S.788 - A bill to suspend the fiscal year 2013 sequester and establish limits on war-related spending.113th Congress (2013-2014)
|Sponsor:||Sen. Reid, Harry [D-NV] (Introduced 04/23/2013)|
|Latest Action:||Senate - 04/24/2013 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 64. (All Actions)|
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Summary: S.788 — 113th Congress (2013-2014)All Information (Except Text)
Introduced in Senate (04/23/2013)
Makes available for the federal government for FY2013 the amount that would have been made available for the fiscal year if the following actions had not occurred:
- sequestration of discretionary spending limits and automatic sequestrations to enforce a specified budget goal under the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act);
- rescission of the applicable percentage of budget authority provided (or obligation limit imposed) for FY2013 for any discretionary account in divisions A through E of the Consolidated and Further Continuing Appropriations Act, 2013; and
- any presidential sequestration order.
Amends the Gramm-Rudman-Hollings Act with respect to mandatory sequestration, within 15 calendar days after Congress adjourns to end a session, in order to eliminate a budget-year breach, if any, within any category. Requires any amount of budget authority for overseas contingency operations and related activities for FY2014-FY2016 in excess of the levels specified in the Act to be counted in determining whether a breach of the budget has occurred in the security category.
Requires the adjustments to discretionary spending limits for appropriations for discretionary accounts enacted for FY2017-FY2021 that Congress designates for Overseas Contingency Operations/Global War on Terrorism (OCO/GWOT) to be the total of such appropriations in discretionary accounts designated for OCO/GWOT. Specifies limits, however, for any OCO/GWOT adjustments in additional new budget authority for such fiscal years.