H.R. 2920, the Statutory Pay-As-You-Go Act of 2009, introduced into the House of Representatives by House Majority Leader Steny Hoyer (D-Md.), would reinstitute and update the "pay as you go" restrictions on mandatory spending, requiring offsets and mandatory cuts to spending programs that would go over the federal budget.
See Statutory Pay-As-You-Go Act of 2009, H.R. 2920, 111th Cong. (2009)
See also 2009 TNT 118-37 (June 23, 2009)
Posted by Gary Robillard, Associate Editor, Wealth Strategies Journal.
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