A bill to amend section 257(e) of the Balanced Budget and Emergency Deficit Control Act of 1985 to modify the treatment of losses from asset sales.
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
Official summary
Version 00 · Introduced in Senate · Jan 11, 1995
Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to allow the proceeds from the sale of an asset to be applied to offset the loss of any revenue or receipts resulting from such sale.
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.
Sponsor introductory remarks on measure. (CR S794-795)
Introduced in Senate
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Source last updated: Jan 14, 2025. Consult Congress.gov for the current record.
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