Number: RL33547 Title: S. 3521, the Stop Over Spending Act of 2006: A Brief Summary Authors: Bill Heniff, Jr., Government and Finance Division Abstract: S. 3521, the Stop Over Spending Act of 2006, proposes several changes to the congressional budget process, including providing the President a legislative line item veto, reinstituting statutory discretionary spending caps, establishing maximum deficit amounts, converting the annual budget cycle to a biennial one, establishing two commissions to examine federal government programs, and making various other modifications. This report provides a brief summary of the major provisions of S. 3521. Pages: 8 Date: July 14, 2006