Tap any paragraph to write a margin note. Your notes collect in the Desk below the text and file under cases with @. The side-by-side margin rail opens on a larger screen.

Code · STATUTE-COMPILATIONS · Fiscal Responsibility Act of 2023 · Sec. 102

Sec. 102. SPECIAL ADJUSTMENTS FOR FISCAL YEARS 2024 AND 2025

782 words·~4 min read·/statute-compilations/comps-17485/sec-102

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

## SEC. 102 SPECIAL ADJUSTMENTS FOR FISCAL YEARS 2024 AND 2025 **[**[2 U.S.C. 901](/us/usc/t2/s901)**]** Section 251 of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended by adding at the end the following: > > ### “(d) Revised Discretionary Spending Limits for Fiscal Year 2024 > > > #### “(1) In general > > Subject to paragraph (3), if on or after January 1, 2024, there is in effect an Act making continuing appropriations for part of fiscal year 2024 for any discretionary budget account, the discretionary spending limits specified in subsection (c)(9) for fiscal year 2024 shall be adjusted in the final sequestration report, in accordance with paragraph (2), as follows: > > > ##### “(A) > > For the revised security category, the amount that is equal to the total budget authority for such category for base funding, as published in the Congressional Budget Office cost estimate for the applicable appropriations Acts for the preceding fiscal year (table 1-S of H.R. 2617, published on December 21, 2022), reduced by one percent. > > > ##### “(B) > > For the revised non-security category, the amount that is equal to the total budget authority for such category for base funding as published in the Congressional Budget Office cost estimate for the applicable appropriations Acts for the preceding fiscal year (table 1-S of H.R. 2617, published on December 21, 2022), reduced by one percent. > > > #### “(2) Final report; sequestration order > > If the conditions specified in paragraph
(1)are met during fiscal year 2024, the final sequestration report for such fiscal year pursuant to section 254(f)(1) and any order pursuant to section 254(f)(5) shall be issued on the earlier of— > > > ##### “(A) > > 10 days, not including weekends and holidays, for the Congressional Budget Office and 15 days, not including weekends and holidays, for the Office of Management and Budget and the President, after the enactment into law of annual full-year appropriations for all budget accounts that normally receive such annual appropriations (or the enactment of the applicable full-year appropriations Acts without any provision for such accounts); or > > > ##### “(B) > > April 30, 2024. > > > #### “(3) Reversal > > If, after January 1, 2024, there are enacted into law each of the full year discretionary appropriation Acts, then the adjustment to the applicable discretionary spending limits in paragraph
(1)shall have no force or effect, and the discretionary spending limits for the revised security category and revised nonsecurity category for the applicable fiscal year shall be such limits as in effect on December 31 of the applicable fiscal year. > > > ### “(e) Revised Discretionary Spending Limits for Fiscal Year 2025 > > > #### “(1) In general > > Subject to paragraph (3), if on or after January 1, 2025, there is in effect an Act making continuing appropriations for part of fiscal year 2025 for any discretionary budget account, the discretionary spending limits specified in subsection (c)(10) for fiscal year 2025 shall be adjusted in the final sequestration report, in accordance with paragraph (2), as follows: > > > ##### “(A) > > for the revised security category, the amount calculated for such category in section (d)(1)(A); and > > > ##### “(B) > > for the revised non-security category, the amount calculated for each category in section (d)(1)(B). > > > #### “(2) Final report; sequestration order > > If the conditions specified in paragraph
(1)are met during fiscal year 2025, the final sequestration report for such fiscal year pursuant to section 254(f)(1) and any order pursuant to section 254(f)(5) shall be issued on the earlier of— > > > ##### “(A) > > 10 days, not including weekends and holidays, for the Congressional Budget Office, and 15 days, not including weekends and holidays, for the Office of Management and Budget and the President, after the enactment into law of annual full-year appropriations for all budget accounts that normally receive such annual appropriations (or the enactment of the applicable full-year appropriations Acts without any provision for such accounts); or > > > ##### “(B) > > April 30, 2025. > > > #### “(3) Reversal > > If, after January 1, 2025, there are enacted into law each of the full year discretionary appropriation Acts, then the adjustment to the applicable discretionary spending limits in paragraph
(1)shall have no force or effect, and the discretionary spending limits for the revised security category and revised nonsecurity category for the applicable fiscal year shall be such limits as in effect on December 31 of the applicable fiscal year.” > .
Connectionstraces to 1
Citation graph
cites case law
Sec. 102
SPECIAL ADJUSTMENTS FOR FISCAL YEARS 2024 AND 2025
Cites 1Cited by 0 across 0 sources
★   the supreme law of the land   ★
Don't Tread on Me
E Pluribus Unum — out of many, one

"If you don't know your rights, you don't have any."

Marginalia · a citizen's law index
A research desk, not legal advice. Always read the cited source before relying on a summary.
Questions or an issue? support@self-law.org
disclaimerMarginalia is a research index, not a law firm. Nothing on this site is legal, tax, or financial advice and no attorney–client relationship is formed by using it. Statutes, regulations, and case law change; summaries, search results, AI output, and member posts may be incomplete, out of date, or wrong. Any interpretation drawn from material on this site should be validated by a licensed attorney in your jurisdiction before you act on it.