H.R. 2560 (112th): Cut, Cap, and Balance Act of 2011

Introduced:
Jul 15, 2011 (112th Congress, 2011–2013)
Status:
Died (Passed House)
Sponsor
Jason Chaffetz
Representative for Utah's 3rd congressional district
Party
Republican
Text
Read Text »
Last Updated
Jul 20, 2011
Length
12 pages
Related Bills
H.Res. 355 (rule)

Agreed To (Simple Resolution)
Jul 19, 2011

 
Status

This bill was introduced in a previous session of Congress and was passed by the House on July 19, 2011 but was never passed by the Senate.

Progress
Introduced Jul 15, 2011
Referred to Committee Jul 15, 2011
Passed House Jul 19, 2011
 
Full Title

To cut, cap, and balance the Federal budget.

Summary

No summaries available.

Votes
Jul 19, 2011 8:23 p.m.
Passed 234/190
Jul 22, 2011 10:05 a.m.
Motion to Table Agreed to 51/46

Cosponsors
117 cosponsors (117R) (show)
Committees

House Rules

House Budget

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


7/19/2011--Passed House without amendment.
Cut, Cap, and Balance Act of 2011 -
Title I - Cut
Section 101 -
Amends the Congressional Budget Act of 1974 (CBA) to make it out of order in both chambers to consider any bill, joint resolution, amendment, or conference report that would cause the discretionary spending limits established in this Act to be exceeded.
Establishes the discretionary spending limits for FY2012 as $1,019,402,000,000 in new budget authority and $1,224,568,000,000 in outlays.
Authorizes the Chairman of the Senate Committee on the Budget to adjust such limits, budgetary aggregates in the most recently adopted concurrent budget resolution, and CBA committee allocations if a bill or joint resolution is reported making appropriations for FY2012 that provides funding for the global war on terrorism.
Makes it out of order in both chambers to consider any legislation that includes any provision that would cause total direct spending to exceed the spending limit specified in this Act. Exempts from such spending limits: (1) Social Security, function 650; (2) Medicare, function 570; (3) Veterans Benefits and Services, function 700; and (4) Net Interest, function 900.
Makes $680.73 billion the limit on total combined outlays for all non-exempt direct spending for FY2012.
Section 102 -
Amends the CBA to prescribe requirements for implementing sequestration orders under the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to enforce the discretionary and direct spending caps in this Act.
Exempts from any sequestration orders: (1) payments for military personnel accounts (within subfunctional category 051), (2) TRICARE for Life, (3) Medicare (functional category 570), (4) military retirement, (5) Social Security (functional category 650), (6) veterans (functional category 700), (7) net interest (functional category 900), and (8) discretionary appropriations.
Makes it out of order in both chambers to consider legislation which waives, modifies, or in any way alters a sequestration order unless the chair of the House or Senate Committee on the Budget certifies that the measure achieves the same levels of reductions in new budget authority and outlays for the applicable year in such order.
Title II - Cap
Section 201 -
Amends the CBA to prescribe requirements for enforcing GDP outlay limits.
Requires: (1) the Office of Management and Budget (OMB) to establish in the President's budget the GDP outlay limit for the budget year, and (2) total federal outlays to include all on-budget and off-budget outlays.
Section 202 -
Amends the CBA to make it out of order in both chambers to consider any legislation that would cause the most recently reported current GDP outlay limits set forth in this Act to be exceeded.
Title III - Balance
Section 301 -
Prohibits the Secretary of the Treasury from exercising additional borrowing authority until the date that the Archivist of the United States transmits to the states for their ratification H.J. Res. 1 (as reported on June 23, 2011), S.J. Res. 10 (as introduced on March 31, 2011), or H.J. Res. 56 (as introduced on April 7, 2011), a balanced budget amendment to the Constitution, or a similar amendment if it requires that total outlays not exceed total receipts, contains a spending limitation as a percentage of GDP, and requires that tax increases be approved by a two-thirds vote in both chambers.
Increases the public debt from $14.294 trillion to $16.7 trillion on the date such legislation is transmitted to the states.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

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