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CONTENTS

Page

1 149 645 735

Hearings:

Fiscal Year 1986 Sequester Order—The Balanced Budget and Emergency

Deficit Control Act of 1985 .........
Impact of the Gramm-Rudman-Hollings Law.
Trigger Mechanism of the Gramm-Rudman-Hollings Act
Possible Legislative Responses to Bowsher v. Synar.
New Deficit Estimates and Revising the Gramm-Rudman-Hollings Tar-

gets. Committee Prints:

Congressional Budget and Impoundment Control Act of 1974, as amend

ed, S. Prt. 100-74. The Congressional Budget Process, S. Prt. 100-89..

1033

1091 1159

(III)

S. HRG. 99-537

FISCAL YEAR 1986 SEQUESTER ORDER The Balanced Budget and Emergency Deficit

Control Act of 1985

HEARING

BEFORE THE

COMMITTEE ON THE BUDGET

UNITED STATES SENATE

NINETY-NINTH CONGRESS

SECOND SESSION

JANUARY 22, 1986

CBO-OMB REPORT

GAO REPORT

Printed for the use of the Committee on the Budget

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON : 1986

(1)

COMMITTEE ON THE BUDGET

PETE V. DOMENICI, New Mexico, Chairman
WILLIAM L. ARMSTRONG, Colorado

LAWTON CHILES, Florida
NANCY LANDON KASSEBAUM, Kansas ERNEST F. HOLLINGS, South Carolina
RUDY BOSCHWITZ, Minnesota

J. BENNETT JOHNSTON, Louisiana
ORRIN G. HATCH, Utah

JIM SASSER, Tennessee MARK ANDREWS, North Dakota

GARY HART, Colorado STEVEN D. SYMMS, Idaho

HOWARD M. METZENBAUM, Ohio CHARLES E. GRASSLEY, Iowa

DONALD W. RIEGLE, JR., Michigan ROBERT W. KASTEN, Wisconsin

DANIEL PATRICK MOYNIHAN, New York DAN QUAYLE, Indiana

J. JAMES EXON, Nebraska SLADE GORTON, Washington

FRANK R. LAUTENBERG, New Jersey
JOHN C. DANFORTH, Missouri

STEPHEN BELL, Staff Director
RICHARD N. BRANDON, Minority Staff Director
W. THOMAS FoxWELL, Director of Publications

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