,i #aac? ,,congress #a/ ,session ,h4 ,r4 #hdi ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,febru>y #bg1 #bjac ,mr4 ,smi? ( ,wa%+ton 7= himself1 ,mr4 ,brady ( ,p5nsylvania1 & ,mr4 ,gallego7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ! ,budget1 & 9 addition to ! ,committee on ,ways & ,means1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,a ,,bill ,to am5d ! ,balanc$ ,budget & ,em]g5cy ,deficit ,control ,act ( #aihe to elim9ate ! section #bea;,a seque/rations & to r$uce ! security & nonsecurity discretion>y sp5d+ limits by #cbj billion f fiscal ye> #bjad ?r\gh fiscal ye> #bjba1 & to susp5d ! /atutory limit on ! public debt until ,febru>y #a1 #bjag4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,seque/ration ,relief ,act ( #bjac4 #b4 ,f9d+s & purpose 7a7 ,f9d+s ,congress f9ds ! foll[+3 7#a7 ,congress mu/ enact a compreh5sive1 deficit r$uction plan to solve ! c\ntry's fiscal *all5ges & to promote national security1 economic /ability1 & ! cont9u$ gr[? & prosp]ity ( ! ,unit$ ,/ates4 7#b7 ,! keys to a compreh5sive1 deficit r$uction solution are increas$ rev5ues & *anges 9 m&atory sp5d+4 7#c7 ,! ,budget ,control ,act ( #bjaa 0 enact$ to av]t a default on ,f$]al debt obligations1 & x r$uc$ discretion>y sp5d+ by approximately #a trillion ?r\gh fiscal ye> #bjba4 7#d7 ,because ! ,jo9t ,select ,committee on ,deficit ,r$uction fail$ to recomm5d legislation provid+ an additional #a4b trillion 9 deficit r$uction1 ,f$]al law m&ates t ! additional sav+s be seque/]$4 7#e7 ,seque/ration 0 design$ z a =c+ me*anism = an agreem5t on a compreh5sive1 deficit r$uction plan4 ,x has fail$ to produce ! int5d$ results4 7#f7 ,x no long] makes s5se to rely on seque/ration z a =c+ me*anism = a balanc$ solution4 ,! co/s to our gov]nm5t & to ! economy are too great4 7#g7 ,"u seque/ration1 automatic1 indiscrim9ate cuts w\ld be appli$1 ?r\gh fiscal ye> #bjba1 to a wide v>iety ( discretion>y sp5d+ programs to a*ieve #a4b trillion 9 sav+s1 =e/all+ ! s\nd plann+ ne$$ = prud5t & mean+ful inve/m5ts 9 national security1 ! work=ce1 transportation infra/ructure1 education1 heal? c>e1 public safety1 h\s+1 innovation1 small bus9ess developm5t1 & _m o!r facets ( endur+ national /r5g?4 7#h7 ,ev5 ! prospect ( seque/ration is disruptive to regul> ord] & to ! congressional appropriations process1 & x fo/]s damag+ economic unc]ta9ty1 :ile %ort-t]m solutions only susp5d ! prospect & cont9ue to und]m9e ! c]ta9ty ne$$ = economic recov]y4 7#i7 ,!re=e1 ,congress mu/ elim9ate ! ?reat ( seque/ration4 7#aj7 ,giv5 ! magnitude ( ! ,f$]al deficit1 x is likely t additional cuts to discretion>y sp5d+ w be necess>y = a compreh5sive deficit r$uction solution4 7#aa7 ,congress mu/ e/abli% a manageable1 long-t]m discretion>y sp5d+ plan4 ,an additional #cbj billion 9 t>getable cuts to discretion>y appropriations f fiscal ye> #bjad ?r\gh fiscal ye> #bjba repres5ts "o-?ird ( ! net am\nt t w\ld h be5 indiscrim9ately cut by seque/ration ov] fiscal ye>s #bjac ?r\gh #bjba4 7#ab7 ,x is recogniz$ t a r$uction ( #afg billion to discretion>y appropriations )9 budget function #jej f fiscal ye> #bjad ?r\gh fiscal ye> #bjba w affect ! ,national ,milit>y ,/rategy4 ,! ,dep>tm5t ( ,def5se is highly enc\rag$ to revisit its curr5t /rategic guidance & to "w closely ) ,congress 9 build+ a new ,national ,milit>y ,/rategy t acc\nts = available res\rce levels4 7b7 ,purposes ,! purposes ( ?is ,act are to-- 7#a7 elim9ate ! ?reat ( seque/ration to ! ,am]ican economy2 7#b7 (f] ! ,f$]al ,gov]nm5t1 indu/ry1 & ! ,am]ican p ! pr$ictability t economic recov]y dem&s2 7#c7 enable ! ,congress to pass appropriations legislation 9 regul> ord] ) a cle> discretion>y sp5d+ budget & grant ! legislative & executive bran*es ( gov]nm5t ! flexibility ne$$ to id5tify & implem5t specific discretion>y sp5d+ r$uctions 9 a responsible & delib]ate mann]2 & 7#d7 provide a practicable1 long-t]m discretion>y sp5d+ plan t w contribute to a compreh5sive1 balanc$1 long-t]m1 deficit r$uction solution t includes af=dable revisions to m&atory sp5d+ & new rev5ues4 #c4 ,repeal ( section #bea;,a seque/rations ,section #bea;,a ( ! ,balanc$ ,budget & ,em]g5cy ,deficit ,control ,act ( #aihe is repeal$4 #d4 #cbj billion r$uction 9 discretion>y sp5d+ limits ,! discretion>y sp5d+ limits set =? 9 p>agraphs 7#c7 ?r\gh 7#aj7 ( section #bea7;c7 ( ! ,balanc$ ,budget & ,em]g5cy ,deficit ,control ,act ( #aihe are am5d$ to read z foll[s3 7#c7 = fiscal ye> #bjad-- 7,a7 = ! security category1 #edf1jjj1jjj1jjj 9 budget au?ority2 & 7,b7 = ! nonsecurity category1 #eja1jjj1jjj1jjj 9 budget au?ority2 7#d7 ) respect to fiscal ye> #bjae-- 7,a7 = ! security category1 #eej1jjj1jjj1jjj 9 new budget au?ority2 & 7,b7 = ! nonsecurity category1 #eje1jjj1jjj1jjj 9 new budget au?ority2 7#e7 ) respect to fiscal ye> #bjaf-- 7,a7 = ! security category1 #eei1jjj1jjj1jjj 9 new budget au?ority2 & 7,b7 = ! nonsecurity category1 #eac1jjj1jjj1jjj 9 new budget au?ority2 7#f7 ) respect to fiscal ye> #bjag-- 7,a7 = ! security category1 #efi1jjj1jjj1jjj 9 new budget au?ority2 & 7,b7 = ! nonsecurity category1 #ebb1jjj1jjj1jjj 9 new budget au?ority2 7#g7 ) respect to fiscal ye> #bjah-- 7,a7 = ! security category1 #egi1jjj1jjj1jjj 9 new budget au?ority2 & 7,b7 = ! nonsecurity category1 #eca1jjj1jjj1jjj 9 new budget au?ority2 7#h7 ) respect to fiscal ye> #bjai-- 7,a7 = ! security category1 #ehi1ejj1jjj1jjj 9 new budget au?ority2 & 7,b7 = ! nonsecurity category1 #eda1jjj1jjj1jjj 9 new budget au?ority2 7#i7 ) respect to fiscal ye> #bjbj-- 7,a7 = ! security category1 #fjb1ejj1jjj1jjj 9 new budget au?ority2 & 7,b7 = ! nonsecurity category1 #eec1jjj1jjj1jjj 9 new budget au?ority2 7#aj7 ) respect to fiscal ye> #bjba-- 7,a7 = ! security category1 #faf1jjj1jjj1jjj 9 new budget au?ority2 & 7,b7 = ! nonsecurity category1 #efe1jjj1jjj1jjj 9 new budget au?ority2 4 #e4 ,def9ition ( security category ,section #bej7;c77#d77;,b7 ( ! ,balanc$ ,budget & ,em]g5cy ,deficit ,control ,act ( #aihe is am5d$ to read z foll[s3 7,b7 7i7 ,= fiscal ye>s #bjab & #bjac1 ! t]m security category means discretion>y appropriations associat$ ) ag5cy budgets = ! ,dep>tm5t ( ,def5se1 ! ,dep>tm5t ( ,homel& ,security1 ! ,dep>tm5t ( ,vet]ans ,affairs1 ! ,national ,nucle> ,security ,adm9i/ration1 ! intellig5ce community managem5t acc\nt 7#ie-jdja-j-a-jed71 & all budget acc\nts 9 budget function #aej 7int]national affairs74 7ii7 ,= fiscal ye>s #bjad ?r\gh #bjba1 ! t]m security category means discretion>y appropriations 9 budget function #jej 7national def5se74 4 #f4 ,susp5sion ( /atutory limit on ! public debt until ,febru>y #a1 #bjag ,section #b ( ! ,no ,budget1 ,no ,pay ,act ( #bjac is am5d$-- 7#a7 9 subsection 7a71 by /rik+ ,may #ah1 #bjac & ins]t+ ,janu>y #ca1 #bjag2 & 7#b7 9 subsection 7b71 by /rik+ ,may #ai1 #bjac ea* place x appe>s & ins]t+ ,febru>y #a1 #bjag4