3.0.0 4479 2023-01-11T13:16:45Z 2023-01-11T13:16:45Z House H HR 2010-01-20 111 hsbu00 Budget Committee House Standing Referred to 2010-01-20T15:01:48Z Save America's Future Economy Act of 2010 111 5323 HR 2010-05-18 Referred to the House Committee on the Budget. Related bill CRS Honest Expenditure Limitation Program Act of 2010 111 3095 S 2010-03-09 Read twice and referred to the Committee on the Budget. Related bill CRS Economic Disaster Prevention Act of 2010 111 3096 S 2010-03-10 Read twice and referred to the Committee on the Budget. Related bill CRS 2010-01-20 Referred to the House Committee on the Budget. IntroReferral H11100 2 House floor actions hsbu00 Budget Committee 2010-01-20 Introduced in House IntroReferral Intro-H 9 Library of Congress 2010-01-20 Introduced in House IntroReferral 1000 9 Library of Congress F000445 Rep. Forbes, J. Randy [R-VA-4] J. Forbes R VA Randy 4 N Economics and Public Finance Administrative law and regulatory procedures Appropriations Budget deficits and national debt Budget process Congressional oversight Economics and Public Finance 00 2010-01-20 Introduced in House 2010-03-29T20:37:25Z Tighten Washington's Belt Act of 2010 - Requires the Office of Management and Budget (OMB), within 15 days after the end of a session, to issue a Discretionary Sequestration Report and, if in such report OMB estimates that any sequestration is required, the President to issue an order (effective on issuance) fully implementing without change all such sequestrations.

Requires the Congressional Budget Office (CBO), within 10 days after the end of session, also to issue a Discretionary Sequestration Report.

Subjects to permanent cancellation any budgetary resources sequestered from any account, except those in special fund accounts or offsetting collections sequestered in appropriation accounts. Applies the same percentage sequestration to all programs, projects, and activities within a budget account.

Requires the Comptroller General, upon request of the congressional budget committees, to report to Congress and the President on the extent to which each such issued presidential order or OMB or CBO report complies with all of the requirements contained in this Act, either certifying that the order fully and accurately complies with such requirements or indicating the respects in which it does not.

Requires Discretionary Sequestration Reports for each of FY2011-FY2015 to set forth estimates for: (1) the applicable discretionary spending limits; (2) the new budget authority and the breach, if any; (3) the sequestration percentages necessary to eliminate the breach; and (4) the level of enacted sequesterable budget authority, and resulting estimated outlays to be sequestered for each account.

Requires the OMB report to explain: (1) any differences between OMB and CBO estimates for any breach and any required discretionary sequestration percentages; and (2) differences in the amount of sequesterable resources for any budget account to be reduced if such difference is greater than $5 million.

Establishes discretionary spending limits for FY2011-FY2015.

Sets forth sequestration enforcement mechanisms.

Subjects all discretionary budget authority to such sequestration procedures, except: (1) benefits and compensation provided to active duty military and to veterans defined as discretionary spending; (2) provisions of discretionary spending legislation the President and Congress designate as emergency requirements; and (3) salaries or other expenditures that may not be reduced on account of constitutional requirements.

]]> Tighten Washington's Belt Act of 2010 Display Title Tighten Washington's Belt Act of 2010 Official Title as Introduced To enforce discretionary spending limits to rein in spending, reduce the deficit, and regain control of the Federal budget process. Introduced in House IH Short Titles as Introduced Tighten Washington's Belt Act of 2010 Introduced in House 2010-01-20T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr4479ih/xml/BILLS-111hr4479ih.xml 2010-01-20 Referred to the House Committee on the Budget. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.