CUTS Act

[AI summary unavailable — showing source text] Cut Unsustainable and Top-Heavy Spending Act of 2011 or CUTS Act - Rescinds 15% of the budget authority provided for any discretionary account in appropriations to the legislative branch for FY2011, except for the Capitol Police. Prohibits the total amount of funds appropriated to the Executive Office of the President for FY2012-FY2013 from exceeding the total amount for FY2011 after applying the rescission. Eliminates automatic cost-of-living adjustments for Members of Congress during FY2012-FY2014. Freezes the total costs for salaries of federal employees (including Department of Defense [DOD] civilian employees, but not members of the Armed Forces) for FY2011-FY2013 at the FY2010 level. Directs each federal agency head to reduce the number of full time federal employees (FTEs) by 10% by FY2020. Requires the Director of the Office of Management and Budget (OMB) to take specified steps to reduce federal printing and travel costs. Rescinds 20% of amounts made available to the General Services Administration (GSA) for acquiring new vehicles for the federal fleet for FY2011, and limits federal vehicle costs and new vehicle purchases for FY2012 and subsequent fiscal years. Requires th…