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Bill > HR242


US HR242

US HR242
To repeal the Statutory Pay-As-You-Go Act of 2010.


summary

Introduced
01/04/2019
In Committee
01/04/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To repeal the Statutory Pay-As-You-Go Act of 2010. This bill repeals the Statutory Pay-As-You-Go Act of 2010, which currently prohibits direct spending and revenue legislation from increasing the budget deficit.

AI Summary

This bill repeals the Statutory Pay-As-You-Go Act of 2010, which currently prohibits direct spending and revenue legislation from increasing the budget deficit. The Statutory Pay-As-You-Go Act of 2010 required that new legislation affecting federal direct spending or revenue be budget neutral, meaning that any increases in spending or reductions in revenue had to be offset by decreases in spending or increases in revenue elsewhere. This bill would remove that requirement, allowing for legislation that could increase the budget deficit.

Committee Categories

Budget and Finance

Sponsors (33)

Last Action

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. (on 01/04/2019)

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