Source: http://www.theorator.com/bills/text/hr408.html
Timestamp: 2019-02-17 10:34:06
Document Index: 93138598

Matched Legal Cases: ['art 5', 'art 7', 'art 9', 'art 10', 'art 21', 'art 6']

HR 408 | U.S. House Bill | Spending Reduction Act of 2011
(a) Short Title- This Act may be cited as the `Spending Reduction Act of 2011'.
TITLE I--SPENDING REDUCTIONS UNDER CONTINUING APPROPRIATIONS ACT, 2011
TITLE II--CHANGES IN THE BASELINE; DISCRETIONARY SPENDING LIMITS FOR NONDEFENSE SPENDING
Subtitle A--Elimination of Automatic Increases for Inflation
Subtitle B--Discretionary Spending Limits for Nondefense Spending
TITLE III--RESCISSION OF UNOBLIGATED STIMULUS FUNDS AND REPEAL OF CERTAIN STIMULUS PROVISIONS
TITLE IV--PROVISIONS RELATING TO FEDERAL CIVILIAN WORKFORCE
TITLE V--PROGRAM ELIMINATIONS AND RELATED PROVISIONS
Subtitle A--Provisions Relating to Program Eliminations
Subtitle B--Elimination of Presidential Election Campaign Fund
Subtitle C--Repeal of Sugar Price Support and Other Programs
Subtitle D--Federal Real Property Disposal Pilot Program
TITLE VI--FANNIE MAE AND FREDDIE MAC
Sec. 705. Repeals of prohibitions on public-private competitions for conversion to contractor performance of functions performed by Federal employees pursuant to Office of Management and Budget Circular A-76.
(a) In General- Section 101 of the Continuing Appropriations Act, 2011 (Public Law 111-242) is amended by adding at the end the following:
`(b)(1) Such amounts as may be necessary, at a rate for operations as provided in the appropriations Acts for fiscal year 2008 referred to in section 101 of division A of Public Law 110-329 and under the authority and conditions provided in such Acts for projects or activities (including the costs of direct loans and loan guarantees) that are not otherwise provided for, that were conducted in fiscal years 2008 and 2010, and for which appropriations, funds, or other authority were made available in such Acts.
`(2) If the amount provided for a project or activity by paragraph (1) would be higher than the amount provided in appropriations Acts for fiscal year 2010, such project or activity shall be funded at the lower such amount.'.
(b) Continuation of Security-Related Discretionary Spending- Section 101 of such Act is further amended--
(1) by inserting `(a)' after the section designation;
`(4) Division E of the Consolidated Appropriations Act, 2010 (Public Law 111-117).'.
(c) Conforming Amendments- Section 114(2) of such Act is amended--
(1) by striking `(8)' and inserting `(3)'; and
(2) by inserting `(a)' after `section 101'.
Section 257(c) of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended--
(1) in the second sentence of paragraph (1), by striking everything that follows `current year,' and inserting `excluding resources designated as an emergency requirement and any resources provided in supplemental appropriation laws.';
`(3) NO ADJUSTMENT FOR INFLATION- No adjustment shall be made for inflation or for any other factor.'.
The second sentence of section 275(b) of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended by inserting `other than subsections (a) through (d) of section 257' after `title'.
(a) In General- Section 251(c) of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended to read as follows:
`(c) Discretionary Spending Limit- As used in this part, the term `discretionary spending limit' means--
`(1) for fiscal year 2011 for the nondefense category $457,000,000,000 in new budget authority; and
`(2) for each of fiscal years 2012 through 2021 for the nondefense discretionary category $409,000,000,000 in new budget authority.'.
(b) Definitions- Section 250(c)(4) of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended in subparagraph (C) by inserting `(and successor accounts)' after `budget accounts'.
(a) Discretionary Spending Limit Point of Order- Section 312 of the Congressional Budget Act of 1974 is amended by adding at the end the following new subsection:
`(g) Discretionary Spending Limit Point of Order- It shall not be in order in the House of Representatives or the Senate to consider any bill, joint resolution, amendment, or conference report that--
`(1) increases the discretionary spending limits for any ensuing fiscal year after the budget year; or
`(2) would cause the discretionary spending limits for the budget year to be breached.'.
(b) Point of Order Against Budget Resolution That Breaches Limits- It shall not be in order in the House of Representatives or the Senate to consider any concurrent resolution on the budget that would cause the discretionary spending limits for the budget year to be breached.
(c) Advance Appropriation Point of Order- Section 312 of the Congressional Budget Act of 1974 (as amended by this section) is further amended by adding at the end the following new subsection:
`(i) Advance Appropriation Point of Order- It shall not be in order in the House of Representatives or the Senate to consider any appropriation bill or joint resolution, or amendment thereto or conference report thereon, that provides advance discretionary new budget authority that first becomes available for any fiscal year after the budget year at an amount for any program, project, or activity above the amount of appropriations for fiscal year 2007 for such program, project, or activity.'.
Subsections (c)(2) and (f)(2)(A) of section 254 of the Balanced Budget and Emergency Deficit Control Act of 1985 are amended by striking `2002' and inserting `2021'.
Section 275(b) of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended by striking `2002' and inserting `2021'.
Effective on the date of the enactment of this Act, there are rescinded all unobligated balances of the discretionary appropriations made available by division A of the American Recovery and Reinvestment Act of 2009 (Public Law 111-5).
Effective on the date of the enactment of this Act, subtitles B and C of title II and titles III through VII of division B of the American Recovery and Reinvestment Act of 2009 (Public Law 111-5) are repealed, and the provisions of law amended or repealed by such provisions of division B are restored or revived as if such provisions of division B had not been enacted.
Section 147 of the Continuing Appropriations Act, 2011 (Public Law 111-242) is amended--
(1) in subsection (b)(1), by striking `2012' and inserting `2015'; and
(2) in subsection (c), by striking `2012' and inserting `2015'.
(a) Limitation- Except as otherwise provided in this section--
(b) Provisions Relating to Limitation Under Subsection (a)(1)-
(1) IN GENERAL- During any period when appointments are otherwise prohibited under subsection (a)(1), an appointing authority may, except as otherwise provided in this subsection, appoint persons as full-time civilian employees in permanent positions in an agency so long as the total number of persons appointed as full-time civilian employees in permanent positions in such agency (and attributable to such period) does not exceed the number equal to 50 percent of the number of vacancies in such positions which have occurred during such period by reason of resignation, retirement, removal, or death.
(2) SMALL AGENCIES- For purposes of paragraph (1), all agencies which, on the first day of any period when appointments are otherwise prohibited under subsection (a)(1), have 50 or fewer full-time civilian employees in permanent positions shall be treated as one agency, and the Director of the Office of Management and Budget (hereinafter in this section referred to as the `Director') shall determine the vacancies in each such agency which may be filled by reason of paragraph (1).
(3) REASSIGNMENTS- For purposes of paragraph (1), the Director may reassign vacancies from one agency to another agency when such reassignment is, in the opinion of the Director, necessary or appropriate because of the creation of a new agency, because of a change in functions, or for the more efficient operation of the Government.
(4) TRANSFERS- If a full-time civilian employee in a permanent position is transferred from one agency to another agency--
(5) EXCLUSION- Subsection (a)(1) shall not affect appointments to positions within the United States Postal Service or the Postal Regulatory Commission, and no employee of the United States Postal Service or the Postal Regulatory Commission shall be taken into account for purposes of any determination under subsection (a)(1) of the number of full-time civilian employees in permanent positions in the executive branch at any time.
(c) Provisions Relating to Limitation Under Subsection (a)(2)- For purposes of subsection (a)(2), the Director may reassign authorized temporary and part-time employment from one agency to another agency when such reassignment is, in the opinion of the Director, necessary or appropriate because of the creation of a new agency, because of a change in function, or for the more efficient operation of the Government.
(d) Treatment of Certain Employees; Agency Defined- For purposes of this section--
(1) there shall not be taken into account--
(2) the term `agency' or `agency in the executive branch' means an Executive department, a Government corporation, and an independent establishment (as those terms are defined in chapter 1 of title 5, United States Code), but does not include the Government Accountability Office.
(e) Disposition of Savings- The Director shall maintain a continuous study of all appropriations and contract authorizations in relation to personnel employed and shall reserve from expenditure the savings in salaries and wages resulting from the operation of this section, and any savings in other categories of expense which the Director determines will result from such operation.
(f) Information- Agencies in the executive branch shall submit to the Director such information as may be necessary to enable the Director to carry out the functions of the Director under this section.
(g) Reports- The Director shall submit to each House of Congress, at the end of each calendar quarter, a report on the operation of this section.
(h) Reemployment Rights Not Affected- Nothing in this section shall supersede or modify the reemployment rights of any person under chapter 43 of title 38, United States Code, or any other provision of law conferring reemployment rights upon persons who have performed service in the uniformed services.
(i) Regulations- The Director shall prescribe any regulations necessary to carry out the purposes of this section.
(j) Effective Date- This section (other than subsection (i)) shall take effect on the first day of the first month which begins after the date of the enactment of this Act.
`(a) Definition- For purposes of this section--
`(c) Exception for National Security, etc- Nothing in subsection (b) shall--
`(1) apply in the case of any individual whose services are required for reasons of national security, as determined by the President in writing; or
`(2) prevent the continued service of any officer whose appointment is required to be made by the President, by and with the advice and consent of the Senate.
`(d) Regulations- The Office of Personnel Management shall, for purposes of carrying out this section with respect to the executive branch, prescribe any regulations which the Office considers necessary.'.
(a) In General- No funds appropriated or otherwise available to any Federal department or agency may be obligated or expended for any program or other purpose described in subsection (b).
(b) Programs and Purposes Described- The programs and purposes described in this subsection are as follows:
(2) The Save America's Treasures program.
(8) The National and Community Service Act of 1990 (Public Law 101-610; 42 U.S.C. 12501 et seq.).
(37) Doctoral dissertation research grants authorized under title V of the Housing and Urban Development Act of 1970 (12 U.S.C. 1701z-1 et seq.).
(c) Technical and Conforming Changes- Not later than 6 months after the date of enactment of this Act, the President shall submit to Congress a legislative proposal providing for such technical and conforming changes in the law as are required by the provisions of this section.
(a) Repeal of Authority for Program- Section 10606 of the Farm Security and Rural Investment Act of 2002 (7 U.S.C. 6523) is repealed.
(b) Termination of Obligations for Program- On and after the date of enactment of this Act, no funds shall be obligated to carry out the national organic certification cost-share program established under section 10606(a) of the Farm Security and Rural Investment Act of 2002 (7 U.S.C. 6523).
(a) Prohibition- No payment may be made from the applicable accounts of the House of Representatives, the contingent fund of the Senate, or any other appropriated funds for a death gratuity payment to the widow, widower, or heirs-at-law of any Member of Congress who dies after the commencement of the Congress to which the Member has been elected.
(b) No Effect on Other Payments to Survivors- Nothing in subsection (a) shall be construed to prohibit or affect the payment to any individual of any unpaid balance or salary or other sums due to a Member of Congress who dies after the commencement of the Congress to which the Member has been elected.
(c) Definition- For purposes of this section, the term `Member of Congress' means a Senator or a Representative in, or Delegate or Resident Commissioner to, the Congress.
(a) Short Title- This section may be cited as the `Davis-Bacon Repeal Act'.
(b) Repeal of Davis-Bacon Wage Requirements- Subchapter IV of chapter 31 of title 40, United States Code, is repealed.
(c) Effective Date and Limitation- The amendment made by subsection (b) shall take effect 30 days after the date of the enactment of this Act but shall not affect any contract in existence on such date of enactment or made pursuant to invitation for bids outstanding on such date of enactment.
(a) Short Title- This section may be cited as the `Priorities in Education Spending Act'.
(b) Elementary and Secondary Education Programs- The following provisions of the Elementary and Secondary Education Act of 1965 (20 U.S.C. 6301 et seq.) are repealed:
(15) Subpart 5 of part D of title V (20 U.S.C. 7251) (relating to the Reading is Fundamental--Inexpensive Book Distribution program).
(16) Subpart 7 of part D of title V (20 U.S.C. 7255 et seq.) (commonly referred to as the `Star Schools Act').
(18) Subpart 9 of part D of title V (20 U.S.C. 7259 et seq.) (commonly referred to as the `Foreign Language Assistance Act of 2001').
(19) Subpart 10 of part D of title V (20 U.S.C. 7261 et seq.) (commonly referred to as the `Carol M. White Physical Education Program').
(26) Subpart 21 of part D of title V (20 U.S.C. 7283 et seq.) (commonly referred to as the `Women's Educational Equity Act of 2001').
(27) Part B of title VII (20 U.S.C. 7511 et seq.) (commonly referred to as the `Native Hawaiian Education Act').
(28) Part C of title VII (20 U.S.C. 7541 et seq.) (commonly referred to as the `Alaska Native Educational Equity, Support, and Assistance Act').
(c) Early Learning Opportunities Act- Title VIII of H.R. 5656 of the 106th Congress (20 U.S.C. 9401 et seq.; 114 Stat. 2763, 2763A-77) (commonly referred to as the `Early Learning Opportunities Act'), enacted by section 1 of Public Law 106-554, is repealed.
(d) Higher Education Programs-
(1) HIGHER EDUCATION ACT OF 1965- The following provisions of the Higher Education Act of 1965 (20 U.S.C. 1001 et seq.) are repealed:
(B) Subpart 6 of part A of title IV (20 U.S.C. 1070d-31 et seq.) (relating to the Byrd Honors Scholarship Program).
(D) Section 428L (20 U.S.C. 1078-12) (relating to loan repayment for civil legal assistance attorneys).
(2) HIGHER EDUCATION AMENDMENTS OF 1998- The following provisions of the Higher Education Amendments of 1998 (Public Law 105-244) are repealed:
(3) OTHER HIGHER EDUCATION LAWS- The following provisions of law are repealed:
(D) Part E of title XV of the Higher Education Amendments of 1992 (20 U.S.C. 1070 note; Public Law 102-325) (relating to B.J. Stupak Olympic Scholarships).
(e) Literacy Program for Prisoners- Notwithstanding the provisions under the heading `Safe Schools and Citizenship Education' in title III of division F of Public Law 108-447 (118 Stat. 3145), the Secretary of Education may not obligate any funds to carry out section 601 of the National Literacy Act of 1991 (Public Law 102-73; 105 Stat. 356) (relating to literacy for prisoners).
(f) Loan Repayment for Prosecutors and Public Defenders- The first part JJ of title I of the Omnibus Crime Control and Safe Streets Act of 1968 (section 952 of Public Law 110-315) (relating to loan repayment for prosecutors and public defenders) is repealed.
(g) Career and Technical Education Programs- Title II of the Carl D. Perkins Career and Technical Education Act of 2006 (20 U.S.C. 2371 et seq.) is repealed.
(h) Special Olympics Sport and Empowerment Act of 2004 Program- Section 3(a) of the Special Olympics Sport and Empowerment Act of 2004 (42 U.S.C. 15001 note) (relating to education activities) is repealed.
(i) Head Start Act Program- Section 657B of the Head Start Act (42 U.S.C. 9852b) (relating to Centers of Excellence in Early Childhood) is repealed.
(j) Workforce Investment Act Program- Section 171(e) of the Workforce Investment Act (20 U.S.C. 2916(e)) (relating to the Energy Efficiency and Renewable Energy Worker Training Program) is repealed.
(k) The National Environmental Education Act- The National Environmental Education Act (20 U.S.C. 5501 et seq.) is repealed.
(l) America COMPETES Act- Part I of subtitle A of title VI of the America COMPETES Act (20 U.S.C. 9811 et seq.) (relating to Teachers for a Competitive Tomorrow) is repealed.
(a) Prohibition- No funds may be expended for the construction or lease of buildings or space in the District of Columbia for any branch of the United States Government or any entity within such branch unless a contract for the construction or lease was entered into before the date of enactment of this Act.
(b) Exception- The prohibition contained in subsection (a) does not apply in any case in which the expenditure of funds for the purposes described in subsection (a) is necessary in the interests of national security.
(c) Expiration- The prohibition contained in subsection (a) shall expire on January 1, 2013.
(a) Termination of Designation of Income Tax Payments- Section 6096 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection:
(b) Termination of Fund and Account-
(1) TERMINATION OF PRESIDENTIAL ELECTION CAMPAIGN FUND-
(A) IN GENERAL- Chapter 95 of subtitle H of such Code is amended by adding at the end the following new section:
`SEC. 9014. TERMINATION.
`The provisions of this chapter shall not apply with respect to any Presidential election (or any Presidential nominating convention) after December 31, 2010, or to any candidate in such an election.'.
`(d) Transfer of Funds Remaining After 2011- The Secretary shall transfer all amounts in the fund after December 31, 2011, to the general fund of the Treasury.'.
(2) TERMINATION OF ACCOUNT- Chapter 96 of subtitle H of such Code is amended by adding at the end the following new section:
`SEC. 9043. TERMINATION.
`The provisions of this chapter shall not apply to any candidate with respect to any Presidential election after December 31, 2010.'.
`Sec. 9014. Termination.'.
`Sec. 9043. Termination.'.
(a) Sugar Program-
(1) REPEAL- Section 156 of the Federal Agriculture Improvement and Reform Act of 1996 (7 U.S.C. 7272) is repealed.
(2) RELATED FEEDSTOCK FLEXIBILITY PROGRAM FOR BIOENERGY PRODUCERS- Section 9010 of the Farm Security and Rural Investment Act of 2002 (7 U.S.C. 8110) is repealed.
(b) Marketing Allotments for Sugar-
(1) REPEAL- Part VII of subtitle B of title III of the Agricultural Adjustment Act of 1938 (7 U.S.C. 1359aa-1359ll), except section 359k (7 U.S.C. 1359kk), is repealed.
(2) CONFORMING AMENDMENT- Section 359k of the Agricultural Adjustment Act of 1938 (7 U.S.C. 1359kk) is amended to read as follows:
`SEC. 359k. ADMINISTRATION OF TARIFF RATE QUOTAS.
`(a) Establishment- Except as provided in subsection (c) and notwithstanding any other provision of law, the Secretary shall establish the tariff-rate quotas for raw cane sugar and refined sugars for a quota year at the level necessary to ensure--
`(1) a robust and competitive sugar processing industry in the United States; and
`(2) an adequate supply of sugar at reasonable prices in the United States.
`(b) Factors- In determining the tariff-rate quotas necessary to satisfy the requirements of paragraphs (1) and (2) of subsection (a), the Secretary shall consider the following:
`(1) The quantity of sugar that will be subject to human consumption in the United States during the quota year.
`(2) The quantity of sugar that will be available from the domestic processing of sugarcane, sugar beets, and in-process beet sugar.
`(3) The quantity of sugar that would provide for reasonable carryover stocks.
`(4) The quantity of sugar that will be available from carry-over stocks for human consumption in the United States during the quota year.
`(5) United States obligations under international trade agreements that have been approved by Congress.
`(c) Exception- Subsection (a) shall not apply to specialty sugar.'.
(c) Permanent Price Support Levels for Designated Nonbasic Agricultural Commodities-
(1) REPEAL- Section 201(a) of the Agricultural Act of 1949 (7 U.S.C. 1446(a)) is amended by striking `milk, sugar beets, and sugarcane' and inserting `and milk'.
(2) CONFORMING AMENDMENT- Section 301 of the Agricultural Act of 1949 (7 U.S.C. 1447) is amended by inserting `(other than sugar beets and sugarcane)' after `any nonbasic agricultural commodity'.
(d) Storage Facility Loans- Section 1402 of the Farm Security and Rural Investment Act of 2002 (7 U.S.C. 7971) is repealed.
(e) Storage Payments- Section 167 of the Federal Agriculture Improvement and Reform Act of 1996 (7 U.S.C. 7287) is repealed.
(a) Repeal of Program- Section 203 of the Agricultural Trade Act of 1978 (7 U.S.C. 5623) is repealed.
(b) Repeal of Funding- Section 211 of the Agricultural Trade Act of 1978 (7 U.S.C. 5641) is amended by striking subsection (c).
(a) Removal of Mohair From Eligible Loan Commodities- Section 1001(8) of the Food, Conservation, and Energy Act of 2008 (7 U.S.C. 8702(8)) is amended by striking `mohair,'.
(b) Elimination of Future Loan Rates for Mohair- Section 1202(c) of such Act (7 U.S.C. 8732(c)) is amended by striking paragraph (18).
`(a) The Director of the Office of Management and Budget (in this subchapter referred to as the `Director') shall conduct a pilot program, to be known as the `Federal Real Property Disposal Pilot Program', under which real property that is not meeting Federal Government needs may be disposed of in accordance with this subchapter.
`(b) For purposes of this subchapter, the Director shall identify criteria for determining whether real property is not meeting Federal Government needs.
`(c) For the fiscal years 2011 through 2020, the Director shall dispose of real property generating proceeds of not less $19,000,000,000 under the Federal Real Property Disposal Pilot Program.
`(d) The Director shall not include for purposes of the Federal Real Property Disposal Pilot Program any parcel of real property, building, or other structure located on such real property that is to be closed or realigned under the Defense Base Closure and Realignment Act of 1990 (10 U.S.C. 2687 note).
`(e) The Federal Real Property Disposal Pilot Program shall terminate on September 30, 2020.
`(a) For purposes of the pilot program, an `expedited disposal of a real property' is a sale of real property for cash that is conducted pursuant to the requirements of section 545 of this title.
`(b) Real property sold under the pilot program must be sold at not less than the fair market value as determined by the Director in consultation with the head of the executive agency. Costs associated with disposal may not exceed the fair market value of the property unless the Director approves incurring such costs.
`(c) A real property may be sold under the pilot program only if the property will generate monetary proceeds to the Federal Government, as provided in subsection (b). A disposal of real property under the pilot program may not include any exchange, trade, transfer, acquisition of like-kind property, or other noncash transaction as part of the disposal.
`(d) Nothing in this subchapter shall be construed as terminating or in any way limiting authorities that are otherwise available to agencies under other provisions of law to dispose of Federal real property, except as provided in subsection (e).
`(e) Any expedited disposal of a real property conducted under this section shall not be subject to--
`(a) Agencies that conduct expedited disposals of real properties under this subchapter shall be reimbursed from the proceeds for the administrative expenses associated with the disposal of such properties. Such amounts will be credited as offsetting collections to the account that incurred such expenses, to remain available until expended without further appropriations.
`(b) After payment of such administrative costs, the balance of the proceeds shall be distributed as follows:
`(1) 80 percent shall be deposited into the Treasury as miscellaneous receipts.
`(2) 20 percent shall be deposited into the account of the agency that owned the real property and initiated the disposal action. Such funds shall be available without further appropriation, to remain available for the period of the pilot program, for activities related to Federal real property capital improvements and disposal activities. Upon termination of the pilot program, any unobligated amounts shall be transferred to the general fund of the Treasury.'.
This title may be cited as the `GSE Bailout Elimination and Taxpayer Protection Act'.
(b) Timing- The period referred to in this subsection is, with respect to an enterprise--
(c) Financial Viability- The Director may not determine that an enterprise is financially viable for purposes of subsection (a) if the Director determines that any of the conditions for receivership set forth in paragraph (3) or (4) of section 1367(a) of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4617(a)) exist at the time with respect to the enterprise.
(a) Revised Authority- Upon the expiration of the period referred to in section 603(b), if the Director makes the determination under section 603(a)(1), the following provisions shall take effect:
(1) REPEAL OF HOUSING GOALS-
(A) REPEAL- The Federal Housing Enterprises Financial Safety and Soundness Act of 1992 is amended by striking sections 1331 through 1336 (12 U.S.C. 4561-6).
(i) in section 1303(28) (12 U.S.C. 4502(28)), by striking `and, for the purposes' and all that follows through `designated disaster areas';
(v) in section 1341 (12 U.S.C. 4581)--
(vi) in section 1345(a) (12 U.S.C. 4585(a))--
(vii) in section 1371(a)(2) (12 U.S.C. 4631(a)(2))--
`(1) upon the expiration of the period referred to in section 603(b) of the GSE Bailout Elimination and Taxpayer Protection Act or thereafter, $850,000,000,000;
`(2) upon the expiration of the 1-year period that begins on the date described in paragraph (1) or thereafter, $700,000,000,000;
`(3) upon the expiration of the 2-year period that begins on the date described in paragraph (1) or thereafter, $500,000,000,000; and
`(4) upon the expiration of the 3-year period that begins on the date described in paragraph (1), $250,000,000,000.
(3) INCREASE IN MINIMUM CAPITAL REQUIREMENT- Section 1362 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4612), as amended by section 1111 of the Housing and Economic Recovery Act of 2008 (Public Law 110-289), is amended--
`(1) UNSAFE AND UNSOUND PRACTICE OR CONDITION- Failure of an enterprise to maintain capital at or above its minimum level as established pursuant to subsection (g) of this section may be deemed by the Director, in his discretion, to constitute an unsafe and unsound practice or condition within the meaning of this title.
(4) REPEAL OF INCREASES TO CONFORMING LOAN LIMITS-
(i) CONTINUING APPROPRIATIONS RESOLUTION, 2010- Section 167 of the Continuing Appropriations Resolution, 2010 (as added by section 104 of division B of Public Law 111-88; 123 Stat. 2973) is repealed.
(ii) AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009- Section 1203 of division A of the American Recovery and Reinvestment Act of 2009 (Public Law 111-5; 123 Stat. 225) is repealed.
(iii) ECONOMIC STIMULUS ACT OF 2008- Section 201 of the Economic Stimulus Act of 2008 (Public Law 110-185; 122 Stat. 619) is repealed.
(C) REPEAL OF NEW HOUSING PRICE INDEX- Section 1322 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as added by section 1124(d) of the Housing and Economic Recovery Act of 2008 (Public Law 110-289), is repealed.
(D) REPEAL- Section 1124 of the Housing and Economic Recovery Act of 2008 (Public Law 110-289) is repealed.
(E) ESTABLISHMENT OF CONFORMING LOAN LIMIT- For the year in which the expiration of the period referred to in section 603(b) of this section occurs, the limitations governing the maximum original principal obligation of conventional mortgages that may be purchased by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation, referred to in section 302(b)(2) of the Federal National Mortgage Association Charter Act (12 U.S.C. 1717(b)(2)) and section 305(a)(2) of the Federal Home Loan Mortgage Corporation Act (12 U.S.C. 1454(a)(2)), respectively, shall be considered to be--
(F) PROHIBITION OF PURCHASE OF MORTGAGES EXCEEDING MEDIAN AREA HOME PRICE-
(i) FANNIE MAE- Section 302(b)(2) of the Federal National Mortgage Association Charter Act (12 U.S.C. 1717(b)(2)) is amended by adding at the end the following new sentence: `Notwithstanding any other provision of this title, the corporation may not purchase any mortgage for a property having a principal obligation that exceeds the median home price, for properties of the same size, for the area in which such property subject to the mortgage is located.'.
(ii) FREDDIE MAC- Section 305(a)(2) of the Federal Home Loan Mortgage Corporation Act (12 U.S.C. 1454(a)(2)) is amended by adding at the end the following new sentence: `Notwithstanding any other provision of this title, the Corporation may not purchase any mortgage for a property having a principal obligation that exceeds the median home price, for properties of the same size, for the area in which such property subject to the mortgage is located.'.
(5) REQUIREMENT OF MINIMUM DOWNPAYMENT FOR MORTGAGES PURCHASED-
`(7) Notwithstanding any other provision of this Act, the corporation may not newly purchase any mortgage unless the mortgagor has paid, in cash or its equivalent on account of the property securing repayment of such mortgage, in accordance with regulations issued by the Director of the Federal Housing Finance Agency, not less than--
`(A) for any mortgage purchased during the 12-month period beginning upon the expiration of the period referred to in section 603(b) of the GSE Bailout Elimination and Taxpayer Protection Act, 5 percent of the appraised value of the property;
`(6) Notwithstanding any other provision of this Act, the Corporation may not newly purchase any mortgage unless the mortgagor has paid, in cash or its equivalent on account of the property securing repayment of such mortgage, in accordance with regulations issued by the Director of the Federal Housing Finance Agency, not less than--
(6) REQUIREMENT TO PAY STATE AND LOCAL TAXES-
(7) REPEALS RELATING TO REGISTRATION OF SECURITIES-
(8) RECOUPMENT OF COSTS FOR FEDERAL GUARANTEE-
(A) ASSESSMENTS- The Director of the Federal Housing Finance Agency shall establish and collect from each enterprise assessments in the amount determined under subparagraph (B). In determining the method and timing for making such assessments, the Director shall take into consideration the determinations and conclusions of the study under subsection (b) of this section.
(B) DETERMINATION OF COSTS OF GUARANTEE- Assessments under subparagraph (A) with respect to an enterprise shall be in such amount as the Director determines necessary to recoup to the Federal Government the full value of the benefit the enterprise receives from the guarantee provided by the Federal Government for the obligations and financial viability of the enterprise, based upon the dollar value of such benefit in the market to such enterprise when not operating under conservatorship or receivership. To determine such amount, the Director shall establish a risk-based pricing mechanism as the Director considers appropriate, taking into consideration the determinations and conclusions of the study under subsection (b) of this section.
(C) TREATMENT OF RECOUPED AMOUNTS- The Director shall cover into the general fund of the Treasury any amounts received from assessments made under this paragraph.
(b) GAO Study Regarding Recoupment of Costs for Federal Government Guarantee- The Comptroller General of the United States shall conduct a study to determine a risk-based pricing mechanism to accurately determine the value of the benefit the enterprises receive from the guarantee provided by the Federal Government for the obligations and financial viability of the enterprises. Such study shall establish a dollar value of such benefit in the market to each enterprise when not operating under conservatorship or receivership, shall analyze various methods of the Federal Government assessing a charge for such value received (including methods involving an annual fee or a fee for each mortgage purchased or securitized), and shall make a recommendation of the best such method for assessing such charge. Not later than 12 months after the date of the enactment of this Act, the Comptroller General shall submit to the Congress a report setting forth the determinations and conclusions of such study.
(a) Applicability- This section shall apply to an enterprise upon the expiration of the 3-year period that begins upon the expiration of the period referred to in section 603(b).
(3) issue on the Office of Management and Budget's public Web site the results of a cost-benefit analysis on implementing a digital signature system and on establishing employee printing identification systems, such as the use of individual employee cards or codes, to monitor the amount of printing done by Federal employees; except that the Director of the Office of Management and Budget shall ensure that Federal employee printing costs unrelated to national defense, homeland security, border security, national disasters, and other emergencies do not exceed $860,000,000 annually; and
(4) issue guidelines requiring every department, agency, commission, or office to list at a prominent place near the beginning of each publication distributed to the public and issued or paid for by the Federal Government--
Notwithstanding any other provision of law (including section 3 under the heading `Administrative Provisions--Internal Revenue Service' of title I of Public Law 103-329), any fees for services provided by the Internal Revenue Service shall, unless otherwise provided by an appropriations Act, be deposited in the Treasury as general receipts and shall not be expended by the Internal Revenue Service.
(a) In General- Notwithstanding any other provision of law, the total amount which is paid or reimbursed by an agency under subchapter I of chapter 57 of title 5, United States Code (relating to travel and subsistence expenses; mileage allowances for official travel by Federal employees) may not, for any of the next 5 fiscal years beginning after the date of enactment of this Act, exceed 50 percent of the total amount so paid or reimbursed by such agency for the fiscal year in which such date of enactment occurs.
(b) Exceptions- For purposes of carrying out subsection (a), there shall not be taken into account the amounts paid or reimbursed for--
(c) Regulations- Any regulations necessary to carry out this section shall, in consultation with the Director of the Office of Management and Budget, be prescribed by the same respective authorities as are responsible for prescribing regulations under section 5707 of title 5, United States Code.
(2) for fiscal year 2012 and each fiscal year thereafter--
(3) any amounts made available under Public Law 111-5 for the acquisition of new vehicles for the Federal fleet shall be disregarded for purposes of determining the baseline.
(a) Repeals in Public Law 111-117- The following provisions of law are repealed:
(1) Section 735 of the Financial Services and General Government Appropriations Act, 2010 (division C of Public Law 111-117; 123 Stat. 3214).
(3) Section 212 of the Commerce, Justice, Science, and Related Agencies Appropriations Act, 2010 (division B of Public Law 111-117; 123 Stat. 3140).
(b) A-76 Competitions- Notwithstanding any other provision of law, an executive agency may begin, plan for, announce, continue, finish, or approve a study on public-private competition regarding the conversion to contractor performance of any function performed by Federal employees pursuant to Office of Management and Budget Circular A-76 or any other administrative regulation, directive, or policy.
Notwithstanding any other provision of law, no funds are authorized to be appropriated to carry out the provisions of the Patient Protection and Affordable Care Act (Public Law 111-148), the Health Care and Education Reconciliation Act of 2010 (Public Law 111-152), and any amendment made by either such Act.
Of the funds made available by section 1005(b) of the Health Care and Education Reconciliation Act of 2010 (Public Law 111-152; 42 U.S.C. 18121(b)), the unobligated balance is rescinded.
(a) Designation of Income Tax Payments To Reduce the Deficit-
(1) DESIGNATION- Subchapter A of chapter 61 of the Internal Revenue Code of 1986 (relating to returns and records) is amended by adding at the end the following new part:
`PART IX--DESIGNATION ON INCOME TAX RETURNS FOR REDUCTION OF DEFICIT
`Sec. 6097. Designation for reduction of the deficit.
`(a) In General- Every individual, regardless of income tax liability for the taxable year, may designate that an amount (not less than $1 and not more than $10) shall be paid over for the purpose of reducing the deficit of the United States. In the case of a joint return of husband and wife, each spouse may so designate an amount.
`(b) Income Tax Liability- For purposes of subsection (a), the income tax liability of an individual for any taxable year is the amount of the tax imposed by chapter 1 on such individual for such taxable year (as shown on his return), reduced by the sum of the credits (as shown in his return) allowable under part IV of subchapter A of chapter 1 (other than subpart C thereof).
`(c) Manner and Time of Designation- Rules similar to the rules of section 6096(c) shall apply for purposes of this section, except that the designation shall be accompanied by the following statement: `The Federal budget will be reduced by an amount equal to ten times the amount you elect in the box.'.
`(d) Amount Increase- In the case of each taxable year beginning after 2011, the maximum dollar amount that may be designated under subsection (a) shall be increased by $1. In the case of a joint return of husband and wife, such amount shall increase by $2 each taxable year.'.
(2) CLERICAL AMENDMENT- The table of parts for subchapter A of chapter 61 of such Code is amended by adding at the end the following new item:
`Part IX--Designation of Income Tax Payments To Reduce the Deficit.'.
(3) EFFECTIVE DATE- The amendments made by this section shall apply to taxable years beginning after December 31, 2010.
(b) Taxpayer-Generated Sequestration of Federal Spending To Reduce the Deficit-
(1) SEQUESTRATION TO REDUCE DEFICIT- Part C of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended by inserting after section 253 the following new section:
`SEC. 253A. SEQUESTRATION TO REDUCE THE DEFICIT.
`(a) Sequestration-
`(1) TIMING- Within 15 calendar days after the date Congress adjourns to end a session, and on the same day as sequestration (if any) under sections 251, 252, and 253, but after any sequestration required by those sections, there shall be a sequestration to eliminate the deficit equivalent to the amount calculated under paragraph (2).
`(2) CALCULATION-
`(A) OMB CALCULATION- Before October 1st of each calendar year, OMB shall calculate the total amount designated under section 6097 of the Internal Revenue Code of 1986.
`(B) FEDERAL SPENDING REDUCTION- In accordance with the deadline under paragraph (1), OMB shall apply an across the board reduction in Federal spending in an amount equal to the product of--
`(i) the amount calculated under subparagraph (A); and
`(ii) 10.
`(3) CARRYOVER- Any amounts not calculated by OMB by the October 1st deadline, as set forth in subparagraph (2)(A), shall be applied to the following fiscal year Federal spending reduction pursuant to this section.
`(1) IN GENERAL- Except as provided by paragraph (2), each account of the United States shall be reduced by a dollar amount calculated by multiplying the level of budgetary resources in that account at that time by the uniform percentage necessary to carry out subsection (a). All obligational authority so reduced shall be done in a manner that makes such reductions permanent.
`(2) EXEMPT ACCOUNTS- The following programs shall be exempt from reduction under any order issued under this section:
`(A) Benefits payable under the old-age, survivors, and disability insurance program established under title II of the Social Security Act.
`(B) Benefits payable under section 3(a), 3(f)(3), 4(a), or 4(f) of the Railroad Retirement Act of 1974.
`(C) Benefits payable under title 18 of the Social Security Act.
`(D) The rate of pay of any judge or justice appointed pursuant to article III of the Constitution of the United States.
`(E) Veterans' benefits listed under sections 255(b) and 255(f) of the Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C. 905(b), 905(f)).
`(c) Effective Date- This section shall apply to calender years beginning after December 31, 2010.'.
(2) REPORTS- Section 254 of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended--
`October 1 OMB report estimating amount of income tax designated pursuant to section 6097 of the Internal Revenue Code of 1986.'.
(B) in subsection (c)(1), by inserting `, and sequestration to reduce the deficit,' after `sequestration';
`(5) REPORTS ON SEQUESTRATION TO REDUCE THE DEFICIT- The preview reports shall set forth for the budget year estimates for each of the following:
`(A) The aggregate amount designated under section 6097 of the Internal Revenue Code of 1986 for the last calendar year ending before the budget year.
`(C) The sequestration percentage necessary to achieve the required reduction in accounts under section 253A(a).'; and
`(4) REPORTS ON SEQUESTRATION TO REDUCE THE DEFICIT- The final reports shall contain all of the information contained in the deficit taxation designation report required on October 1.'.
(3) EFFECTIVE DATE- Notwithstanding section 275(b) of the Balanced Budget and Emergency Deficit Control Act of 1985, the expiration date set forth in that section shall not apply to the amendments made by this Act. On the date specified in section 253A of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended by this section, the President shall issue an order fully implementing the sequestration required by section 253A of such Act, as amended by this section. This order shall be effective on issuance.
The Continuing Appropriations Act, 2011 (Public Law 111-242), as amended by section 101, is amended by adding at the end the following:
`Sec. 167. No appropriations or funds made available or authority granted pursuant to section 101(b)(1) may be used to carry out any program under, promulgate any regulation pursuant to, or defend against any lawsuit challenging any provision of Public Law 111-148 or Public Law 111-152 or any amendment made by either such Public Law.'.