3.0.0 1613 2023-01-11T13:18:09Z 2023-01-11T13:18:09Z Senate S S 2009-08-06 111 ssbu00 Budget Committee Senate Standing Referred to 2009-08-06T22:19:13Z Deficit Reduction Act of 2009 111 4481 HR 2010-01-20 Referred to House Rules Identical bill CRS 2009-08-06 ssbu00 Budget Committee Senate Read twice and referred to the Committee on the Budget. IntroReferral 2009-08-06 Sponsor introductory remarks on measure. (CR S9012-9015) IntroReferral B00100 9 Library of Congress 2009-08-06 Introduced in Senate IntroReferral 10000 9 Library of Congress B001267 Sen. Bennet, Michael F. [D-CO] Michael Bennet D CO N Economics and Public Finance Adoption and foster care Afghanistan Asia Budget deficits and national debt Budget process Congressional oversight Defense spending Disability assistance Foreign loans and debt Income tax credits International monetary system and foreign exchange Iraq Legislative rules and procedure Middle East Military operations and strategy Poverty and welfare assistance Roads and highways Economics and Public Finance 00 2009-08-06 Introduced in Senate 2009-11-17T15:34:57Z Deficit Reduction Act of 2009 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to redefine, for FY2011-FY2019, discretionary spending limits (spending caps) for new budget authority and outlays to mean the baseline, minus any emergency spending, for the preceding fiscal year as adjusted for inflation and (as under current law) as adjusted in strict conformance with such Act.

Revises sequestration requirements for enforcement of discretionary spending limits. Requires the Office of Management and Budget (OMB) to conduct such a sequestration to eliminate a budget year breach.

Eliminates specific formula requirements for adjustments to discretionary spending limits for: (1) highways; (2) continuing disability reviews for the Social Security Administration (SSA); (3) allowances for the International Monetary Fund (IMF); (4) specified allowances for international arrearages; (5) the earned income tax credit (EITC) compliance initiative; (6) Department of Health and Human Services (HHS) adoption incentive payments; and (7) conservation.

Prescribes an adjustment to discretionary spending limits for overseas contingency operations related to the global war on terrorism, including Iraq and Afghanistan.

Redefines low-growth, for purposes of OMB's required low-growth notification to Congress, from less than zero to less than 1%.

Extends Pay-As-You-Go requirements and enforcement mechanisms through FY2019.

Establishes sequestration enforcement mechanisms to eliminate deficit limits for FY2012-FY2019.

Specifies additional Social Security, veterans, Tier I Railroad Retirement benefits and other programs and activities exempt from a sequestration order as well as certain economic recovery programs.

Amends the Congressional Budget Act of 1974 (CBA) to make it out of order in both chambers to consider any legislation causing the discretionary limits in the Gramm-Rudman-Hollings Act to be exceeded.

]]> Deficit Reduction Act of 2009 Display Title Deficit Reduction Act of 2009 Official Title as Introduced A bill to reduce the Federal budget deficit in a responsible manner. Introduced in Senate IS Short Titles as Introduced Deficit Reduction Act of 2009 Introduced in Senate 2009-08-06T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s1613is/xml/BILLS-111s1613is.xml 2009-08-06 Read twice and referred to the Committee on the Budget. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.