To amend the Balanced Budget and Emergency Deficit Control Act of 1985 to provide for a sequestration of all budgetary accounts for fiscal year 1997 (except Social Security, Federal retirement, and interest on the debt) equal to 5 percent of the OMB baseline.

Summary

Amends the Balanced Budget and Emergency Deficit Control Act of 1985 to require: (1) a sequestration of five percent of the OMB (Office of Management and Budget) baseline for that fiscal year; and (2) the President to immediately fully implement the sequestration. Exempts benefits under title II (Old Age, Survivors and Disability Insurance) of the Social Security Act, retirement benefits for members of the uniformed services or U.S. officers or employees, and payments for net interest.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 8 May 1996

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 8 May 1996

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 8 May 1996

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.