I
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 Con-
trol Act of 1985 to require a sequestration of discre-
tionary 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 Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘Social Security Protec-
tion 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 spend-
ing 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-de-
fense accounts (discretionary accounts not designated as
function 050 in the President’s fiscal year 2002 budget
submission).
‘‘(2) Each non-exempt, discretionary non-defense ac-
count 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 re-
lating 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.—With-
in 4 calendar days after issuance of the joint state-
ment 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 Out-
lays 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 Govern-
ment and the level of the actual deficit or sur-
plus for that fiscal year.
‘‘(B) The sequestration percentage nec-
essary under section 251A to achieve the re-
quired reduction in fiscal year 2002 discre-
tionary 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.
Æ