IB
Union Calendar No. 329
112th CONGRESS
2d Session
H. R. 4966
[Report No. 112–469, Part I]
IN THE HOUSE OF REPRESENTATIVES
April 27, 2012
Mr. Ryan of Wisconsin introduced the following bill; which was referred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned
May 9, 2012
Reported from the Committee on the Budget with an amendment
Omit the part struck through and insert the part printed in italic
May 9, 2012
The Committee on Rules discharged; committed to the Committee of the Whole House on the State of the Union and ordered to be printed
A BILL
To amend the Balanced Budget and Emergency Deficit Control Act of 1985 to replace the sequester established by the Budget Control Act of 2011.
Short title
This Act may be cited as the
Sequester Replacement Act of
2012
.
Contingent effective date
This Act and the amendments made by it shall take effect upon the enactment of the Act provided for in section 201 of H. Con. Res. 112 (112th Congress) and this Act and the amendments made by it shall have no force or effect if such Act provided for in such section is not enacted.
Protecting veterans programs from sequester
Section 256(e)(2)(E) of the Balanced Budget and Emergency Deficit Control Act of 1985 is repealed.
Achieving $19 billion in discretionary savings
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:
with respect to fiscal year 2013, for the discretionary category, $1,047,000,000,000 in new budget authority;
.
Discretionary savings
Section 251A(7)(A) of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended to read as follows:
Fiscal year 2013
Fiscal year 2013 adjustment
On January 2, 2013, the discretionary category set
forth in section
251(c)(2)(A)251(c)(2)
shall be decreased by $19,104,000,000 in budget authority.
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)(A)251(c)(2)
as adjusted by clause (i), and the President shall order a sequestration, if
any, as required by such
report.
.
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:
Adjustments
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.
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—
the allocations made pursuant to the appropriate concurrent resolution on the budget pursuant to section 302(a);
the budgetary aggregates as set forth in the appropriate concurrent resolution on the budget; and
the discretionary spending limits, if any, set forth in the appropriate concurrent resolution on the budget.
.
Treatment for PAYGO purposes
The budgetary effects of this Act and any amendment made by it, and the budgetary effects of the Act provided for by section 201 of H. Con. Res. 112 (112th Congress), shall not be entered on either PAYGO scorecard maintained pursuant to section 4(d) of the Statutory Pay-As-You-Go Act of 2010.
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.
May 9, 2012
Reported from the Committee on the Budget with an amendment
May 9, 2012
The Committee on Rules discharged; committed to the Committee of the Whole House on the State of the Union and ordered to be printed
