Tuesday, August 02, 2011

Analysis of the Budget Control Act of 2011

What impact will The Budget Control Act of 2011 have on the deficit? Estimates from the Congressional Budget Office created for the House and Senate are now available online. The estimates include discussions on the following topics : Discretionary Caps, Program Integrity Initiatives, the Social Security Administration, Health Care Fraud and Abuse Control, Changes in Direct Spending for Education Programs, Pell Grants, Student Loans,Other Provisions, and Overall Budgetary Impact of the Legislation.

On Aug. 2, 2011 President Obama signed into S. 365, The Budget Control Act of 2011, assigned as Public Law 112-25 (cite as Pub. L. No. 112-25, 140 Stat. 240 [28 pages]). The enrolled bill is available as a pdf at http://www.gpo.gov/fdsys/pkg/BILLS-112s365enr/pdf/BILLS-112s365enr.pdf or in html at http://thomas.loc.gov/cgi-bin/query/z?c112:S.365.enr: which also has links to previous versions of the bill.