A bill to provide for a sequester replacement.
Latest action · Apr 25, 2013 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 65.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedApr 24, 2013
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Requires the President, by May 15, 2013, to submit to Congress a qualifying sequester replacement plan proposing to cancel permanently at least $85.333 billion of budgetary resources available for FY2013 from any discretionary appropriations or direct spending account. Requires further that:
- up to $42.666.500 billion of budgetary resources be cancelled from defense spending (budget function 050);
- any cancellation of such budgetary resources comply with the policies under and consistent with amounts authorized in the National Defense Authorization Act for Fiscal Year 2013 (NDAA FY2013);
- the cancellation is not implemented through changes to programs or activities contained in the Internal Revenue Code, or increases governmental receipts, offsetting collections, or offsetting receipts;
- any cancellation of budgetary resources in a non-defense spending account may not be offset against an increase in another such account; and
- the proposed cancellation reduces outlays by at least $82.500 billion by the end of FY2018.
Sets forth requirements for expedited consideration of a joint resolution of disapproval in both chambers of the qualifying sequester replacement plan.
Requires the President, if the joint resolution of disapproval is not enacted within seven calendar days after May 15, 2013, to cancel: (1) any sequestration order issued under the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) for enforcement of a specified budget goal, and (2) the budgetary resources submitted in the qualifying sequester replacement plan.
Cosponsors 1
Members who signed on, in the order they did. All signed on Apr 24, 2013.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-PA | Patrick J. Toomey | Original | Apr 24, 2013 |
Actions 3
Everything that happened, newest first.
- Apr 25, 2013Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 65.
- Apr 24, 2013Introduced in Senate
- Apr 24, 2013Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 16 | A bill to provide for a sequester replacement. | Related bill | Feb 28, 2013 |
Subjects
Assigned by the Library of Congress. Policy area: Economics and Public Finance.
Text 1
Each version as it was printed, newest first.
- Apr 25, 2013Placed on Calendar Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.