Budget Enforcement Act of 1997: Summary and Legislative History (CRS Report for Congress)
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| Release Date |
Oct. 8, 1997 |
| Report Number |
97-931 |
| Report Type |
Report |
| Authors |
Robert Keith Government Division |
| Source Agency |
Congressional Research Service |
Summary:
In July, 1997, Congress completed action on two reconciliation bills--the Balanced Budget Act of 1997, which reduced mandatory spending; and the Taxpayer Relief Act of 1997, which reduced revenues, but included partially offsetting revenue increases. President Clinton signed the measures into law on August 5, as P.L. 105-33 and P.L 105-34, respectively. Together, the two reconciliation bills implemented most of the deficit reduction and tax relief policies underlying the bipartisan budget agreement between President Clinton and congressional leaders, reached in May, and the FY1998 budget resolution, adopted in June.
