Amendment98th Congress
A substitute amendment that reduces the deficit by $206 billion over three years by cutting domestic spending $136 billion and raising revenues $7 billion. It increases defense spending $188 billion above the FY 1984 levels. The domestic spending cuts are largely based upon Grace Commission recommendations, with $45 billion to come from sale of Federal loan portfolios to private investors.
- Amendment Number
- 658
- Description
- A substitute amendment that reduces the deficit by $206 billion over three years by cutting domestic spending $136 billion and raising revenues $7 billion. It increases defense spending $188 billion above the FY 1984 levels. The domestic spending cuts are largely based upon Grace Commission recommendations, with $45 billion to come from sale of Federal loan portfolios to private investors.
- Congress
- 98
- Type
- HAMDT
- Latest Action Date
- Apr 4, 1984
- Latest Action Text
- Amendment Failed of Passage in Committee of Whole by Recorded Vote: 51 - 354 (Record Vote No: 67).
- Submitted Date
- Apr 4, 1984
- Chamber
- House of Representatives
- Update Date
- Jun 30, 2021