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Bipartisan Budget Act Of 2013
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Book Synopsis Bipartisan Budget Act of 2013 by : United States. Congress. House. Committee on the Budget
Download or read book Bipartisan Budget Act of 2013 written by United States. Congress. House. Committee on the Budget and published by . This book was released on 2014 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Bipartisan Budget Act of 2013, Serial No. CP-2, February 2014, 113-2 Committee Print, *. by :
Download or read book Bipartisan Budget Act of 2013, Serial No. CP-2, February 2014, 113-2 Committee Print, *. written by and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Bipartisan Budget Act of 2013 by : United States. Congress. House. Committee on the Budget
Download or read book Bipartisan Budget Act of 2013 written by United States. Congress. House. Committee on the Budget and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Bipartisan Budget Act of 2013: A Legislative History of Public Law No. 113-67 by : Manz
Download or read book Bipartisan Budget Act of 2013: A Legislative History of Public Law No. 113-67 written by Manz and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Bipartisan Budget Act of 2013: A Legislative History of Public Law by : Manz
Download or read book Bipartisan Budget Act of 2013: A Legislative History of Public Law written by Manz and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Provisions in the Bipartisan Budget Act of 2013 as an Alternative to a Traditional Budget Resolution by : Megan Suzanne Lynch
Download or read book Provisions in the Bipartisan Budget Act of 2013 as an Alternative to a Traditional Budget Resolution written by Megan Suzanne Lynch and published by . This book was released on 2014 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Budget Control Act by : Grant Driessen
Download or read book The Budget Control Act written by Grant Driessen and published by Createspace Independent Publishing Platform. This book was released on 2017-07-19 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: When there is concern with deficit or debt levels, Congress will sometimes implement budget enforcement mechanisms to mandate specific budgetary policies or fiscal outcomes. The Budget Control Act of 2011(BCA; P.L. 112-25), which was signed into law on August 2, 2011, includes several such mechanisms. The BCA as amended has three main components that currently affect the annual budget. One component imposes annual statutory discretionary spending limits for defense and non-defense spending. A second component requires annual reductions to the initial discretionary spending limits triggered by the absence of a deficit reduction agreement from a committee formed by the BCA. Third are annual automatic mandatory spending reductions triggered by the same absence of a deficit reduction agreement. Each of those components is described in further detail in this report. The discretionary spending limits (and annual reductions) are currently scheduled to remain in effect through FY2021, while the mandatory spending reductions are scheduled to remain in effect through FY2025. Congress may modify or repeal any aspect of the BCA procedures, but such changes require the enactment of legislation. Several pieces of legislation have changed the spending limits or enforcement procedures included in the BCA with respect to each year from FY2013 through FY2017. These include the American Taxpayer Relief Act of 2012 (ATRA/P.L. 112-240), the Bipartisan Budget Act of 2013 (BBA 2013/P.L. 113-67, also referred to as the Murray-Ryan agreement), and the Bipartisan Budget Act of 2015 (BBA 2015/P.L. 114-74). Those laws included changes to the discretionary limits imposed by the BCA that increased deficits in each year from FY2013-FY2017. No change has been enacted for FY2018 and beyond, so the discretionary spending limits for FY2018 through FY2021 remain at the level prescribed by the BCA. The discretionary caps in FY2018 are scheduled to be approximately $549 billion for defense activities and $516 billion for nondefense activities This report addresses several frequently asked questions related to the BCA and the annual budget.
Book Synopsis Activities and Summary Report of the Committee on the Budget, U.S. House of Representatives by : United States. Congress. House. Committee on the Budget
Download or read book Activities and Summary Report of the Committee on the Budget, U.S. House of Representatives written by United States. Congress. House. Committee on the Budget and published by . This book was released on 2014 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis An Act to Ensure That the Reduced Annual Cost-of Living Adjustment to the Retired Pay of Members and Former Members of the Armed Forces Under the Age of 62 Required by the Bipartisan Budget Act of 2013 Will Not Apply to Members Or Former Members Who First Became Members Prior to January 1, 2014, and for Other Purposes by :
Download or read book An Act to Ensure That the Reduced Annual Cost-of Living Adjustment to the Retired Pay of Members and Former Members of the Armed Forces Under the Age of 62 Required by the Bipartisan Budget Act of 2013 Will Not Apply to Members Or Former Members Who First Became Members Prior to January 1, 2014, and for Other Purposes written by and published by . This book was released on 2014 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis 2013 Sequestrian Selected Federal Agencies Reduced Some Services and Investments, While Taking Short-Term Actions to Mitigate Effects by : United States Government Accountability
Download or read book 2013 Sequestrian Selected Federal Agencies Reduced Some Services and Investments, While Taking Short-Term Actions to Mitigate Effects written by United States Government Accountability and published by CreateSpace. This book was released on 2015-01-01 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Balanced Budget and Emergency Deficit Control Act of 1985 (BBEDCA) established sequestration to enforce discretionary spending limits and control the deficit. In August 2011, Congress and the President enacted the Budget Control Act of 2011 (BCA), amending BBEDCA. Among other things, the BCA established the Joint Select Committee on Deficit Reduction (Joint Committee), which was tasked with proposing legislation to reduce the deficit by $1.2 trillion or more through fiscal year 2021. The absence of such legislation triggered the sequestration process in section 251A of BBEDCA, known as the Joint Committee sequestration, which is the subject of this report.7 6Pub. L. No. 112-25, 125 Stat. 240 (Aug. 2, 2011). BBEDCA has been amended many times, including by the Budget Enforcement Act of 1990, the Statutory Pay-As-You-Go Act of 2010, the Budget Control Act of 2011, the American Taxpayer Relief Act of 2012, and the Bipartisan Budget Act of 2013. This body of law is classified in sections 900 through 907d in title 2 of the United States Code. During fiscal year 2013, several laws changed the timing and amount of sequestration.
Book Synopsis Review of Legislative Activity During the ... Congress, Senate Rpt. 114-31, 113th Congress (2013-2014), April 14, 2015, 114-1 by :
Download or read book Review of Legislative Activity During the ... Congress, Senate Rpt. 114-31, 113th Congress (2013-2014), April 14, 2015, 114-1 written by and published by . This book was released on 2015 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :Congressional Research Congressional Research Service Publisher :CreateSpace ISBN 13 :9781503177147 Total Pages :26 pages Book Rating :4.1/5 (771 download)
Book Synopsis The Federal Budget by : Congressional Research Congressional Research Service
Download or read book The Federal Budget written by Congressional Research Congressional Research Service and published by CreateSpace. This book was released on 2014-11-04 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: The federal budget is central to Congress's ability to exercise its "power of the purse." Each fiscal year Congress and the President undertake a variety of steps intended to set levels of spending and revenue and to make policy decisions. The purpose of this report is to provide an overview and background on the current budget debate. This report will track legislative events related to the federal budget and will be updated as budgetary legislation moves through Congress. In recent years, policies enacted to restrain spending, along with a stronger economy, have led to reductions in the budget deficit. On August 2, 2011, the President signed into law the Budget Control Act of 2011 (P.L. 112-25). The BCA contained a variety of measures intended to reduce the deficit by at least $2.1 trillion over the FY2012-FY2021 period, along with a mechanism to increase the debt limit. Two subsequent pieces of legislation have modified the BCA since it was enacted-the American Taxpayer Relief Act of 2012 (ATRA; P.L. 112-240) and the Bipartisan Budget Act of 2013 (BBA; P.L. 113-67). Both pieces of legislation allow for more discretionary spending than was provided under the BCA for FY2013, FY2014, and FY2015. Various deficit reduction measures were included to offset the costs of the changes to spending levels in both ATRA and the BBA. The BCA and the BBA will continue to affect spending levels in FY2015 and beyond as Congress may debate whether or not to enact further changes. The Obama Administration released its FY2015 budget in two parts-the first on March 4, 2014, and the second on March 10, 2014. In his budget, President Obama proposes an "Opportunity, Growth, and Security Initiative" to provide additional funding for unspecified discretionary programs in FY2015. The budget also proposes to eliminate the BCA sequester on mandatory programs in FY2015. These proposals yield a deficit for FY2015 that is slightly higher than what is currently projected in the CBO baseline. Congressional consideration of FY2015 budget and appropriations legislation has already begun. The BBA contained a provision directing the House and Senate Budget Committee chairmen to file spending and revenue levels in the Congressional Record that would be enforceable in the same manner as a concurrent budget resolution for FY2015 if an agreement on a budget resolution could not be reached by April 15, 2014. However, nothing would preclude Congress from acting on a budget resolution for FY2015 even after those levels have been filed. It has been reported that Senate Budget Committee Chairman Patty Murray has signaled that the provisions contained in the BBA make a budget resolution for FY2015 unnecessary. On April 10, 2014, the House agreed to a budget resolution (H.Con.Res. 96, 113th Congress) by a vote of 219 to 205.
Book Synopsis Defense by : Library of Congress. Congressional Research Service
Download or read book Defense written by Library of Congress. Congressional Research Service and published by . This book was released on 2013 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: President Obama's FY2014 base budget request of $552.0 billion in discretionary budget authority for the Department of Defense (DOD) and defense-related programs of other agencies (excluding war costs), exceeds by $53.9 billion the legally binding cap on defense funding for FY2014 that was enacted in 2011 as part of the Budget Control Act (P.L. 112-25). Unless the Budget Control Act (BCA) is amended, either Congress will have to cut the Administration's National Defense request by $53.9 billion (about 9.8%) to meet the BCA cap of $498.1 billion, or else the BCA law will reduce the appropriation to the level set by the cap through a process of sequestration, beginning in January 2014. On December 11, 2013, Congressman Paul C. Ryan and Senator Patty Murray, chairs of the House and Senate budget committees, respectively, and co-Chairs of the group appointed to develop a budget compromise to avoid a sequester in mid-January 2014, introduced the Bipartisan Budget Act of 2013 which raises defense and non-defense budget spending limits for FY2014 and FY2015. For FY2014, the proposal raises the current budget limit for National Defense limit by $22 billion to a total of $520 billion, or $2 billion above the level set in the Continuing Resolution (CR) of 2014.3 For the Department of Defense, the new FY2014 limit would be set at $497 billion rather than the current limit of $476 just above the CR. If Congress extends the current CR level for the full year at these new limits, then there would be no sequester in January 2014. For DOD, the new limits would essentially be a nominal freeze, setting DOD spending at $2 billion above the FY2013 post-sequester level. If the Bipartisan Budget Act becomes law, the appropriations committees in both houses are expected to conference to the new limits.
Author :Congressional Research Service Publisher :Createspace Independent Publishing Platform ISBN 13 :9781548408985 Total Pages :42 pages Book Rating :4.4/5 (89 download)
Book Synopsis Discretionary Budget Authority by Subfunction by : Congressional Research Service
Download or read book Discretionary Budget Authority by Subfunction written by Congressional Research Service and published by Createspace Independent Publishing Platform. This book was released on 2017-06-28 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides a graphical overview of historical trends in discretionary budget authority (BA) from FY1977 through FY2016, preliminary estimates for FY2017 spending, and the levels reflecting the President's proposals for FY2018 through FY2022 using data from the FY2018 budget submission released on May 23, 2017. This report, by illustrating trends in broad budgetary categories, provides a starting point for discussions about fiscal priorities. Other CRS products analyze spending trends in specific functional areas. Functional categories (e.g., national defense, agriculture, etc.) provide a means to compare federal funding for activities within broad policy areas that often cut across several federal agencies. Subfunction categories provide a finer division of funding levels within narrower policy areas. Spending in this report is measured and illustrated in terms of discretionary budget authority as a percentage of gross domestic product (GDP). Measuring spending as a percentage of GDP in effect controls for inflation and population increases. A flat line on such graphs indicates that spending has increased at the same rate as overall economic growth. In some cases, rescissions, offsetting receipts, or budgetary scorekeeping adjustments result in negative budget authority. Discretionary spending is provided and controlled through appropriations acts, which provide budget authority to fund many of the activities commonly associated with such federal government functions as running executive branch agencies, congressional offices and agencies, and international operations of the government. Essentially all spending on federal wages and salaries is discretionary. Administrative costs for entitlement programs such as Social Security are generally funded by discretionary spending, while mandatory spending-not shown in figures presented in this report-generally funds the benefits provided through those programs. For some federal programs, such as surface transportation, the division of funding into discretionary and mandatory categories can be complex. Spending caps and budget enforcement mechanisms established in the Budget Control Act of 2011 (BCA) strongly affected recent budgets. The BCA set discretionary spending caps on defense and non-defense funding and created a formula to lower those caps to achieve a portion of spending cuts called for in the BCA. Congress modified BCA caps several times, first for FY2013 as part of the fiscal cliff deal at the start of January 2013 (American Taxpayer Relief Act of 2012), then through the Bipartisan Budget Act of 2013 (BBA2013) and the Bipartisan Budget Act of 2015, thus avoiding decreases in levels of discretionary funding. The Trump Administration has proposed changes in BCA caps to allow higher defense spending and to constrain non-defense spending. A first continuing resolution was enacted on September 29, 2016, which provides discretionary funding through December 9, 2016. A second continuing resolution enacted on December 10, 2016 extended funding through April 28, 2017. A stopgap funding measure was enacted on April 28, 2017. An omnibus appropriations measure enacted on May 5, 2017, provided funding for the remainder of FY2017. As the 115th Congress begins consideration of the FY2018 budget, past spending trends may help frame policy discussions. For example, rapid growth in national defense and other security spending during the past decade, along with the fiscal consequences and responses to the 2007-2009 Great Recession, has played an important role in fiscal discussions. Since FY2010, base defense discretionary spending has essentially been held flat and non-defense discretionary spending has been reduced significantly. The base defense budget excludes war funding (Overseas Contingency Operations/Global War on Terror). While war funding levels are well below those of the last decade, they still represent significant commitments of federal resources.
Book Synopsis Review of Legislative Activity During the 113th Congress, Senate Rpt. 114-31, April 14, 2015, 114-1 by :
Download or read book Review of Legislative Activity During the 113th Congress, Senate Rpt. 114-31, April 14, 2015, 114-1 written by and published by . This book was released on 2015 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Discretionary Budget Authority by Subfunction by : Congressional Research Service
Download or read book Discretionary Budget Authority by Subfunction written by Congressional Research Service and published by CreateSpace. This book was released on 2015-02-05 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides a graphical overview of historical trends in discretionary budget authority (BA) from FY1976 through FY2014, preliminary estimates for FY2015 spending, and the levels reflecting the President's proposals for FY2016 through FY2020 using data from the FY2016 budget submission released on February 2, 2015. Spending in this report is measured and illustrated in terms of discretionary budget authority as a percentage of gross domestic product (GDP). Measuring spending as a percentage of GDP in effect controls for inflation and population increases. A flat line on such graphs indicates spending that increased at the same rate as overall economic growth. Functional categories (e.g., national defense, agriculture, etc.) provide a means to compare federal funding for activities within broad policy areas that often cut across several federal agencies. Subfunction categories provide a finer division of funding levels within narrower policy areas. Budget function categories are used within the budget resolution and for other purposes, such as possible program cuts and tax expenditures. Spending caps and budget enforcement mechanisms established in the Budget Control Act of 2011 (P.L. 112-25; BCA) strongly affected recent budget cycles. Congress modified BCA caps for FY2013 as part of the fiscal cliff deal and modified caps for FY2014 and FY2015 through the Murray-Ryan agreement (Bipartisan Budget Act of 2013; BBA; H.J.Res. 59; P.L. 113-67). The BCA set discretionary spending caps on defense (budget function 050) and non-defense funding that are lowered to achieve a portion of spending cuts according to a formula in the BCA. The lowering of caps was turned off for FY2014 and FY2015 by the Murray-Ryan agreement. The estimated lowered defense cap for FY2016 is $523 billion, slightly above the FY2015 cap of $521.3 billion. The estimated non-defense lowered cap for FY2016 is $493.0 billion, close to the FY2015 cap of $492.4 billion. The Obama Administration, in its FY2016 budget submission, proposed raising caps to accommodate higher spending on domestic and military priorities. As the 114th Congress prepares to consider funding levels for FY2016 and beyond, past spending trends may help frame policy discussions. For example, rapid growth in national defense and other security spending in the past decade has played an important role in fiscal discussions. The American Recovery and Reinvestment Act of 2009 (P.L. 111-5; ARRA), a stimulus measure enacted after a sharp economic downturn, funded sharp increases in spending on education, energy, and other areas. Since FY2010, however, base defense discretionary spending has essentially been held flat and non-defense discretionary spending has been reduced significantly. The base defense budget excludes war funding (Overseas Contingency Operations/Global War on Terror). This report provides a starting point for discussions about spending trends. Other CRS products analyze spending trends in specific functional areas.
Book Synopsis The Pig Book by : Citizens Against Government Waste
Download or read book The Pig Book written by Citizens Against Government Waste and published by Macmillan. This book was released on 2005-04-06 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: A compendium of the most ridiculous examples of Congress's pork-barrel spending.
