# Congress passes Budget Control Act creating spending caps and sequestration mechanism

Date: 2011

The Budget Control Act of 2011 is a federal statute enacted by the 112th [United States Congress](/organizations/energy-actor-us-congress) and signed into law by US President [Barack Obama](/people/barack-obama) on August 2, 2011. The Act brought conclusion to the 2011 US debt-ceiling crisis.

## Sources

_Sources are listed on the canonical page._

## Methodology

https://factrail.ai/methodology

Canonical: https://factrail.ai/facts/congress-passes-budget-control-act-creating-spending-caps-and-sequestration-mechanism-2011