U.S. Congress - Text of S.178 as Introduced in Senate Spending Reduction Act of 2011
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Donate NowS.178 - Spending Reduction Act of 2011
A bill to reduce Federal spending by $2.5 trillion through fiscal year 2021.
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S 178 ISCommentsClose CommentsPermalink
112th CONGRESSCommentsClose CommentsPermalink
1st SessionCommentsClose CommentsPermalink
S. 178CommentsClose CommentsPermalink
To reduce Federal spending by $2.5 trillion through fiscal year 2021.CommentsClose CommentsPermalink
IN THE SENATE OF THE UNITED STATESCommentsClose CommentsPermalink
January 25 (legislative day, January 5), 2011CommentsClose CommentsPermalink
January 25 (legislative day, January 5), 2011CommentsClose CommentsPermalink
Mr. DEMINT introduced the following bill; which was read twice and referred to the Committee on FinanceCommentsClose CommentsPermalink
A BILLCommentsClose CommentsPermalink
To reduce Federal spending by $2.5 trillion through fiscal year 2021.CommentsClose CommentsPermalink
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,CommentsClose CommentsPermalink
SECTION 1. SHORT TITLE; TABLE OF CONTENTS.
(a) Short Title- This Act may be cited as the ‘Spending Reduction Act of 2011’.CommentsClose CommentsPermalink
(b) Table of Contents- The table of contents for this Act is as follows:CommentsClose CommentsPermalink
Sec. 1. Short title; table of contents.CommentsClose CommentsPermalink
TITLE I--SPENDING REDUCTIONS UNDER CONTINUING APPROPRIATIONS ACT, 2011
Sec. 101. Reduction of nonsecurity discretionary spending to fiscal year 2008 level.CommentsClose CommentsPermalink
TITLE II--CHANGES IN THE BASELINE; DISCRETIONARY SPENDING LIMITS FOR NONDEFENSE SPENDING
Subtitle A--Elimination of Automatic Increases for Inflation
Sec. 201. Changes in the baseline.CommentsClose CommentsPermalink
Sec. 202. Extension.CommentsClose CommentsPermalink
Subtitle B--Discretionary Spending Limits for Nondefense Spending
Sec. 211. Extension of discretionary spending limits for nondefense spending.CommentsClose CommentsPermalink
Sec. 212. Enforcement.CommentsClose CommentsPermalink
Sec. 213. Reports.CommentsClose CommentsPermalink
Sec. 214. Expiration.CommentsClose CommentsPermalink
TITLE III--RESCISSION OF UNOBLIGATED STIMULUS FUNDS AND REPEAL OF CERTAIN STIMULUS PROVISIONS
Sec. 301. Rescission of unobligated stimulus funds.CommentsClose CommentsPermalink
Sec. 302. Repeal of certain stimulus provisions.CommentsClose CommentsPermalink
TITLE IV--PROVISIONS RELATING TO FEDERAL CIVILIAN WORKFORCE
Sec. 401. Extension of Federal employee pay freeze.CommentsClose CommentsPermalink
Sec. 402. Limitation on the number of civilian employees in the executive branch.CommentsClose CommentsPermalink
Sec. 403. Ineligibility of persons having seriously delinquent tax debts for Federal employment.CommentsClose CommentsPermalink
Sec. 404. Repeal of certain provisions relating to official time for Federal employees.CommentsClose CommentsPermalink
TITLE V--PROGRAM ELIMINATIONS AND RELATED PROVISIONS
Subtitle A--Provisions Relating to Program Eliminations
Sec. 501. Program eliminations.CommentsClose CommentsPermalink
Sec. 502. Repeal of national organic certification cost-share program.CommentsClose CommentsPermalink
Sec. 503. Prohibiting unauthorized payments to District of Columbia.CommentsClose CommentsPermalink
Sec. 504. Prohibiting payment of gratuities to survivors of Members of Congress.CommentsClose CommentsPermalink
Sec. 505. Davis-Bacon Repeal Act.CommentsClose CommentsPermalink
Sec. 506. Priorities in Education Spending Act.CommentsClose CommentsPermalink
Sec. 507. Repeal of temporary increase of Medicaid FMAP.CommentsClose CommentsPermalink
Sec. 508. Moratorium on construction or leasing of new Federal buildings in District of Columbia until January 2013.CommentsClose CommentsPermalink
Subtitle B--Elimination of Presidential Election Campaign Fund
Sec. 511. Termination of taxpayer financing of Presidential election campaigns.CommentsClose CommentsPermalink
Subtitle C--Repeal of Sugar Price Support and Other Programs
Sec. 521. Repeal of sugar price support program and marketing allotments for sugar.CommentsClose CommentsPermalink
Sec. 522. Repeal of market access program.CommentsClose CommentsPermalink
Sec. 523. Termination of availability of marketing assistance loans and loan deficiency payments for mohair producers.CommentsClose CommentsPermalink
Subtitle D--Federal Real Property Disposal Pilot Program
Sec. 531. Federal Real Property Disposal Pilot Program.CommentsClose CommentsPermalink
TITLE VI--FANNIE MAE AND FREDDIE MAC
Sec. 601. Short title.CommentsClose CommentsPermalink
Sec. 602. Definitions.CommentsClose CommentsPermalink
Sec. 603. Termination of current conservatorship.CommentsClose CommentsPermalink
Sec. 604. Limitation of enterprise authority upon emergence from conservatorship.CommentsClose CommentsPermalink
Sec. 605. Required wind down of operations and dissolution of enterprise.CommentsClose CommentsPermalink
TITLE VII--MISCELLANEOUS
Sec. 701. Limitation on Government printing costs.CommentsClose CommentsPermalink
Sec. 702. Deposit of IRS user fees as general receipts.CommentsClose CommentsPermalink
Sec. 703. Limitation of Government travel costs.CommentsClose CommentsPermalink
Sec. 704. Reduction in Federal vehicle costs.CommentsClose CommentsPermalink
Sec. 705. Repeals of prohibitions on public-private competitions for conversion to contractor performance of functions performed by Federal employees pursuant to Office of Management and Budget Circular A-76.CommentsClose CommentsPermalink
Sec. 706. Deauthorization of appropriations to carry out PPACA and HCERA.CommentsClose CommentsPermalink
Sec. 707. Rescission of Health Insurance Reform Implementation funds.CommentsClose CommentsPermalink
Sec. 708. Taxpayer-generated deficit reduction.CommentsClose CommentsPermalink
Sec. 709. Limitation on funds to implement certain health care laws.CommentsClose CommentsPermalink
TITLE I--SPENDING REDUCTIONS UNDER CONTINUING APPROPRIATIONS ACT, 2011CommentsClose CommentsPermalink
TITLE I--SPENDING REDUCTIONS UNDER CONTINUING APPROPRIATIONS ACT, 2011CommentsClose CommentsPermalink
SEC. 101. REDUCTION OF NONSECURITY DISCRETIONARY SPENDING TO FISCAL YEAR 2008 LEVEL.
(a) In General- Section 101 of the Continuing Appropriations Act, 2011 (
‘(b)(1) Such amounts as may be necessary, at a rate for operations as provided in the appropriations Acts for fiscal year 2008 referred to in section 101 of division A of
Public Law 110-329 and under the authority and conditions provided in such Acts for projects or activities (including the costs of direct loans and loan guarantees) that are not otherwise provided for, that were conducted in fiscal years 2008 and 2010, and for which appropriations, funds, or other authority were made available in such Acts.CommentsClose CommentsPermalink‘(2) If the amount provided for a project or activity by paragraph (1) would be higher than the amount provided in appropriations Acts for fiscal year 2010, such project or activity shall be funded at the lower such amount.’.CommentsClose CommentsPermalink
(b) Continuation of Security-Related Discretionary Spending- Section 101 of such Act is further amended--CommentsClose CommentsPermalink
(1) by inserting ‘(a)’ after the section designation;CommentsClose CommentsPermalink
(2) in subsection (a), as so amended, by striking paragraphs (1), (3), (5), (6), (7), (9), and (10);CommentsClose CommentsPermalink
(3) in subsection (a), as so amended, by redesignating paragraphs (2), (4), and (8) as paragraphs (1), (2), and (3), respectively; andCommentsClose CommentsPermalink
(4) by adding at the end of subsection (a), as amended by paragraphs (1), (2), and (3), the following:CommentsClose CommentsPermalink
‘(4) Division E of the Consolidated Appropriations Act, 2010 (
Public Law 111-117 ).’.CommentsClose CommentsPermalink
(c) Conforming Amendments- Section 114(2) of such Act is amended--CommentsClose CommentsPermalink
(1) by striking ‘(8)’ and inserting ‘(3)’; andCommentsClose CommentsPermalink
(2) by inserting ‘(a)’ after ‘section 101’.CommentsClose CommentsPermalink
TITLE II--CHANGES IN THE BASELINE; DISCRETIONARY SPENDING LIMITS FOR NONDEFENSE SPENDINGCommentsClose CommentsPermalink
TITLE II--CHANGES IN THE BASELINE; DISCRETIONARY SPENDING LIMITS FOR NONDEFENSE SPENDINGCommentsClose CommentsPermalink
Subtitle A--Elimination of Automatic Increases for InflationCommentsClose CommentsPermalink
Subtitle A--Elimination of Automatic Increases for InflationCommentsClose CommentsPermalink
SEC. 201. CHANGES IN THE BASELINE.
Section 257(c) of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended--CommentsClose CommentsPermalink
(1) in the second sentence of paragraph (1), by striking everything that follows ‘current year,’ and inserting ‘excluding resources designated as an emergency requirement and any resources provided in supplemental appropriation laws.’;CommentsClose CommentsPermalink
(2) by striking paragraphs (2), (3), (4), and (5);CommentsClose CommentsPermalink
(3) by redesignating paragraph (6) as paragraph (2); andCommentsClose CommentsPermalink
(4) by inserting after paragraph (2) the following new paragraph:CommentsClose CommentsPermalink
‘(3) NO ADJUSTMENT FOR INFLATION- No adjustment shall be made for inflation or for any other factor.’.CommentsClose CommentsPermalink
SEC. 202. EXTENSION.
The second sentence of section 275(b) of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended by inserting ‘other than subsections (a) through (d) of section 257’ after ‘title’.CommentsClose CommentsPermalink
Subtitle B--Discretionary Spending Limits for Nondefense SpendingCommentsClose CommentsPermalink
Subtitle B--Discretionary Spending Limits for Nondefense SpendingCommentsClose CommentsPermalink
SEC. 211. EXTENSION OF DISCRETIONARY SPENDING LIMITS FOR NONDEFENSE SPENDING.
(a) In General- Section 251(c) of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended to read as follows:CommentsClose CommentsPermalink
‘(c) Discretionary Spending Limit- As used in this part, the term ‘discretionary spending limit’ means--CommentsClose CommentsPermalink
‘(1) for fiscal year 2011 for the nondefense category $457,000,000,000 in new budget authority; andCommentsClose CommentsPermalink
‘(2) for each of fiscal years 2012 through 2021 for the nondefense discretionary category $409,000,000,000 in new budget authority.’.CommentsClose CommentsPermalink
(b) Definitions- Section 250(c)(4) of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended in subparagraph (C) by inserting ‘(and successor accounts)’ after ‘budget accounts’.CommentsClose CommentsPermalink
SEC. 212. ENFORCEMENT.
(a) Discretionary Spending Limit Point of Order- Section 312 of the Congressional Budget Act of 1974 is amended by adding at the end the following new subsection:CommentsClose CommentsPermalink
‘(g) Discretionary Spending Limit Point of Order- It shall not be in order in the House of Representatives or the Senate to consider any bill, joint resolution, amendment, or conference report that--CommentsClose CommentsPermalink
‘(1) increases the discretionary spending limits for any ensuing fiscal year after the budget year; orCommentsClose CommentsPermalink
‘(2) would cause the discretionary spending limits for the budget year to be breached.’.CommentsClose CommentsPermalink
(b) Point of Order Against Budget Resolution That Breaches Limits- It shall not be in order in the House of Representatives or the Senate to consider any concurrent resolution on the budget that would cause the discretionary spending limits for the budget year to be breached.CommentsClose CommentsPermalink
(c) Advance Appropriation Point of Order- Section 312 of the Congressional Budget Act of 1974 (as amended by this section) is further amended by adding at the end the following new subsection:CommentsClose CommentsPermalink
‘(i) Advance Appropriation Point of Order- It shall not be in order in the House of Representatives or the Senate to consider any appropriation bill or joint resolution, or amendment thereto or conference report thereon, that provides advance discretionary new budget authority that first becomes available for any fiscal year after the budget year at an amount for any program, project, or activity above the amount of appropriations for fiscal year 2007 for such program, project, or activity.’.CommentsClose CommentsPermalink
SEC. 213. REPORTS.
Subsections (c)(2) and (f)(2)(A) of section 254 of the Balanced Budget and Emergency Deficit Control Act of 1985 are amended by striking ‘2002’ and inserting ‘2021’.CommentsClose CommentsPermalink
SEC. 214. EXPIRATION.
Section 275(b) of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended by striking ‘2002’ and inserting ‘2021’.CommentsClose CommentsPermalink
TITLE III--RESCISSION OF UNOBLIGATED STIMULUS FUNDS AND REPEAL OF CERTAIN STIMULUS PROVISIONSCommentsClose CommentsPermalink
TITLE III--RESCISSION OF UNOBLIGATED STIMULUS FUNDS AND REPEAL OF CERTAIN STIMULUS PROVISIONSCommentsClose CommentsPermalink
SEC. 301. RESCISSION OF UNOBLIGATED STIMULUS FUNDS.
Effective on the date of the enactment of this Act, there are rescinded all unobligated balances of the discretionary appropriations made available by division A of the American Recovery and Reinvestment Act of 2009 (
SEC. 302. REPEAL OF CERTAIN STIMULUS PROVISIONS.
Effective on the date of the enactment of this Act, subtitles B and C of title II and titles III through VII of division B of the American Recovery and Reinvestment Act of 2009 (
TITLE IV--PROVISIONS RELATING TO FEDERAL CIVILIAN WORKFORCECommentsClose CommentsPermalink
TITLE IV--PROVISIONS RELATING TO FEDERAL CIVILIAN WORKFORCECommentsClose CommentsPermalink
SEC. 401. EXTENSION OF FEDERAL EMPLOYEE PAY FREEZE.
Section 147 of the Continuing Appropriations Act, 2011 (
(1) in subsection (b)(1), by striking ‘2012’ and inserting ‘2015’; andCommentsClose CommentsPermalink
(2) in subsection (c), by striking ‘2012’ and inserting ‘2015’.CommentsClose CommentsPermalink
SEC. 402. LIMITATION ON THE NUMBER OF CIVILIAN EMPLOYEES IN THE EXECUTIVE BRANCH.
(a) Limitation- Except as otherwise provided in this section--CommentsClose CommentsPermalink
(1) no person shall be appointed as a full-time civilian employee to a permanent position in the executive branch during any month when the number of such employees is greater than the number equal to 85 percent of the number of such employees on September 30, 2010; andCommentsClose CommentsPermalink
(2) the number of temporary and part-time employees in any agency in the executive branch during any month shall not be greater than the number of such employees during the corresponding month in fiscal year 2010.CommentsClose CommentsPermalink
(b) Provisions Relating to Limitation Under Subsection (a)(1)-CommentsClose CommentsPermalink
(1) IN GENERAL- During any period when appointments are otherwise prohibited under subsection (a)(1), an appointing authority may, except as otherwise provided in this subsection, appoint persons as full-time civilian employees in permanent positions in an agency so long as the total number of persons appointed as full-time civilian employees in permanent positions in such agency (and attributable to such period) does not exceed the number equal to 50 percent of the number of vacancies in such positions which have occurred during such period by reason of resignation, retirement, removal, or death.CommentsClose CommentsPermalink
(2) SMALL AGENCIES- For purposes of paragraph (1), all agencies which, on the first day of any period when appointments are otherwise prohibited under subsection (a)(1), have 50 or fewer full-time civilian employees in permanent positions shall be treated as one agency, and the Director of the Office of Management and Budget (hereinafter in this section referred to as the ‘Director’) shall determine the vacancies in each such agency which may be filled by reason of paragraph (1).CommentsClose CommentsPermalink
(3) REASSIGNMENTS- For purposes of paragraph (1), the Director may reassign vacancies from one agency to another agency when such reassignment is, in the opinion of the Director, necessary or appropriate because of the creation of a new agency, because of a change in functions, or for the more efficient operation of the Government.CommentsClose CommentsPermalink
(4) TRANSFERS- If a full-time civilian employee in a permanent position is transferred from one agency to another agency--CommentsClose CommentsPermalink
(A) such transfer shall be taken into account under paragraph (1) as an appointment by the head of the agency to which such employee transfers; andCommentsClose CommentsPermalink
(B) subsection (a)(1) shall not apply to an appointment to the vacancy in the agency from which such employee transferred and such vacancy shall not be taken into account under paragraph (1).CommentsClose CommentsPermalink
(5) EXCLUSION- Subsection (a)(1) shall not affect appointments to positions within the United States Postal Service or the Postal Regulatory Commission, and no employee of the United States Postal Service or the Postal Regulatory Commission shall be taken into account for purposes of any determination under subsection (a)(1) of the number of full-time civilian employees in permanent positions in the executive branch at any time.CommentsClose CommentsPermalink
(c) Provisions Relating to Limitation Under Subsection (a)(2)- For purposes of subsection (a)(2), the Director may reassign authorized temporary and part-time employment from one agency to another agency when such reassignment is, in the opinion of the Director, necessary or appropriate because of the creation of a new agency, because of a change in function, or for the more efficient operation of the Government.CommentsClose CommentsPermalink
(d) Treatment of Certain Employees; Agency Defined- For purposes of this section--CommentsClose CommentsPermalink
(1) there shall not be taken into account--CommentsClose CommentsPermalink
(A) any position filled by appointment by the President by and with the advice and consent of the Senate, other than for purposes of determining under subsection (a)(1) the number of full-time civilian employees in permanent positions in the executive branch at any time; orCommentsClose CommentsPermalink
(B) casual employees or employees serving without compensation; andCommentsClose CommentsPermalink
(2) the term ‘agency’ or ‘agency in the executive branch’ means an Executive department, a Government corporation, and an independent establishment (as those terms are defined in chapter 1 of title 5, United States Code), but does not include the Government Accountability Office.CommentsClose CommentsPermalink
(e) Disposition of Savings- The Director shall maintain a continuous study of all appropriations and contract authorizations in relation to personnel employed and shall reserve from expenditure the savings in salaries and wages resulting from the operation of this section, and any savings in other categories of expense which the Director determines will result from such operation.CommentsClose CommentsPermalink
(f) Information- Agencies in the executive branch shall submit to the Director such information as may be necessary to enable the Director to carry out the functions of the Director under this section.CommentsClose CommentsPermalink
(g) Reports- The Director shall submit to each House of Congress, at the end of each calendar quarter, a report on the operation of this section.CommentsClose CommentsPermalink
(h) Reemployment Rights Not Affected- Nothing in this section shall supersede or modify the reemployment rights of any person under chapter 43 of title 38, United States Code, or any other provision of law conferring reemployment rights upon persons who have performed service in the uniformed services.CommentsClose CommentsPermalink
(i) Regulations- The Director shall prescribe any regulations necessary to carry out the purposes of this section.CommentsClose CommentsPermalink
(j) Effective Date- This section (other than subsection (i)) shall take effect on the first day of the first month which begins after the date of the enactment of this Act.CommentsClose CommentsPermalink
SEC. 403. INELIGIBILITY OF PERSONS HAVING SERIOUSLY DELINQUENT TAX DEBTS FOR FEDERAL EMPLOYMENT.
(a) In General- Chapter 73 of title 5, United States Code, is amended by adding at the end the following:CommentsClose CommentsPermalink
‘SUBCHAPTER VIII--INELIGIBILITY OF PERSONS HAVING SERIOUSLY DELINQUENT TAX DEBTS FOR FEDERAL EMPLOYMENT
‘Sec. 7381. Ineligibility of persons having seriously delinquent tax debts for Federal employment
‘(a) Definition- For purposes of this section--CommentsClose CommentsPermalink
‘(1) the term ‘seriously delinquent tax debt’ means an outstanding debt under the Internal Revenue Code of 1986 for which a notice of lien has been filed in public records pursuant to section 6323 of such Code, except that such term does not include--CommentsClose CommentsPermalink
‘(A) a debt that is being paid in a timely manner pursuant to an agreement under section 6159 or section 7122 of such Code; andCommentsClose CommentsPermalink
‘(B) a debt with respect to which a collection due process hearing under section 6330 of such Code, or relief under subsection (a), (b), or (f) of section 6015 of such Code, is requested or pending; andCommentsClose CommentsPermalink
‘(2) the term ‘Federal employee’ means--CommentsClose CommentsPermalink
‘(A) an employee, as defined by section 2105; andCommentsClose CommentsPermalink
‘(B) an employee of the United States Postal Service or of the Postal Regulatory Commission.CommentsClose CommentsPermalink
‘(b) Ineligibility for Federal Employment- An individual who has a seriously delinquent tax debt shall be ineligible to be appointed, or to continue serving, as a Federal employee.CommentsClose CommentsPermalink
‘(c) Exception for National Security, etc- Nothing in subsection (b) shall--CommentsClose CommentsPermalink
‘(1) apply in the case of any individual whose services are required for reasons of national security, as determined by the President in writing; orCommentsClose CommentsPermalink
‘(2) prevent the continued service of any officer whose appointment is required to be made by the President, by and with the advice and consent of the Senate.CommentsClose CommentsPermalink
‘(d) Regulations- The Office of Personnel Management shall, for purposes of carrying out this section with respect to the executive branch, prescribe any regulations which the Office considers necessary.’.CommentsClose CommentsPermalink
(b) Clerical Amendment- The analysis for chapter 73 of title 5, United States Code, is amended by adding at the end the following:CommentsClose CommentsPermalink
‘subchapter viii--ineligibility of persons having seriously delinquent tax debts for federal employment
‘7381. Ineligibility of persons having seriously delinquent tax debts for Federal employment.’.CommentsClose CommentsPermalink
SEC. 404. REPEAL OF CERTAIN PROVISIONS RELATING TO OFFICIAL TIME FOR FEDERAL EMPLOYEES.
Subsections (a) and (c) of
TITLE V--PROGRAM ELIMINATIONS AND RELATED PROVISIONSCommentsClose CommentsPermalink
TITLE V--PROGRAM ELIMINATIONS AND RELATED PROVISIONSCommentsClose CommentsPermalink
Subtitle A--Provisions Relating to Program EliminationsCommentsClose CommentsPermalink
Subtitle A--Provisions Relating to Program EliminationsCommentsClose CommentsPermalink
SEC. 501. PROGRAM ELIMINATIONS.
(a) In General- No funds appropriated or otherwise available to any Federal department or agency may be obligated or expended for any program or other purpose described in subsection (b).CommentsClose CommentsPermalink
(b) Programs and Purposes Described- The programs and purposes described in this subsection are as follows:CommentsClose CommentsPermalink
(1) The Legal Services Corporation.CommentsClose CommentsPermalink
(2) The Save America’s Treasures program.CommentsClose CommentsPermalink
(3) The National Heritage Areas program.CommentsClose CommentsPermalink
(4) The National Endowment for the Arts.CommentsClose CommentsPermalink
(5) The National Endowment for the Humanities.CommentsClose CommentsPermalink
(6) Subpart 3 of part D of title II of the Elementary and Secondary Education Act of 1965 (
(7) Subpart 12 of part D of title V of the Elementary and Secondary Education Act of 1965 (
(8) The National and Community Service Act of 1990 (
(9) United States contributions to the International Fund for Ireland.CommentsClose CommentsPermalink
(10) The Trade and Development Agency.CommentsClose CommentsPermalink
(11) The Woodrow Wilson Memorial Act of 1968 (82 Stat. 1356).CommentsClose CommentsPermalink
(12) United States economic assistance to Egypt.CommentsClose CommentsPermalink
(13) The United States Agency for International Development.CommentsClose CommentsPermalink
(14) United States contributions to the Intergovernmental Panel on Climate Change.CommentsClose CommentsPermalink
(15) The John C. Stennis Center for Public Service Training and Development.CommentsClose CommentsPermalink
(16) The essential air service program of the Federal Aviation Administration authorized by subchapter II of chapter 417 of title 49, United States Code.CommentsClose CommentsPermalink
(17) The new starts program of the Federal Transit Administration authorized by
(18) Beach replenishment projects of the Corps of Engineers.CommentsClose CommentsPermalink
(19) The Appalachian Regional Commission.CommentsClose CommentsPermalink
(20) The Economic Development Administration.CommentsClose CommentsPermalink
(21) Capital and preventive maintenance projects for the Washington Metropolitan Area Transit Authority authorized by title VI of the Passenger Rail Investment and Improvement Act of 2008 (122 Stat. 4968).CommentsClose CommentsPermalink
(22) Title X of the Public Health Service Act (
(23) The weatherization program authorized by part A of title IV of the Energy Conservation and Production Act (
(24) The FreedomCAR and Fuel Partnership in the Vehicle Technologies Program of the Department of Energy.CommentsClose CommentsPermalink
(25) The Energy Star program authorized by section 324A of the Energy Policy and Conservation Act (
(26) The Corporation for Public Broadcasting.CommentsClose CommentsPermalink
(27) Amtrak.CommentsClose CommentsPermalink
(28) Grants supporting intercity rail passenger service and high-speed rail.CommentsClose CommentsPermalink
(29) Applied research sponsored by the Department of Energy.CommentsClose CommentsPermalink
(30) The Technology Innovation Program authorized by section 28 of the National Institute of Standards and Technology Act (
(31) The Hollings Manufacturing Extension Partnership and all other programs authorized by section 25 of the National Institute of Standards and Technology Act (
(32) The Community Development Fund of the Department of Housing and Urban Development.CommentsClose CommentsPermalink
(33) The HOPE VI program of the Department of Housing and Urban Development authorized by section 24 of the United States Housing Act of 1937 (
(34) Grants provided under Edward Byrne Memorial Justice Assistance Grant Program under subpart 1 of part E of title I of the Omnibus Crime Control and Safe Streets Act of 1968 (
(35) United States contributions to the Organization for Economic Cooperation and Development.CommentsClose CommentsPermalink
(36) The U.S. Ambassadors Fund for Cultural Preservation.CommentsClose CommentsPermalink
(37) Doctoral dissertation research grants authorized under title V of the Housing and Urban Development Act of 1970 (
(c) Technical and Conforming Changes- Not later than 6 months after the date of enactment of this Act, the President shall submit to Congress a legislative proposal providing for such technical and conforming changes in the law as are required by the provisions of this section.CommentsClose CommentsPermalink
SEC. 502. REPEAL OF NATIONAL ORGANIC CERTIFICATION COST-SHARE PROGRAM.
(a) Repeal of Authority for Program- Section 10606 of the Farm Security and Rural Investment Act of 2002 (
(b) Termination of Obligations for Program- On and after the date of enactment of this Act, no funds shall be obligated to carry out the national organic certification cost-share program established under section 10606(a) of the Farm Security and Rural Investment Act of 2002 (
SEC. 503. PROHIBITING UNAUTHORIZED PAYMENTS TO DISTRICT OF COLUMBIA.
No funds appropriated or otherwise available to any Federal department or agency may be obligated or expended for any payment to the District of Columbia unless the payment is authorized by a law other than the law making the appropriation of the funds involved.CommentsClose CommentsPermalink
SEC. 504. PROHIBITING PAYMENT OF GRATUITIES TO SURVIVORS OF MEMBERS OF CONGRESS.
(a) Prohibition- No payment may be made from the applicable accounts of the House of Representatives, the contingent fund of the Senate, or any other appropriated funds for a death gratuity payment to the widow, widower, or heirs-at-law of any Member of Congress who dies after the commencement of the Congress to which the Member has been elected.CommentsClose CommentsPermalink
(b) No Effect on Other Payments to Survivors- Nothing in subsection (a) shall be construed to prohibit or affect the payment to any individual of any unpaid balance or salary or other sums due to a Member of Congress who dies after the commencement of the Congress to which the Member has been elected.CommentsClose CommentsPermalink
(c) Definition- For purposes of this section, the term ‘Member of Congress’ means a Senator or a Representative in, or Delegate or Resident Commissioner to, the Congress.CommentsClose CommentsPermalink
SEC. 505. DAVIS-BACON REPEAL ACT.
(a) Short Title- This section may be cited as the ‘Davis-Bacon Repeal Act’.CommentsClose CommentsPermalink
(b) Repeal of Davis-Bacon Wage Requirements- Subchapter IV of chapter 31 of title 40, United States Code, is repealed.CommentsClose CommentsPermalink
(c) Effective Date and Limitation- The amendments made by subsection (b) shall take effect 30 days after the date of the enactment of this Act but shall not affect any contract in existence on such date of enactment or made pursuant to invitation for bids outstanding on such date of enactment.CommentsClose CommentsPermalink
SEC. 506. PRIORITIES IN EDUCATION SPENDING ACT.
(a) Short Title- This section may be cited as the ‘Priorities in Education Spending Act’.CommentsClose CommentsPermalink
(b) Elementary and Secondary Education Programs- The following provisions of the Elementary and Secondary Education Act of 1965 (
(1) Subpart 3 of part B of title I (
(2) Subpart 4 of part B of title I (
(3) Section 1504 of part E of title I (
(4) Part F of title I (
(5) Section 2151(b) of subpart 5 of part A of title II (
(6) Section 2151(c) of subpart 5 of part A of title II (
(7) Subpart 2 of part C of title II (
(8) Subpart 4 of part C of title II (
(9) Part D of title II (
(10) Subpart 4 of part B of title III (
(11) Section 4129 of subpart 2 of part A of title IV (
(12) Section 4130 of subpart 2 of part A of title IV (
(13) Subpart 2 of part D of title V (
(14) Subpart 4 of part D of title V (
(15) Subpart 5 of part D of title V (
(16) Subpart 7 of part D of title V (
(17) Subpart 8 of part D of title V (
(18) Subpart 9 of part D of title V (
(19) Subpart 10 of part D of title V (
(20) Subpart 11 of part D of title V (
(21) Subpart 12 of part D of title V (
(22) Subpart 14 of part D of title V (
(23) Subpart 15 of part D of title V (
(24) Subpart 18 of part D of title V (
(25) Subpart 20 of part D of title V (
(26) Subpart 21 of part D of title V (
(27) Part B of title VII (
(28) Part C of title VII (
(c) Early Learning Opportunities Act- Title VIII of H.R. 5656 of the 106th Congress (
(d) Higher Education Programs-CommentsClose CommentsPermalink
(1) HIGHER EDUCATION ACT OF 1965- The following provisions of the Higher Education Act of 1965 (
(A) Section 317 (
(B) Subpart 6 of part A of title IV (
(C) Subpart 9 of part A of title IV (
(D) Section 428L (
(E) Section 432(n) (
(F) Subpart 3 of part A of title VII (
(G) Subpart 1 of part D of title VII (
(H) Part E of title VII (
(I) Part C of title VIII (
(J) Part G of title VIII (
(K) Part I of title VIII (
(L) Part J of title VIII (
(M) Part K of title VIII (
(N) Part M of title VIII (
(O) Part N of title VIII (
(P) Part P of title VIII (
(Q) Part Q of title VIII (
(R) Part S of title VIII (
(S) Part V of title VIII (
(T) Part W of title VIII (
(U) Part X of title VIII (
(V) Part Z of title VIII (
(2) HIGHER EDUCATION AMENDMENTS OF 1998- The following provisions of the Higher Education Amendments of 1998 (
(A) Part D of title VIII (
(B) Part H of title VIII (
(3) OTHER HIGHER EDUCATION LAWS- The following provisions of law are hereby repealed:CommentsClose CommentsPermalink
(A) Section 121 of the Education of the Deaf Act of 1986 (
(B) Section 802 of the Higher Education Opportunity Act (
(C) Section 5(c) of the Stevenson-Wydler Technology Innovation Act of 1980 (
(D) Part E of title XV of the Higher Education Amendments of 1992 (
(e) Literacy Program for Prisoners- Notwithstanding the provisions under the heading ‘Safe Schools and Citizenship Education’ in title III of division F of
(f) Loan Repayment for Prosecutors and Public Defenders- The first part JJ of title I of the Omnibus Crime Control and Safe Streets Act of 1968 (section 952 of
(g) Career and Technical Education Programs- Title II of the Carl D. Perkins Career and Technical Education Act of 2006 (
(h) Special Olympics Sport and Empowerment Act of 2004 Program- Section 3(a) of the Special Olympics Sport and Empowerment Act of 2004 (
(i) Head Start Act Program- Section 657B of the Head Start Act (
(j) Workforce Investment Act Program- Section 171(e) of the Workforce Investment Act (
(k) The National Environmental Education Act- The National Environmental Education Act (
(l) America COMPETES Act- Part I of subtitle A of title VI of the America COMPETES Act (
SEC. 507. REPEAL OF TEMPORARY INCREASE OF MEDICAID FMAP.
Effective as of the date of the enactment of this Act, section 5001 of the American Recovery and Reinvestment Act of 2009 (
SEC. 508. MORATORIUM ON CONSTRUCTION OR LEASING OF NEW FEDERAL BUILDINGS IN DISTRICT OF COLUMBIA UNTIL JANUARY 2013.
(a) Prohibition- No funds may be expended for the construction or lease of buildings or space in the District of Columbia for any branch of the United States Government or any entity within such branch unless a contract for the construction or lease was entered into before the date of enactment of this Act.CommentsClose CommentsPermalink
(b) Exception- The prohibition contained in subsection (a) does not apply in any case in which the expenditure of funds for the purposes described in subsection (a) is necessary in the interests of national security.CommentsClose CommentsPermalink
(c) Expiration- The prohibition contained in subsection (a) shall expire on January 1, 2013.CommentsClose CommentsPermalink
Subtitle B--Elimination of Presidential Election Campaign FundCommentsClose CommentsPermalink
Subtitle B--Elimination of Presidential Election Campaign FundCommentsClose CommentsPermalink
SEC. 511. TERMINATION OF TAXPAYER FINANCING OF PRESIDENTIAL ELECTION CAMPAIGNS.
(a) Termination of Designation of Income Tax Payments- Section 6096 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection:CommentsClose CommentsPermalink
‘(d) Termination- This section shall not apply to taxable years beginning after December 31, 2010.’.CommentsClose CommentsPermalink
(b) Termination of Fund and Account-CommentsClose CommentsPermalink
(1) TERMINATION OF PRESIDENTIAL ELECTION CAMPAIGN FUND-CommentsClose CommentsPermalink
(A) IN GENERAL- Chapter 95 of subtitle H of such Code is amended by adding at the end the following new section:CommentsClose CommentsPermalink
‘SEC. 9014. TERMINATION.
‘The provisions of this chapter shall not apply with respect to any Presidential election (or any Presidential nominating convention) after December 31, 2010, or to any candidate in such an election.’.CommentsClose CommentsPermalink
(B) TRANSFER OF EXCESS FUNDS TO GENERAL FUND- Section 9006 of such Code is amended by adding at the end the following new subsection:CommentsClose CommentsPermalink
‘(d) Transfer of Funds Remaining After 2009- The Secretary shall transfer all amounts in the fund after December 31, 2011, to the general fund of the Treasury.’.CommentsClose CommentsPermalink
(2) TERMINATION OF ACCOUNT- Chapter 96 of subtitle H of such Code is amended by adding at the end the following new section:CommentsClose CommentsPermalink
‘SEC. 9043. TERMINATION.
‘The provisions of this chapter shall not apply to any candidate with respect to any Presidential election after December 31, 2010.’.CommentsClose CommentsPermalink
(c) Clerical Amendments-CommentsClose CommentsPermalink
(1) The table of sections for chapter 95 of subtitle H of such Code is amended by adding at the end the following new item:CommentsClose CommentsPermalink
‘Sec. 9014. Termination.’.CommentsClose CommentsPermalink
(2) The table of sections for chapter 96 of subtitle H of such Code is amended by adding at the end the following new item:CommentsClose CommentsPermalink
‘Sec. 9043. Termination.’.CommentsClose CommentsPermalink
Subtitle C--Repeal of Sugar Price Support and Other ProgramsCommentsClose CommentsPermalink
Subtitle C--Repeal of Sugar Price Support and Other ProgramsCommentsClose CommentsPermalink
SEC. 521. REPEAL OF SUGAR PRICE SUPPORT PROGRAM AND MARKETING ALLOTMENTS FOR SUGAR.
(a) Sugar Program-CommentsClose CommentsPermalink
(1) REPEAL- Section 156 of the Federal Agriculture Improvement and Reform Act of 1996 (
(2) RELATED FEEDSTOCK FLEXIBILITY PROGRAM FOR BIOENERGY PRODUCERS- Section 9010 of the Farm Security and Rural Investment Act of 2002 (
(b) Marketing Allotments for Sugar-CommentsClose CommentsPermalink
(1) REPEAL- Part VII of subtitle B of title III of the Agricultural Adjustment Act of 1938 (
(2) CONFORMING AMENDMENT- Section 359k of the Agricultural Adjustment Act of 1938 (
‘SEC. 359k. ADMINISTRATION OF TARIFF RATE QUOTAS.
‘(a) Establishment- Except as provided in subsection (c) and notwithstanding any other provision of law, the Secretary shall establish the tariff-rate quotas for raw cane sugar and refined sugars for a quota year at the level necessary to ensure--CommentsClose CommentsPermalink
‘(1) a robust and competitive sugar processing industry in the United States; andCommentsClose CommentsPermalink
‘(2) an adequate supply of sugar at reasonable prices in the United States.CommentsClose CommentsPermalink
‘(b) Factors- In determining the tariff-rate quotas necessary to satisfy the requirements of paragraphs (1) and (2) of subsection (a), the Secretary shall consider the following:CommentsClose CommentsPermalink
‘(1) The quantity of sugar that will be subject to human consumption in the United States during the quota year.CommentsClose CommentsPermalink
‘(2) The quantity of sugar that will be available from the domestic processing of sugarcane, sugar beets, and in-process beet sugar.CommentsClose CommentsPermalink
‘(3) The quantity of sugar that would provide for reasonable carryover stocks.CommentsClose CommentsPermalink
‘(4) The quantity of sugar that will be available from carry-over stocks for human consumption in the United States during the quota year.CommentsClose CommentsPermalink
‘(5) United States obligations under international trade agreements that have been approved by Congress.CommentsClose CommentsPermalink
‘(c) Exception- Subsection (a) shall not apply to specialty sugar.’.CommentsClose CommentsPermalink
(c) Permanent Price Support Levels for Designated Nonbasic Agricultural Commodities-CommentsClose CommentsPermalink
(1) REPEAL- Section 201(a) of the Agricultural Act of 1949 (
7 U.S.C. 1446(a) ) is amended by striking ‘milk, sugar beets, and sugarcane’ and inserting ‘and milk’.CommentsClose CommentsPermalink(2) CONFORMING AMENDMENT- Section 301 of the Agricultural Act of 1949 (
7 U.S.C. 1447 ) is amended by inserting ‘(other than sugar beets and sugarcane)’ after ‘any nonbasic agricultural commodity’.CommentsClose CommentsPermalink(d) Storage Facility Loans- Section 1402 of the Farm Security and Rural Investment Act of 2002 (
7 U.S.C. 7971 ) is repealed.CommentsClose CommentsPermalink(e) Storage Payments- Section 167 of the Federal Agriculture Improvement and Reform Act of 1996 (
7 U.S.C. 7287 ) is repealed.CommentsClose CommentsPermalink
SEC. 522. REPEAL OF MARKET ACCESS PROGRAM.
(a) Repeal of Program- Section 203 of the Agricultural Trade Act of 1978 (
(b) Repeal of Funding- Section 211 of the Agricultural Trade Act of 1978 (
SEC. 523. TERMINATION OF AVAILABILITY OF MARKETING ASSISTANCE LOANS AND LOAN DEFICIENCY PAYMENTS FOR MOHAIR PRODUCERS.
(a) Removal of Mohair From Eligible Loan Commodities- Section 1001(8) of the Food, Conservation, and Energy Act of 2008 (
(b) Elimination of Future Loan Rates for Mohair- Section 1202(c) of such Act (
Subtitle D--Federal Real Property Disposal Pilot ProgramCommentsClose CommentsPermalink
Subtitle D--Federal Real Property Disposal Pilot ProgramCommentsClose CommentsPermalink
SEC. 531. FEDERAL REAL PROPERTY DISPOSAL PILOT PROGRAM.
(a) In General- Chapter 5 of subtitle I of title 40, United States Code, is amended by adding at the end the following:CommentsClose CommentsPermalink
‘SUBCHAPTER VII--EXPEDITED DISPOSAL OF REAL PROPERTY
‘Sec. 621. Pilot program
‘(a) The Director of the Office of Management and Budget (in this subchapter referred to as the ‘Director’) shall conduct a pilot program, to be known as the ‘Federal Real Property Disposal Pilot Program’, under which real property that is not meeting Federal Government needs may be disposed of in accordance with this subchapter.CommentsClose CommentsPermalink
‘(b) For purposes of this subchapter, the Director shall identify criteria for determining whether real property is not meeting Federal Government needs.CommentsClose CommentsPermalink
‘(c) For the fiscal years 2011 through 2020, the Director shall dispose of real property generating proceeds of not less $19,000,000,000 under the Federal Real Property Disposal Pilot Program.CommentsClose CommentsPermalink
‘(d) The Director shall not include for purposes of the Federal Real Property Disposal Pilot Program any parcel of real property, building, or other structure located on such real property that is to be closed or realigned under the Defense Base Closure and Realignment Act of 1990 (
10 U.S.C. 2687 note).CommentsClose CommentsPermalink‘(e) The Federal Real Property Disposal Pilot Program shall terminate on September 30, 2020.CommentsClose CommentsPermalink
‘Sec. 622. Selection of real properties
‘Agencies will recommend candidate disposition properties to the Director for participation in the pilot program. The Director, with the concurrence of the head of the executive agency concerned and consistent with the criteria established in section 621, may then select such candidate properties for participation in the pilot program and notify the recommending agency accordingly.CommentsClose CommentsPermalink
‘Sec. 623. Expedited disposal requirements
‘(a) For purposes of the pilot program, an ‘expedited disposal of a real property’ is a sale of real property for cash that is conducted pursuant to the requirements of section 545 of this title.CommentsClose CommentsPermalink
‘(b) Real property sold under the pilot program must be sold at not less than the fair market value as determined by the Director in consultation with the head of the executive agency. Costs associated with disposal may not exceed the fair market value of the property unless the Director approves incurring such costs.CommentsClose CommentsPermalink
‘(c) A real property may be sold under the pilot program only if the property will generate monetary proceeds to the Federal Government, as provided in subsection (b). A disposal of real property under the pilot program may not include any exchange, trade, transfer, acquisition of like-kind property, or other noncash transaction as part of the disposal.CommentsClose CommentsPermalink
‘(d) Nothing in this subchapter shall be construed as terminating or in any way limiting authorities that are otherwise available to agencies under other provisions of law to dispose of Federal real property, except as provided in subsection (e).CommentsClose CommentsPermalink
‘(e) Any expedited disposal of a real property conducted under this section shall not be subject to--CommentsClose CommentsPermalink
‘(1) subchapter IV of this chapter;CommentsClose CommentsPermalink
‘(2) sections 550 and 553 of title 40, United States Code;CommentsClose CommentsPermalink
‘(3) section 501 of the McKinney-Vento Homeless Assistance Act (
42 U.S.C. 11411 );CommentsClose CommentsPermalink‘(4) any other provision of law authorizing the no-cost conveyance of real property owned by the Federal Government; orCommentsClose CommentsPermalink
‘(5) any congressional notification requirement other than that in section 545 of this title.CommentsClose CommentsPermalink
‘Sec. 624. Special rules for deposit and use of proceeds from expedited disposals
‘(a) Agencies that conduct expedited disposals of real properties under this subchapter shall be reimbursed from the proceeds for the administrative expenses associated with the disposal of such properties. Such amounts will be credited as offsetting collections to the account that incurred such expenses, to remain available until expended without further appropriations.CommentsClose CommentsPermalink
‘(b) After payment of such administrative costs, the balance of the proceeds shall be distributed as follows:CommentsClose CommentsPermalink
‘(1) 80 percent shall be deposited into the Treasury as miscellaneous receipts.CommentsClose CommentsPermalink
‘(2) 20 percent shall be deposited into the account of the agency that owned the real property and initiated the disposal action. Such funds shall be available without further appropriation, to remain available for the period of the pilot program, for activities related to Federal real property capital improvements and disposal activities. Upon termination of the pilot program, any unobligated amounts shall be transferred to the general fund of the Treasury.’.CommentsClose CommentsPermalink
(b) Clerical Amendment- The table of sections at the beginning of chapter 5 of subtitle I of title 40, United States Code, is amended by inserting after the item relating to section 611 the following:CommentsClose CommentsPermalink
‘subchapter vii--expedited disposal of real property
‘Sec. 621. Pilot program.CommentsClose CommentsPermalink
‘Sec. 622. Selection of real properties.CommentsClose CommentsPermalink
‘Sec. 623. Expedited disposal requirements.CommentsClose CommentsPermalink
‘Sec. 624. Special rules for deposit and use of proceeds from expedited disposals.’.CommentsClose CommentsPermalink
TITLE VI--FANNIE MAE AND FREDDIE MACCommentsClose CommentsPermalink
TITLE VI--FANNIE MAE AND FREDDIE MACCommentsClose CommentsPermalink
SEC. 601. SHORT TITLE.
This title may be cited as the ‘GSE Bailout Elimination and Taxpayer Protection Act’.CommentsClose CommentsPermalink
SEC. 602. DEFINITIONS.
For purposes of this title, the following definitions shall apply:CommentsClose CommentsPermalink
(1) CHARTER- The term ‘charter’ means--CommentsClose CommentsPermalink
(A) with respect to the Federal National Mortgage Association, the Federal National Mortgage Association Charter Act (
(B) with respect to the Federal Home Loan Mortgage Corporation, the Federal Home Loan Mortgage Corporation Act (
(2) DIRECTOR- The term ‘Director’ means the Director of the Federal Housing Finance Agency.CommentsClose CommentsPermalink
(3) ENTERPRISE- The term ‘enterprise’ means--CommentsClose CommentsPermalink
(A) the Federal National Mortgage Association; andCommentsClose CommentsPermalink
(B) the Federal Home Loan Mortgage Corporation.CommentsClose CommentsPermalink
(4) GUARANTEE- The term ‘guarantee’ means, with respect to an enterprise, the credit support of the enterprise that is provided by the Federal Government through its charter as a Government-sponsored enterprise.CommentsClose CommentsPermalink
SEC. 603. TERMINATION OF CURRENT CONSERVATORSHIP.
(a) In General- Upon the expiration of the period referred to in subsection (b), the Director of the Federal Housing Finance Agency shall determine, with respect to each enterprise, if the enterprise is financially viable at that time and--CommentsClose CommentsPermalink
(1) if the Director determines that the enterprise is financially viable, immediately take all actions necessary to terminate the conservatorship for the enterprise that is in effect pursuant to section 1367 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (
(2) if the Director determines that the enterprise is not financially viable, immediately appoint the Federal Housing Finance Agency as receiver under section 1367 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 and carry out such receivership under the authority of such section.CommentsClose CommentsPermalink
(b) Timing- The period referred to in this subsection is, with respect to an enterprise--CommentsClose CommentsPermalink
(1) except as provided in paragraph (2), the 24-month period beginning upon the date of the enactment of this Act; orCommentsClose CommentsPermalink
(2) if the Director determines before the expiration of the period referred to in paragraph (1) that the financial markets would be adversely affected without the extension of such period under this paragraph with respect to that enterprise, and upon making such determination notifies the Congress in writing of such determination, the 30-month period beginning upon the date of the enactment of this Act.CommentsClose CommentsPermalink
(c) Financial Viability- The Director may not determine that an enterprise is financially viable for purposes of subsection (a) if the Director determines that any of the conditions for receivership set forth in paragraph (3) or (4) of section 1367(a) of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (
SEC. 604. LIMITATION OF ENTERPRISE AUTHORITY UPON EMERGENCE FROM CONSERVATORSHIP.
(a) Revised Authority- Upon the expiration of the period referred to in section 3(b), if the Director makes the determination under section 3(a)(1), the following provisions shall take effect:CommentsClose CommentsPermalink
(1) REPEAL OF HOUSING GOALS-CommentsClose CommentsPermalink
(A) REPEAL- The Federal Housing Enterprises Financial Safety and Soundness Act of 1992 is amended by striking sections 1331 through 1336 (
(B) CONFORMING AMENDMENTS- Federal Housing Enterprises Financial Safety and Soundness Act of 1992 is amended--CommentsClose CommentsPermalink
(i) in section 1303(28) (
(ii) in section 1324(b)(1)(A) (
(I) by striking clauses (i), (ii), and (iv);CommentsClose CommentsPermalink
(II) in clause (iii), by inserting ‘and’ after the semicolon at the end; andCommentsClose CommentsPermalink
(III) by redesignating clauses (iii) and (v) as clauses (i) and (ii), respectively;CommentsClose CommentsPermalink
(iii) in section 1338(c)(10) (
(iv) in section 1339(h) (
(v) in section 1341 (
(I) in subsection (a)--CommentsClose CommentsPermalink
(aa) in paragraph (1), by inserting ‘or’ after the semicolon at the end;CommentsClose CommentsPermalink
(bb) in paragraph (2), by striking the semicolon at the end and inserting a period; andCommentsClose CommentsPermalink
(cc) by striking paragraphs (3) and (4); andCommentsClose CommentsPermalink
(II) in subsection (b)(2)--CommentsClose CommentsPermalink
(aa) in subparagraph (A), by inserting ‘or’ after the semicolon at the end;CommentsClose CommentsPermalink
(bb) by striking subparagraphs (B) and (C); andCommentsClose CommentsPermalink
(cc) by redesignating subparagraph (D) as subparagraph (B);CommentsClose CommentsPermalink
(vi) in section 1345(a) (
(I) in paragraph (1), by inserting ‘or’ after the semicolon at the end;CommentsClose CommentsPermalink
(II) in paragraph (2), by striking the semicolon at the end and inserting a period; andCommentsClose CommentsPermalink
(III) by striking paragraphs (3) and (4); andCommentsClose CommentsPermalink
(vii) in section 1371(a)(2) (
(I) by striking ‘with any housing goal established under subpart B of part 2 of subtitle A of this title,’; andCommentsClose CommentsPermalink
(II) by striking ‘section 1336 or’.CommentsClose CommentsPermalink
(2) PORTFOLIO LIMITATIONS- Subtitle B of title XIII of the Housing and Community Development Act of 1992 (
‘SEC. 1369E. RESTRICTION ON MORTGAGE ASSETS OF ENTERPRISES.
‘(a) Restriction- No enterprise shall own, as of any applicable date in this subsection or thereafter, mortgage assets in excess of--CommentsClose CommentsPermalink
‘(1) upon the expiration of the period referred to in section 3(b) of the GSE Bailout Elimination and Taxpayer Protection Act or thereafter, $850,000,000,000;CommentsClose CommentsPermalink
‘(2) upon the expiration of the 1-year period that begins on the date described in paragraph (1) or thereafter, $700,000,000,000;CommentsClose CommentsPermalink
‘(3) upon the expiration of the 2-year period that begins on the date described in paragraph (1) or thereafter, $500,000,000,000; andCommentsClose CommentsPermalink
‘(4) upon the expiration of the 3-year period that begins on the date described in paragraph (1), $250,000,000,000.CommentsClose CommentsPermalink
‘(b) Definition of Mortgage Assets- For purposes of this section, the term ‘mortgage assets’ means, with respect to an enterprise, assets of such enterprise consisting of mortgages, mortgage loans, mortgage-related securities, participation certificates, mortgage-backed commercial paper, obligations of real estate mortgage investment conduits and similar assets, in each case to the extent such assets would appear on the balance sheet of such enterprise in accordance with generally accepted accounting principles in effect in the United States as of September 7, 2008 (as set forth in the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board from time to time; and without giving any effect to any change that may be made after September 7, 2008, in respect of Statement of Financial Accounting Standards No. 140 or any similar accounting standard).’.CommentsClose CommentsPermalink
(3) INCREASE IN MINIMUM CAPITAL REQUIREMENT- Section 1362 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (
12 U.S.C. 4612 ), as amended by section 1111 of the Housing and Economic Recovery Act of 2008 (Public Law 110-289 ), is amended--CommentsClose CommentsPermalink
(A) in subsection (a), by striking ‘For purposes of this subtitle, the minimum capital level for each enterprise shall be’ and inserting ‘The minimum capital level established under subsection (g) for each enterprise may not be lower than’;CommentsClose CommentsPermalink
(B) in subsection (c)--CommentsClose CommentsPermalink
(i) by striking ‘subsections (a) and’ and inserting ‘subsection’;CommentsClose CommentsPermalink
(ii) by striking ‘regulated entities’ the first place such term appears and inserting ‘Federal Home Loan Banks’;CommentsClose CommentsPermalink
(iii) by striking ‘for the enterprises,’;CommentsClose CommentsPermalink
(iv) by striking ‘, or for both the enterprises and the banks,’;CommentsClose CommentsPermalink
(v) by striking ‘the level specified in subsection (a) for the enterprises or’; andCommentsClose CommentsPermalink
(vi) by striking ‘the regulated entities operate’ and inserting ‘such banks operate’;CommentsClose CommentsPermalink
(C) in subsection (d)(1)--CommentsClose CommentsPermalink
(i) by striking ‘subsections (a) and’ and inserting ‘subsection’; andCommentsClose CommentsPermalink
(ii) by striking ‘regulated entity’ each place such term appears and inserting ‘Federal Home Loan Bank’;CommentsClose CommentsPermalink
(D) in subsection (e), by striking ‘regulated entity’ each place such term appears and inserting ‘Federal Home Loan Bank’;CommentsClose CommentsPermalink
(E) in subsection (f)--CommentsClose CommentsPermalink
(i) by striking ‘the amount of core capital maintained by the enterprises,’; andCommentsClose CommentsPermalink
(ii) by striking ‘regulated entities’ and inserting ‘banks’; andCommentsClose CommentsPermalink
(F) by adding at the end the following new subsection:CommentsClose CommentsPermalink
‘(g) Establishment of Revised Minimum Capital Levels-CommentsClose CommentsPermalink
‘(1) IN GENERAL- The Director shall cause the enterprises to achieve and maintain adequate capital by establishing minimum levels of capital for such the enterprises and by using such other methods as the Director deems appropriate.CommentsClose CommentsPermalink
‘(2) AUTHORITY- The Director shall have the authority to establish such minimum level of capital for an enterprise in excess of the level specified under subsection (a) as the Director, in the Director’s discretion, deems to be necessary or appropriate in light of the particular circumstances of the enterprise.CommentsClose CommentsPermalink
‘(h) Failure To Maintain Revised Minimum Capital Levels-CommentsClose CommentsPermalink
‘(1) UNSAFE AND UNSOUND PRACTICE OR CONDITION- Failure of a enterprise to maintain capital at or above its minimum level as established pursuant to subsection (g) of this section may be deemed by the Director, in his discretion, to constitute an unsafe and unsound practice or condition within the meaning of this title.CommentsClose CommentsPermalink
‘(2) DIRECTIVE TO ACHIEVE CAPITAL LEVEL-CommentsClose CommentsPermalink
‘(A) AUTHORITY- In addition to, or in lieu of, any other action authorized by law, including paragraph (1), the Director may issue a directive to an enterprise that fails to maintain capital at or above its required level as established pursuant to subsection (g) of this section.CommentsClose CommentsPermalink
‘(B) PLAN- Such directive may require the enterprise to submit and adhere to a plan acceptable to the Director describing the means and timing by which the enterprise shall achieve its required capital level.CommentsClose CommentsPermalink
‘(C) ENFORCEMENT- Any such directive issued pursuant to this paragraph, including plans submitted pursuant thereto, shall be enforceable under the provisions of subtitle C of this title to the same extent as an effective and outstanding order issued pursuant to subtitle C of this title which has become final.CommentsClose CommentsPermalink
‘(3) ADHERENCE TO PLAN-CommentsClose CommentsPermalink
‘(A) CONSIDERATION- The Director may consider such enterprise’s progress in adhering to any plan required under this subsection whenever such enterprise seeks the requisite approval of the Director for any proposal which would divert earnings, diminish capital, or otherwise impede such enterprise’s progress in achieving its minimum capital level.CommentsClose CommentsPermalink
‘(B) DENIAL- The Director may deny such approval where it determines that such proposal would adversely affect the ability of the enterprise to comply with such plan.’.CommentsClose CommentsPermalink
(4) REPEAL OF INCREASES TO CONFORMING LOAN LIMITS-CommentsClose CommentsPermalink
(A) REPEAL OF TEMPORARY INCREASES-CommentsClose CommentsPermalink
(i) CONTINUING APPROPRIATIONS RESOLUTION, 2010- Section 167 of the Continuing Appropriations Resolution, 2010 (as added by section 104 of division B of
Public Law 111-88 ; 123 Stat. 2973) is hereby repealed.CommentsClose CommentsPermalink(ii) AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009- Section 1203 of division A of the American Recovery and Reinvestment Act of 2009 (
Public Law 111-5 ; 123 Stat. 225) is hereby repealed.CommentsClose CommentsPermalink(iii) ECONOMIC STIMULUS ACT OF 2008- Section 201 of the Economic Stimulus Act of 2008 (
Public Law 110-185 ; 122 Stat. 619) is hereby repealed.CommentsClose CommentsPermalink(B) REPEAL OF GENERAL LIMIT AND PERMANENT HIGH-COST AREA INCREASE- Paragraph (2) of section 302(b) of the Federal National Mortgage Association Charter Act (
12 U.S.C. 1717(b)(2) ) and paragraph (2) of section 305(a) of the Federal Home Loan Mortgage Corporation Act (12 U.S.C. 1454(a)(2) ) are each amended to read as such sections were in effect immediately before the enactment of the Housing and Economic Recovery Act of 2008 (Public Law 110-289 ).CommentsClose CommentsPermalink(C) REPEAL OF NEW HOUSING PRICE INDEX- Section 1322 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as added by section 1124(d) of the Housing and Economic Recovery Act of 2008 (
Public Law 110-289 ), is hereby repealed.CommentsClose CommentsPermalink(D) REPEAL- Section 1124 of the Housing and Economic Recovery Act of 2008 (
Public Law 110-289 ) is hereby repealed.CommentsClose CommentsPermalink(E) ESTABLISHMENT OF CONFORMING LOAN LIMIT- For the year in which the expiration of the period referred to in section 3(b) of this section occurs, the limitations governing the maximum original principal obligation of conventional mortgages that may be purchased by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation, referred to in section 302(b)(2) of the Federal National Mortgage Association Charter Act (
12 U.S.C. 1717(b)(2) ) and section 305(a)(2) of the Federal Home Loan Mortgage Corporation Act (12 U.S.C. 1454(a)(2) ), respectively, shall be considered to be--CommentsClose CommentsPermalink
(i) $417,000 for a mortgage secured by a single-family residence,CommentsClose CommentsPermalink
(ii) $533,850 for a mortgage secured by a 2-family residence,CommentsClose CommentsPermalink
(iii) $645,300 for a mortgage secured by a 3-family residence, andCommentsClose CommentsPermalink
(iv) $801,950 for a mortgage secured by a 4-family residence,CommentsClose CommentsPermalink
and such limits shall be adjusted effective each January 1 thereafter in accordance with such sections 302(b)(2) and 305(a)(2).CommentsClose CommentsPermalink
(F) PROHIBITION OF PURCHASE OF MORTGAGES EXCEEDING MEDIAN AREA HOME PRICE-CommentsClose CommentsPermalink
(i) FANNIE MAE- Section 302(b)(2) of the Federal National Mortgage Association Charter Act (
12 U.S.C. 1717(b)(2) ) is amended by adding at the end the following new sentence: ‘Notwithstanding any other provision of this title, the corporation may not purchase any mortgage for a property having a principal obligation that exceeds the median home price, for properties of the same size, for the area in which such property subject to the mortgage is located.’.CommentsClose CommentsPermalink(ii) FREDDIE MAC- Section 305(a)(2) of the Federal Home Loan Mortgage Corporation Act (
12 U.S.C. 1454(a)(2) ) is amended by adding at the end the following new sentence: ‘Notwithstanding any other provision of this title, the Corporation may not purchase any mortgage for a property having a principal obligation that exceeds the median home price, for properties of the same size, for the area in which such property subject to the mortgage is located.’.CommentsClose CommentsPermalink(5) REQUIREMENT OF MINIMUM DOWNPAYMENT FOR MORTGAGES PURCHASED-CommentsClose CommentsPermalink
(A) FANNIE MAE- Subsection (b) of section 302 of the Federal National Mortgage Association Charter Act (
12 U.S.C. 1717(b) ) is amended by adding at the end the following new paragraph:CommentsClose CommentsPermalink‘(7) Notwithstanding any other provision of this Act, the corporation may not newly purchase any mortgage unless the mortgagor has paid, in cash or its equivalent on account of the property securing repayment of such mortgage, in accordance with regulations issued by the Director of the Federal Housing Finance Agency, not less than--CommentsClose CommentsPermalink
‘(A) for any mortgage purchased during the 12-month period beginning upon the expiration of the period referred to in section 3(b) of the GSE Bailout Elimination and Taxpayer Protection Act, 5 percent of the appraised value of the property;CommentsClose CommentsPermalink
‘(B) for any mortgage purchased during the 12-month period beginning upon the expiration of the 12-month period referred to in subparagraph (A) of this paragraph, 7.5 percent of the appraised value of the property; andCommentsClose CommentsPermalink
‘(C) for any mortgage purchased during the 12-month period beginning upon the expiration of the 12-month period referred to in subparagraph (B) of this paragraph, 10 percent of the appraised value of the property.’.CommentsClose CommentsPermalink
(B) FREDDIE MAC- Subsection (a) of section 305 of the Federal Home Loan Mortgage Corporation Act (
12 U.S.C. 1454(a) ) is amended by adding at the end the following new paragraph:CommentsClose CommentsPermalink‘(6) Notwithstanding any other provision of this Act, the Corporation may not newly purchase any mortgage unless the mortgagor has paid, in cash or its equivalent on account of the property securing repayment of such mortgage, in accordance with regulations issued by the Director of the Federal Housing Finance Agency, not less than--CommentsClose CommentsPermalink
‘(A) for any mortgage purchased during the 12-month period beginning upon the expiration of the period referred to in section 3(b) of the GSE Bailout Elimination and Taxpayer Protection Act, 5 percent of the appraised value of the property;CommentsClose CommentsPermalink
‘(B) for any mortgage purchased during the 12-month period beginning upon the expiration of the 12-month period referred to in subparagraph (A) of this paragraph, 7.5 percent of the appraised value of the property; andCommentsClose CommentsPermalink
‘(C) for any mortgage purchased during the 12-month period beginning upon the expiration of the 12-month period referred to in subparagraph (B) of this paragraph, 10 percent of the appraised value of the property.’.CommentsClose CommentsPermalink
(6) REQUIREMENT TO PAY STATE AND LOCAL TAXES-CommentsClose CommentsPermalink
(A) FANNIE MAE- Paragraph (2) of section 309(c) of the Federal National Mortgage Association Charter Act (
12 U.S.C. 1723a(c)(2) ) is amended--CommentsClose CommentsPermalink
(i) by striking ‘shall be exempt from’ and inserting ‘shall be subject to’; andCommentsClose CommentsPermalink
(ii) by striking ‘except that any’ and inserting ‘and any’.CommentsClose CommentsPermalink
(B) FREDDIE MAC- Section 303(e) of the Federal Home Loan Mortgage Corporation Act (
12 U.S.C. 1452(e) ) is amended--CommentsClose CommentsPermalink
(i) by striking ‘shall be exempt from’ and inserting ‘shall be subject to’; andCommentsClose CommentsPermalink
(ii) by striking ‘except that any’ and inserting ‘and any’.CommentsClose CommentsPermalink
(7) REPEALS RELATING TO REGISTRATION OF SECURITIES-CommentsClose CommentsPermalink
(A) FANNIE MAE-CommentsClose CommentsPermalink
(i) MORTGAGE-BACKED SECURITIES- Section 304(d) of the Federal National Mortgage Association Charter Act (
12 U.S.C. 1719(d) ) is amended by striking the fourth sentence.CommentsClose CommentsPermalink(ii) SUBORDINATE OBLIGATIONS- Section 304(e) of the Federal National Mortgage Association Charter Act (
12 U.S.C. 1719(e) ) is amended by striking the fourth sentence.CommentsClose CommentsPermalink(B) FREDDIE MAC- Section 306 of the Federal Home Loan Mortgage Corporation Act (
12 U.S.C. 1455 ) is amended by striking subsection (g).CommentsClose CommentsPermalink(8) RECOUPMENT OF COSTS FOR FEDERAL GUARANTEE-CommentsClose CommentsPermalink
(A) ASSESSMENTS- The Director of the Federal Housing Finance Agency shall establish and collect from each enterprise assessments in the amount determined under subparagraph (B). In determining the method and timing for making such assessments, the Director shall take into consideration the determinations and conclusions of the study under subsection (b) of this section.CommentsClose CommentsPermalink
(B) DETERMINATION OF COSTS OF GUARANTEE- Assessments under subparagraph (A) with respect to an enterprise shall be in such amount as the Director determines necessary to recoup to the Federal Government the full value of the benefit the enterprise receives from the guarantee provided by the Federal Government for the obligations and financial viability of the enterprise, based upon the dollar value of such benefit in the market to such enterprise when not operating under conservatorship or receivership. To determine such amount, the Director shall establish a risk-based pricing mechanism as the Director considers appropriate, taking into consideration the determinations and conclusions of the study under subsection (b) of this section.CommentsClose CommentsPermalink
(C) TREATMENT OF RECOUPED AMOUNTS- The Director shall cover into the general fund of the Treasury any amounts received from assessments made under this paragraph.CommentsClose CommentsPermalink
(b) GAO Study Regarding Recoupment of Costs for Federal Government Guarantee- The Comptroller General of the United States shall conduct a study to determine a risk-based pricing mechanism to accurately determine the value of the benefit the enterprises receive from the guarantee provided by the Federal Government for the obligations and financial viability of the enterprises. Such study shall establish a dollar value of such benefit in the market to each enterprise when not operating under conservatorship or receivership, shall analyze various methods of the Federal Government assessing a charge for such value received (including methods involving an annual fee or a fee for each mortgage purchased or securitized), and shall make a recommendation of the best such method for assessing such charge. Not later than 12 months after the date of the enactment of this Act, the Comptroller General shall submit to the Congress a report setting forth the determinations and conclusions of such study.CommentsClose CommentsPermalink
SEC. 605. REQUIRED WIND DOWN OF OPERATIONS AND DISSOLUTION OF ENTERPRISE.
(a) Applicability- This section shall apply to an enterprise upon the expiration of the 3-year period that begins upon the expiration of the period referred to in section 603(b).CommentsClose CommentsPermalink
(b) Repeal of Charter- Upon the applicability of this section to an enterprise, the charter for the enterprise is repealed and the enterprise shall have no authority to conduct new business under such charter, except that the provisions of such charter in effect immediately before such repeal shall continue to apply with respect to the rights and obligations of any holders of outstanding debt obligations and mortgage-backed securities of the enterprise.CommentsClose CommentsPermalink
(c) Wind Down- Upon the applicability of this section to an enterprise, the Director and the Secretary of the Treasury shall jointly take such action, and may prescribe such regulations and procedures, as may be necessary to wind down the operations of an enterprise as an entity chartered by the United States Government over the duration of the 10-year period beginning upon the applicability of this section to the enterprise (pursuant to subsection (a)) in an orderly manner consistent with this Act and the ongoing obligations of the enterprise.CommentsClose CommentsPermalink
(d) Division of Assets and Liabilities; Authority To Establish Holding Corporation and Dissolution Trust Fund- The action and procedures required under subsection (c)--CommentsClose CommentsPermalink
(1) shall include the establishment and execution of plans to provide for an equitable division and distribution of assets and liabilities of the enterprise, including any liability of the enterprise to the United States Government or a Federal reserve bank that may continue after the end of the period described in subsection (c); andCommentsClose CommentsPermalink
(2) may provide for establishment of--CommentsClose CommentsPermalink
(A) a holding corporation organized under the laws of any State of the United States or the District of Columbia for the purposes of the reorganization and restructuring of the enterprise; andCommentsClose CommentsPermalink
(B) one or more trusts to which to transfer--CommentsClose CommentsPermalink
(i) remaining debt obligations of the enterprise, for the benefit of holders of such remaining obligations; orCommentsClose CommentsPermalink
(ii) remaining mortgages held for the purpose of backing mortgage-backed securities, for the benefit of holders of such remaining securities.CommentsClose CommentsPermalink
TITLE VII--MISCELLANEOUSCommentsClose CommentsPermalink
TITLE VII--MISCELLANEOUSCommentsClose CommentsPermalink
SEC. 701. LIMITATION ON GOVERNMENT PRINTING COSTS.
Not later than 180 days after the date of enactment of this Act, the Director of the Office of Management and Budget shall coordinate with the heads of Federal departments and independent agencies to--CommentsClose CommentsPermalink
(1) determine which Government publications could be available on Government Web sites and no longer printed and to devise a strategy to reduce overall Government printing costs over the 10-year period beginning with fiscal year 2012, except that the Director shall ensure that essential printed documents prepared for Social Security recipients, Medicare beneficiaries, and other populations in areas with limited Internet access or use continue to remain available;CommentsClose CommentsPermalink
(2) establish Governmentwide Federal guidelines on employee printing;CommentsClose CommentsPermalink
(3) issue on the Office of Management and Budget’s public Web site the results of a cost-benefit analysis on implementing a digital signature system and on establishing employee printing identification systems, such as the use of individual employee cards or codes, to monitor the amount of printing done by Federal employees; except that the Director of the Office of Management and Budget shall ensure that Federal employee printing costs unrelated to national defense, homeland security, border security, national disasters, and other emergencies do not exceed $860,000,000 annually; andCommentsClose CommentsPermalink
(4) issue guidelines requiring every department, agency, commission, or office to list at a prominent place near the beginning of each publication distributed to the public and issued or paid for by the Federal Government--CommentsClose CommentsPermalink
(A) the name of the issuing agency, department, commission, or office;CommentsClose CommentsPermalink
(B) the total number of copies of the document printed;CommentsClose CommentsPermalink
(C) the collective cost of producing and printing all of the copies of the document; andCommentsClose CommentsPermalink
(D) the name of the firm publishing the document.CommentsClose CommentsPermalink
SEC. 702. DEPOSIT OF IRS USER FEES AS GENERAL RECEIPTS.
Notwithstanding any other provision of law (including section 3 under the heading ‘Administrative Provisions--Internal Revenue Service’ of title I of
SEC. 703. LIMITATION OF GOVERNMENT TRAVEL COSTS.
(a) In General- Notwithstanding any other provision of law, the total amount which is paid or reimbursed by an agency under subchapter I of chapter 57 of title 5, United States Code (relating to travel and subsistence expenses; mileage allowances for official travel by Federal employees) may not, for any of the next 5 fiscal years beginning after the date of enactment of this Act, exceed 50 percent of the total amount so paid or reimbursed by such agency for the fiscal year in which such date of enactment occurs.CommentsClose CommentsPermalink
(b) Exceptions- For purposes of carrying out subsection (a), there shall not be taken into account the amounts paid or reimbursed for--CommentsClose CommentsPermalink
(1) any subsistence or travel expenses for threatened law enforcement personnel, as described in
(2) any other expenses for which an exception is established under subsection (c) for reasons relating to national security or public safety.CommentsClose CommentsPermalink
(c) Regulations- Any regulations necessary to carry out this section shall, in consultation with the Director of the Office of Management and Budget, be prescribed by the same respective authorities as are responsible for prescribing regulations under
SEC. 704. REDUCTION IN FEDERAL VEHICLE COSTS.
Notwithstanding any other provision of law--CommentsClose CommentsPermalink
(1) of the amounts made available to the General Services Administration for the acquisition of new vehicles for the Federal fleet for fiscal year 2011 and remaining unobligated as of the date of enactment of this Act, an amount equal to 20 percent of all such amounts is rescinded;CommentsClose CommentsPermalink
(2) for fiscal year 2012 and each fiscal year thereafter--CommentsClose CommentsPermalink
(A) the amount made available to the General Services Administration for the acquisition of new vehicles for the Federal fleet shall not exceed an amount equal to 80 percent of the amount made available for the acquisition of those vehicles for fiscal year 2011 (before application of subsection (a)); andCommentsClose CommentsPermalink
(B) the number of new vehicles acquired by the General Services Administration for the Federal fleet shall not exceed a number equal to 50 percent of the vehicles so acquired for fiscal year 2011; andCommentsClose CommentsPermalink
(3) any amounts made available under
SEC. 705. REPEALS OF PROHIBITIONS ON PUBLIC-PRIVATE COMPETITIONS FOR CONVERSION TO CONTRACTOR PERFORMANCE OF FUNCTIONS PERFORMED BY FEDERAL EMPLOYEES PURSUANT TO OFFICE OF MANAGEMENT AND BUDGET CIRCULAR A-76.
(a) Repeals in
(1) Section 735 of the Financial Services and General Government Appropriations Act, 2010 (division C of
(2) Section 743(g) of such Act (123 Stat. 3218).CommentsClose CommentsPermalink
(3) Section 212 of the Commerce, Justice, Science, and Related Agencies Appropriations Act, 2010 (division B of
(b) A-76 Competitions- Notwithstanding any other provision of law, an executive agency may begin, plan for, announce, continue, finish, or approve a study on public-private competition regarding the conversion to contractor performance of any function performed by Federal employees pursuant to Office of Management and Budget Circular A-76 or any other administrative regulation, directive, or policy.CommentsClose CommentsPermalink
SEC. 706. DEAUTHORIZATION OF APPROPRIATIONS TO CARRY OUT PPACA AND HCERA.
Notwithstanding any other provision of law, no funds are authorized to be appropriated to carry out the provisions of the Patient Protection and Affordable Care Act (
SEC. 707. RESCISSION OF HEALTH INSURANCE REFORM IMPLEMENTATION FUNDS.
Of the funds made available by section 1005(b) of the Health Care and Education Reconciliation Act of 2010 (
SEC. 708. TAXPAYER-GENERATED DEFICIT REDUCTION.
(a) Designation of Income Tax Payments To Reduce the Deficit-CommentsClose CommentsPermalink
(1) DESIGNATION- Subchapter A of chapter 61 of the Internal Revenue Code of 1986 (relating to returns and records) is amended by adding at the end the following new part:CommentsClose CommentsPermalink
‘PART IX--DESIGNATION ON INCOME TAX RETURNS FOR REDUCTION OF DEFICIT
‘Sec. 6097. Designation for reduction of the deficit.CommentsClose CommentsPermalink
‘SEC. 6097. DESIGNATION FOR REDUCTION OF THE DEFICIT.
‘(a) In General- Every individual, regardless of income tax liability for the taxable year, may designate that an amount (not less than $1 and not more than $10) shall be paid over for the purpose of reducing the deficit of the United States. In the case of a joint return of husband and wife, each spouse may so designate an amount.CommentsClose CommentsPermalink
‘(b) Income Tax Liability- For purposes of subsection (a), the income tax liability of an individual for any taxable year is the amount of the tax imposed by chapter 1 on such individual for such taxable year (as shown on his return), reduced by the sum of the credits (as shown in his return) allowable under part IV of subchapter A of chapter 1 (other than subpart C thereof).CommentsClose CommentsPermalink
‘(c) Manner and Time of Designation- Rules similar to the rules of section 6096(c) shall apply for purposes of this section, except that the designation shall be accompanied by the following statement: ‘The Federal budget will be reduced by an amount equal to ten times the amount you elect in the box.’.CommentsClose CommentsPermalink
‘(d) Amount Increase- In the case of each taxable year beginning after 2011, the maximum dollar amount that may be designated under subsection (a) shall be increased by $1. In the case of a joint return of husband and wife, such amount shall increase by $2 each taxable year.’.CommentsClose CommentsPermalink
(2) CLERICAL AMENDMENT- The table of parts for subchapter A of chapter 61 of such Code is amended by adding at the end the following new item:CommentsClose CommentsPermalink
‘Part IX--Designation of Income Tax Payments To Reduce the Deficit.’.
(3) EFFECTIVE DATE- The amendments made by this section shall apply to taxable years beginning after December 31, 2010.CommentsClose CommentsPermalink
(b) Taxpayer-Generated Sequestration of Federal Spending To Reduce the Deficit-CommentsClose CommentsPermalink
(1) SEQUESTRATION TO REDUCE DEFICIT- Part C of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended by inserting after section 253 the following new section:CommentsClose CommentsPermalink
‘SEC. 253A. SEQUESTRATION TO REDUCE THE DEFICIT.
‘(a) Sequestration-CommentsClose CommentsPermalink
‘(1) TIMING- Within 15 calendar days after the date Congress adjourns to end a session, and on the same day as sequestration (if any) under sections 251, 252, and 253, but after any sequestration required by those sections, there shall be a sequestration to eliminate the deficit equivalent to the amount calculated under paragraph (2).CommentsClose CommentsPermalink
‘(2) CALCULATION-CommentsClose CommentsPermalink
‘(A) OMB CALCULATION- Before October 1st of each calendar year, OMB shall calculate the total amount designated under section 6097 of the Internal Revenue Code of 1986.CommentsClose CommentsPermalink
‘(B) FEDERAL SPENDING REDUCTION- In accordance with the deadline under paragraph (1), OMB shall apply an across the board reduction in Federal spending in an amount equal to the product of--CommentsClose CommentsPermalink
‘(i) the amount calculated under subparagraph (A); andCommentsClose CommentsPermalink
‘(ii) 10.CommentsClose CommentsPermalink
‘(3) CARRYOVER- Any amounts not calculated by OMB by the October 1st deadline, as set forth in subparagraph (2)(A), shall be applied to the following fiscal year Federal spending reduction pursuant to this section.CommentsClose CommentsPermalink
‘(b) Applicability-CommentsClose CommentsPermalink
‘(1) IN GENERAL- Except as provided by paragraph (2), each account of the United States shall be reduced by a dollar amount calculated by multiplying the level of budgetary resources in that account at that time by the uniform percentage necessary to carry out subsection (a). All obligational authority so reduced shall be done in a manner that makes such reductions permanent.CommentsClose CommentsPermalink
‘(2) EXEMPT ACCOUNTS- The following programs shall be exempt from reduction under any order issued under this section:CommentsClose CommentsPermalink
‘(A) Benefits payable under the old-age, survivors, and disability insurance program established under title II of the Social Security Act.CommentsClose CommentsPermalink
‘(B) Benefits payable under section 3(a), 3(f)(3), 4(a), or 4(f) of the Railroad Retirement Act of 1974.CommentsClose CommentsPermalink
‘(C) Benefits payable under title 18 of the Social Security Act.CommentsClose CommentsPermalink
‘(D) The rate of pay of any judge or justice appointed pursuant to article III of the Constitution of the United States.CommentsClose CommentsPermalink
‘(E) Veteran’s benefits listed under sections 905(b) and 905(f) of the Balanced Budget and Emergency Deficit Control Act of 1985 (
2 U.S.C. 905(b) , 905(f)).CommentsClose CommentsPermalink‘(c) Effective Date- This section shall apply to calender years beginning after December 31, 2010.’.CommentsClose CommentsPermalink
(2) REPORTS- Section 254 of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended--CommentsClose CommentsPermalink
(A) in subsection (a), by adding at the end of the table the following new item:CommentsClose CommentsPermalink
-------------------------------------------------------------------------------- CommentsClose CommentsPermalink
-------------------------------------------------------------------------------- CommentsClose CommentsPermalink
‘October 1 OMB report estimating amount of income tax designated pursuant to section 6097 of the Internal Revenue Code of 1986.’. CommentsClose CommentsPermalink
-------------------------------------------------------------------------------- CommentsClose CommentsPermalink
(B) in subsection (c)(1), by inserting ‘, and sequestration to reduce the deficit,’ after ‘sequestration’;CommentsClose CommentsPermalink
(C) in subsection (c), by redesignating paragraph (5) as paragraph (6) and by inserting after paragraph (4) the following new paragraph:CommentsClose CommentsPermalink
‘(5) REPORTS ON SEQUESTRATION TO REDUCE THE DEFICIT- The preview reports shall set forth for the budget year estimates for each of the following:CommentsClose CommentsPermalink
‘(A) The aggregate amount designated under section 6097 of the Internal Revenue Code of 1986 for the last calendar year ending before the budget year.CommentsClose CommentsPermalink
‘(B) The amount of reductions required under section 253A and the deficit remaining after those reductions have been made.CommentsClose CommentsPermalink
‘(C) The sequestration percentage necessary to achieve the required reduction in accounts under section 253A(a).’; andCommentsClose CommentsPermalink
(D) in subsection (f), by redesignating paragraphs (4) and (5) as paragraphs (5) and (6), respectively, and by inserting after paragraph (3) the following new paragraph:CommentsClose CommentsPermalink
‘(4) REPORTS ON SEQUESTRATION TO REDUCE THE DEFICIT- The final reports shall contain all of the information contained in the deficit taxation designation report required on October 1.’.CommentsClose CommentsPermalink
(3) EFFECTIVE DATE- Notwithstanding section 275(b) of the Balanced Budget and Emergency Deficit Control Act of 1985, the expiration date set forth in that section shall not apply to the amendments made by this Act. On the date specified in section 253A of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended by this section, the President shall issue an order fully implementing the sequestration required by section 253A of such Act, as amended by this section. This order shall be effective on issuance.CommentsClose CommentsPermalink
SEC. 709. LIMITATION ON FUNDS TO IMPLEMENT CERTAIN HEALTH CARE LAWS.
The Continuing Appropriations Act, 2011 (
‘Sec. 167. No appropriations or funds made available or authority granted pursuant to section 101(b)(1) may be used to carry out any program under, promulgate any regulation pursuant to, or defend against any lawsuit challenging any provision of
Public Law 111-148 orPublic Law 111-152 or any amendment made by either such Public Law.’.CommentsClose CommentsPermalink
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