PlainBillCongress, translated.Legislation. Context. Public interest.Read twice and referred jointly to the Committees on Budget; Governmental Affairs pursuant to the order of august 4, 1977, with instructions that if one Committee reports, the other Committee have thirty days to report or be discharged.
Congressional Research Service
Version 00 · Introduced in Senate · Jan 21, 1993
Ronald Reagan Peace Dividend Investment Act - Amends the Congressional Budget Act of 1974 to provide for a reduction in the deficit and an increase in the personal income tax exemption when outlays in the defense category for FY 1993 or 1994 are estimated to be below the discretionary spending limit for such outlays. Requires an adjustment in such spending limits under such circumstances. Prohibits Senate consideration of legislation that would reduce defense spending below the spending limit for the defense category if such legislation does not allocate the total amount of reduced new budget authority or outlays between deficit reduction and increases in the personal income tax exemption.
People & committees
Sen. Gramm, Phil [R-TX] · R–TX
Legislative record
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Read twice and referred jointly to the Committees on Budget; Governmental Affairs pursuant to the order of august 4, 1977, with instructions that if one Committee reports, the other Committee have thirty days to report or be discharged.
Introduced in Senate
Primary sources
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Source last updated: Aug 26, 2025. Consult Congress.gov for the current record.
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