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US HR2855

US HR2855
Emergency Jobs Now Act


summary

Introduced
In Committee
Crossed Over
Passed
Dead

Introduced Session

112th Congress

Bill Summary

Emergency Jobs Now Act - Amends the Budget Control Act of 2011 to rename the Joint Select Committee on Deficit Reduction as the Joint Select Committee on Emergency Job Creation and Deficit Reduction. Requires the Joint Committee to recommend legislative language to: (1) enact emergency jobs legislation that will create an additional three million jobs during each of calendar years 2012 and 2013, thereby reducing unemployment rates over the short-term and long-term; and (2) reduce the deficit by at least $1.5 trillion over FY2014-FY2021, as under current law. Prescribes legislative procedures for expedited consideration in both chambers of the Joint Committee's recommendations. Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to repeal the discretionary spending limits (spending caps) on new budget authority for security and nonsecurity categories for FY2012-FY2013, including those for: (1) continuing disability reviews and redeterminations under the Social Security Act, (2) the health care fraud abuse control program at the Department of Health and Human Services (HHS), and (3) disaster relief funding. Amends the Budget Control Act of 2011 to increase the public debt limit by an amount equal to the new budget authority provided in any emergency jobs legislation approved by the Joint Committee and enacted into law.

AI Summary

This bill, the Emergency Jobs Now Act, proposes to rename the Joint Select Committee on Deficit Reduction to the Joint Select Committee on Emergency Job Creation and Deficit Reduction, tasking it with recommending legislation to create three million jobs annually in 2012 and 2013, and to reduce the deficit by at least $1.5 trillion between fiscal years 2014 and 2021. It also seeks to repeal specific spending limits (spending caps) for fiscal years 2012 and 2013 that affect programs like disability reviews, health care fraud control, and disaster relief, and would increase the national debt limit by the amount of new funding provided by any enacted emergency jobs legislation. The bill outlines expedited legislative procedures for the committee's recommendations in both the House of Representatives and the Senate.

Sponsors (8)

Last Action

Referred to House Ways and Means (on 09/07/2011)

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