Gramm-Rudman-Hollings Act

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Gramm-Rudman-Hollings Act,

officially the Balanced Budget and Emergency Deficit Control Act of 1985, U.S. budget deficit reduction measure. The law provided for automatic spending cuts to take effect if the president and Congress failed to reach established targets; the U.S. comptroller general was given the right to order spending cuts. Because the automatic cuts were declared unconstitutional, a revised version of the act was passed in 1987; it failed to result in reduced deficits. A 1990 revision of the act changed its focus from deficit reduction to spending control.
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Congress set aside the strictures of the Gramm-Rudman-Hollings Act and the Budget Enforcement Act of 1990 several times during the 1980s and the 1990s.
715 (1983); the triggering of a sequester by the Comptroller General under the Gramm-Rudman-Hollings Act was invalidated by Bowsher v.
I am not categorically opposed to quasi-constitutional structural statutes or to Congress' efforts to tie itself to the mast, as it attempted to do in the Gramm-Rudman-Hollings Act.(28) Indeed, some of Congress, past efforts, such as the Impoundment Control Act of have usefully resolved some difficult conflicts between the President and Congress.
"The Influence of the Gramm-Rudman-Hollings Act on Federal Budgetary Outcomes, 1986-1989." Journal of Policy Analysis and Management vol.
DRHP: The debt ratio held by the public FRB: Federal Reserve Bank GRH: The Gramm-Rudman-Hollings Act MFP: Multifactor productivity TDR: Total debt ratio
The United States promised to "implement fully the deficit reduction package for fiscal year 1986" specified in the Gramm-Rudman-Hollings act and indicated its intention to implement revenue-neutral tax reform.