Sequestration Relief Act of 2015

Bill: 114-s-515
Sponsor: full_name: Sen. Schatz, Brian [D-HI]
Introduced: 2015-02-12
Policy area: Economics and Public Finance
Subjects: Aviation and airports

Budget deficits and national debt

Budget process

Child safety and welfare

Defense spending

Educational facilities and institutions

Executive agency funding and structure

Health programs administration and funding

Homelessness and emergency shelter

Housing and community development funding

Infrastructure development

Marine and inland water transportation

Medical research

Navigation, waterways, harbors

Parks, recreation areas, trails

Poverty and welfare assistance

Public transit

Railroads

Research administration and funding

Roads and highways

Transportation programs funding

Water quality

Water use and supply
Latest action: action_date: 2015-02-12
text: Read twice and referred to the Committee on the Budget.

Summaries:
action_date: 2015-02-12
action_desc: Introduced in Senate
text: <p><b>Sequestration Relief Act of 2015 </b></p> <p>This bill amends the Balanced Budget and Emergency Deficit Control Act of 1985 to revise the discretionary spending limits for FY2016 and FY2017 and eliminate spending reductions required by sequestration. Current law requires a sequestration, or automatic across-the-board spending cuts, to enforce deficit reduction requirements. </p>

tv_txt: II 114th CONGRESS 1st Session S. 515 IN THE SENATE OF THE UNITED STATES February 12, 2015 Mr. Schatz (for himself and Mr. Durbin ) introduced the following bill; which was read twice and referred to the Committee on the Budget A BILL To amend the Balanced Budget and Emergency Deficit Control Act of 1985 to provide relief during fiscal years 2016 and 2017 from the reductions in the discretionary spending limits imposed by sequestration.

1. Short title This Act may be cited as the Sequestration Relief Act of 2015 . 2. Findings Congress finds the following: (1) The National Institutes of Health conduct critical biomedical research and apply outcomes to enhance health, lengthen life and reduce illness and disability . (2) On November 4, 2013, the National Institutes of Health reported the $1,550,000,000 sequester cut resulted in 640 fewer competitive research project grants issued and 750 fewer new patients admitted to the Clinical Center of the National Institutes of Health. (3) In 2007 and 2010 Congress enacted, and the President signed into law, the America COMPETES Act ( Public Law 110–69 ) and the America COMPETES Reauthorization Act of 2010 ( Public Law 111–358 ), respectively, each of which proposed to double funding for the National Science Foundation, the Office of Science of the Department of Energy, and the National Institute of Standards and Technology. (4) In January 2015, General Martin E. Dempsey, Chairman of the Joint Chiefs of Staff, said of the sequestration reductions applied to the Department of Defense, If they’re not reversed, they’re going to be imposed in 2016, and they will negatively affect our national security interests. . (5) Since 1998, every quadrennial review published by the American Society of Civil Engineers has graded the condition and status of infrastructure in the United States as near failing. (6) More than 1,200,000 children attending public school experienced homelessness in school year 2012–2013. 3. Sense of the Senate It is the sense of the Senate that Congress should— (1) increase the discretionary spending limits during fiscal years 2016 and 2017 to facilitate job creating investment in the United States and provide Congressional leaders the flexibility to determine a more reasoned and sustainable path forward; (2) maintain the principle that any offsetting legislation should be balanced equally between revenue and savings; (3) invest in critical life-saving and life-improving biomedical research; (4) meet the 21st century research investment goals set out in the America COMPETES Act; (5) avoid budget architecture that undermines the ability to maintain a robust national defense; (6) invest in, upgrade, and modernize the infrastructure of the United States for the next generation, including investments in ports, waterways, bridges, transit, rail, roads, parks, schools, aviation, and drinking and waste water; (7) aggressively pursue the goal of ending child homelessness; and (8) broadly invest in those programs that efficiently and effectively support families and the most vulnerable individuals in the United States. 4. Revision of discretionary spending limits for fiscal years 2016 and 2017 (a) In general The Balanced Budget and Emergency Deficit Control Act of 1985 ( 2 U.S.C. 900 et seq. ) is amended— (1) in section 251(c) ( 2 U.S.C. 901(c) ), by striking paragraphs (3) and (4) and inserting the following: (3) for fiscal year 2016— (A) for the revised security category, $561,000,000,000 in new budget authority; and (B) for the revised nonsecurity category, $530,000,000,000 in new budget authority; (4) for fiscal year 2017— (A) for the revised security category, $573,000,000,000 in new budget authority; and (B) for the revised nonsecurity category, $541,000,000,000 in new budget authority; ; and (2) in section 251A(10) ( 2 U.S.C. 901a(10) )— (A) in the paragraph heading, by striking 2014 and 2015 and inserting 2014 through 2017 ; (B) in subparagraph (A), by inserting or the amendment made by the Sequestration Relief Act of 2015 to section 251(c) of this Act revising the discretionary spending limits for fiscal years 2016 and 2017 after Act of 2013 ; and (C) in subparagraph (B), by striking fiscal years 2014 and 2015 and inserting each of fiscal years 2014 through 2017 .