[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4966 Reported in House (RH)]

                                                 Union Calendar No. 329
112th CONGRESS
  2d Session
                                H. R. 4966

                      [Report No. 112-469, Part I]

To amend the Balanced Budget and Emergency Deficit Control Act of 1985 
to replace the sequester established by the Budget Control Act of 2011.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 27, 2012

Mr. Ryan of Wisconsin introduced the following bill; which was 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

                              May 9, 2012

      Reported from the Committee on the Budget with an amendment
  [Omit the part struck through and insert the part printed in italic]

                              May 9, 2012

 The Committee on Rules discharged; committed to the Committee of the 
    Whole House on the State of the Union and ordered to be printed


_______________________________________________________________________

                                 A BILL


 
To amend the Balanced Budget and Emergency Deficit Control Act of 1985 
to replace the sequester established by the Budget Control Act of 2011.


 


    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 ``Sequester Replacement Act of 2012''.

SEC. 2. CONTINGENT EFFECTIVE DATE.

    This Act and the amendments made by it shall take effect upon the 
enactment of the Act provided for in section 201 of H. Con. Res. 112 
(112th Congress) and this Act and the amendments made by it shall have 
no force or effect if such Act provided for in such section is not 
enacted.

SEC. 3. PROTECTING VETERANS PROGRAMS FROM SEQUESTER.

    Section 256(e)(2)(E) of the Balanced Budget and Emergency Deficit 
Control Act of 1985 is repealed.

SEC. 4. ACHIEVING $19 BILLION IN DISCRETIONARY SAVINGS.

    (a) Revised 2013 Discretionary Spending Limit.--Paragraph (2) of 
section 251(c) of the Balanced Budget and Emergency Deficit Control Act 
of 1985 is amended to read as follows:
            ``(2) with respect to fiscal year 2013, for the 
        discretionary category, $1,047,000,000,000 in new budget 
        authority;''.
    (b) Discretionary Savings.--Section 251A(7)(A) of the Balanced 
Budget and Emergency Deficit Control Act of 1985 is amended to read as 
follows:
                    ``(A) Fiscal year 2013.--
                            ``(i) Fiscal year 2013 adjustment.--On 
                        January 2, 2013, the discretionary category set 
                        forth in section <DELETED>251(c)(2)(A)</DELETED> 
                        251(c)(2) shall be decreased by $19,104,000,000 
                        in budget authority.
                            ``(ii) Supplemental sequestration order.--
                        On January 15, 2013, OMB shall issue a 
                        supplemental sequestration report for fiscal 
                        year 2013 and take the form of a final 
                        sequestration report as set forth in section 
                        254(f)(2) and using the procedures set forth in 
                        section 253(f), to eliminate any discretionary 
                        spending breach of the spending limit set forth 
                        in section <DELETED>251(c)(2)(A)</DELETED> 
                        251(c)(2) as adjusted by clause (i), and the 
                        President shall order a sequestration, if any, 
                        as required by such report.''.

SEC. 5. CONFORMING AMENDMENTS TO SECTION 314 OF THE CONGRESSIONAL 
              BUDGET AND IMPOUNDMENT CONTROL ACT OF 1974.

    Section 314(a) of the Congressional Budget Act of 1974 is amended 
to read as follows:
    ``(a) Adjustments.--
            ``(1) In general.--The chair of the Committee on the Budget 
        of the House of Representatives or the Senate may make 
        adjustments as set forth in paragraph (2) for a bill or joint 
        resolution, amendment thereto or conference report thereon, by 
        the amount of new budget authority and outlays flowing 
        therefrom in the same amount as required by section 251(b) of 
        the Balanced Budget and Emergency Deficit Control Act of 1985.
            ``(2) Matters to be adjusted.--The chair of the Committee 
        on the Budget of the House of Representatives or the Senate may 
        make the adjustments referred to in paragraph (1) to--
                    ``(A) the allocations made pursuant to the 
                appropriate concurrent resolution on the budget 
                pursuant to section 302(a);
                    ``(B) the budgetary aggregates as set forth in the 
                appropriate concurrent resolution on the budget; and
                    ``(C) the discretionary spending limits, if any, 
                set forth in the appropriate concurrent resolution on 
                the budget.''.

SEC. 6. TREATMENT FOR PAYGO PURPOSES.

    The budgetary effects of this Act and any amendment made by it, and 
the budgetary effects of the Act provided for by section 201 of H. Con. 
Res. 112 (112th Congress), shall not be entered on either PAYGO 
scorecard maintained pursuant to section 4(d) of the Statutory Pay-As-
You-Go Act of 2010.

SEC. 7. ELIMINATION OF THE FISCAL YEAR 2013 SEQUESTRATION FOR DEFENSE 
              DIRECT SPENDING.

    Any sequestration order issued by the President under the Balanced 
Budget and Emergency Deficit Control Act of 1985 to carry out 
reductions to direct spending for the defense function (050) for fiscal 
year 2013 pursuant to section 251A of such Act shall have no force or 
effect.
                                                 Union Calendar No. 329

112th CONGRESS

  2d Session

                               H. R. 4966

                      [Report No. 112-469, Part I]

_______________________________________________________________________

                                 A BILL

To amend the Balanced Budget and Emergency Deficit Control Act of 1985 
to replace the sequester established by the Budget Control Act of 2011.

_______________________________________________________________________

                              May 9, 2012

      Reported from the Committee on the Budget with an amendment

                              May 9, 2012

 The Committee on Rules discharged; committed to the Committee of the 
    Whole House on the State of the Union and ordered to be printed