To establish a budgetary level reduction schedule, and for other purposes.

Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on the Budget, and Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Bill 119 HR 143, also known as the Budgetary Level Reduction Schedule Act, aims to establish a schedule for reducing budgetary levels in the United States Congress. The bill outlines a plan for gradually decreasing the amount of money allocated for various government programs and initiatives over a specified period of time.

The main goal of this legislation is to address concerns about the growing national debt and the need for fiscal responsibility in government spending. By implementing a reduction schedule, lawmakers hope to curb excessive spending and ensure that taxpayer dollars are being used efficiently and effectively.

In addition to establishing the reduction schedule, the bill also includes provisions for monitoring and evaluating the impact of these budget cuts on government programs and services. This will help lawmakers make informed decisions about future budget allocations and ensure that essential services are not compromised in the process. Overall, Bill 119 HR 143 seeks to promote responsible budgeting practices and ensure that the government is operating within its means. It is an important step towards addressing the fiscal challenges facing the country and ensuring a sustainable financial future for generations to come.