Decrease Spending Now Act

Decrease Spending Now Act - Rescinds $45 billion of unobligated balances of current discretionary appropriations.

Requires the Director of the Office of Management and Budget (OMB) to: (1) determine which appropriation accounts the rescission shall apply to and the amount that each such account shall be reduced, and (2) report to the Secretary of the Treasury and Congress a list of the accounts reduced by the rescission, including the amounts rescinded from each such account.

Exempts from such rescission the Department of Defense (DOD), the Department of Veterans Affairs (VA), and the Social Security Administration (SSA).

[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1111 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 1111

To rescind $45 billion of unobligated discretionary appropriations, and 
                          for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 16, 2011

Mr. Price of Georgia (for himself, Mrs. Black, Mr. Bucshon, Mr. Burton 
  of Indiana, Mr. Canseco, Mr. Chaffetz, Mr. Coble, Mrs. Ellmers, Mr. 
Flores, Ms. Foxx, Mr. Garrett, Mr. Gohmert, Mr. Guinta, Mr. Sam Johnson 
of Texas, Mr. Lamborn, Mr. Long, Mrs. McMorris Rodgers, Mr. Pompeo, Mr. 
 Rokita, Mr. Sessions, Mr. Thompson of Pennsylvania, Mr. Westmoreland, 
and Mr. Wilson of South Carolina) introduced the following bill; which 
            was referred to the Committee on Appropriations

_______________________________________________________________________

                                 A BILL


 
To rescind $45 billion of unobligated discretionary appropriations, and 
                          for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Decrease Spending Now Act''.

SEC. 2. RESCISSION OF UNOBLIGATED DISCRETIONARY APPROPRIATIONS.

    (a) In General.--Of the unobligated balances of discretionary 
appropriations on the date of enactment of this Act, $45,000,000,000 is 
rescinded.
    (b) Implementation.--
            (1) In general.--The Director of the Office of Management 
        and Budget shall determine which appropriation accounts the 
        rescission under subsection (a) shall apply to and the amount 
        that each such account shall be reduced by pursuant to such 
        rescission.
            (2) Report.--Not later than 60 days after the date of the 
        enactment of this Act, the Director of the Office of Management 
        and Budget shall submit a report to the Secretary of the 
        Treasury and Congress listing the accounts reduced by the 
        rescission in subsection (a) and the amounts rescinded from 
        each such account.
    (c) Exceptions.--The rescission under subsection (a) shall not 
apply to the Department of Defense, the Department of Veterans Affairs, 
or the Social Security Administration.
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