[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1099 Introduced in House (IH)]
103d CONGRESS
1st Session
H. R. 1099
To amend the Balanced Budget and Emergency Deficit Control Act of 1985
to provide for a sequestration of $25 billion for fiscal year 1993 and
approximately $50 billion for each of fiscal years 1994 and 1995.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
February 24, 1993
Mr. Horn (for himself, Mr. Armey, Mr. Hyde, Mr. McCollum, Mr. DeLay,
Mr. Blute, Mr. Burton of Indiana, Mr. Crapo, Mr. Doolittle, Mr.
Greenwood, Mr. Herger, Mr. Houghton, Mr. Lewis of California, Mr.
Leach, Mr. Smith of Michigan, and Mr. Torkildsen) introduced the
following bill; which was referred to the Committee on Government
Operations
_______________________________________________________________________
A BILL
To amend the Balanced Budget and Emergency Deficit Control Act of 1985
to provide for a sequestration of $25 billion for fiscal year 1993 and
approximately $50 billion for each of fiscal years 1994 and 1995.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Deficit Reduction Act of 1993''.
SEC. 2. ACROSS-THE-BOARD SEQUESTRATION OF FEDERAL SPENDING.
(a) Across-the-Board Sequestration of Federal Spending.--Part C of
the Balanced Budget and Emergency Deficit Control Act of 1985 is
amended by adding after section 253 the following new section:
``SEC. 253A. ACROSS-THE-BOARD SEQUESTRATION OF FEDERAL SPENDING.
``(a) Sequestration.--
``(1) Fiscal year 1993.--The aggregate amount of required
outlay reductions for fiscal year 1993 shall be
$25,000,000,000.
``(2) Fiscal years 1994 and 1995.--The aggregate amount of
required outlay reductions for fiscal year 1994 shall be the
amount necessary to bring the aggregate outlay level to 95
percent of the OMB baseline for that fiscal year. The aggregate
amount of required outlay reductions for fiscal year 1995 shall
be the amount necessary to bring the aggregate outlay level to
90 percent of the OMB baseline for that fiscal year. The OMB
baseline for fiscal year 1994 and 1995 shall be based upon
fiscal year 1993 enacted appropriations less any 1993
sequestrations.
``(3) In general.--Notwithstanding sections 255 and 256,
within 15 days after Congress adjourns to end a session (or, in
the case of fiscal year 1993, on April 1, 1993), and on the
same day as sequestration (if any) under sections 251, 252, and
253, but (except in the case of fiscal year 1993) after any
sequestration required by those sections, there shall be a
sequestration to carry out paragraph (1) in the case of fiscal
year 1993 and to carry out paragraph (2) in the case of fiscal
years 1994 and 1995.
``(b) Applicability.--
``(1) In general.--Except as provided by paragraphs (2) and
(3), each nonexempt 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 reduced under this section shall be done
in a manner that makes such reductions permanent.
``(2) Exempt accounts.--No order issued under this part
may--
``(A) reduce benefits payable under the old-age,
survivors, and disability insurance program established
under title II of the Social Security Act;
``(B) reduce payments for net interest (all of
major functional category 900);
``(C) reduce payments for health insurance programs
under title XVIII of the Social Security Act; or
``(D) reduce payments under Head Start programs.
``(3) Flexibility with respect to certain accounts.--The
President may, with respect to any account, exempt that account
from sequestration or provide for a lower uniform percentage
reduction than would otherwise apply. But to the extent the
President exercises authority under the preceding sentence, the
applicable uniform percentage reduction necessary to carry out
subsection (a) shall be increased for all other non-exempt
accounts. In no case shall the uniform percentage reduction for
a fiscal year exceed by more than 10 percentage points the
lower uniform percentage reduction for that fiscal year
provided by the President for any account.''.
(b) Reports.--Section 254 of the Balanced Budget and Emergency
Deficit Control Act of 1985 is amended--
(1) in subsection (d)(1), by inserting ``across-the-board
sequestration,'' after ``pay-as-you-go,'';
(2) in subsection (d), by redesignating paragraph (5) as
paragraph (6) and by inserting after paragraph (4) the
following new paragraph:
``(5) Across-the-board sequestration reports.--The preview
reports shall set forth for the budget year estimates for each
of the following:
``(A) The amount of reductions required under
section 253A.
``(B) The sequestration percentage necessary to
achieve the required reduction in accounts under
section 253A(b).''; and
(3) in subsection (g), by redesignating paragraphs (4) and
(5) as paragraphs (5) and (6), respectively, and by inserting
after paragraph (3) the following new paragraph:
``(4) Across-the-board sequestration reports.--The final
reports shall contain all of the information contained in the
across-the-board sequestration preview report.''.
<all>