[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2865 Introduced in House (IH)]







107th CONGRESS
  1st Session
                                H. R. 2865

To amend the Balanced Budget and Emergency Deficit Control Act of 1985 
 to require a sequestration of discretionary non-defense spending for 
fiscal year 2002 equal to the size of any on-budget deficit for fiscal 
                               year 2001.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 6, 2001

Mr. Rogers of Michigan (for himself, Mr. Shuster, Mr. Tiberi, Ms. Hart, 
    Mr. Pence, Mr. Platts, Mrs. Capito, Mr. Putnam, Mr. Johnson of 
 Illinois, Mr. Forbes, and Mr. Graves) introduced the following bill; 
           which was referred to the Committee on the Budget

_______________________________________________________________________

                                 A BILL


 
To amend the Balanced Budget and Emergency Deficit Control Act of 1985 
 to require a sequestration of discretionary non-defense spending for 
fiscal year 2002 equal to the size of any on-budget deficit for fiscal 
                               year 2001.

    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 ``Social Security Protection Act''.

SEC. 2. DEFICIT ELIMINATION.

    (a) In General.--Part C of the Balanced Budget and Emergency 
Deficit Control Act of 1985 is amended by inserting after section 251 
the following new section:

``SEC. 251A. SEQUESTRATION TO ELIMINATE ANY FISCAL YEAR 2001 DEFICIT.

    ``(a) Sequestration.--Within 5 calendar days after issuance of the 
joint statement by the Secretary of the Treasury and OMB on the final 
fiscal year 2001 receipts and outlays set forth in the applicable 
Department of the Treasury's Monthly Treasury Statement of Receipts and 
Outlays of the United States Government and if there is an actual 
deficit for such fiscal year, then there shall be a sequestration of 
discretionary non-defense spending for fiscal year 2002.
    ``(b) Eliminating a Deficit.--(1) To reduce spending for fiscal 
year 2002 by an amount equal to the actual deficit for fiscal year 
2001, the required outlay reductions shall be obtained from non-exempt, 
discretionary non-defense accounts (discretionary accounts not 
designated as function 050 in the President's fiscal year 2002 budget 
submission).
    ``(2) Each non-exempt, discretionary non-defense account shall be 
reduced by a dollar amount calculated by multiplying the level of 
sequestrable budgetary resources in that account at that time by the 
uniform percentage necessary to carry out paragraph (1).''.
    (b) Conforming Amendment.--After the item relating to section 251 
in the table of contents set forth in section 250(a) of the Balanced 
Budget and Emergency Deficit Control Act of 1985, insert the following 
new item:

``Sec. 251A. Sequestration to eliminate any fiscal year 2001 
                            deficit.''.

SEC. 3. REPORTS.

    (a) Reporting Requirement.--Section 254(f) of the Balanced Budget 
and Emergency Deficit Control Act of 1985 is amended by adding at the 
end the following new paragraph:
            ``(6) Sequestration report respecting elimination of fiscal 
        year 2001 deficit.--Within 4 calendar days after issuance of 
        the joint statement by the Secretary of the Treasury and OMB on 
        the final fiscal year 2001 receipts and outlays set forth in 
        the applicable Department of the Treasury's Monthly Treasury 
        Statement of Receipts and Outlays of the United States 
        Government, OMB shall issue a final sequestration report 
        setting forth the following:
                    ``(A) The receipts and outlays set forth in such 
                report for fiscal year 2001 for the Government and the 
                level of the actual deficit or surplus for that fiscal 
                year.
                    ``(B) The sequestration percentage necessary under 
                section 251A to achieve the required reduction in 
                fiscal year 2002 discretionary non-defense accounts.''.
    (b) Presidential Order.--The first sentence of section 254(f)(5) of 
the Balanced Budget and Emergency Deficit Control Act of 1985 is 
amended by inserting ``(or on the date specified in section 251A(a) in 
the case of a sequestration required by that section)'' before the 
first comma.
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