3.0.0 640 2023-01-11T13:19:43Z 2023-01-11T13:19:43Z Senate S S 2009-03-19 111 ssbu00 Budget Committee Senate Standing Referred to 2009-03-19T15:54:03Z 2009-03-19 ssbu00 Budget Committee Senate Read twice and referred to the Committee on the Budget. IntroReferral 2009-03-19 Introduced in Senate IntroReferral 10000 9 Library of Congress G000445 Sen. Gregg, Judd [R-NH] Judd Gregg R NH N L000304 Sen. Lieberman, Joseph I. [ID-CT] JOSEPH LIEBERMAN ID CT I. 2009-03-19 True L000572 Sen. LeMieux, George S. [R-FL] George LeMieux R FL S. 2009-10-13 False Economics and Public Finance Appropriations Budget process Congressional oversight General taxation matters Income tax credits Income tax deductions Income tax rates Legislative rules and procedure Presidents and presidential powers, Vice Presidents Economics and Public Finance 00 2009-03-19 Introduced in Senate 2009-04-27T15:30:53Z Second Look at Wasteful Spending Act of 2009 - Amends the Congressional Budget and Impoundment Control Act of 1974 to authorize the President to transmit annually to Congress a maximum of four special messages that propose to rescind dollar amounts of discretionary budget authority, items of direct spending, and targeted tax benefits.

Requires an analysis by: (1) the Congressional Budget Office (CBO) of an estimated savings in budget authority or outlays resulting from any such rescission; and (2) the Joint Committee on Taxation of an estimated savings resulting from repeal of targeted tax benefits.

Requires any rescinded budget authority, items of direct spending, or targeted tax benefit to be dedicated only to deficit reduction, and not to be used as an offset for other spending increases or revenue reductions.

Provides for adjustment of: (1) committee allocations resulting from such rescission; and (2) applicable limits, as appropriate, under this Act.

Sets forth procedures for expedited congressional consideration of a proposed rescission.

]]> Second Look at Wasteful Spending Act of 2009 Display Title Second Look at Wasteful Spending Act of 2009 Official Title as Introduced A bill to provide Congress a second look at wasteful spending by establishing enhanced rescission authority under fast-track procedures. Introduced in Senate IS Short Titles as Introduced Second Look at Wasteful Spending Act of 2009 Introduced in Senate 2009-03-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s640is/xml/BILLS-111s640is.xml 2009-03-19 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.