A bill to clarify that funding for the Securities Investor Protection Corporation is not subject to the sequester.

Bill: 115-s-2816
Sponsor: full_name: Sen. Enzi, Michael B. [R-WY]
Introduced: 2018-05-10
Policy area: Finance and Financial Sector
Subjects: Appropriations

Budget deficits and national debt

Financial crises and stabilization

Financial services and investments

Securities
Latest action: action_date: 2018-05-10
text: Read twice and referred to the Committee on the Budget.

Summaries:
action_date: 2018-05-10
action_desc: Introduced in Senate
text: <p>This bill provides that any sequestration ordered by the President under the Balanced Budget and Emergency Deficit Control Act of 1985 is inapplicable to funding of the Securities Investor Protection Corporation. (Sequestration is a process of automatic, usually across-the-board spending reductions under which budgetary resources are permanently cancelled to enforce specific budget policy goals.)</p>

tv_txt: II 115th CONGRESS 2d Session S. 2816 IN THE SENATE OF THE UNITED STATES May 10, 2018 Mr. Enzi introduced the following bill; which was read twice and referred to the Committee on the Budget A BILL To clarify that funding for the Securities Investor Protection Corporation is not subject to the sequester.

1. Clarification Section 251A of the Balanced Budget and Emergency Deficit Control Act of 1985 ( 2 U.S.C. 901a ) does not apply with respect to the funding of the Securities Investor Protection Corporation.