Public Law 99-177

E250300

Public Law 99-177 is the 1985 U.S. federal statute, commonly known as the Gramm–Rudman–Hollings Act, that established automatic deficit-reduction measures aimed at achieving a balanced federal budget.

All labels observed (1)

Label Occurrences
Public Law 99-177 canonical 1

How this entity was disambiguated

Statements (49)

Predicate Object
instanceOf United States federal statute ⓘ
budget control law ⓘ
amends Congressional Budget and Impoundment Control Act of 1974 ⓘ
appliesTo certain mandatory spending programs ⓘ
discretionary spending ⓘ
federal budget process ⓘ
assignedResponsibilityTo Congressional Budget Office ⓘ
Office of Management and Budget ⓘ
branchOfLaw public finance law ⓘ
codifiedIn Title 2 of the United States Code ⓘ
containsProvision deficit targets for multiple fiscal years ⓘ
procedures for sequestration orders by the President ⓘ
country United States ⓘ
dateSigned 1985-12-12 ⓘ
enactedBy 99th United States Congress ⓘ
establishedMechanism automatic across-the-board spending cuts ⓘ
exempted some entitlement programs from sequestration ⓘ
hasAcronym GRH Act ⓘ
hasCommonName Gramm–Rudman–Hollings Act ⓘ
hasOfficialName Balanced Budget and Emergency Deficit Control Act of 1985 ⓘ
hasShortTitle Balanced Budget and Emergency Deficit Control Act of 1985 ⓘ
historicalSignificance first major federal law to mandate automatic deficit reduction ⓘ
introducedAutomaticMechanism sequestration ⓘ
jurisdiction United States federal government ⓘ
laterModifiedBy Balanced Budget and Emergency Deficit Control Reaffirmation Act of 1987 ⓘ
laterSupersededInPartBy Budget Enforcement Act of 1990 ⓘ
legalEffect authorized automatic spending cuts if ceilings were exceeded ⓘ
imposed binding deficit ceilings ⓘ
mechanismTriggeredBy failure to meet deficit targets ⓘ
namedAfter Ernest Hollings ⓘ
Phil Gramm ⓘ
Warren Rudman ⓘ
policyArea budget enforcement ⓘ
fiscal policy ⓘ
publicLawNumber 99-177 ⓘ
purpose to establish a schedule of deficit targets leading to a balanced budget ⓘ
to reduce and eventually eliminate the federal budget deficit ⓘ
required OMB and CBO deficit estimates and reports ⓘ
signedBy Ronald Reagan ⓘ
signingPresident Ronald Reagan ⓘ
sponsoredBy Ernest Hollings ⓘ
Phil Gramm ⓘ
Warren Rudman ⓘ
statutesAtLargeCitation 99 Stat. 1037 ⓘ
subjectMatter balanced budget ⓘ
federal budget ⓘ
federal deficit ⓘ
timePeriodTargeted late 1980s federal budgets ⓘ
yearEnacted 1985 ⓘ

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.