S. 3Senate112th Congress (2011-2013)In Committee

Fiscal Responsibility and Spending Control Act

Sponsored by Harry ReidSen. Harry Reid (D-NV)
Introduced January 25, 2011

Legislative Activity

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SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S128)

January 25, 2011

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SenateIntro Referral

Introduced in Senate

January 25, 2011

SenateIntro Referral

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S128)

January 25, 2011

Floor Debate

22 members

What members said about S. 3 on the floor

5 Republicans17 Democrats
Dianne Feinstein
Sen. Dianne FeinsteinD-CA · Jan 25, 2011

Mr. President, I rise on behalf of myself and Senator Boxer to introduce legislation to establish a National Heritage Area in the California Sacramento-San Joaquin Delta. This legislation will create…

Daniel K. Inouye
Sen. Daniel K. InouyeD-HI · Jan 25, 2011

Mr. President, I am pleased to introduce the Coral Reef Conservation Amendments Act, which I also introduced in the 111th Congress. This critical bill reauthorizes and strengthens the Coral Reef…

Herb Kohl
Sen. Herb KohlD-WI · Jan 25, 2011

Mr. Chairman, I rise today to introduce the Preserve Access to Affordable Generics Act. This bipartisan legislation will dramatically reduce prescription drug costs by preventing one of the most…

Patrick J. Leahy
Sen. Patrick J. LeahyD-VT · Jan 25, 2011

Mr. President, the United States of America has long been the world leader in invention and innovation. That leadership has propelled our economic growth, but we cannot remain complacent while…

Maria Cantwell
Sen. Maria CantwellD-WA · Jan 25, 2011

Mr. President, I rise today to introduce legislation that will preserve the free and open Internet that has led to the growth of broadband. The broadband Internet is integral to U.S. job creation,…

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John D. Rockefeller IV
Sen. John D. Rockefeller IVD-WV · Jan 25, 2011

Mr. President, I rise today to reintroduce the Public Safety Spectrum and Wireless Innovation Act. Radio spectrum is a tremendous resource. It can grow our economy and put innovative wireless…

Tom Harkin
Sen. Tom HarkinD-IA · Jan 25, 2011

Mr. President, the Healthy Lifestyles and Prevention America Act, also known as the HeLP America Act, will improve the health of Americans and reduce health care costs by emphasizing prevention,…

Susan M. Collins
Sen. Susan M. CollinsR-ME · Jan 25, 2011

Mr. President, improving public safety, growing our economy, increasing energy independence, and protecting the environment have always been among my top priorities as a Senator. Today, the very…

Sheldon Whitehouse
Sen. Sheldon WhitehouseD-RI · Jan 25, 2011

Mr. President, from the Recovery Act to the Small Business Jobs Act, in the previous Congress we passed a number of substantial pieces of legislation to preserve, protect, and create American jobs.…

Kay Bailey Hutchison
Sen. Kay Bailey HutchisonR-TX · Jan 25, 2011

Mr. President, I am pleased to introduce a bill to provide permanent tax relief from the marriage penalty--the most egregious, anti-family provision in the tax code. One of my highest priorities in…

Jon Tester
Sen. Jon TesterD-MT · Jan 25, 2011

Mr. President, I rise today to introduce the Common Sense in Consumer Product Safety Act of 2011 on behalf of the folks across America who are outdoor enthusiasts and budding sportsman and women.…

Jeff Bingaman
Sen. Jeff BingamanD-NM · Jan 25, 2011

Mr. President, today I am introducing the American Medical Isotopes Production Act of 2011. The purpose of the bill is to provide certainty in developing a domestic supply of molybdenum-99, which is…

Max Baucus
Sen. Max BaucusD-MT · Jan 25, 2011

Mr. President, American judge and judicial philosopher Learned Hand once wrote: ``Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern…

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Orrin G. Hatch
Sen. Orrin G. HatchR-UT · Jan 25, 2011

Mr. President, I rise to express support for the Patent Reform Act of 2011, S. 23, introduced today by Senate Judiciary Committee Chairman Patrick Leahy. Senator Leahy and I, along with a number of…

Mark Kirk
Sen. Mark KirkR-IL · Jan 25, 2011

Mr. President, today I am pleased to join with Senator Durbin to introduce the Great Lakes Water Protection Act. This bipartisan legislation would set a date certain to end sewage dumping in…

Barbara Boxer
Sen. Barbara BoxerD-CA · Jan 25, 2011

Mr. President, I rise today to introduce the Helping Responsible Homeowners Act of 2011. This legislation will eliminate barriers that have prevented millions of borrowers who continue to make their…

Richard J. Durbin
Sen. Richard J. DurbinD-IL · Jan 25, 2011

Mr. President, today I am introducing the Great Lakes Water Protection Act with my colleague, Senator Mark Kirk. We face many challenges in protecting the Great Lakes--from contaminated sediment to…

Chuck Grassley
Sen. Chuck GrassleyR-IA · Jan 25, 2011

Mr. President, Senator Baucus and I first introduced a bill to ban patents for tax inventions in the 110th Congress. Since then, we have worked with the leaders of the Judiciary Committee, the Patent…

Joseph I. Lieberman
Sen. Joseph I. LiebermanD-CT · Jan 25, 2011

Mr. President, today, I introduced legislation to protect the coastal plains region of the Arctic National Wildlife Refuge from oil and gas exploration and drilling. Every Congress since the 101st, I…

Harry Reid
Sen. Harry ReidD-NV · Jan 25, 2011

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

Jeanne Shaheen
Sen. Jeanne ShaheenD-NH · Jan 25, 2011

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

Al  Franken
Sen. Al Franken D-MN · Jan 25, 2011

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

Bill Text

Latest available legislative text

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Introduced in SenateIssued January 25, 2011

II

112th CONGRESS

1st Session

S. 3

IN THE SENATE OF THE UNITED STATES

January 25 (legislative day, January 5), 2011

Mr. Reid (for himself, Mr. Durbin, Mrs. Feinstein, Mr. Brown of Ohio, Mr. Kerry, Mr. Bennet, Mrs. Gillibrand, Mr. Coons, Mrs. Boxer, and Mrs. Shaheen) introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To promote fiscal responsibility and control spending.

1.

Short title

This Act may be cited as the Fiscal Responsibility and Spending Control Act.

2.

Sense of the Senate

It is the sense of the Senate that Congress should—

(1)

address the growing public concern about our rising national debt and long-term fiscal challenges through a bipartisan agreement that—

(A)

significantly corrects our Nation's long-term fiscal imbalances and closes the gap between projected revenues and expenditures;

(B)

ensures the economic security of the United States; and

(C)

enhances future prosperity and growth for all Americans;

(2)

reduce the Federal deficit and stabilize the national debt without damaging the economic recovery;

(3)

consider deficit reduction proposals recently developed by leading budget experts, including various members of the National Commission on Fiscal Responsibility and Reform, and establish a plan that can attract broad bipartisan support;

(4)

ensure that any plan to address our Nation's long-term fiscal problems is balanced and provides fundamental reform of the Federal tax code along with prudent controls on spending;

(5)

lower tax rates and raise Federal revenues by eliminating tax expenditures that only serve special interests, as well as take aggressive measures to close the tax gap and stop cheating;

(6)

ensure that the Federal tax code fairly distributes the tax burden and helps American businesses compete in the global marketplace;

(7)

extend the solvency of Social Security for its own sake and ensure that no savings are used to meet deficit reduction goals in the remainder of the budget;

(8)

achieve savings through the elimination or consolidation of duplicative Federal programs and activities while also modernizing Federal procurement practices in order to reduce waste and leverage better value out of every dollar spent by the Federal Government; and

(9)

reject efforts to exempt tax breaks for millionaires and special interests from strong pay-as-you-go budgetary rules.