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H.R. 242: To repeal the Statutory Pay-As-You-Go Act of 2010.


The text of the bill below is as of Jan 4, 2019 (Introduced).

Summary of this bill

Should the government be able to create new spending without finding a corresponding spending cut?

Context

Under a law called the Statutory Pay-As-You-Go Act of 2010, the cost of any new legislation must be offset by either cuts elsewhere in the federal budget or increased revenues. This reinstated rules that were previously in place from 1990 to 2002, the latter part of which was the only time in the past half-century that the government ran a surplus instead of a deficit.

It was passed in 2010 by Democrats ahead of the midterm elections, trying to counter a public image that they were reckless spenders ballooning the deficit. It didn’t ...


I

116th CONGRESS

1st Session

H. R. 242

IN THE HOUSE OF REPRESENTATIVES

January 4, 2019

(for herself, Mr. Pocan, Mr. Khanna, Mr. McGovern, Ms. Ocasio-Cortez, Mr. Nadler, Ms. Lee of California, Ms. Velázquez, Ms. Pingree, Mrs. Lawrence, Mr. Raskin, Mr. Espaillat, Ms. Schakowsky, Ms. Clarke of New York, Mr. Grijalva, Mr. Serrano, and Mr. Gomez) introduced the following bill; which was 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

A BILL

To repeal the Statutory Pay-As-You-Go Act of 2010.

1.

Repealer

The Statutory Pay-As-You-Go Act of 2010 (2 U.S.C. 931 et seq.) is repealed.