Public Law 99-177

E250300

United States federal statute budget control law

Public Law 99-177 is the 1985 U.S. federal statute, commonly known as the Gramm–Rudman–Hollings Act, that established automatic deficit-reduction measures aimed at achieving a balanced federal budget.

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All labels observed (1)

Label	Occurrences
Public Law 99-177 canonical	1

Statements (49)

Predicate	Object
instanceOf	United States federal statute ⓘ budget control law ⓘ
amends	Congressional Budget and Impoundment Control Act of 1974 ⓘ
appliesTo	certain mandatory spending programs ⓘ discretionary spending ⓘ federal budget process ⓘ
assignedResponsibilityTo	Congressional Budget Office ⓘ Office of Management and Budget ⓘ
branchOfLaw	public finance law ⓘ
codifiedIn	Title 2 of the United States Code ⓘ
containsProvision	deficit targets for multiple fiscal years ⓘ procedures for sequestration orders by the President ⓘ
country	United States of America ⓘ surface form: United States
dateSigned	1985-12-12 ⓘ
enactedBy	99th United States Congress ⓘ
establishedMechanism	automatic across-the-board spending cuts ⓘ
exempted	some entitlement programs from sequestration ⓘ
hasAcronym	GRH Act ⓘ
hasCommonName	Gramm–Rudman–Hollings Balanced Budget and Emergency Deficit Control Act of 1985 ⓘ surface form: Gramm–Rudman–Hollings Act
hasOfficialName	Gramm–Rudman–Hollings Balanced Budget and Emergency Deficit Control Act of 1985 ⓘ surface form: Balanced Budget and Emergency Deficit Control Act of 1985
hasShortTitle	Gramm–Rudman–Hollings Balanced Budget and Emergency Deficit Control Act of 1985 ⓘ surface form: Balanced Budget and Emergency Deficit Control Act of 1985
historicalSignificance	first major federal law to mandate automatic deficit reduction ⓘ
introducedAutomaticMechanism	sequestration ⓘ
jurisdiction	United States government ⓘ surface form: United States federal government
laterModifiedBy	Gramm–Rudman–Hollings Balanced Budget and Emergency Deficit Control Act of 1985 ⓘ surface form: Balanced Budget and Emergency Deficit Control Reaffirmation Act of 1987
laterSupersededInPartBy	Budget Enforcement Act of 1990 ⓘ
legalEffect	authorized automatic spending cuts if ceilings were exceeded ⓘ imposed binding deficit ceilings ⓘ
mechanismTriggeredBy	failure to meet deficit targets ⓘ
namedAfter	Ernest Hollings ⓘ Phil Gramm ⓘ Warren Rudman ⓘ
policyArea	budget enforcement ⓘ fiscal policy ⓘ
publicLawNumber	99-177 ⓘ
purpose	to establish a schedule of deficit targets leading to a balanced budget ⓘ to reduce and eventually eliminate the federal budget deficit ⓘ
required	OMB and CBO deficit estimates and reports ⓘ
signedBy	Ronald Reagan ⓘ
signingPresident	Ronald Reagan ⓘ
sponsoredBy	Ernest Hollings ⓘ Phil Gramm ⓘ Warren Rudman ⓘ
statutesAtLargeCitation	99 Stat. 1037 ⓘ
subjectMatter	balanced budget ⓘ federal budget ⓘ federal deficit ⓘ
timePeriodTargeted	late 1980s federal budgets ⓘ
yearEnacted	1985 ⓘ

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Gramm–Rudman–Hollings Balanced Budget and Emergency Deficit Control Act of 1985 → publicLawNumber → Public Law 99-177 ⓘ