Sec. 102. Statutory enforcement of spending caps through sequestration
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Title III of the Congressional Budget Act of 1974 ( 2 U.S.C. 631 et seq. ) is amended by inserting after section 317, as added by section 101 of this Act, the following: The sequesters shall be implemented as follows: For the discretionary limits in section 316, pursuant to section 251(a) of the Balanced Budget and Emergency Deficit Control Act of 1985 ( 2 U.S.C. 901(a) ) with each category sequestered separately. The sequestration to enforce this section for direct spending shall be implemented pursuant to section 254 of the Balanced Budget and Emergency Deficit Control Act of 1985 ( 2 U.S.C. 904 ).
Section 255 of the Balanced Budget and Control Act of 1985 ( 2 U.S.C. 905 ) shall not apply to this section, except that payments for military personnel accounts (within subfunctional category 051), TRICARE for Life, Medicare (functional category 570), military retirement, Social Security (functional category 650), veterans (functional category 700), net interest (functional category 900), and discretionary appropriations shall be exempt. At any time after the Director of the Office of Management and Budget issues a sequestration report under subsection
(a)and section 319(c) the provisions of section 258A of the Balanced Budget and Emergency Deficit Control Act of 1985 ( 2 U.S.C. 907b ) shall apply to the consideration in the House of Representatives and the Senate of a bill or joint resolution to override the order if the bill or joint resolution, as enacted, would achieve the same level of reductions in new budget authority and outlays for the applicable fiscal year as set forth in the order. In the House of Representatives or Senate, it shall not be in order to consider a bill or joint resolution which waives, modifies, or in any way alters a sequestration order unless the chair of the House or Senate Committee on the Budget certifies that the measure achieves the same levels of reductions in new budget authority and outlays for the applicable year as set forth in the order. .
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Sec. 102
Statutory enforcement of spending caps through sequestration
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