US Congress Senate Bill 3 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 11-0)
Status: Introduced on January 25 2011 - 25% progression, died in committee
Action: 2011-01-25 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S128)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Fiscal Responsibility and Spending Control Act - Expresses the sense of the Senate that Congress should: (1) address the rising national debt and long-term fiscal challenges through a bipartisan agreement that significantly corrects our nation's long-term fiscal imbalances, closes the gap between projected revenues and expenditures, ensures U.S. economic security, and enhances future prosperity and growth; (2) reduce the deficit and stabilize the national debt without damaging the economic recovery; (3) consider deficit reduction proposals by leading budget experts and establish a plan that can attract broad bipartisan support; (4) ensure that any plan to address long-term fiscal problems is balanced and provides fundamental reform of the federal tax code along with prudent controls on spending; (5) eliminate tax expenditures that only serve special interests and take aggressive measures to close the tax gap and stop cheating; (6) ensure that the tax code fairly distributes the tax burden and helps American businesses compete in the global marketplace; (7) extend the solvency of Social Security and ensure that no savings are used to meet deficit reduction goals in the remainder of the budget; (8) achieve savings through the elimination or consolidation of duplicative programs and activities while modernizing government procurement practices to reduce waste and leverage better value; and (9) reject efforts to exempt tax breaks for millionaires and special interests from strong pay-as-you-go budgetary rules.

Fiscal Responsibility and Spending Control Act

Sen. Harry Reid [D-NV]	Sen. Michael Bennet [D-CO]	Sen. Barbara Boxer [D-CA]	Sen. Sherrod Brown [D-OH]
Sen. Christopher Coons [D-DE]	Sen. Richard Durbin [D-IL]	Sen. Dianne Feinstein [D-CA]	Sen. Kirsten Gillibrand [D-NY]
Sen. Tim Johnson [D-SD]	Sen. John Kerry [D-MA]	Sen. Jeanne Shaheen [D-NH]

Date	Chamber	Action
2011-01-25	Senate	Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S128)

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/senate-bill/3/all-info
Text	https://www.congress.gov/112/bills/s3/BILLS-112s3is.pdf