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United States · Bill · HR

H.R. 5652 (112th)

Sequester Replacement Reconciliation Act of 2012

openUnited States· United States Congress· EN

Introduced

9 May 2012

Last action

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Status

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 398.

Sponsors

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Subjects

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Source updated

7 April 2025

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Summary

Sequester Replacement Reconciliation Act of 2012 - Title I: Agriculture - Agricultural Reconciliation Act of 2012 - Amends the American Recovery and Reinvestment Act of 2009 to terminate the increase in the value of supplemental nutrition assistance program (SNAP, formerly the food stamp program) benefits for Puerto Rico and American Samoa on June 30, 2012. Amends the Food and Nutrition Act of 2008 to limit categorical SNAP eligibility to households receiving specified other program benefits in cash. Eliminates the requirement that a state agency using a standard utility allowance provide such allowance to a household that receives assistance under the Low Income Home Energy Assistance Act of 1981 or other energy assistance program if such household incurs out-of-pocket heating or cooling expenses exceeding such assistance. Eliminates: (1) administrative cost sharing to states for certain employment and training programs, (2) state bonus programs for effective SNAP administration, and (3) indexing for the nutrition education and obesity prevention grant program. Reduces FY2013 funding for employment and training programs. Authorizes FY2013 appropriations to carry out the Food and Nutrition Act of 2008. Title II: Committee on Energy and Commerce - Amends the Patient Protection and Affordable Care Act (PPACA) to repeal provisions: (1) appropriating funds to the Secretary of Health and Human Services (HHS) to award grants to states for activities (including planning activities) related to establishing an American Health Benefit Exchange (a state health insurance exchange), (2) establishing and appropriating funds to the Prevention and Public Health Fund (a Fund to provide for expanded and sustained national investment in prevention and public health programs to improve health and help restrain the rate of growth in private and public sector health care costs), and (3) appropriating funds for the establishment and operation of the Consumer Operated and Oriented Plan (CO-OP) program (designed to foster the creation of qualified nonprofit health insurance issuers to offer qualified health plans in the individual and small group markets). Rescinds any unobligated balance appropriated under such provisions. Amends title XIX (Medicaid) of the Social Security Act (SSA) to: (1) extend the reduction of the threshold level of permissible state taxes on health care providers before federal funding to the state for Medicaid is reduced; (2) reduce the state disproportionate share hospital (DSH) allotment for FY2022; and (3) repeal provisions prohibiting states from reducing eligibility levels for Medicaid. Amends title XXI (State Children's Health Insurance Program) (CHIP, formerly known as SCHIP) of SSA to repeal provisions prohibiting states from reducing eligibility levels for CHIP. Repeals provisions that increased Medicaid payments to territories though FY2019. Decreases the federal medical assistance percentage (FMAP) for Puerto Rico, the Virgin Islands, Guam, the Northern Mariana Islands, and American Samoa. Repeals provisions providing bonus payments to states for enrollment and retention programs for children covered under Medicaid and CHIP. Title III: Financial Services - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) to repeal authority for:(1) judicial procedures for the orderly liquidation of certain financial companies, and (2) the Orderly Liquidation Fund. HAMP Termination Act of 2012 - Amends the Emergency Economic Stabilization Act of 2008 to prohibit the Secretary of the Treasury (Secretary in this Act) from providing assistance under the Home Affordable Modification Program (HAMP) under the Making Home Affordable initiative. Exempts from this prohibition any assistance provided on behalf of homeowners to whom an offer to participate in HAMP was provided before enactment of this Act. Prohibits the availability of certain unobligated funds under HAMP. Restricts the use of such funds solely to federal budget deficit reduction. Amends the Consumer Financial Protection Act of 2010 to repeal the requirement for an annual transfer of funds from the Board of Governors of the Federal Reserve System to the Consumer Financial Protection Bureau (CFPB). Repeals: (1) the Consumer Financial Protection Fund, and (2) the Victims Relief Fund. Authorizes appropriations for FY2012-FY2013. Flood Insurance Reform Act of 2012 - Amends the National Flood Insurance Act of 1968 (NFIA) to extend through FY2016 the financing for National Flood Insurance Program (Program). Amends the Flood Disaster Protection Act of 1973 (FDPA) to authorize the Administrator of the Federal Emergency Management Agency (FEMA) to suspend temporarily the mandatory flood insurance purchase requirement for areas designated as having special flood hazards, if they meet certain eligibility requirements. Requires a lender or servicer who receives confirmation of a borrower's existing flood insurance coverage to terminate force-placed insurance and to refund all force-placed insurance premiums and related fees. Requires each federal entity for lending regulation to direct regulated lending institutions to accept private flood insurance if it meets federal flood insurance requirements. Amends NFIA to prescribe minimum annual flood insurance deductibles for subsidized and actuarial rate properties. Sets forth a formula for indexing maximum coverage limits. Prescribes optional coverage of personal residence and business interruption. Raises the annual limitation on premium increases to 20% of the average of the risk premium rates for the properties concerned. Schedules a 5-year phase-in of chargeable risk premium rates for: (1) an area that has been upgraded to a special flood hazard area, and (2) preferred risk rate areas. Establishes the Technical Mapping Advisory Council. Instructs the Administrator to: (1) establish new rate maps based upon the Council's recommendations, and (2) update flood insurance rate maps accordingly. Requires the Administrator and the Comptroller General each to study options for privatizing the Program. Authorizes the Administrator to secure flood reinsurance coverage. Modifies the mitigation assistance grant program. Repeals authority for planning assistance grants. Changes from flood risk mitigation to multi-hazard risk mitigation the plan a state or community is required to develop to be eligible for mitigation assistance. Removes beach nourishment as an eligible mitigation activity. Authorizes grants for eligible mitigation activities. Limits funding for severe repetitive loss structures. Eliminates: (1) the grants Program for repetitive insurance claims properties, and (2) the pilot Program for mitigation of severe repetitive loss properties. Amends the FDPA to direct the Administrator to notify residents of special flood hazard areas regarding flood insurance purchase requirements and rate phase-ins for such properties. Amends the Real Estate Settlement Procedures Act of 1974 (RESPA) to require that a lender's good faith estimate disclose to loan applicants: (1) the availability of flood insurance for residential real estate both in and out of a special flood hazard area, and (2) that the escrowing of flood insurance payments is required for many loans. Declares eligible for flood insurance any property otherwise in compliance with the Program even it has a swimming pool located at ground level or in the space below the lowest floor of a building outside hurricane season if the pool is enclosed with non-supporting breakaway walls. Directs the Administrator to establish a separate National Flood Insurance Reserve Fund. Amends the Housing and Community Development Act of 1974 to make eligible for assistance under the Community Development Block Grants (CDBG) Program: (1) certain activities supplementing existing state or local funding for administration of building code enforcement by local building code enforcement departments, and (2) floodplain management outreach and education activities of local governmental agencies. Directs the Administrator and Comptroller General each to study options for offering and incorporating voluntary community-based flood insurance policy options into the Program. Directs the Administrator to study the feasibility of including nationally recognized building codes as part of floodplain management criteria. Directs the National Academy of Sciences to study methods for understanding graduated risk behind levees. Prohibits any cause of action or claim from being brought against the United States for violation of any notification requirement imposed by this Act. Authorizes the Secretary of the Army, upon request, to evaluate for the purposes of the Program, a levee system designed or constructed by the Secretary. Amends Dodd-Frank to repeal the Office of Financial Research. Title IV: Committee on the Judiciary - Help Efficient, Accessible, Low-cost, Timely Healthcare (HEALTH) Act of 2011 [ sic ] - Sets conditions for lawsuits arising from health care liability claims and actions concerning the provision of health care goods or services or any medical product affecting interstate commerce. Establishes a statute of limitations and limits noneconomic and punitive damages. Title V: Committee on Oversight and Government Reform - Increases federal employee contributions under the Civil Service Retirement System (CSRS) and the Federal Employees' Retirement System (FERS) by 5% of salary over 5 years, beginning in calendar year 2013. Increases retirement contributions for: (1) Members of Congress and for congressional employees in CSRS by 8.5% (by 7.5% for congressional employees in FERS) of salary over 5 years, beginning in calendar year 2013; and (2) Members of Congress and certain federal employees who begin federal service after December 31, 2012, and who have less than 5 years of creditable service for retirement purposes. Eliminates the annuity supplement for FERS employees hired after December 31, 2012, except for certain law enforcement officers, firefighters, nuclear material couriers, border protection officers, and air traffic controllers. Allows federal employees (including employees of the U.S. Postal Service or the Postal Regulatory Commission) and Members of Congress to deposit any payment which they receive for accumulated and accrued annual or vacation leave in their Thrift Savings Fund accounts. Title VI: Committee on Ways and Means - Amends the Internal Revenue Code to require: (1) the recapture of advance payments of the tax credit for health insurance premium assistance that exceed the allowable credit amount, and (2) taxpayers who are claiming the refundable portion of the child tax credit to include their social security numbers on their tax returns. Repeals the program of block grants to states for social services under title XX (Block Grants to States for Social Services) of the Social Security Act, effective October 1, 2012.

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