Gramm-Rudman-Hollings

Gramm-Rudman-Hollings in the United States

Gramm-Rudman-Hollings (GRH) in the Federal Budget Process

Meaning of Gramm-Rudman-Hollings in the congressional and executive budget processes (GAO source): The popular name of the Balanced Budget and Emergency Deficit Control Act of 1985, so named for the Senate sponsors: Senators Phil Gramm, Warren Rudman, and Ernest F. Hollings. The act, a mechanism for reducing the federal deficit, set declining deficit targets for the federal government and established an automatic enforcement mechanism called sequestration. GRH has been amended several times, most significantly by the Budget Enforcement Act of 1990 (BEA) and the Balanced Budget Act of 1997. (See also Budget Enforcement Act; Discretionary; Limitation; Mandatory; Sequestration.)

Resources

See Also

Further Reading

  • Legislatures and the budget process: the myth of fiscal control

    (J Wehner, 2010)

  • Reconcilable Differences?: Congress, the Budget Process, and the Deficit (JB Gilmour, 1990)
  • Fiscal institutions and fiscal performance

    (JM Poterba, J von Hagen, 2008)


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