This book provides a summary and legislative history of P.L.
111-139, focusing on the features of the Statutory Pay-As-You-Go
(PAYGO) Act of 2010. PAYGO establishes a process intended to
enforce a rule of budget neutrality on new revenue and direct
spending legislation. As a budget enforcement tool, it is aimed at
preventing, or at least discouraging, net deficit increases arising
from the enactment of direct spending and revenue legislation. Any
costs designated as emergencies are excluded from the scorecards,
and significant costs associated with four specified categories of
legislation may be excluded as well. The statutory PAYGO process
does not address deficit increases, stemming from changes in direct
spending or revenue levels, that are projected to occur under
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