-IN-8]IN
Rep. Schaffer, Bob [R-CO-4]CO
Rep. Hoekstra, Peter [R-MI-2]MI
Rep. DeMint, Jim [R-SC-4]SC
Rep. Largent, Steve [R-OK-1]OK
Rep. Bartlett, Roscoe G. [R-MD-6]MD
Rep. Flake, Jeff [R-AZ-1]AZ
Rep. Johnson, Sam [R-TX-3]TX
Rep. Doolittle, John T. [R-CA-4]CA
Rep. Goode, Virgil H., Jr. [I-VA-5]VA
Rep. Jones, Walter B., Jr. [R-NC-3]NC
Rep. Souder, Mark E. [R-IN-4]IN
Rep. Tancredo, Thomas G. [R-CO-6]CO