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Code · BILL · 113th Congress · S. 277 (Introduced in Senate) — To replace the Budget Control Act sequester by eliminating tax loopholes, and for other purposes. · Sec. 101

Sec. 101. Discretionary spending limits

274 words·~1 min read·/bill/113/s/277/is/section-101·

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Part C of title II of the Balanced Budget and Emergency Deficit Control Act of 1985 ( 2 U.S.C. 900 et seq. ) is amended— by striking section 251(c) ( 2 U.S.C. 901(c) ) and inserting the following: As used in this part, the term discretionary spending limit means— with respect to fiscal year 2012— for the security category, $684,000,000,000 in new budget authority; and for the nonsecurity category, $359,000,000,000 in new budget authority; with respect to fiscal year 2013— for the security category, $686,000,000,000 in new budget authority; and for the nonsecurity category, $361,000,000,000 in new budget authority; with respect to fiscal year 2014, for the discretionary category, $1,066,000,000,000 in new budget authority; with respect to fiscal year 2015, for the discretionary category, $1,086,000,000,000 in new budget authority; with respect to fiscal year 2016, for the discretionary category, $1,107,000,000,000 in new budget authority; with respect to fiscal year 2017, for the discretionary category, $1,131,000,000,000 in new budget authority; with respect to fiscal year 2018, for the discretionary category, $1,156,000,000,000 in new budget authority; with respect to fiscal year 2019, for the discretionary category, $1,182,000,000,000 in new budget authority; with respect to fiscal year 2020, for the discretionary category, $1,208,000,000,000 in new budget authority; and with respect to fiscal year 2021, for the discretionary category, $1,234,000,000,000 in new budget authority; as adjusted in strict conformance with subsection (b). ; by striking section 251A ( 2 U.S.C. 901a ); and in the table of contents set forth in section 250(a), by striking the item relating to section 251A.
Section 901(e) of the American Taxpayer Relief Act of 2012 ( Public Law 112–240 ) is repealed.
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  • Pub. L. 112-240
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Sec. 101
Discretionary spending limits
Pub. L.Pub. L. 112-240
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