This bill directs the Director of the Office of Management and Budget (OMB) to offset emergency-designated spending by ordering sequestration over five years. For any emergency spending made available in a fiscal year, OMB would issue a sequestration order on October 1 of the next fiscal year and on each of the next four years. Each year’s sequestration would aim to produce outlay savings equal to one-fifth of the total emergency spending. Sequestration must be applied uniformly across affected accounts and only against the same type of spending (discretionary or direct) as the emergency spending. The total sequestration required is reduced by any offsetting reductions included in the law that provided the emergency spending. The bill lists specific exemptions and requires written notices to Congress when a sequestration order is issued. It also requires detailed written justifications explaining why proposed emergency spending meets statutory definitions of "emergency" and "unanticipated." The bill defines emergency spending by reference to existing statutory designations and budget resolution treatment.
If this bill becomes law, emergency-designated spending would be offset over five years through automatic, uniform cuts (sequestration) to non-exempt accounts of the same spending type. OMB would send Congress a written notice listing affected accounts when it issues each sequestration order. Measures that include emergency spending would need a detailed justification in committee reports or the Congressional Record explaining why the spending is an emergency and unanticipated, using existing legal definitions.
The bill does not provide dollar estimates or score information. It requires sequestration actions that reduce total budgetary resources so that outlay savings equal one-fifth of the emergency spending amount in each of five years. Sequestration applies uniformly across non-exempt accounts and is limited to discretionary accounts if the emergency spending was discretionary, or to direct spending accounts if the emergency spending was direct. The total sequestration amount is reduced by any offsets included in the same law that provided the emergency spending.
No publicly available information.
No publicly available information.