Budget Control Act of 2011
The Budget Control Act of 2011 is Public Law 112–25, 125 Stat. 240, enacted on August 2, 2011, and introduced as S. 365,
Summary (Derived from the Congressional Research Service)
The Budget Control Act of 2011 (BCA; P.L. 112-25) provided for an increase in the statutory limit on the public debt in conjunction with a variety of measures to reduce the budget deficit. Included in these measures was the creation of a Joint Select Committee on Deficit Reduction, which was tasked to develop and submit a plan to Congress containing deficit reduction to total at least $1.2 trillion over the FY2012-FY2021 period. However, because the committee did not report out recommendations, the BCA’s automatic spending reduction process was triggered.