Gramm–Rudman–Hollings Balanced Budget Act
United States federal law concerning austerity and sequestration / From Wikipedia, the free encyclopedia
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The Gramm–Rudman–Hollings Balanced Budget and Emergency Deficit Control Act of 1985[1] and the Balanced Budget and Emergency Deficit Control Reaffirmation Act of 1987[2] (both often known as Gramm–Rudman) were the first binding spending constraints on the federal budget.[3]
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Quick Facts Other short titles, Long title ...
Other short titles | Gramm–Rudman–Hollings Deficit Reduction Act of 1985 |
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Long title | A joint resolution increasing the statutory limit on the public debt. |
Acronyms (colloquial) | BBEDCA |
Nicknames | Deficit Control Act |
Enacted by | the 99th United States Congress |
Effective | December 12, 1985 |
Citations | |
Public law | 99-177 |
Statutes at Large | 99 Stat. 1037 |
Codification | |
Acts amended | Congressional Budget and Impoundment Control Act of 1974 |
Titles amended | 2 U.S.C.: Congress |
U.S.C. sections amended | 2 U.S.C. ch. 20 § 901 |
Legislative history | |
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Major amendments | |
Deficit Reduction Act of 2005 Budget Control Act of 2011 Fiscal Responsibility Act of 2023 |
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After enactment, these Acts were often referred to as "Gramm-Rudman-Hollings I" and Gramm-Rudman-Hollings II) after U.S. Senators Phil Gramm (R-Texas), Warren Rudman (R-New Hampshire), and Fritz Hollings (D-South Carolina), who were credited as their chief authors.