HR 4966 IHRH
112th CONGRESS
2d Session
H. R. 4966
[Report No. 112-469, Part I]
To amend the Balanced Budget and Emergency Deficit Control Act of 1985 to replace the sequester established by the Budget Control Act of 2011.
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.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
SEC. 2. 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.
SEC. 3. PROTECTING VETERANS PROGRAMS FROM SEQUESTER.
SEC. 4. 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 section251(c)(2)(A [Struck out->]251(c)(2)(A)[<-Struck out] 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 section251(c)(2)(A [Struck out->]251(c)(2)(A)[<-Struck out] 251(c)(2) as adjusted by clause (i), and the President shall order a sequestration, if any, as required by such report.’.
SEC. 5. CONFORMING AMENDMENTS TO SECTION 314 OF THE CONGRESSIONAL BUDGET AND IMPOUNDMENT CONTROL ACT OF 1974.
SEC. 6. 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.
SEC. 7. 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.
Union Calendar No. 329
112th CONGRESS
2d Session
H. R. 4966
[Report No. 112-469, Part I]
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.
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
U.S. Congress - Text of H.R.4966 as Reported in House Sequester Replacement Act of 2012
