Title I — S. 277 (Introduced in Senate)

(a)

In general— Part C of title II of the Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C. 900 et seq.) is amended—

(1)

by striking section 251(c) (2 U.S.C. 901(c)) and inserting the following:

“(c) Discretionary spending limit—As used in this part, the term “discretionary spending limit” means—

“(1) with respect to fiscal year 2012—

“(A) for the security category, $684,000,000,000 in new budget authority; and

“(B) for the nonsecurity category, $359,000,000,000 in new budget authority;

“(2) with respect to fiscal year 2013—

“(A) for the security category, $686,000,000,000 in new budget authority; and

“(B) for the nonsecurity category, $361,000,000,000 in new budget authority;

“(3) with respect to fiscal year 2014, for the discretionary category, $1,066,000,000,000 in new budget authority;

“(4) with respect to fiscal year 2015, for the discretionary category, $1,086,000,000,000 in new budget authority;

“(5) with respect to fiscal year 2016, for the discretionary category, $1,107,000,000,000 in new budget authority;

“(6) with respect to fiscal year 2017, for the discretionary category, $1,131,000,000,000 in new budget authority;

“(7) with respect to fiscal year 2018, for the discretionary category, $1,156,000,000,000 in new budget authority;

“(8) with respect to fiscal year 2019, for the discretionary category, $1,182,000,000,000 in new budget authority;

“(9) with respect to fiscal year 2020, for the discretionary category, $1,208,000,000,000 in new budget authority; and

“(10) with respect to fiscal year 2021, for the discretionary category, $1,234,000,000,000 in new budget authority;”

(2)

by striking section 251A (2 U.S.C. 901a); and

(3)

in the table of contents set forth in section 250(a), by striking the item relating to section 251A.

(b)

Technical and conforming amendment— Section 901(e) of the American Taxpayer Relief Act of 2012 (Public Law 112–240) is repealed.

Title I — Elimination of sequestration