3.0.0 245 2023-01-11T13:20:30Z 2023-01-11T13:20:30Z Senate S S 2011-02-01 112 ssbu00 Budget Committee Senate Standing Referred to 2011-02-01T16:35:11Z Returning to Responsible Fiscal Policies Act 112 2041 HR 2011-05-26 Referred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. Related bill CRS CAP Act of 2011 112 1605 HR 2011-04-15 Referred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. Identical bill CRS 2011-02-01 ssbu00 Budget Committee Senate Read twice and referred to the Committee on the Budget. (text of measure as introduced: CR S5078) IntroReferral 2011-02-01 Sponsor introductory remarks on measure. (CR S412-413) IntroReferral B00100 9 Library of Congress 2011-02-01 Introduced in Senate IntroReferral 10000 9 Library of Congress C001071 Sen. Corker, Bob [R-TN] Bob Corker R TN N M001170 Sen. McCaskill, Claire [D-MO] Claire McCaskill D MO 2011-02-01 True B001135 Sen. Burr, Richard [R-NC] Richard Burr R NC Mauze 2011-02-01 True M000303 Sen. McCain, John [R-AZ] JOHN MCCAIN R AZ SIDNEY 2011-02-01 True A000360 Sen. Alexander, Lamar [R-TN] Lamar Alexander R TN 2011-02-01 True I000055 Sen. Isakson, Johnny [R-GA] Johnny Isakson R GA 2011-02-01 True C000286 Sen. Chambliss, Saxby [R-GA] SAXBY CHAMBLISS R GA 2011-02-01 True I000024 Sen. Inhofe, James M. [R-OK] Jim Inhofe R OK 2011-02-01 True K000360 Sen. Kirk, Mark Steven [R-IL] MARK KIRK R IL STEVEN 2011-02-01 True K000352 Sen. Kyl, Jon [R-AZ] Jon Kyl R AZ Llewellyn 2011-02-02 False C000880 Sen. Crapo, Mike [R-ID] Mike Crapo R ID 2011-02-02 False J000293 Sen. Johnson, Ron [R-WI] Ron Johnson R WI 2011-04-14 False L000304 Sen. Lieberman, Joseph I. [ID-CT] JOSEPH LIEBERMAN ID CT I. 2011-04-14 False M001183 Sen. Manchin, Joe, III [D-WV] Joseph Manchin D WV 2011-05-02 False A000368 Sen. Ayotte, Kelly [R-NH] Kelly Ayotte R NH 2011-05-10 False H001061 Sen. Hoeven, John [R-ND] John Hoeven R ND 2011-05-18 False Economics and Public Finance Appropriations Budget deficits and national debt Budget process Economic performance and conditions Executive agency funding and structure Legislative rules and procedure Economics and Public Finance 00 2011-02-01 Introduced in Senate 2011-04-12T16:27:06Z Commitment to American Prosperity Act of 2011 or CAP Act of 2011 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to require: (1) the Office of Management and Budget (OMB) to estimate the Gross Domestic Product (GDP) outlay limit for the target fiscal year at the outset of the previous fiscal year, on April 30, on August 20, and 15 days after the conclusion of the fiscal year; (2) the Congressional Budget Office (CBO) to provide advisory reports calculating the GDP outlay limit at identical times; and (3) a sequestration by OMB within 45 calendar days after the beginning of a fiscal year to eliminate the excess outlay amount.

Prescribes requirements for CBO and OMB advisory sequestration preview reports and an OMB final sequestration report, accompanied by a presidential order detailing the uniform spending reduction.

Requires the House and the Senate budget committees to report a resolution directing their committees to change the existing law to achieve the goals outlined in the OMB August 20 report if it projects a sequestration.

Allows total federal outlays to exceed the GDP outlay limit if during the fiscal year the excess amount is being paid to reduce the public debt or the public debt is zero.

States that if, after November 15, a bill resulting in outlays for the current fiscal year is enacted that causes excess outlays, the excess outlays for the next fiscal year shall be increased by the amount or amounts of that breach.

Amends the Congressional Budget Act of 1974 to make it out of order in both chambers to consider any bill, joint resolution, amendment, or conference report that includes any provision that would cause the most recently reported current GDP outlay limits in the Gramm-Rudman-Hollings Act to be exceeded. Prescribes procedures for waiver or suspension of this rule.

]]> Commitment to American Prosperity Act of 2011 Display Title Commitment to American Prosperity Act of 2011 Official Title as Introduced A bill to reduce Federal spending in a responsible manner. Introduced in Senate IS Short Titles as Introduced Commitment to American Prosperity Act of 2011 Short Titles as Introduced CAP Act of 2011 Introduced in Senate 2011-02-01T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s245is/xml/BILLS-112s245is.xml 2011-02-01 Read twice and referred to the Committee on the Budget. (text of measure as introduced: CR S5078) 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.