[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. 726 Introduced in Senate (IS)]

112th CONGRESS
  1st Session
                                 S. 726

To rescind $45 billion of unobligated discretionary appropriations, and 
                          for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 5, 2011

   Mr. Rubio introduced the following bill; which was read twice and 
                referred to the Committee on the Budget

_______________________________________________________________________

                                 A BILL


 
To rescind $45 billion of unobligated discretionary appropriations, and 
                          for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Decrease Spending Now Act''.

SEC. 2. RESCISSION OF UNOBLIGATED DISCRETIONARY APPROPRIATIONS.

    (a) In General.--Of the unobligated balances of discretionary 
appropriations on the date of enactment of this Act, $45,000,000,000 is 
rescinded.
    (b) Implementation.--
            (1) In general.--The Director of the Office of Management 
        and Budget shall determine which appropriation accounts the 
        rescission under subsection (a) shall apply to and the amount 
        that each such account shall be reduced by pursuant to such 
        rescission.
            (2) Report.--Not later than 60 days after the date of the 
        enactment of this Act, the Director of the Office of Management 
        and Budget shall submit a report to the Secretary of the 
        Treasury and Congress listing the accounts reduced by the 
        rescission in subsection (a) and the amounts rescinded from 
        each such account.
    (c) Exceptions.--The rescission under subsection (a) shall not 
apply to the Department of Defense, the Department of Veterans Affairs, 
or the Social Security Administration.
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