{
  "id": "R42675",
  "type": "CRS Report",
  "typeId": "REPORTS",
  "number": "R42675",
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  "source": "EveryCRSReport.com, University of North Texas Libraries Government Documents Department",
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      "id": 415603,
      "date": "2012-12-21",
      "retrieved": "2016-04-06T23:45:20.264644",
      "title": "The Budget Control Act of 2011: Budgetary Effects of Proposals to Replace the FY2013 Sequester",
      "summary": "The Budget Control Act of 2011 (BCA; P.L. 112-25) provided for an increase in the statutory limit on the public debt in conjunction with a variety of measures to reduce the budget deficit. Included in these measures was the creation of a Joint Select Committee on Deficit Reduction, which was tasked to develop and submit a plan to Congress containing deficit reduction to total at least $1.2 trillion over the FY2012-FY2021 period. However, because the committee did not report out recommendations, the BCA\u2019s automatic spending reduction process was triggered. This process is set to begin on January 2, 2013. \nBoth President Obama and some Members of Congress have offered proposals for repealing or modifying the automatic spending reductions. The President\u2019s FY2013 Budget Proposal eliminates the automatic spending reductions for all nine years and replaces them with alternative measures to reduce the deficit. The largest of these proposals include allowing the 2001/2003/2010 tax cuts for singles making over $200,000 and households making over $250,000 to expire; savings generated from changes to Medicare, Medicaid, agriculture, and other mandatory programs; and placing caps on spending on Overseas Contingency Operations (OCO). Together, this proposal totals $2,221 billion more in deficit reduction than what would be achieved by the BCA\u2019s automatic spending reduction process between FY2012 and FY2022.\nThe Sequester Replacement Reconciliation Act of 2012 (H.R. 5652), agreed to by the House on May 10, 2012, would cancel the sequester of approximately $98 billion in discretionary defense, discretionary non-defense, and mandatory defense FY2013 funding scheduled to take place on January 2, 2013; would lower the current FY2013 cap on discretionary budget authority set by the BCA of $1,047 billion to $1,028 billion; and would cut other mandatory non-defense programs. If enacted, this measure would reduce the deficit by $262 billion more than what would be achieved by the BCA\u2019s FY2013 automatic spending reductions over the FY2012 to FY2022 period. A similar proposal, the Spending Reduction Act of 2012 (H.R. 6684), was also passed by the House on December 20, 2012.\nRepresentative Chris Van Hollen offered a substitute amendment to H.R. 5652. His proposal would replace the entire FY2013 sequester with a series of revenue increases and spending reductions. If enacted, this measure would reduce the deficit by $30 billion more than what would be achieved by the BCA\u2019s FY2013 automatic spending reductions over the FY2012 to FY2022 period. This measure was not made in order by the House Rules Committee.\nOn September 13, the House passed the National Security and Job Protection Act (H.R. 6365), introduced by Representative Allen West, by a vote of 223-196. The act cancels the FY2013 sequester on discretionary defense, discretionary non-defense, and mandatory defense contingent upon enactment of H.R. 5652, or an alternative measure that would achieve outlay reductions equal to those to be achieved by the FY2013 sequester in those categories. This legislation was determined by CBO to not have a budgetary impact.\nIn addition to the measures proposed above to replace the BCA\u2019s automatic spending cuts, President Obama signed into law the Sequestration Transparency Act of 2012 (H.R. 5872) on August 7, 2012. This legislation requires OMB, in consultation with the House and Senate Appropriations Committees, to submit a detailed report within 30 days of enactment containing information on how the BCA\u2019s FY2013 automatic spending reductions will affect each non-exempt program, project, and activity. The STA report was released on September 14, 2012.",
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    },
    {
      "source": "University of North Texas Libraries Government Documents Department",
      "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc805928/",
      "id": "R42675_2012Nov09",
      "date": "2012-11-09",
      "retrieved": "2016-03-19T13:57:26",
      "title": "The Budget Control Act of 2011: Budgetary Effects of Proposals to Replace the FY2013 Sequester",
      "summary": null,
      "type": "CRS Report",
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    },
    {
      "source": "University of North Texas Libraries Government Documents Department",
      "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc227783/",
      "id": "R42675_2012Aug24",
      "date": "2012-08-24",
      "retrieved": "2013-11-05T18:07:05",
      "title": "The Budget Control Act of 2011: Budgetary Effects of Proposals to Replace the FY2013 Sequester",
      "summary": "Report that provides information on the levels of deficit reduction if the Budget Control Act's (BCA) automatic cuts are implemented as under current law and contrasts that with the alternative proposals offered by some Members of Congress and President Obama. It also discusses specific determinations made by the Office of Management and Budget regarding the exempt/non-exempt status of certain programs, as well as a discussion of information to be disclosed regarding the FY2013 BCA sequester impact.",
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      "topics": [
        {
          "source": "LIV",
          "id": "Budgets",
          "name": "Budgets"
        },
        {
          "source": "LIV",
          "id": "Federal budgets",
          "name": "Federal budgets"
        },
        {
          "source": "LIV",
          "id": "Public debt",
          "name": "Public debt"
        },
        {
          "source": "LIV",
          "id": "Fiscal policy",
          "name": "Fiscal policy"
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  "topics": [
    "Appropriations",
    "Foreign Affairs"
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}