Deficit Control Act of 2004

Bill: 108-hr-3925
Sponsor: Rep. Kirk, Mark Steven [R-IL-10]
Introduced: 2004-03-10 in the House
Policy area: Economics and Public Finance
Subjects: Accounting
Adoption
Agricultural subsidies
Agriculture and Food
Appropriations
Armed Forces and National Security
Budget deficits
Budget reconciliation
Budget resolutions
Budget surpluses
Central Intelligence Agency
Civil service retirement
Coast guard
Collection of accounts
Commerce
Congress
Congress and military policy
Congressional Record
Congressional budget
Congressional oversight
Congressional reporting requirements
Congressional voting
Cost of living adjustments
Custody of children
Dairy industry
Debt limit
Defense budgets
Department of Commerce
Department of Defense
Department of Health and Human Services
Department of Homeland Security
Department of State
Education
Emergency Management
Entitlements
Executive impoundment of appropriated funds
Expedited congressional procedure
Families
Federal advisory bodies
Federal budget process
Federal budgets
Federal employees
Federally-guaranteed loans
Foreign service
Foster home care
Fraud
Government Operations and Politics
Government employees' health insurance
Government paperwork
Government spending reductions
Government trust funds
Gross national product
Health
Higher education
House rules and procedure
Indexing (Economic policy)
Inflation
International Affairs
Labor and Employment
Law
Legislation
Legislative amendments
Legislative resolutions
Medical economics
Medicare
Military medicine
Military pensions
Milk
Officer personnel
Performance measurement
Postal service
Presidential commissions
Presidential messages
Public health personnel
Rescission of appropriated funds
Retired military personnel
Retiree health benefits
Senate rules and procedure
Social Welfare
Student loan funds
Taxation
Terrorism
Unemployment insurance
Valuation
Veterans' benefits
Veterans' medical care
Waste in government spending
Wool
Wool trade

Summary:
action_date: 2004-03-10
text: 
Deficit Control Act of 2004 - Amends the Congressional Budget Act of 1974 to require annual joint (currently, concurrent) budget resolutions signed by the President.
 

 

 
Sets forth provisions regarding the establishment of a reserve fund for emergencies. Eliminates inflation adjustments. 
 
Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to provide spending caps on the growth of entitlements and mandatory budget outlays. Excludes from such limits any benefits payable under title XVIII (Medicare) of the Social Security Act (SSA) (as well as old age, survivors, and disability insurance under SSA title II and Tier 1 railroad retirement benefits, as under current law), along with specified Government accounts and activities (including existing exemptions). Revises other existing exceptions, limitations, and special rules with respect to sequestration exemptions, removing Medicare benefits from the current list.
 
Sets limits on discretionary spending programs for FY 2006 through FY 2014, specifying such limits each fiscal year for the nondefense category. Provides for points of order against any increase in such limits.
 
Establishes a procedure for enhanced and expedited consideration by Congress of rescissions proposed by the President.
 
Establishes the Commission to Eliminate Waste, Fraud, and Abuse.
 
Provides for accrual funding of the: (1) Civil Service Retirement and Disability Fund; (2) Central Intelligence Agency Retirement and Disability System; (3) Foreign Service Retirement and Disability System; and (4) post-retirement health benefits costs for Federal employees.
 
Establishes in the Treasury: (1) the Public Health Service Commissioned Corps Retirement Fund; (2) the National Oceanic and Atmospheric Administration Commissioned Officer Corps Retirement System; and (3) the Coast Guard Military Retirement Fund.
 
 Changes the name of the Department of Defense Medicare-Eligible Retiree Health Care Fund to Uniformed Services Health Care Fund (thus, providing health care programs for all uniformed service retirees, under certain conditions). (Currently, such programs are for Department of Defense Medicare-eligible beneficiaries).
 
Decreases the limit on the public debt from $7.384 trillion to $4.393 trillion.
 
Amends the Gramm-Rudman-Hollings Act to extend: (1) certain budget enforcement requirements through FY 2014; (2) PAYGO requirements through FY 2018; and (3) PAYGO requirements through FY 2014 to provide for an offsetting sequestration for direct spending and receipts legislation enacted before October 1, 2014, that causes a net deficit increase.
 
Declares that the term &quot;receipts legislation&quot; does not include provisions of a bill or joint resolution amending the Internal Revenue Code that increases the deficit, if the amount of deficit increase does not exceed for any fiscal year covered by such resolution the amount by which the aggregate level of Federal revenues should be decreased under it.


Legislative actions:
action_date: 2004-11-22
text: House Committee on The Budget Granted an extension for further consideration ending not later than Dec. 10, 2004.
action_date: 2004-11-19
text: House Committee on The Budget Granted an extension for further consideration ending not later than Nov. 22, 2004.
action_date: 2004-10-01
text: House Committee on The Budget Granted an extension for further consideration ending not later than Nov. 19, 2004.
action_date: 2004-07-22
text: House Committee on The Budget Granted an extension for further consideration ending not later than Oct. 1, 2004.
action_date: 2004-06-01
text: House Committee on The Budget Granted an extension for further consideration ending not later than July 23, 2004.
action_date: 2004-04-08
text: Referred to the Subcommittee on Government Efficiency and Financial Management.
action_date: 2004-04-08
text: Referred to the Subcommittee on Civil Service and Agency Organization.
action_date: 2004-03-10
text: Referred to the Committee on the Budget, and in addition to the Committees on Rules, Ways and Means, and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2004-03-10
text: Referred to the Committee on the Budget, and in addition to the Committees on Rules, Ways and Means, and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2004-03-10
text: Referred to the Committee on the Budget, and in addition to the Committees on Rules, Ways and Means, and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2004-03-10
text: Referred to the Committee on the Budget, and in addition to the Committees on Rules, Ways and Means, and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2004-03-10
text: Referred to the Committee on the Budget, and in addition to the Committees on Rules, Ways and Means, and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2004-03-10
text: Introduced in House
action_date: 2004-03-10
text: Introduced in House