H.R. 1955, RESCUE Act: Modify the Application of the Sequester Under the Statutory Pay-As-You-Go Act of 2010 (March 17, 2021)
Summary
H.R. 1955, the RESCUE Act, was introduced in the House of Representatives on March 17, 2021, by Donalds with Banks, Norman and Mann and referred to the Committee on the Budget. It temporarily modifies the application of the sequester under the Statutory Pay-As-You-Go Act of 2010. Before any other direct spending program is reduced under the first sequestration order, the budgetary resources of listed programs are to be reduced. The list covers section 9704 of the American Rescue Plan Act of 2021 (multiemployer plans), section 9901 (State and local fiscal recovery funds), Title X (foreign relations) and other provisions not related to direct health care treatment and prevention of COVID-19.
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“H.R. 1955, RESCUE Act: Modify the Application of the Sequester Under the Statutory Pay-As-You-Go Act of 2010 (March 17, 2021).”
Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/bills-bills-117hr1955ih-bills-117hr1955ih/
, SHA-256 87d6dace18961531803be11d9da9678335af8a7dc4577ec640c02e226da50431.Full text
I
117TH CONGRESS
1ST SESSION
H. R. 1955
To temporarily modify the application of the sequester under the Statutory
Pay-As-You-Go Act of 2010, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
MARCH 17, 2021
Mr. DONALDS (for himself, Mr. BANKS, Mr. NORMAN, and Mr. MANN) intro-
duced the following bill; which was referred to the Committee on the
Budget
A BILL
To temporarily modify the application of the sequester under
the Statutory Pay-As-You-Go Act of 2010, and for other
purposes.
1 Be it enacted by the Senate and House of Representa-
2 tives of the United States of America in Congress assembled,
3 SECTION 1. SHORT TITLE.
4 This Act may be cited as the ‘‘Responsible and Effec-
5 tive Spending Cuts of Undesirable Expenditures Act’’ or
6 the ‘‘RESCUE Act’’.
7 SEC. 2. APPLICATION OF PAYGO ACT SEQUESTRATION.
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8 (a) APPLICATION.—
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2
1 (1) IN GENERAL.—Notwithstanding any other
2 provision of law, with respect to carrying out the
3 first sequestration order under the Statutory Pay-
4 As-You-Go Act of 2010 issued after the date of en-
5 actment of this Act, before any other direct spending
6 program (including Medicare programs described in
7 section 256(d) of the Balanced Budget and Emer-
8 gency Deficit Control Act of 1985) is reduced under
9 such order, the budgetary resources of the direct
10 spending programs described in subsection (b)—
11 (A) shall be reduced, in the order such
12 provisions are listed in such subsection, in an
13 amount equal to the amount of any reduction
14 required, but for this section, for Medicare pro-
15 grams under section 6 of the Statutory Pay-As-
16 You-Go Act of 2010; and
17 (B) after the reduction required under sub-
18 paragraph (A), shall be further reduced, in the
19 order such provisions are listed in such sub-
20 section, by the amount (if any) of the remaining
21 budget-year debit as determined under such
22 section 6.
23 (2) REGULAR PROCEDURE.—After the reduc-
24 tions required by paragraph (1), such sequestration
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25 order shall be carried out with respect to direct
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1 spending programs (excluding such Medicare pro-
2 grams) consistent with the requirements of the Stat-
3 utory Pay-As-You-Go Act of 2010.
4 (b) WASTEFUL SPENDING PROGRAMS.—The direct
5 spending programs described in this subsection are as fol-
6 lows:
7 (1) Section 9704 of the American Rescue Plan
8 Act of 2021 (Public Law 117–2) and the amend-
9 ments made by such section (relating to special fi-
10 nancial assistance program for financially troubled
11 multiemployer plans).
12 (2) Section 9901 of such Act and the amend-
13 ments made by such section (relating to coronavirus
14 State and local fiscal recovery funds).
15 (3) Title X of such Act (relating to foreign rela-
16 tions).
17 (4) Any other provision of such Act or any
18 amendment made by such provision (if applicable)
19 that is not related to the direct health care treat-
20 ment and prevention of COVID–19 in the United
21 States.
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