H.R. 3925: Deficit Control Act of 2004

108th Congress · introduced 2004-03-10 · Economics and Public Finance · Latest: House Committee on The Budget Granted an extension for further consideration ending not later than Dec. 10, 2004.

federal

Follow this bill, step by step

Where it came from: introduced 2004-03-10 · official record
Who proposed it: Rep. Kirk, Mark Steven [R-IL-10] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: House Committee on The Budget Granted an extension for further consideration ending not later than Dec. 10, 2004. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Deficit Control Act of 2004

Plain summary

Deficit Control Act of 2004 - Amends the Congressional Budget Act of 1974 to require annual joint (currently, concurrent) budget resolutions signed by the President. Sets forth provisions regarding the establishment of a reserve fund for emergencies. Eliminates inflation adjustments. Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to provide spending caps on the growth of entitlements and mandatory budget outlays. Excludes from such limits any benefits payable under title XVIII (Medicare) of the Social Security Act (SSA) (as well as old age, survivors, and disability insurance under SSA title II and Tier 1 railroad retirement benefits, as under current law), along with specified Government accounts and activities (including existing exemptions). Revises other existing exceptions, limitations, and special rules with respect to sequestration exemptions, removing Medicare benefits from the current list. Sets limits on discretionary spending programs for FY 2006 through FY 2014, specifying such limits each fiscal year for the nondefense category. Provides for points of order against any increase in such limits. Establishes a procedure for enhanced and expedited consideration by Congress of rescissions proposed by the President. Establishes the Commission to Eliminate Waste, Fraud, and Abuse. Provides for accrual funding of the: (1) Civil Service Retirement and Disability Fund; (2) Central Intelligence Agency Retirement and Disability System; (3) Foreign Service Retirement and Disability System; and (4) post-retirement health benefits costs for Federal employees. Establishes in the Treasury: (1) the Public Health Service Commissioned Corps Retirement Fund; (2) the National Oceanic and Atmospheric Administration Commissioned Officer Corps Retirement System; and (3) the Coast Guard Military Retirement Fund. Changes the name of the Department of Defense Medicare-Eligible Retiree Health Care Fund to Uniformed Services Health Care Fund (thus, providing health care programs for all uniformed service retirees, under certain conditions). (Currently, such programs are for Department of Defense Medicare-eligible beneficiaries). Decreases the limit on the public debt from $7.384 trillion to $4.393 trillion. Amends the Gramm-Rudman-Hollings Act to extend: (1) certain budget enforcement requirements through FY 2014; (2) PAYGO requirements through FY 2018; and (3) PAYGO requirements through FY 2014 to provide for an offsetting sequestration for direct spending and receipts legislation enacted before October 1, 2014, that causes a net deficit increase. Declares that the term "receipts legislation" does not include provisions of a bill or joint resolution amending the Internal Revenue Code that increases the deficit, if the amount of deficit increase does not exceed for any fiscal year covered by such resolution the amount by which the aggregate level of Federal revenues should be decreased under it.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Deficit Control Act of 2004

Source: Congressional Research Service summary (Introduced in House)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Kirk, Mark Steven [R-IL-10] · 18 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Marsha Blackburn (R-TN)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (7)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Exemption: A rule that removes certain people, property or activities from a tax or requirement.
Fiscal year: The 12-month period a government uses for its budget. The federal fiscal year runs from October 1 to September 30 and is named for the calendar year in which it ends. Most states use July 1 to June 30.
Joint resolution: In Texas, the type of measure the Legislature uses to propose a constitutional amendment (marked HJR or SJR). The governor does not sign or veto it; the voters decide. In Congress a joint resolution can also be used like a bill. In Florida, a joint resolution passed by three-fifths of the members of each chamber puts a constitutional amendment on the ballot.
Resolution: A formal statement or decision by a legislative body. Simple resolutions often only express an opinion or set rules for one chamber; they do not become law.
Rulemaking: The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.
Securities: Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-108hr3925.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/108/hr>

Record fed-us-cong108-hr3925 · catalog fed-us-congress-bills-cong108 · updated 2026-11-15 by psicol fed-bills-cong108