Amendment sought to reduce federal spending by $90.4 billion over 5 years including Medicare reductions of $34.2 billion, other entitlement reductions and user fee increases of $3.7 billion, and reductions in discretionary spending of $52.5 billion, including savings from cutting the federal workforce by 252,000 positions.

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Amendment Number
416
Description
Amendment sought to reduce federal spending by $90.4 billion over 5 years including Medicare reductions of $34.2 billion, other entitlement reductions and user fee increases of $3.7 billion, and reductions in discretionary spending of $52.5 billion, including savings from cutting the federal workforce by 252,000 positions.
Purpose
An amendment to cut federal spending by $90.4 billion over the next 5 years. The amendment includes Medicare cuts of $34.2 billion, including means-testing the Medicare Part B premium and the Medicare hospital deductible and imposing 20% coinsurance for home health and clinical laboratory services. It also includes other entitlement cuts and user fee increases totaling $3.7 billion. In addition, the amendment cuts discretionary spending by $52.5 billion, including savings from cutting the federal workforce by 252,000 positions, making recissions in FY 1994 appropriations, and making changes in permanent authorizations. The amendment establishes a new Cabinet-level Department of Science, Space, Energy, and Technology, changes Superfund treatment methods, and amends the Davis-Bacon "prevailing wage" law.
Congress
103
Type
HAMDT
Latest Action Date
Nov 22, 1993
Latest Action Text
On agreeing to the Penny amendment (A002) Failed by recorded vote: 213 - 219 (Roll no. 609).
Latest Action Time
21:14:54
Submitted Date
Nov 22, 1993
Chamber
House of Representatives
Update Date
Aug 15, 2021
Amendment 416 — Informed