[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.''.

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