Statutory Pay-As-You-Go Act of 2010

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The Statutory Pay-As-You-Go Act of 2010 is a U.S. federal budget law that requires new legislation affecting taxes or mandatory spending to be budget-neutral, helping to prevent increases in the federal deficit.

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Predicate Object
instanceOf United States federal statute
budget enforcement law
alsoKnownAs Statutory Pay-As-You-Go Act of 2010
surface form: PAYGO Act of 2010
amends Gramm–Rudman–Hollings Balanced Budget and Emergency Deficit Control Act of 1985
surface form: Balanced Budget and Emergency Deficit Control Act of 1985
appliesTo federal budget of the United States
new legislation enacted after its effective date
budgetCategory direct spending
revenues
codifiedIn Title 2 of the United States Code
complements congressional budget process rules
country United States of America
surface form: United States
creates PAYGO scorecards
doesNotDirectlyApplyTo discretionary spending
effectiveFrom 2010
enactedBy 111th United States Congress
enforcedBy Office of Management and Budget
exempts Social Security
certain low-income programs
veterans benefits
governmentLevel federal
jurisdiction United States government
surface form: federal government of the United States
legalForm statute
legislativeBranch United States Congress
penaltyMechanism sequestration
policyGoal discouraging unpaid-for tax cuts or entitlement expansions
long-term deficit reduction
policyMechanism pay-as-you-go
publicLawNumber Public Law 111-139
purpose to help prevent increases in the federal budget deficit
to require that new legislation affecting revenues or direct spending be budget-neutral
relatedConcept budget enforcement procedures
federal budget deficit
fiscal responsibility
replaces non-statutory PAYGO rules used in congressional budget resolutions
requires budget neutrality for new legislation affecting mandatory spending
budget neutrality for new legislation affecting taxes
offsets for increases in direct spending
offsets for reductions in revenues
restores statutory PAYGO rules that had previously lapsed
scorecardsType five-year PAYGO scorecard
ten-year PAYGO scorecard
sequestrationAppliesTo non-exempt mandatory spending programs
shortName Statutory Pay-As-You-Go Act of 2010 self-linksurface differs
surface form: Statutory PAYGO Act
signedBy Barack Obama
signingDate 2010-02-12
subjectMatter fiscal policy
public finance
titleOfPublicLaw Gramm–Rudman–Hollings Balanced Budget and Emergency Deficit Control Act of 1985
surface form: An Act to amend the Balanced Budget and Emergency Deficit Control Act of 1985 to reinstate and strengthen certain budget enforcement mechanisms

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111th United States Congress passes Statutory Pay-As-You-Go Act of 2010
Statutory Pay-As-You-Go Act of 2010 shortName Statutory Pay-As-You-Go Act of 2010 self-linksurface differs
this entity surface form: Statutory PAYGO Act
Statutory Pay-As-You-Go Act of 2010 alsoKnownAs Statutory Pay-As-You-Go Act of 2010
this entity surface form: PAYGO Act of 2010