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Gramm-Rudman-Hollings Act

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Gramm-Rudman-Hollings Act
Legislation in the United States, passed in 1985, that mandated automatic cuts in federal discretionary spending if the government deficit rose above stated target levels. The severity of the cuts was considered draconian and the Act was found largely unconstitutional in 1987. It was replaced by the Budget Enforcement Act of 1990.
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To strengthen control over spending and deficit levels and to promote more efficient legislative action on budgetary issues, Congress and the president enacted the Balanced Budget and Emergency Deficit Control Act of 1985, commonly known as the Gramm-Rudman-Hollings Act for its three primary Senate sponsors.
The making of the federal budget. (Federal Focus) by Desimone, Daniel C. / Government Finance Review
Balanced Budget and Emergency Deficit Control Act of 1985 Facing $200 billion deficits in the early to mid-1980s, Congress passed the Balanced Budget and Emergency Deficit Control Act of 1985, commonly known as the Gramm-Rudman-Hollings Act (GRH), in an effort to rein in deficits.
How Transparent Is the U.S. Budget? by LIPFORD, JODY W. / Independent Review
 
 
 
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