RESCUE Act

Bill: 117-hr-1955
Sponsor: full_name: Rep. Donalds, Byron [R-FL-19]
Introduced: 2021-03-17
Policy area: Economics and Public Finance
Subjects: Appropriations

Budget deficits and national debt

Budget process

Cardiovascular and respiratory health

Emergency medical services and trauma care

Employee benefits and pensions

Foreign aid and international relief

Infectious and parasitic diseases

International organizations and cooperation

Medicare

Multilateral development programs

State and local finance

State and local government operations

United Nations
Latest action: action_date: 2021-03-17
text: Referred to the House Committee on the Budget.

Summaries:
action_date: 2021-03-17
action_desc: Introduced in House
text: <p><strong>Responsible and Effective Spending Cuts of Undesirable Expenditures Act or the RESCUE Act</strong></p> <p>This bill temporarily modifies the requirements for the sequestration process (i.e., automatic spending reductions) that is used to enforce the Statutory Pay-As-You-Go Act of 2010 (Statutory PAYGO Act), which generally prohibits revenue or direct spending legislation from increasing the deficit. </p> <p>With respect to the first sequestration order issued under the Statutory PAYGO Act after the enactment of this bill, the bill modifies the requirements to (1) require additional reductions to certain programs that were funded in the American Rescue Plan Act of 2021, including programs that are unrelated to the direct health care treatment and prevention of COVID-19 in the United States; and (2) exempt Medicare from the process. </p>

tv_txt: I 117th CONGRESS 1st Session H. R. 1955 IN THE HOUSE OF REPRESENTATIVES March 17, 2021 Mr. Donalds (for himself, Mr. Banks , Mr. Norman , and Mr. Mann ) introduced the following bill; which was referred to the Committee on the Budget A BILL To temporarily modify the application of the sequester under the Statutory Pay-As-You-Go Act of 2010, and for other purposes.

1. Short title This Act may be cited as the Responsible and Effective Spending Cuts of Undesirable Expenditures Act or the RESCUE Act . 2. Application of PAYGO Act sequestration (a) Application (1) In general Notwithstanding any other provision of law, with respect to carrying out the first sequestration order under the Statutory Pay-As-You-Go Act of 2010 issued after the date of enactment of this Act, before any other direct spending program (including Medicare programs described in section 256(d) of the Balanced Budget and Emergency Deficit Control Act of 1985) is reduced under such order, the budgetary resources of the direct spending programs described in subsection (b)— (A) shall be reduced, in the order such provisions are listed in such subsection, in an amount equal to the amount of any reduction required, but for this section, for Medicare programs under section 6 of the Statutory Pay-As-You-Go Act of 2010; and (B) after the reduction required under subparagraph (A), shall be further reduced, in the order such provisions are listed in such subsection, by the amount (if any) of the remaining budget-year debit as determined under such section 6. (2) Regular procedure After the reductions required by paragraph (1), such sequestration order shall be carried out with respect to direct spending programs (excluding such Medicare programs) consistent with the requirements of the Statutory Pay-As-You-Go Act of 2010. (b) Wasteful spending programs The direct spending programs described in this subsection are as follows: (1) Section 9704 of the American Rescue Plan Act of 2021 ( Public Law 117–2 ) and the amendments made by such section (relating to special financial assistance program for financially troubled multiemployer plans). (2) Section 9901 of such Act and the amendments made by such section (relating to coronavirus State and local fiscal recovery funds). (3) Title X of such Act (relating to foreign relations). (4) Any other provision of such Act or any amendment made by such provision (if applicable) that is not related to the direct health care treatment and prevention of COVID–19 in the United States.