Stop Over Spending Act of 2007
Latest action · May 22, 2007 Read twice and referred to the Committee on the Budget.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 22, 2007
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Stop Over Spending Act of 2007 - Second Look at Wasteful Spending Act of 2007 - Amends the Congressional Budget and Impoundment Control Act of 1974 to authorize the President to transmit annually to Congress a maximum of four special messages that propose to rescind dollar amounts of discretionary budget authority, items of direct spending, and targeted tax benefits.
Requires an analysis by: (1) the Congressional Budget Office (CBO) of an estimated savings in budget authority or outlays resulting from such rescission; and (2) the Joint Committee on Taxation of an estimated savings resulting from repeal of targeted tax benefits.
Requires any rescinded budget authority, items of direct spending, or targeted tax benefit to be dedicated only to deficit reduction, and not to be used as an offset for other spending increases or revenue reductions.
Provides for adjustment of: (1) committee allocations resulting from such rescission; and (2) applicable limits, as appropriate, under this Act.
Sets forth procedures for expedited congressional consideration of a proposed rescission.
Requires: (1) the President to issue an order fully implementing without change all sequestrations required by the Office of Management and Budget (OMB) in its Final Sequestration Report; and (2) the Government Accountability Office (GAO) to report to Congress and the President on the order's compliance with this Act.
Prescribes requirements for discretionary sequestration reports by OMB and GAO, discretionary spending and maximum deficit limits, federal tax gap initiative, executive and legislative branch sequestration procedures, and congressional response to low economic growth.
Provides adjustments in such discretionary spending limits for: (1) the Global War on Terrorism overseas; (2) U.S. forces in such War; (3) addressing deficiencies at Walter Reed Army Medical Center for injured individuals resulting from such War; (4) continuing disability reviews and Supplemental Security Income (SSI) redeterminations for the Social Security Administration; (5) health care fraud and abuse; and (6) unemployment insurance improper payment reviews.
Authorizes the President to exempt military personnel accounts from sequestration or provide a lower uniform percentage reduction.
Prohibits the President's budget from exceeding the maximum deficit amount for any fiscal year.
Requires biennial budget resolutions, appropriations Acts, and government strategic and performance plans.
Establishes the National Commission on Entitlement Solvency and the Commission on Congressional Budgetary Accountability and Review of Federal Agencies.
Amends the Congressional Budget Act of 1974 to revise budget resolution requirements.
Authorizes the chairman of the Committee on the Budget to notify the Senate of a Medicare funding warning. Makes it out of order to consider any legislation that would cause any increase in direct spending, net of proposals to change direct spending receipts, or revenues contained in the measure if the Senate has been notified of such warning for two consecutive calendar years.
Makes it out of order in the Senate to consider legislation that includes a federal income tax rate increase.
Requires the concurrent resolution on the budget, for any year when the CBO projects an on-budget deficit (excluding Social Security) for the budget year or any subsequent fiscal year, except in specified circumstances, to: (1) reduce on-budget deficits relative to the CBO projections and put the budget on a path to achieve on-budget balance within five years; and (2) include provisions to protect Social Security and facilitate deficit reduction, other than reducing Social Security benefits.
Requires the CBO to prepare an estimate for legislation reported from committee (except measures within the jurisdiction of the Committee on Appropriations) on whether the measure would cause a net increase in direct spending exceeding $5 billion in any of the four 10-year periods between FY2016-FY2055.
Sets forth provisions avoiding Pay-As-You-Go points of order in the Senate against consideration of appropriations legislation.
Provides for such Pay-As-You-Go points of order in certain circumstances.
Cosponsors 26
Members who signed on, in the order they did. Signatures ran from May 22, 2007 to May 23, 2007; 25 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-WY | Craig Thomas | Original | May 22, 2007 |
| R-LA | David Vitter | Original | May 22, 2007 |
| R-NC | Elizabeth Dole | Original | May 22, 2007 |
| R-OH | George V. Voinovich | Original | May 22, 2007 |
| R-AL | Jeff Sessions | Original | May 22, 2007 |
| R-KY | Jim Bunning | Original | May 22, 2007 |
| R-SC | Jim DeMint | Original | May 22, 2007 |
| R-TX | John Cornyn | Original | May 22, 2007 |
| R-NH | John E. Sununu | Original | May 22, 2007 |
| R-NV | John Ensign | Original | May 22, 2007 |
| R-SD | John Thune | Original | May 22, 2007 |
| R-GA | Johnny Isakson | Original | May 22, 2007 |
| R-AZ | Jon Kyl | Original | May 22, 2007 |
| R-TN | Lamar Alexander | Original | May 22, 2007 |
| R-ID | Larry E. Craig | Original | May 22, 2007 |
| R-SC | Lindsey Graham | Original | May 22, 2007 |
| R-FL | Mel Martinez | Original | May 22, 2007 |
| R-WY | Michael B. Enzi | Original | May 22, 2007 |
| R-ID | Mike Crapo | Original | May 22, 2007 |
| R-KY | Mitch McConnell | Original | May 22, 2007 |
| R-NM | Pete V. Domenici | Original | May 22, 2007 |
| R-KS | Sam Brownback | Original | May 22, 2007 |
| R-GA | Saxby Chambliss | Original | May 22, 2007 |
| R-MS | Trent Lott | Original | May 22, 2007 |
| R-CO | Wayne Allard | Original | May 22, 2007 |
| R-TN | Bob Corker | May 23, 2007 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Budget Committee | Referred May 22, 2007 |
Actions 3
Everything that happened, newest first.
- May 22, 2007Introduced in Senate
- May 22, 2007Sponsor introductory remarks on measure. (CR S6463-6464)
- May 22, 2007Read twice and referred to the Committee on the Budget.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Senate | Debate and remarks S6463 | Judd Gregg R-NH | May 22, 2007 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R40986 | Proposals for a Commission to Address the Federal Government’s Long-Term Fiscal Situation Archived | Report | Dec 14, 2009 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to establish a new budget process to create a comprehensive plan to rein in spending, reduce the deficit, and regain control of the Federal budget process.
- Short Titles as Introduced
- Stop Over Spending Act of 2007
- Short Titles as Introduced for portions of this bill
- Second Look at Wasteful Spending Act of 2007
Subjects
Assigned by the Library of Congress. Policy area: Economics and Public Finance.
- Administrative remedies
- Appropriations
- Armed forces abroad
- Armed Forces and National Security
- Balanced budgets
- Biennial budgets
- Budget deficits
- Budget resolutions
- Congress
- Congressional budget
- Congressional committees (Senate)
- Congressional investigations
- Congressional reporting requirements
- Defense budgets
- District of Columbia
- Economics and Public Finance
- Entitlements
- Expedited congressional procedure
- Federal advisory bodies
- Federal budget process
- Government Operations and Politics
- Government spending reductions
- Health
- Health care fraud
- Income tax
- International Affairs
- Labor and Employment
- Law
- Legislation
- Medicare
- Military hospitals
- Military medicine
- Military operations
- Performance measurement
- Planning-programming-budgeting
- Rescission of appropriated funds
- Senate Budget
- Senate rules and procedure
- Social security finance
- Social Welfare
- Strategic planning
- Supplemental security income program
- Tax expenditures
- Tax rates
- Taxation
- Terrorism
- Unemployment insurance
- War casualties
Text 1
Each version as it was printed, newest first.
- May 22, 2007Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
