S 10 in Congressional Session 111

Official Summary

 

Bill Number : S 10

 

Title : Fiscal Responsibility Act of 2009

 

SUMMARY AS OF:
1/6/2009--Introduced. Fiscal Responsibility Act of 2009 - Expresses the sense of Congress that Congress and the President should restore fiscal discipline and begin to address the long-term fiscal challenges facing the United States through certain measures. Specifies among such measures: (1) strong pay-as-you-go rules, to help block the approval of measures that would increase the deficit; and (2) recognition of warnings by both the Government Accountability Office (GAO) and the Congressional Budget Office (CBO) that the federal budget is on an unsustainable path of rising deficits and debt. Urges establishment of a process to: (1) analyze the current and long-term federal actuarial financial condition and the gap between the federal projected revenues and expenditures; (2) identify factors that affect the federal long-term fiscal balance; (3) analyze potential courses of action to address them; and (4) seek a bipartisan agreement, or set of agreements, that will significantly improve the nation's long-term fiscal imbalances and the gap between projected revenues and expenditures, ensure U.S. economic security, and expand future prosperity and growth for all Americans. Urges as well reviews of: (1) all federal spending and tax expenditures by the Director of the Office of Management and Budget (OMB) to identify items that are outdated, inefficient, poorly run, unnecessary, or otherwise undeserving of scarce federal resources or in need of reform; and (2) the current federal taxation system to ensure that burdens are borne fairly and equitably.

Votes

Title : Fiscal Responsibility Act of 2009
Votes in the US Senate
This Bill was not Voted in the US Senate
Votes in the US House
This Bill was not Voted in the US House

Sponsors

 
Congressional Sponsors of S 10
 
Bill Number : S 10
Title : Fiscal Responsibility Act of 2009
Sponsor: Sen Reid, Harry [NV] (introduced 1/6/2009)      
ALPHABETICAL [followed by Cosponsors withdrawn]:     (Sort: by date)

    Sen Begich, Mark [AK] - 1/6/2009
    Sen Bingaman, Jeff [NM] - 1/6/2009
    Sen Boxer, Barbara [CA] - 1/6/2009
    Sen Brown, Sherrod [OH] - 1/7/2009
    Sen Carper, Thomas R. [DE] - 1/6/2009
    Sen Clinton, Hillary Rodham [NY] - 1/6/2009
    Sen Conrad, Kent [ND] - 1/6/2009
    Sen Durbin, Richard [IL] - 1/6/2009
    Sen Klobuchar, Amy [MN] - 1/6/2009
    Sen Levin, Carl [MI] - 1/6/2009
    Sen McCaskill, Claire [MO] - 1/6/2009
    Sen Menendez, Robert [NJ] - 1/6/2009
    Sen Mikulski, Barbara A. [MD] - 1/6/2009
    Sen Schumer, Charles E. [NY] - 1/6/2009
    Sen Stabenow, Debbie [MI] - 1/6/2009

Other Info

Bill Number : S 10
Title : Fiscal Responsibility Act of 2009
 
MAJOR ACTIONS:
***NONE***
 
ALL ACTIONS:
 
1/6/2009:Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. (text of measure as introduced: CR S46)
 
1/7/2009:Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 10.