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Gramm–Rudman–Hollings Balanced Budget Act

The Gramm–Rudman–Hollings Balanced Budget and Emergency Deficit Control Act of 1985 and the Balanced Budget and Emergency Deficit Control Reaffirmation Act of 1987 were the first binding spending constraints on the federal budget. Wikipedia
Effective: December 12, 1985
Other short titles: Gramm–Rudman–Hollings Deficit Reduction Act of 1985
Public law: 99-177
Titles amended: 2 U.S.C.: Congress

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