< Back to H.R. 4060 (112th Congress, 2011–2013)

Text of the Freeze Government Spending Act of 2012

This bill was introduced on February 16, 2012, in a previous session of Congress, but was not enacted. The text of the bill below is as of Feb 16, 2012 (Introduced).

Source: GPO

I

112th CONGRESS

2d Session

H. R. 4060

IN THE HOUSE OF REPRESENTATIVES

February 16, 2012

introduced the following bill; which was referred to the Committee on the Budget

A BILL

To amend the Balanced Budget and Emergency Deficit Control Act of 1985 to cap the level of Federal spending at $949 billion for each of fiscal years 2013 through 2021, and for other purposes.

1.

Short title

This Act may be cited as the Freeze Government Spending Act of 2012.

2.

Discretionary spending limits

Section 251(c) of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended to read as follows:

(c)

Discretionary spending limit

As used in this part, the term discretionary spending limit means, with respect to each of fiscal years 2013 through 2021, for the discretionary category, $949,000,000,000 in new budget authority, as adjusted in strict conformance with subsection (b).

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3.

Section 251A direct spending sequestration

(a)

In general

Section 251A of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended to read as follows:

251A.

Direct spending enforcement of budget goal

(a)

Direct spending sequestration

On January 2, 2013, for fiscal year 2013 and in its sequestration preview reports for fiscal years 2014 through 2021 pursuant to section 254(c), OMB shall state that the net amount of reduction in nonexempt direct spending accounts shall be $18,333,000,000 for each of fiscal years 2013 through 2020 and $18,336,000,000 for fiscal year 2021 and the sequestration percentage necessary to achieve that reduction in nonexempt direct spending accounts for the applicable fiscal year.

(b)

Implementing direct spending reductions

On the date specified in subsection (a) during each applicable year, OMB shall prepare and the President shall order a sequestration, effective upon issuance, of nonexempt direct spending to achieve the direct spending reduction set forth in that subsection. When implementing the sequestration of direct spending pursuant to this subsection, OMB shall follow the procedures specified in section 6 of the Statutory Pay-As-You-Go Act of 2010, the exemptions specified in section 255, and the special rules specified in section 256, except that the percentage reduction for the Medicare programs specified in section 256(d) shall not be more than 2 percent for a fiscal year.

(c)

Adjustment for Medicare

If the percentage reduction for the Medicare programs would exceed 2 percent for a fiscal year in the absence of subsection (b), OMB shall increase the reduction for all other direct spending by a uniform percentage to a level sufficient to achieve the reduction required by subsection (a).

(d)

Implementation of reductions

Any reductions imposed under this section shall be implemented in accordance with section 256(k).

(e)

Report

On the dates specified in subsection (a), OMB shall submit a report to Congress containing information about the calculations required under this section, a listing of the reductions required for each nonexempt direct spending account, and any other data and explanations that enhance public understanding of this title and actions taken under it.

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(b)

Conforming amendment

The item relating to section 251A in the table of contents set forth in section 250(a) of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended to read as follows:

Sec. 251A. Direct spending enforcement of budget goal.

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