S.10 - Pay-As-You-Go-bill

A bill to reinstate the pay-as-you-go requirement and reduce budget deficits by strengthening budget enforcement and fiscal responsibility. view all titles (4)

All Bill Titles

  • Popular: Pay-As-You-Go-bill as .
  • Short: Restoring Fiscal Discipline Act of 2007 as introduced.
  • Popular: Pay-As-You-Go-bill.
  • Official: A bill to reinstate the pay-as-you-go requirement and reduce budget deficits by strengthening budget enforcement and fiscal responsibility. as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
01/04/07
 
 
 
 
 
 
 

OpenCongress Summary

This bill would reinstate pay-as-you-go budgeting rules, also known as PAYGO. These rules would require any expenses that Congress approves to be offset by equal or greater gains in surplus elsewhere. A provision is included in the bill that would allow Congress to suspend these rules if 3/5 of the members voted to do so.
OpenCongress bill summaries are written by OpenCongress editors and are entirely independent of Congress and the federal government. For the summary provided by Congress itself, via the Congressional Research Service, see the "Official Summary" below.

Official Summary

Restoring Fiscal Discipline Act of 2007 - Makes it out of order in the Senate to consider any direct spending or revenue legislation that would increase or cause an on-budget deficit during certain specified time periods. Makes it out of order in the Senate to consider, under the expedited

Official Summary

Restoring Fiscal Discipline Act of 2007 - Makes it out of order in the Senate to consider any direct spending or revenue legislation that would increase or cause an on-budget deficit during certain specified time periods. Makes it out of order in the Senate to consider, under the expedited procedures applicable to reconciliation in the Congressional Budget Act of 1974 (CBA), any bill, resolution, amendment, amendment between chambers, motion, or conference report that increases the deficit or reduces the surplus in the first fiscal year or the ensuing five or 10 fiscal years covered by the most recently adopted concurrent resolution on the budget. Makes it out of order in the Senate to consider, pursuant to CBA, any resolution, concurrent resolution, amendment, amendment between the chambers, motion, or conference report that contains reconciliation directives that would increase the deficit or reduce the surplus in such fiscal years.

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