This is one of the bills, which deals with sequestration
Bill Text - 112th Congress (2011-2012) - THOMAS (Library of Congress)
H.R.6684
Spending Reduction Act of 2012 (Introduced in House - IH)
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TITLE VII--SEQUESTER REPLACEMENT
SEC. 701. SHORT TITLE.
This title may be cited as the `Sequester Replacement Act of 2012'.
SEC. 702. PROTECTING VETERANS PROGRAMS FROM SEQUESTER.
Section 256(e)(2)(E) of the Balanced Budget and Emergency Deficit Control Act of 1985 is repealed.
SEC. 703. ACHIEVING $19 BILLION IN DISCRETIONARY SAVINGS.
(a) Revised 2013 Discretionary Spending Limit- Paragraph (2) of section 251(c) of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended to read as follows:
`(2) with respect to fiscal year 2013, for the discretionary category, $1,047,000,000,000 in new budget authority;'.
(b) Discretionary Savings- Section 251A(7)(A) of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended to read as follows:
`(A) FISCAL YEAR 2013-
`(i) FISCAL YEAR 2013 ADJUSTMENT- On January 2, 2013, the discretionary category set forth in section 251(c)(2) shall be decreased by $19,104,000,000 in budget authority.
`(ii) SUPPLEMENTAL SEQUESTRATION ORDER- On January 15, 2013, OMB shall issue a supplemental sequestration report for fiscal year 2013 and take the form of a final sequestration report as set forth in section 254(f)(2) and using the procedures set forth in section 253(f), to eliminate any discretionary spending breach of the spending limit set forth in section 251(c)(2) as adjusted by clause (i), and the President shall order a sequestration, if any, as required by such report.'.
SEC. 704. CONFORMING AMENDMENTS TO SECTION 314 OF THE CONGRESSIONAL BUDGET AND IMPOUNDMENT CONTROL ACT OF 1974.
Section 314(a) of the Congressional Budget Act of 1974 is amended to read as follows:
`(a) Adjustments-
`(1) IN GENERAL- The chair of the Committee on the Budget of the House of Representatives or the Senate may make adjustments as set forth in paragraph (2) for a bill or joint resolution, amendment thereto or conference report thereon, by the amount of new budget authority and outlays flowing therefrom in the same amount as required by section 251(b) of the Balanced Budget and Emergency Deficit Control Act of 1985.
`(2) MATTERS TO BE ADJUSTED- The chair of the Committee on the Budget of the House of Representatives or the Senate may make the adjustments referred to in paragraph (1) to--
`(A) the allocations made pursuant to the appropriate concurrent resolution on the budget pursuant to section 302(a);
`(B) the budgetary aggregates as set forth in the appropriate concurrent resolution on the budget; and
`(C) the discretionary spending limits, if any, set forth in the appropriate concurrent resolution on the budget.'.
SEC. 705. TREATMENT FOR PAYGO PURPOSES.
The budgetary effects of this Act and any amendment made by it shall not be entered on either PAYGO scorecard maintained pursuant to section 4(d) of the Statutory Pay-As-You-Go Act of 2010.
SEC. 706. ELIMINATION OF THE FISCAL YEAR 2013 SEQUESTRATION FOR DEFENSE DIRECT SPENDING.
Any sequestration order issued by the President under the Balanced Budget and Emergency Deficit Control Act of 1985 to carry out reductions to direct spending for the defense function (050) for fiscal year 2013 pursuant to section 251A of such Act shall have no force or effect.