S.788 - A bill to suspend the fiscal year 2013 sequester and establish limits on war-related spending.

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  • Official: A bill to suspend the fiscal year 2013 sequester and establish limits on war-related spending. as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
04/23/13
 
 
 
 
 
 
 

Official Summary

Makes available for the federal government for FY2013 the amount that would have been made available for the fiscal year if the following actions had not occurred: sequestration of discretionary spending limits and automatic sequestrations to enforce a specified budget goal under the Bala

Official Summary

Makes available for the federal government for FY2013 the amount that would have been made available for the fiscal year if the following actions had not occurred: sequestration of discretionary spending limits and automatic sequestrations to enforce a specified budget goal under the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act); rescission of the applicable percentage of budget authority provided (or obligation limit imposed) for FY2013 for any discretionary account in divisions A through E of the Consolidated and Further Continuing Appropriations Act, 2013; and any presidential sequestration order. Amends the Gramm-Rudman-Hollings Act with respect to mandatory sequestration, within 15 calendar days after Congress adjourns to end a session, in order to eliminate a budget-year breach, if any, within any category. Requires any amount of budget authority for overseas contingency operations and related activities for FY2014-FY2016 in excess of the levels specified in the Act to be counted in determining whether a breach of the budget has occurred in the security category. Requires the adjustments to discretionary spending limits for appropriations for discretionary accounts enacted for FY2017-FY2021 that Congress designates for Overseas Contingency Operations/Global War on Terrorism (OCO/GWOT) to be the total of such appropriations in discretionary accounts designated for OCO/GWOT. Specifies limits, however, for any OCO/GWOT adjustments in additional new budget authority for such fiscal years.

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