Sequestration – Whose Idea Was It Anyway?

Budget Control Act of 2011

An Act to provide for budget control112th United States Congress

From Wikipedia, the free encyclopedia

Effective:    August 2, 2011
Public Law: Pub.L. 112–25
Stat:        125 Stat. 239

Balanced Budget and Emergency Deficit Control Act of 1985
Congressional Budget and Impoundment Control Act of 1974
Deficit Reduction Act of 2005

Legislative History:

Introduced in the Senate as “An original bill to make a technical amendment to the Education Sciences Reform Act of 2002” (S. 365) by Tom Harkin (D-IA) on February 16, 2011.  Committee consideration by: Health, Education, Labor, and Pensions.   Passed the Senate on February 17, 2011 (Unanimous consent).  Passed the House as the “Budget Control Act of 2011” on August 1, 2011 (269–161) with amendment.  Senate agreed to House amendment on August 2, 2011 (74–26). Signed into law by President Barack Obama on August 2, 2011

The Budget Control Act of 2011 (Pub.L. 112–25, S. 365, 125 Stat. 240, enacted August 2, 2011) is a federal statute in the United States that was signed into law by President Barack Obama on August 2, 2011. The Act brought conclusion to the 2011 United States debt-ceiling crisis, which had threatened to lead the United States into sovereign default on or about August 3, 2011.  The law involves the introduction of several complex mechanisms, such as creation of the Congressional Joint Select Committee on Deficit Reduction (sometimes called the “super committee”), options for a balanced budget amendment and automatic budget sequestration. Continue reading “Sequestration – Whose Idea Was It Anyway?”