3.0.0 1436 2023-01-11T13:23:24Z 2023-01-11T13:23:24Z Senate S S 2013-08-01 113 ssbu00 Budget Committee Senate Standing Referred to 2013-08-01T19:20:33Z One Percent Spending Reduction Act of 2013 113 1202 HR 2013-03-14 Referred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. Related bill CRS One Percent Spending Reduction Act of 2013 113 547 S 2013-03-13 Read twice and referred to the Committee on the Budget. Related bill CRS One Percent Spending Reduction Act of 2014 113 2495 S 2014-06-19 Read twice and referred to the Committee on the Budget. Related bill CRS 2013-08-01 ssbu00 Budget Committee Senate Read twice and referred to the Committee on the Budget. IntroReferral 2013-08-01 Introduced in Senate IntroReferral 10000 9 Library of Congress E000285 Sen. Enzi, Michael B. [R-WY] MICHAEL ENZI R WY B. N P000603 Sen. Paul, Rand [R-KY] Rand Paul R KY 2013-08-01 True V000127 Sen. Vitter, David [R-LA] David Vitter R LA 2013-08-01 True B001261 Sen. Barrasso, John [R-WY] John Barrasso R WY 2013-08-01 True R000584 Sen. Risch, James E. [R-ID] James Risch R ID E. 2013-08-01 True I000055 Sen. Isakson, Johnny [R-GA] Johnny Isakson R GA 2013-08-01 True R000595 Sen. Rubio, Marco [R-FL] Marco Rubio R FL 2013-08-01 True Economics and Public Finance Budget deficits and national debt Budget process House of Representatives Legislative rules and procedure Senate Economics and Public Finance 00 2013-08-01 Introduced in Senate 2013-11-07T17:49:32Z One Percent Spending Reduction Act of 2013 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to establish the aggregate outlay (outlay cap) (less net interest payments) for FY2014 at $3.233 billion, less 1%.

Reduces the outlay cap for FY2015 by 1% of the outlay cap for FY2014.

Requires the outlay cap for FY2016 and each subsequent fiscal year to be 19% of the gross domestic product (GDP) for that fiscal year as estimated by the Office of Management and Budget (OMB).

Prohibits the outlay caps from being less than those for the preceding fiscal year for FY2017 and any ensuing fiscal year.

Requires a sequestration by OMB within 45 days after the beginning of a fiscal year to eliminate any excess outlay amount.

Prescribes requirements for Congressional Budget Office (CBO) and OMB sequestration preview reports and an OMB final sequestration report, accompanied by a presidential order detailing uniform spending reductions equal to the excess outlay amount.

Requires congressional budget committees to report a resolution directing the committees of their respective chambers to change existing law to achieve the spending reductions outlined in the OMB August 20 report to meet the outlay limits, if a sequestration is projected.

States that if, after November 14, a bill resulting in outlays for the current fiscal year is enacted that causes excess outlays, the excess outlays for the next fiscal year shall be increased by the amount or amounts of that breach.

Amends the Congressional Budget Act of 1974 to make it out of order in both chambers to consider any bill, joint resolution, amendment, or conference report that includes any provision that would cause the most recently reported, current outlay cap to be exceeded. Prescribes procedures for waiver or suspension of this rule.

]]> One Percent Spending Reduction Act of 2013 Display Title One Percent Spending Reduction Act of 2013 Official Title as Introduced A bill to prevent a fiscal crisis by enacting legislation to balance the Federal budget through reductions of discretionary and mandatory spending. Introduced in Senate IS Short Titles as Introduced One Percent Spending Reduction Act of 2013 Introduced in Senate 2013-08-01T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113s1436is/xml/BILLS-113s1436is.xml 2013-08-01 Read twice and referred to the 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.