3.0.0 3096 2023-01-11T13:16:14Z 2023-01-11T13:16:14Z Senate S S 2010-03-10 111 ssbu00 Budget Committee Senate Standing Referred to 2010-03-10T17:03:00Z Spending, Deficit, and Debt Control Act of 2009 111 3964 HR 2009-10-29 Referred to House Ways and Means Related bill CRS Tighten Washington's Belt Act of 2010 111 4479 HR 2010-01-20 Referred to the House Committee on the Budget. Related bill CRS Save America's Future Economy Act of 2010 111 5323 HR 2010-05-18 Referred to the House Committee on the Budget. Related bill CRS Fiscal Freeze Act of 2010 111 3026 S 2010-02-23 Read twice and referred to the Committee on the Budget. Related bill CRS Honest Expenditure Limitation Program Act of 2010 111 3095 S 2010-03-09 Read twice and referred to the Committee on the Budget. Related bill CRS 2010-03-10 ssbu00 Budget Committee Senate Read twice and referred to the Committee on the Budget. IntroReferral 2010-03-10 Sponsor introductory remarks on measure. (CR S1360-1362) IntroReferral B00100 9 Library of Congress 2010-03-10 Introduced in Senate IntroReferral 10000 9 Library of Congress B000382 Sen. Bennett, Robert F. [R-UT] ROBERT BENNETT R UT F. N Economics and Public Finance Appropriations Budget deficits and national debt Budget process Congressional oversight Government trust funds Legislative rules and procedure Social security and elderly assistance Economics and Public Finance 00 2010-03-10 Introduced in Senate 2010-04-28T20:02:26Z Economic Disaster Prevention Act of 2010 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to establish non-defense discretionary spending limits for FY2011-FY2020.

Prohibits the total level of direct spending for all direct spending programs, projects, and activities for FY2011-FY2020 from exceeding the respective total levels for the previous fiscal year after the direct spending for each such program, project, or activity is increased by a specified calculation.

Requires the Office of Management and Budget (OMB) and the Congressional Budget Office (CBO) to issue non-defense discretionary spending limit and direct spending limit sequestration preview reports, including updates.

Requires the OMB report to explain: (1) any differences between OMB and CBO estimates of any net direct spending change, any excess deficit, any breach, and any required sequestration percentage; and (2) differences in the amount of sequesterable resources for any budget account to be reduced if such difference is greater than $5 million.

Requires the President to issue a sequestration order, effective on issuance, if OMB in its Final Sequestration Report estimates that any sequestration is required.

Requires the Comptroller General, upon request of the congressional budget committees, to report to Congress and the President on the extent to which each such issued presidential order or OMB or CBO report complies with all of the requirements contained in this Act.

Requires CBO to send Congress a low-growth report if real economic growth is projected or estimated to be less than zero with respect to each of any two consecutive quarters within a specified period.

Amends the Congressional Budget Act of 1974 with respect to enforcement mechanisms for: (1) non-defense discretionary spending limits; (2) direct spending limits; and (3) sequestration orders.

Amends the Gramm-Rudman-Hollings Act to prescribe administrative and legislative procedures for spending reduction orders to eliminate breaches of non-defense discretionary spending limits and direct spending limits.

Makes it out of order to consider in the Senate or the House of Representatives any legislation that increases the level of direct spending for an existing program or creates new direct spending unless it provides that the increased or new direct spending expires 10 years after its effective date.

]]> Economic Disaster Prevention Act of 2010 Display Title Economic Disaster Prevention Act of 2010 Official Title as Introduced A bill to prevent an economic disaster by providing budget reform. Introduced in Senate IS Short Titles as Introduced Economic Disaster Prevention Act of 2010 Introduced in Senate 2010-03-10T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s3096is/xml/BILLS-111s3096is.xml 2010-03-10 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.