Amendment102nd Congress
An amendment in the nature of a substitute which would freeze all FY 1993 domestic discretionary program funding at 1992 levels. The amendment would reduce defense spending by $7.6 billion in budget authority and $7 billion in outlays below the caps established by the 1990 budget agreement, to $280.8 billion in authority and $289.2 in outlays. Entitlement spending would be reduced by $138.4 billion in Medicare and Medicaid cuts over a five year period.
- Amendment Number
- 444
- Description
- An amendment in the nature of a substitute which would freeze all FY 1993 domestic discretionary program funding at 1992 levels. The amendment would reduce defense spending by $7.6 billion in budget authority and $7 billion in outlays below the caps established by the 1990 budget agreement, to $280.8 billion in authority and $289.2 in outlays. Entitlement spending would be reduced by $138.4 billion in Medicare and Medicaid cuts over a five year period.
- Purpose
- Amendment sought to provide fiscal year 1993 new budget authority of $1,221 billion; budget outlays of $1,182 billion; budget revenues of $845 billion; and a budget deficit of $337 billion. It also sought to freeze domestic discretionary spending at the 1992 level with a 2 percent annual growth thereafter; and added language calling on the Department of the Treasury to initiate a program to issue Treasury obligations (zero-coupon and gold-backed bonds) that have an annual investment yield not exceeding 2 per centum.
- Congress
- 102
- Type
- HAMDT
- Latest Action Date
- Mar 4, 1992
- Latest Action Text
- On agreeing to the Dannemeyer amendment (A001) Failed by recorded vote: 60 - 344 (Roll no. 38).
- Latest Action Time
- 20:17:37
- Submitted Date
- Mar 4, 1992
- Chamber
- House of Representatives
- Update Date
- Jun 7, 2021