I 
111TH CONGRESS 
2D SESSION 
H. R. 5323 
To amend the Balanced Budget and Emergency Deficit Control Act of 1985 
to limit the year-to-year increase in total Federal spending to increases 
in the Consumer Price Index and population. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 18, 2010 
Mr. SMITH of Texas (for himself, Mr. OLSON, Mr. BURTON of Indiana, Mr. 
CONAWAY, Mr. MARCHANT, Mr. MCCLINTOCK, Mr. ISSA, Mrs. 
BACHMANN, Mr. AKIN, Mr. BILBRAY, Mr. HERGER, Mr. FRANKS of Ari-
zona, Mr. CULBERSON, Mr. BISHOP of Utah, Mr. KING of Iowa, Mr. 
HENSARLING, Mr. CHAFFETZ, Mr. LAMBORN, Mr. WILSON of South 
Carolina, Mr. KLINE
of Minnesota, Mr. PRICE
of Georgia, Mr. 
NEUGEBAUER, Mr. DANIEL E. LUNGREN of California, Mr. TIAHRT, Mr. 
FLEMING, Mrs. SCHMIDT, Mr. PITTS, Mr. LATTA, Mr. GINGREY of Geor-
gia, Mr. SHADEGG, Mr. CARTER, Mr. JORDAN of Ohio, Mr. BURGESS, 
and Mr. YOUNG of Alaska) introduced the following bill; which was re-
ferred to the Committee on the Budget 
A BILL 
To amend the Balanced Budget and Emergency Deficit Con-
trol Act of 1985 to limit the year-to-year increase in 
total Federal spending to increases in the Consumer 
Price Index and population. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
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SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Save America’s Future 
Economy Act of 2010’’. 
SEC. 2. LIMITATION ON THE GROWTH OF FEDERAL SPEND-
ING. 
(a) IN GENERAL.—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. LIMITATION ON THE GROWTH OF FEDERAL 
SPENDING. 
‘‘(a) REDUCING NONEXEMPT SPENDING ACCOUNTS 
BY A UNIFORM PERCENTAGE.—OMB shall calculate the 
uniform percentage by which nonexempt spending ac-
counts are to be sequestered such that the total spending 
of the Government for a budget year compared to the pre-
ceding fiscal year does not increase at a rate greater than 
the percentage point change in the Consumer Price Index 
plus the percentage point change in annual population 
growth as computed under this section. 
‘‘(b) JANUARY OMB REPORTS.—In January of each 
calendar year, OMB shall prepare a report which shall be 
included in the budget submission of the President under 
section 1105(a) of title 31, United States Code, for the 
fiscal year beginning on October 1 of that calendar setting 
forth— 
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‘‘(1) the projected level of total Federal spend-
ing for the current year; 
‘‘(2) the percentage point increase in the Con-
sumer Price Index over the 12-month period com-
prising the fiscal year before the current year; 
‘‘(3) the total percentage point increase in pop-
ulation from July 1 of the second preceding fiscal 
year before the current year and July 1 of the fiscal 
year before the current year; 
‘‘(4) the sum of the total percentage point in-
creases under paragraphs (2) and (3); and 
‘‘(5) the projected level of total Federal spend-
ing for the budget year and the amount, if any, by 
which that spending would exceed the projected level 
of total Federal spending for the current year as ad-
justed by the sum of the total percentage point in-
creases under paragraphs (2) and (3). 
‘‘(c) PREVIEW REPORT.—Not later than August 20 
of each calendar year, OMB shall prepare and have print-
ed in the Federal Register a preview report which shall 
set forth for the budget year the following: 
‘‘(1) An up-to-date reestimate of all of the in-
formation set forth in the most recent report of 
OMB under subsection (b). 
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‘‘(2) The estimated percentage point reduction 
that would be required in nonexempt spending ac-
counts in order to limit total Federal spending as set 
forth under paragraph (1). 
‘‘(d) OMB FINAL SEQUESTRATION REPORT.—Not 
later than 15 days after Congress adjourns to end a ses-
sion, but after any sequestration under section 5 of the 
Statutory Pay-As-You-Go Act of 2010, OMB shall prepare 
and have printed in the Federal Register a final sequestra-
tion report which shall set forth for the budget year the 
following: 
‘‘(1) An up-to-date reestimate of all of the in-
formation set forth in the most recent report of 
OMB under subsection (c), taking into account any 
sequestration under such section 5. 
‘‘(2) The percentage point reduction that would 
be required in nonexempt spending accounts in order 
to limit total Federal spending as set forth under 
paragraph (1). 
‘‘(3) The amount by which total Federal spend-
ing exceeds the permissible amount of such spending 
under this section. 
‘‘(e) PRESIDENTIAL ORDER.—On the same day that 
OMB issues its final sequestration report, the President 
shall issue an order fully implementing without change all 
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sequestrations required by the OMB calculation set forth 
in that report. This order shall be effective on issuance. 
‘‘(f) ADJUSTMENT FOR EMERGENCY SPENDING.—(1) 
If a provision is enacted as an emergency requirement that 
the Congress so designates in statute pursuant to this sub-
section, the amounts of new budget authority and outlays 
in all fiscal years resulting from that provision shall be 
treated as an emergency requirement for the purposes of 
this section. 
‘‘(2) If a provision is designated as an emergency re-
quirement under this section, OMB shall not include the 
budgetary effects of such a provision in its estimates 
under this section. 
‘‘(g) EXEMPTIONS.—The following shall be exempt 
from reduction under any order issued under this section: 
‘‘(1) Payments for net interest. 
‘‘(2) Any obligations of the Government re-
quired to be paid under the United States Constitu-
tion or legally contractual obligations.’’. 
(b) CONFORMING AMENDMENT.—The table of con-
tents set forth in section 250(a) of the Balanced Budget 
and Emergency Deficit Control Act of 1985 is amended 
by inserting after the item relating to section 253 the fol-
lowing new item: 
‘‘253A. Limitation on the growth of Federal spending.’’. 
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SEC. 3. ELIMINATION OF EXPIRATION DATE. 
Section 275(b) of the Balanced Budget and Emer-
gency Deficit Control Act of 1985 is repealed. 
SEC. 4. EFFECTIVE DATE. 
This Act and the amendments made by it shall apply 
to fiscal year 2012 and subsequent fiscal years. 
Æ 
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