TITLE 2 - US CODE - CHAPTER 20 - EMERGENCY POWERS TO ELIMINATE BUDGET DEFICITS

TITLE 2 - US CODE - SUBCHAPTER I - ELIMINATION OF DEFICITS IN EXCESS OF MAXIMUM DEFICIT AMOUNT

2 USC 900 - Statement of budget enforcement through sequestration; definitions

(a) Omitted 
(b) General statement of budget enforcement through sequestration 
This subchapter provides for budget enforcement as called for in House Concurrent Resolution 84 (105th Congress, 1st session).
(c) Definitions 
As used in this subchapter:
(1) The terms budget authority, new budget authority, outlays, and deficit have the meanings given to such terms in section 3 of the Congressional Budget and Impoundment Control Act of 1974 [2 U.S.C. 622] and discretionary spending limit shall mean the amounts specified in section 901 of this title.
(2) The terms sequester and sequestration refer to or mean the cancellation of budgetary resources provided by discretionary appropriations or direct spending law.
(3) The term breach means, for any fiscal year, the amount (if any) by which new budget authority or outlays for that year (within a category of discretionary appropriations) is above that categorys discretionary spending limit for new budget authority or outlays for that year, as the case may be.
(4) 
(A) The term category means the subsets of discretionary appropriations in section 901 (c) of this title. Discretionary appropriations in each of the categories shall be those designated in the joint explanatory statement accompanying the conference report on the Balanced Budget Act of 1997. New accounts or activities shall be categorized only after consultation with the committees[1] on Appropriations and the Budget of the House of Representatives and the Senate and that consultation shall, to the extent practicable, include written communication to such committees that affords such committees the opportunity to comment before official action is taken with respect to new accounts or activities.
(B) The term highway category refers to the following budget accounts or portions thereof that are subject to the obligation limitations on contract authority set forth in the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users:
(i) 69808307401 (Federal-Aid Highways).
(ii) 69802007401 (Highway Traffic Safety Grants).
(iii) 69804807401 (National Motor Carrier Safety Program).
(iv) 69801607401 (Operations and Research NHTSA).
(v) 69836207401 (National Driver Registry).
(vi) 69815907401 (Motor Carrier Safety Operations and Programs).
(vii) 06815807401 (Motor Carrier Safety Grants).
(C) Mass transit category.— 
The term mass transit category means the following budget accounts, or portions of the accounts, that are subject to the obligation limitations on contract authority provided in the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users or for which appropriations are provided in accordance with authorizations contained in that Act:
(i) 69112001401 (Administrative Expenses).
(ii) 69113401401 (Capital Investment Grants).
(iii) 69819107401 (Discretionary Grants).
(iv) 69112901401 (Formula Grants).
(v) 69112701401 (Interstate Transfer GrantsTransit).
(vi) 69112501401 (Job Access and Reverse Commute).
(vii) 69112201401 (Miscellaneous Expired Accounts).
(viii) 69112101401 (Research, Training and Human Resources).
(ix) 69835007401 (Trust Fund Share of Expenses).
(x) 69113701401 (Transit Planning and Research).
(xi) 69113601401 (University Transportation Research).
(xii) 69112801401 (Washington Metropolitan Area Transit Authority).
(D) Special rule.— 

(i) Any outlays in excess of the discretionary spending limit set forth in section 901 (c) of this title for the highway or mass transit category, as adjusted, for the budget year shall be considered nondefense category outlays or discretionary category outlays.
(ii) If the obligation limitations for accounts in the highway or mass transit category provided in an appropriation Act for a fiscal year exceed the obligation limitations set forth in section 8103 of the Transportation Equity Act for the 21st Century for that year, as adjusted, the estimated outlays flowing for each outyear from such excess obligations calculated pursuant to clause (iii) shall be attributed to the discretionary category in that outyear.
(iii) For purposes of clause (ii), outlays from excess obligations shall be determined using the average of the spendout rates for that category in the baseline.
(E) The term conservation spending category means discretionary appropriations for conservation activities in the following budget accounts or portions thereof providing appropriations to preserve and protect lands, habitat, wildlife, and other natural resources, to provide recreational opportunities, and for related purposes:
(i) 145033 Bureau of Land Management Land Acquisition.
(ii) 145020 Fish and Wildlife Service Land Acquisition.
(iii) 145035 National Park Service Land Acquisition and State Assistance.
(iv) 129923 Forest Service Land Acquisition.
(v) 145143 Fish and Wildlife Service Cooperative Endangered Species Conservation Fund.
(vi) 145241 Fish and Wildlife Service North American Wetlands Conservation Fund.
(vii) 141694 Fish and Wildlife Service State Wildlife Grants.
(viii) 140804 United States Geological Survey Surveys, Investigations, and Research, the State Planning Partnership programs: Community/Federal Information Partnership, Urban Dynamics, and Decision Support for Resource Management.
(ix) 121105 Forest Service State and Private Forestry, the Forest Legacy Program, Urban and Community Forestry, and Smart Growth Partnerships.
(x) 141031 National Park Service Urban Park and Recreation Recovery program.
(xi) 145140 National Park Service Historic Preservation Fund.
(xii) Youth Conservation Corps.
(xiii) 141114 Bureau of Land Management Payments in Lieu of Taxes.
(xiv) Federal Infrastructure Improvement (as established in title VIII of the Department of the Interior and Related Agencies Appropriations Act, 2001).
(xv) 131460 NOAA Procurement Acquisition and Construction, the National Marine Sanctuaries and the National Estuarine Research Reserve Systems.
(xvi) 131450 NOAA Operations, Research, and Facilities, the Coastal Zone Management Act programs, the National Marine Sanctuaries, the National Estuarine Research Reserve Systems, and Coral Restoration programs.
(xvii) 131451 NOAA Pacific Coastal Salmon Recovery.
(F) The term Federal and State Land and Water Conservation Fund sub-category means discretionary appropriations for activities in the accounts described in (E)(i)(E)(iv)[2] or portions thereof.
(G) The term State and Other Conservation sub-category means discretionary appropriations for activities in the accounts described in (E)(v)(E)(ix),[2] with the exception of Urban and Community Forestry as described in (E)(ix),[2] or portions thereof.
(H) The term Urban and Historic Preservation sub-category means discretionary appropriations for activities in the accounts described in (E)(ix)(E)(xii),[2] with the exception of Forest Legacy and Smart Growth Partnerships as described in (E)(ix),[2] or portions thereof.
(I) The term Payments in Lieu of Taxes sub-category means discretionary appropriations for activities in the account described in (E)(xiii)[2] or portions thereof.
(J) The term Federal Deferred Maintenance sub-category means discretionary appropriations for activities in the account described in (E)(xiv)[2] or portions thereof.
(K) The term Coastal Assistance sub-category means discretionary appropriations for activities in the accounts described in (E)(xv)(E)(xvii)[2] or portions thereof.
(5) The term baseline means the projection (described in section 907 of this title) of current-year levels of new budget authority, outlays, receipts, and the surplus or deficit into the budget year and the outyears.
(6) The term budgetary resources means new budget authority, unobligated balances, direct spending authority, and obligation limitations.
(7) The term discretionary appropriations means budgetary resources (except to fund direct-spending programs) provided in appropriation Acts.
(8) The term direct spending means
(A) budget authority provided by law other than appropriation Acts;
(B) entitlement authority; and
(C) the food stamp program.
(9) The term current means, with respect to OMB estimates included with a budget submission under section 1105 (a) of title 31, the estimates consistent with the economic and technical assumptions underlying that budget and with respect to estimates made after that budget submission that are not included with it, estimates consistent with the economic and technical assumptions underlying the most recently submitted Presidents budget.
(10) The term real economic growth, with respect to any fiscal year, means the growth in the gross national product during such fiscal year, adjusted for inflation, consistent with Department of Commerce definitions.
(11) The term account means an item for which appropriations are made in any appropriation Act and, for items not provided for in appropriation Acts, such term means an item for which there is a designated budget account identification code number in the Presidents budget.
(12) The term budget year means, with respect to a session of Congress, the fiscal year of the Government that starts on October 1 of the calendar year in which that session begins.
(13) The term current year means, with respect to a budget year, the fiscal year that immediately precedes that budget year.
(14) The term outyear means, with respect to a budget year, any of the first 4 fiscal years that follow the budget year.
(15) The term OMB means the Director of the Office of Management and Budget.
(16) The term CBO means the Director of the Congressional Budget Office.
(17) As used in this subchapter, all references to entitlement authority shall include the list of mandatory appropriations included in the joint explanatory statement of managers accompanying the conference report on the Balanced Budget Act of 1997.
(18) The term deposit insurance refers to the expenses[3] the Federal deposit insurance agencies, and other Federal agencies supervising insured depository institutions, resulting from full funding of, and continuation of, the deposit insurance guarantee commitment in effect under current estimates.
(19) The term asset sale means the sale to the public of any asset (except for those assets covered by title V of the Congressional Budget Act of 1974 [2 U.S.C. 661 et seq.]), whether physical or financial, owned in whole or in part by the United States.
[1] So in original. Probably should be capitalized.
[2] So in original. Probably should be preceded by “subparagraph”.
[3] So in original. Probably should be followed by “of”.

2 USC 901 - Enforcing discretionary spending limits

(a) Enforcement 

(1) Sequestration 
Within 15 calendar days after Congress adjourns to end a session and on the same day as a sequestration (if any) under section 902 of this title and section 903 of this title, there shall be a sequestration to eliminate a budget-year breach, if any, within any category.
(2) Eliminating a breach 
Each non-exempt account within a category shall be reduced by a dollar amount calculated by multiplying the baseline level of sequestrable budgetary resources in that account at that time by the uniform percentage necessary to eliminate a breach within that category; except that the health programs set forth in section 906 (e) of this title shall not be reduced by more than 2 percent and the uniform percent applicable to all other programs under this paragraph shall be increased (if necessary) to a level sufficient to eliminate that breach. If, within a category, the discretionary spending limits for both new budget authority and outlays are breached, the uniform percentage shall be calculated by
(A) first, calculating the uniform percentage necessary to eliminate the breach in new budget authority, and
(B) second, if any breach in outlays remains, increasing the uniform percentage to a level sufficient to eliminate that breach.
(3) Military personnel 
If the President uses the authority to exempt any military personnel from sequestration under section 905 (f) of this title, each account within subfunctional category 051 (other than those military personnel accounts for which the authority provided under section 905 (f) of this title has been exercised) shall be further reduced by a dollar amount calculated by multiplying the enacted level of non-exempt budgetary resources in that account at that time by the uniform percentage necessary to offset the total dollar amount by which outlays are not reduced in military personnel accounts by reason of the use of such authority.
(4) Part-year appropriations 
If, on the date specified in paragraph (1), there is in effect an Act making or continuing appropriations for part of a fiscal year for any budget account, then the dollar sequestration calculated for that account under paragraphs (2) and (3) shall be subtracted from
(A) the annualized amount otherwise available by law in that account under that or a subsequent part-year appropriation; and
(B) when a full-year appropriation for that account is enacted, from the amount otherwise provided by the full-year appropriation.
(5) Look-back 
If, after June 30, an appropriation for the fiscal year in progress is enacted that causes a breach within a category for that year (after taking into account any sequestration of amounts within that category), the discretionary spending limits for that category for the next fiscal year shall be reduced by the amount or amounts of that breach.
(6) Within-session sequestration 
If an appropriation for a fiscal year in progress is enacted (after Congress adjourns to end the session for that budget year and before July 1 of that fiscal year) that causes a breach within a category for that year (after taking into account any prior sequestration of amounts within that category), 15 days later there shall be a sequestration to eliminate that breach within that category following the procedures set forth in paragraphs (2) through (4).
(7) Estimates 

(A) CBO estimates 
As soon as practicable after Congress completes action on any discretionary appropriation, CBO, after consultation with the Committees on the Budget of the House of Representatives and the Senate, shall provide OMB with an estimate of the amount of discretionary new budget authority and outlays for the current year (if any) and the budget year provided by that legislation.
(B) OMB estimates and explanation of differences 
Not later than 7 calendar days (excluding Saturdays, Sundays, and legal holidays) after the date of enactment of any discretionary appropriation, OMB shall transmit a report to the House of Representatives and to the Senate containing the CBO estimate of that legislation, an OMB estimate of the amount of discretionary new budget authority and outlays for the current year (if any) and the budget year provided by that legislation, and an explanation of any difference between the 2 estimates. If during the preparation of the report OMB determines that there is a significant difference between OMB and CBO, OMB shall consult with the Committees on the Budget of the House of Representatives and the Senate regarding that difference and that consultation shall include, to extent practicable, written communication to those committees that affords such committees the opportunity to comment before the issuance of the report.
(C) Assumptions and guidelines 
OMB estimates under this paragraph shall be made using current economic and technical assumptions. OMB shall use the OMB estimates transmitted to the Congress under this paragraph. OMB and CBO shall prepare estimates under this paragraph in conformance with scorekeeping guidelines determined after consultation among the House and Senate Committees on the Budget, CBO, and OMB.
(D) Annual appropriations 
For purposes of this paragraph, amounts provided by annual appropriations shall include any new budget authority and outlays for the current year (if any) and the budget year in accounts for which funding is provided in that legislation that result from previously enacted legislation.
(b) Adjustments to discretionary spending limits 

(1) Preview report 

(A) Concepts and definitions.— 
When the President submits the budget under section 1105 of title 31, OMB shall calculate and the budget shall include adjustments to discretionary spending limits (and those limits as cumulatively adjusted) for the budget year and each outyear to reflect changes in concepts and definitions. Such changes shall equal the baseline levels of new budget authority and outlays using up-to-date concepts and definitions minus those levels using the concepts and definitions in effect before such changes. Such changes may only be made after consultation with the committees[1] on Appropriations and the Budget of the House of Representatives and the Senate and that consultation shall include written communication to such committees that affords such committees the opportunity to comment before official action is taken with respect to such changes.
(B) Adjustment to align highway spending with revenues.— 

(i) When the President submits the budget under section 1105 of title 31, OMB shall calculate and the budget shall make adjustments to the highway category for the budget year and each outyear as provided in clause (ii)(I)(cc).
(ii) 
(I) 
(aa) OMB shall take the actual level of highway receipts for the year before the current year and subtract the sum of the estimated level of highway receipts in subclause (II) plus any amount previously calculated under item (bb) for that year.
(bb) OMB shall take the current estimate of highway receipts for the current year and subtract the estimated level of receipts for that year.
(cc) OMB shall add one-half of the sum of the amount calculated under items (aa) and (bb) to the obligation limitations set forth in the section 8003 of the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users and, using current estimates, calculate the outlay change resulting from the change in obligations for the budget year and the first outyear and the outlays flowing therefrom through subsequent fiscal years. After making the calculations under the preceding sentence, OMB shall adjust the amount of obligations set forth in that section for the budget year and the first outyear by adding one-half of the sum of the amount calculated under items (aa) and (bb) to each such year.
(II) The estimated level of highway receipts for the purposes of this clause are
(aa) for fiscal year 2005, $31,562,000,000;
(bb) for fiscal year 2006, $33,712,000,000;
(cc) for fiscal year 2007, $34,623,000,000[2]
(dd) for fiscal year 2008, $35,449,000,000; and
(ee) for fiscal year 2009, $36,220,000,000.
(III) In this clause, the term highway receipts means the governmental receipts credited to the highway account of the Highway Trust Fund.
(C) In addition to the adjustment required by subparagraph (B), when the President submits the budget under section 1105 of title 31 for fiscal year 2007, 2008, or 2009, OMB shall calculate and the budget shall include for the budget year and each outyear an adjustment to the limits on outlays for the highway category and the mass transit category equal to
(i) the outlays for the applicable category calculated assuming obligation levels consistent with the estimates prepared pursuant to subparagraph (D), as adjusted, using current technical assumptions; minus
(ii) the outlays for the applicable category set forth in the subparagraph (D) estimates, as adjusted.
(D) 
(i) When OMB and CBO submit their final sequester report for fiscal year 2006, that report shall include an estimate of the outlays for each of the categories that would result in fiscal years 2007 through 2010 from obligations at the levels specified in section 8003 of the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users using current assumptions.
(ii) When the President submits the budget under section 1105 of title 31 for fiscal year 2007, 2008, 2009, or 2010, OMB shall adjust the estimates made in clause (i) by the adjustments by subparagraphs (B) and (C).
(E) OMB shall consult with the Committees on the Budget and include a report on adjustments under subparagraphs (B) and (C) in the preview report.
(2) Sequestration reports 
When OMB submits a sequestration report under section 904 (e), (f), or (g) of this title for a fiscal year, OMB shall calculate, and the sequestration report and subsequent budgets submitted by the President under section 1105 (a) of title 31 shall include adjustments to discretionary spending limits (and those limits as adjusted) for the fiscal year and each succeeding year, as follows:
(A) Emergency appropriations 
If, for any fiscal year, appropriations for discretionary accounts are enacted that the President designates as emergency requirements and that the Congress so designates in statute, the adjustment shall be the total of such appropriations in discretionary accounts designated as emergency requirements and the outlays flowing in all fiscal years from such appropriations. This subparagraph shall not apply to appropriations to cover agricultural crop disaster assistance.
(B) Special outlay allowance 
If, in any fiscal year, outlays for a category exceed the discretionary spending limit for that category but new budget authority does not exceed its limit for that category (after application of the first step of a sequestration described in subsection (a)(2) of this section, if necessary), the adjustment in outlays for a fiscal year is the amount of the excess but not to exceed 0.5 percent of the sum of the adjusted discretionary spending limits on outlays for that fiscal year.
(C) Continuing disability reviews 

(i) If a bill or joint resolution making appropriations for a fiscal year is enacted that specifies an amount for continuing disability reviews under the heading Limitation on Administrative Expenses for the Social Security Administration, the adjustments for that fiscal year shall be the additional new budget authority provided in that Act for such reviews for that fiscal year and the additional outlays flowing from such amounts, but shall not exceed
(I) for fiscal year 1998, $290,000,000 in additional new budget authority and $338,000,000 in additional outlays;
(II) for fiscal year 1999, $520,000,000 in additional new budget authority and $520,000,000 in additional outlays;
(III) for fiscal year 2000, $520,000,000 in additional new budget authority and $520,000,000 in additional outlays;
(IV) for fiscal year 2001, $520,000,000 in additional new budget authority and $520,000,000 in additional outlays; and
(V) for fiscal year 2002, $520,000,000 in additional new budget authority and $520,000,000 in additional outlays.
(ii) As used in this subparagraph
(I) the term continuing disability reviews means reviews or redeterminations as defined under section 401 (g)(1)(A) of title 42 and reviews and redeterminations authorized under section 211 of the Personal Responsibility and Work Opportunity Reconciliation Act of 1996;
(II) the term additional new budget authority means the amount provided for a fiscal year, in excess of $200,000,000, in an appropriations Act and specified to pay for the costs of continuing disability reviews under the heading Limitation on Administrative Expenses for the Social Security Administration; and
(III) the term additional outlays means outlays, in excess of $200,000,000 in a fiscal year, flowing from the amounts specified for continuing disability reviews under the heading Limitation on Administrative Expenses for the Social Security Administration, including outlays in that fiscal year flowing from amounts specified in Acts enacted for prior fiscal years (but not before 1996).
(D) Allowance for IMF 
If an appropriation bill or joint resolution is enacted for a fiscal year through 2002 that includes an appropriation with respect to clause (i) or (ii), the adjustment shall be the amount of budget authority in the measure that is the dollar equivalent of the Special Drawing Rights with respect to
(i) an increase in the United States quota as part of the International Monetary Fund Eleventh General Review of Quotas (United States Quota); or
(ii) any increase in the maximum amount available to the Secretary of the Treasury pursuant to section 286e–2 of title 22, as amended from time to time (New Arrangements to Borrow).
(E) Allowance for international arrearages 

(i) Adjustments If an appropriation bill or joint resolution is enacted for fiscal year 1998, 1999, or 2000 that includes an appropriation for arrearages for international organizations, international peacekeeping, and multilateral development banks for that fiscal year, the adjustment shall be the amount of budget authority in that measure and the outlays flowing in all fiscal years from that budget authority.
(ii) Limitations The total amount of adjustments made pursuant to this subparagraph for the period of fiscal years 1998 through 2000 shall not exceed $1,884,000,000 in budget authority.
(F) EITC compliance initiative 
If an appropriation bill or joint resolution is enacted for a fiscal year that includes an appropriation for an earned income tax credit compliance initiative, the adjustment shall be the amount of budget authority in that measure for that initiative and the outlays flowing in all fiscal years from that budget authority, but not to exceed
(i) with respect to fiscal year 1998, $138,000,000 in new budget authority and $131,000,000 in outlays;
(ii) with respect to fiscal year 1999, $143,000,000 in new budget authority and $143,000,000 in outlays;
(iii) with respect to fiscal year 2000, $144,000,000 in new budget authority and $144,000,000 in outlays;
(iv) with respect to fiscal year 2001, $145,000,000 in new budget authority and $145,000,000 in outlays; and
(v) with respect to fiscal year 2002, $146,000,000 in new budget authority and $146,000,000 in outlays.
(G) Adoption incentive payments 
Whenever a bill or joint resolution making appropriations for fiscal year 1999, 2000, 2001, 2002, or 2003 is enacted that specifies an amount for adoption incentive payments pursuant to this subchapter for the Department of Health and Human Services
(i) the adjustments for new budget authority shall be the amounts of new budget authority provided in that measure for adoption incentive payments, but not to exceed $20,000,000; and
(ii) the adjustment for outlays shall be the additional outlays flowing from such amount.
(H) Conservation spending 

(i) If a bill or resolution making appropriations for any fiscal year appropriates an amount for the conservation spending category that is less than the limit for the conservation spending category as specified in subsection (c) of this section, then the adjustment for new budget authority and outlays for the following fiscal year for that category shall be the amount of new budget authority and outlays that equals the difference between the amount appropriated and the amount of that category specified in subsection (c) of this section.
(ii) If a bill or resolution making appropriations for any fiscal year appropriates an amount for any conservation spending sub-category that is less than the limit for that conservation spending sub-category as specified in subsections (c)(11)(c)(16)[3] of this section, then the adjustment for new budget authority for the following fiscal year for that sub-category shall be the amount of new budget authority that equals the difference between the amount appropriated and the amount of that sub-category specified in subsection (c)(11)(c)(16)[3] of this section.
(iii) The total amount provided for any conservation activity within the conservation spending category may not exceed any authorized ceiling for that activity.
(c) Discretionary spending limit 
As used in this subchapter, the term discretionary spending limit means
(1) with respect to fiscal year 2005
(A) for the highway category: $31,277,000,000 in outlays;
(B) for the mass transit category: $955,792,000 in new budget authority and $6,674,000,000 in outlays;
(2) with respect to fiscal year 2006
(A) for the highway category: $33,942,000,000 in outlays;
(B) for the mass transit category: $1,643,000,000 in new budget authority and $7,359,000,000 in outlays;
(3) with respect to fiscal year 2007
(A) for the highway category: $36,960,000,000 in outlays;
(B) for the mass transit category: $1,712,000,000 in new budget authority and $8,120,000,000 in outlays;
(4) with respect to fiscal year 2008
(A) for the highway category: $39,123,000,000 in outlays;
(B) for the mass transit category: $1,858,000,000 in new budget authority and $8,742,000,000 in outlays;
(5) with respect to fiscal year 2009
(A) for the highway category: $40,660,000,000 in outlays;
(B) for the mass transit category: $1,977,500,000 in new budget authority and $9,180,000,000 in outlays;
(6) with respect to fiscal year 2005 for the conservation spending category: $2,240,000,000, in new budget authority and $2,192,000,000 in outlays;
(7) with respect to fiscal year 2006 for the conservation spending category: $2,400,000,000, in new budget authority and $2,352,000,000 in outlays;
(8) with respect to each fiscal year 2002 through 2006 for the Federal and State Land and Water Conservation Fund sub-category of the conservation spending category: $540,000,000 in new budget authority and the outlays flowing therefrom;
(9) with respect to each fiscal year 2002 through 2006 for the State and Other Conservation sub-category of the conservation spending category: $300,000,000 in new budget authority and the outlays flowing therefrom;
(10) with respect to each fiscal year 2002 through 2006 for the Urban and Historic Preservation sub-category of the conservation spending category: $160,000,000 in new budget authority and the outlays flowing therefrom;
(11) with respect to each fiscal year 2002 through 2006 for the Payments in Lieu of Taxes sub-category of the conservation spending category: $50,000,000 in new budget authority and the outlays flowing therefrom;
(12) with respect to each fiscal year 2002 through 2006 for the Federal Deferred Maintenance sub-category of the conservation spending category: $150,000,000 in new budget authority and the outlays flowing therefrom;
(13) with respect to fiscal year 2002 for the Coastal Assistance sub-category of the conservation spending category: $440,000,000 in new budget authority and the outlays flowing therefrom; with respect to fiscal year 2003 for the Coastal Assistance sub-category of the conservation spending category: $480,000,000 in new budget authority and the outlays flowing therefrom; with respect to fiscal year 2004 for the Coastal Assistance sub-category of the conservation spending category: $520,000,000 in new budget authority and the outlays flowing therefrom; with respect to fiscal year 2005 for the Coastal Assistance sub-category of the conservation spending category: $560,000,000 in new budget authority and the outlays flowing therefrom; and with respect to fiscal year 2006 for the Coastal Assistance sub-category of the conservation spending category: $600,000,000 in new budget authority and the outlays flowing therefrom;

as adjusted in strict conformance with subsection (b) of this section.

[1] So in original. Probably should be capitalized.
[2] So in original. Probably should be followed by a semicolon.
[3] See References in Text note below.

2 USC 901a - Repealed. Pub. L. 10533, title X, 10204(a)(1), Aug. 5, 1997, 111 Stat. 702

Section, Pub. L. 99–177, title II, § 251A, as added Pub. L. 103–322, title XXXI, § 310001(g)(1), Sept. 13, 1994, 108 Stat. 2104, related to sequestration with respect to Violent Crime Reduction Trust Fund.

2 USC 902 - Enforcing pay-as-you-go

(a) Purpose 
The purpose of this section is to assure that any legislation enacted before October 1, 2002, affecting direct spending or receipts that increases the deficit will trigger an offsetting sequestration.
(b) Sequestration 

(1) Timing 
Not later than 15 calendar days after the date Congress adjourns to end a session and on the same day as a sequestration (if any) under section 901 or 903 of this title, there shall be a sequestration to offset the amount of any net deficit increase caused by all direct spending and receipts legislation enacted before October 1, 2002, as calculated under paragraph (2).
(2) Calculation of deficit increase 
OMB shall calculate the amount of deficit increase or decrease by adding
(A) all OMB estimates for the budget year of direct spending and receipts legislation transmitted under subsection (d) of this section;
(B) the estimated amount of savings in direct spending programs applicable to budget year resulting from the prior years sequestration under this section or section 903 of this title, if any, as published in OMBs final sequestration report for that prior year; and
(C) any net deficit increase or decrease in the current year resulting from all OMB estimates for the current year of direct spending and receipts legislation transmitted under subsection (d) of this section that were not reflected in the final OMB sequestration report for the current year.
(c) Eliminating a deficit increase 

(1) The amount required to be sequestered in a fiscal year under subsection (b) of this section shall be obtained from non-exempt direct spending accounts from actions taken in the following order:
(A) First 
All reductions in automatic spending increases specified in section 906 (a) of this title shall be made.
(B) Second 
If additional reductions in direct spending accounts are required to be made, the maximum reductions permissible under sections 906 (b) of this title (guaranteed and direct student loans) and 906(c) of this title (foster care and adoption assistance) shall be made.
(C) Third 

(i) If additional reductions in direct spending accounts are required to be made, each remaining non-exempt direct spending account shall be reduced by the uniform percentage necessary to make the reductions in direct spending required by paragraph (1); except that the medicare programs specified in section 906 (d) of this title shall not be reduced by more than 4 percent and the uniform percentage applicable to all other direct spending programs under this paragraph shall be increased (if necessary) to a level sufficient to achieve the required reduction in direct spending.
(ii) For purposes of determining reductions under clause (i), outlay reductions (as a result of sequestration of Commodity Credit Corporation commodity price support contracts in the fiscal year of a sequestration) that would occur in the following fiscal year shall be credited as outlay reductions in the fiscal year of the sequestration.
(2) For purposes of this subsection, accounts shall be assumed to be at the level in the baseline.
(d) Estimates 

(1) CBO estimates 
As soon as practicable after Congress completes action on any direct spending or receipts legislation, CBO shall provide an estimate to OMB of that legislation.
(2) OMB estimates 
Not later than 7 calendar days (excluding Saturdays, Sundays, and legal holidays) after the date of enactment of any direct spending or receipts legislation, OMB shall transmit a report to the House of Representatives and to the Senate containing
(A) the CBO estimate of that legislation;
(B) an OMB estimate of that legislation using current economic and technical assumptions; and
(C) an explanation of any difference between the 2 estimates.
(3) Significant differences 
If during the preparation of the report under paragraph (2) OMB determines that there is a significant difference between the OMB and CBO estimates, OMB shall consult with the Committees on the Budget of the House of Representatives and the Senate regarding that difference and that consultation, to the extent practicable, shall include written communication to such committees that affords such committees the opportunity to comment before the issuance of that report.
(4) Scope of estimates 
The estimates under this section shall include the amount of change in outlays or receipts for the current year (if applicable), the budget year, and each outyear excluding any amounts resulting from
(A) full funding of, and continuation of, the deposit insurance guarantee commitment in effect under current estimates; and
(B) emergency provisions as designated under subsection (e) of this section.
(5) Scorekeeping guidelines 
OMB and CBO, after consultation with each other and the Committees on the Budget of the House of Representatives and the Senate, shall
(A) determine common scorekeeping guidelines; and
(B) in conformance with such guidelines, prepare estimates under this section.
(e) Emergency legislation 
If a provision of direct spending or receipts legislation is enacted that the President designates as an emergency requirement and that the Congress so designates in statute, the amounts of new budget authority, outlays, and receipts in all fiscal years resulting from that provision shall be designated as an emergency requirement in the reports required under subsection (d) of this section. This subsection shall not apply to direct spending provisions to cover agricultural crop disaster assistance.

2 USC 903 - Enforcing deficit targets

(a) Sequestration 
Within 15 calendar days after Congress adjourns to end a session (other than of the One Hundred First Congress) and on the same day as a sequestration (if any) under section 901 of this title and section 902 of this title, but after any sequestration required by section 901 of this title (enforcing discretionary spending limits) or section 902 of this title (enforcing pay-as-you-go), there shall be a sequestration to eliminate the excess deficit (if any remains) if it exceeds the margin.
(b) Excess deficit; margin 
The excess deficit is, if greater than zero, the estimated deficit for the budget year, minus
(1) the maximum deficit amount for that year;
(2) the amounts for that year designated as emergency direct spending or receipts legislation under section 902 (e) of this title; and
(3) for any fiscal year in which there is not a full adjustment for technical and economic reestimates, the deposit insurance reestimate for that year, if any, calculated under subsection (h) of this section.

The margin for fiscal year 1992 or 1993 is zero and for fiscal year 1994 or 1995 is $15,000,000,000.

(c) Dividing sequestration 
To eliminate the excess deficit in a budget year, half of the required outlay reductions shall be obtained from non-exempt defense accounts (accounts designated as function 050 in the Presidents fiscal year 1991 budget submission) and half from non-exempt, non-defense accounts (all other non-exempt accounts).
(d) Defense 
Each non-exempt defense account shall be reduced by a dollar amount calculated by multiplying the level of sequestrable budgetary resources in that account at that time by the uniform percentage necessary to carry out subsection (c) of this section, except that, if any military personnel are exempt, adjustments shall be made under the procedure set forth in section 901 (a)(3) of this title.
(e) Non-defense 
Actions to reduce non-defense accounts shall be taken in the following order:
(1) First 
All reductions in automatic spending increases under section 906 (a) of this title shall be made.
(2) Second 
If additional reductions in non-defense accounts are required to be made, the maximum reduction permissible under sections 906 (b) of this title (guaranteed student loans) and 906(c) of this title (foster care and adoption assistance) shall be made.
(3) Third 

(A) If additional reductions in non-defense accounts are required to be made, each remaining non-exempt, non-defense account shall be reduced by the uniform percentage necessary to make the reductions in non-defense outlays required by subsection (c) of this section, except that
(i) the medicare program specified in section 906 (d) of this title shall not be reduced by more than 2 percent in total including any reduction of less than 2 percent made under section 902 of this title or, if it has been reduced by 2 percent or more under section 902 of this title, it may not be further reduced under this section; and
(ii) the health programs set forth in section 906 (e) of this title shall not be reduced by more than 2 percent in total (including any reduction made under section 901 of this title),

and the uniform percent applicable to all other programs under this subsection shall be increased (if necessary) to a level sufficient to achieve the required reduction in non-defense outlays.

(B) For purposes of determining reductions under subparagraph (A), outlay reduction (as a result of sequestration of Commodity Credit Corporation commodity price support contracts in the fiscal year of a sequestration) that would occur in the following fiscal year shall be credited as outlay reductions in the fiscal year of the sequestration.
(f) Baseline assumptions; part-year appropriations 

(1) Budget assumptions 
For purposes of subsections (b), (c), (d), and (e) of this section, accounts shall be assumed to be at the level in the baseline minus any reductions required to be made under sections 901 and 902 of this title.
(2) Part-year appropriations 
If, on the date specified in subsection (a) of this section, there is in effect an Act making or continuing appropriations for part of a fiscal year for any non-exempt budget account, then the dollar sequestration calculated for that account under subsection (d) or (e) of this section, as applicable, shall be subtracted from
(A) the annualized amount otherwise available by law in that account under that or a subsequent part-year appropriation; and
(B) when a full-year appropriation for that account is enacted, from the amount otherwise provided by the full-year appropriation; except that the amount to be sequestered from that account shall be reduced (but not below zero) by the savings achieved by that appropriation when the enacted amount is less than the baseline for that account.
(g) Adjustments to maximum deficit amounts 

(1) Adjustments 

(A) When the President submits the budget for fiscal year 1992, the maximum deficit amounts for fiscal years 1992, 1993, 1994, and 1995 shall be adjusted to reflect up-to-date reestimates of economic and technical assumptions and any changes in concepts or definitions. When the President submits the budget for fiscal year 1993, the maximum deficit amounts for fiscal years 1993, 1994, and 1995 shall be further adjusted to reflect up-to-date reestimates of economic and technical assumptions and any changes in concepts or definitions.
(B) When submitting the budget for fiscal year 1994, the President may choose to adjust the maximum deficit amounts for fiscal years 1994 and 1995 to reflect up-to-date reestimates of economic and technical assumptions. If the President chooses to adjust the maximum deficit amount when submitting the fiscal year 1994 budget, the President may choose to invoke the same adjustment procedure when submitting the budget for fiscal year 1995. In each case, the President must choose between making no adjustment or the full adjustment described in paragraph (2). If the President chooses to make that full adjustment, then those procedures for adjusting discretionary spending limits described in sections 901 (b)(1)(C)1 and 901 (b)(2)(E)1 of this title, otherwise applicable through fiscal year 1993 or 1994 (as the case may be), shall be deemed to apply for fiscal year 1994 (and 1995 if applicable).
(C) When the budget for fiscal year 1994 or 1995 is submitted and the sequestration reports for those years under section 904 of this title are made (as applicable), if the President does not choose to make the adjustments set forth in subparagraph (B), the maximum deficit amount for that fiscal year shall be adjusted by the amount of the adjustment to discretionary spending limits first applicable for that year (if any) under section 901 (b) of this title.
(D) For each fiscal year the adjustments required to be made with the submission of the Presidents budget for that year shall also be made when OMB submits the sequestration update report and the final sequestration report for that year, but OMB shall continue to use the economic and technical assumptions in the Presidents budget for that year. Each adjustment shall be made by increasing or decreasing the maximum deficit amounts set forth in section 6651 of this title.
(2) Calculations of adjustments 
The required increase or decrease shall be calculated as follows:
(A) The baseline deficit or surplus shall be calculated using up-to-date economic and technical assumptions, using up-to-date concepts and definitions, and, in lieu of the baseline levels of discretionary appropriations, using the discretionary spending limits set forth in section 6651 of this title as adjusted under section 901 of this title.
(B) The net deficit increase or decrease caused by all direct spending and receipts legislation enacted after November 5, 1990 (after adjusting for any sequestration of direct spending accounts) shall be calculated for each fiscal year by adding
(i) the estimates of direct spending and receipts legislation transmitted under section 902 (d) of this title applicable to each such fiscal year; and
(ii) the estimated amount of savings in direct spending programs applicable to each such fiscal year resulting from the prior years sequestration under this section or section 902 of this title of direct spending, if any, as contained in OMBs final sequestration report for that year.
(C) The amount calculated under subparagraph (B) shall be subtracted from the amount calculated under subparagraph (A).
(D) The maximum deficit amount set forth in section 6651 of this title shall be subtracted from the amount calculated under subparagraph (C).
(E) The amount calculated under subparagraph (D) shall be the amount of the adjustment required by paragraph (1).
(h) Treatment of deposit insurance 

(1) Initial estimates 
The initial estimates of the net costs of federal deposit insurance for fiscal year 1994 and fiscal year 1995 (assuming full funding of, and continuation of, the deposit insurance guarantee commitment in effect on the date of the submission of the budget for fiscal year 1993) shall be set forth in that budget.
(2) Reestimates 
For fiscal year 1994 and fiscal year 1995, the amount of the reestimate of deposit insurance costs shall be calculated by subtracting the amount set forth under paragraph (1) for that year from the current estimate of deposit insurance costs (but assuming full funding of, and continuation of, the deposit insurance guarantee commitment in effect on the date of submission of the budget for fiscal year 1993).
[1] See References in Text note below.

2 USC 904 - Reports and orders

(a) Timetable 
The timetable with respect to this subchapter for any budget year is as follows:
(b) Submission and availability of reports 
Each report required by this section shall be submitted, in the case of CBO, to the House of Representatives, the Senate and OMB and, in the case of OMB, to the House of Representatives, the Senate, and the President on the day it is issued. On the following day a notice of the report shall be printed in the Federal Register.
(c) Sequestration preview reports 

(1) Reporting requirement 
On the dates specified in subsection (a) of this section, OMB and CBO shall issue a preview report regarding discretionary, pay-as-you-go, and deficit sequestration based on laws enacted through those dates.
(2) Discretionary sequestration report 
The preview reports shall set forth estimates for the current year and each subsequent year through 2002 of the applicable discretionary spending limits for each category and an explanation of any adjustments in such limits under section 901 of this title.
(3) Pay-as-you-go sequestration reports 
The preview reports shall set forth, for the current year and the budget year, estimates for each of the following:
(A) The amount of net deficit increase or decrease, if any, calculated under subsection 902(b) of this title.
(B) A list identifying each law enacted and sequestration implemented after November 5, 1990, included in the calculation of the amount of deficit increase or decrease and specifying the budgetary effect of each such law.
(C) The sequestration percentage or (if the required sequestration percentage is greater than the maximum allowable percentage for medicare) percentages necessary to eliminate a deficit increase under section 902 (c) of this title.
(4) Deficit sequestration reports 
The preview reports shall set forth for the budget year estimates for each of the following:
(A) The maximum deficit amount, the estimated deficit calculated under section 903 (b) of this title, the excess deficit, and the margin.
(B) The amount of reductions required under section 902 of this title, the excess deficit remaining after those reductions have been made, and the amount of reductions required from defense accounts and the reductions required from non-defense accounts.
(C) The sequestration percentage necessary to achieve the required reduction in defense accounts under section 903 (d) of this title.
(D) The reductions required under sections 903 (e)(1) and 903 (e)(2) of this title.
(E) The sequestration percentage necessary to achieve the required reduction in non-defense accounts under section 903 (e)(3) of this title.

The CBO report need not set forth the items other than the maximum deficit amount for fiscal year 1992, 1993, or any fiscal year for which the President notifies the House of Representatives and the Senate that he will adjust the maximum deficit amount under the option under section 903 (g)(1)(B) of this title.

(5) Explanation of differences 
The OMB reports shall explain the differences between OMB and CBO estimates for each item set forth in this subsection.
(d) Notification regarding military personnel 
On or before the date specified in subsection (a) of this section, the President shall notify the Congress of the manner in which he intends to exercise flexibility with respect to military personnel accounts under section 905 (f) of this title.
(e) Sequestration update reports 
On the dates specified in subsection (a) of this section, OMB and CBO shall issue a sequestration update report, reflecting laws enacted through those dates, containing all of the information required in the sequestration preview reports.
(f) Final sequestration reports 

(1) Reporting requirement 
On the dates specified in subsection (a) of this section, OMB and CBO shall issue a final sequestration report, updated to reflect laws enacted through those dates.
(2) Discretionary sequestration reports 
The final reports shall set forth estimates for each of the following:
(A) For the current year and each subsequent year through 2002 the applicable discretionary spending limits for each category and an explanation of any adjustments in such limits under section 901 of this title.
(B) For the current year and the budget year the estimated new budget authority and outlays for each category and the breach, if any, in each category.
(C) For each category for which a sequestration is required, the sequestration percentages necessary to achieve the required reduction.
(D) For the budget year, for each account to be sequestered, estimates of the baseline level of sequestrable budgetary resources and resulting outlays and the amount of budgetary resources to be sequestered and resulting outlay reductions.
(3) Pay-as-you-go and deficit sequestration reports 
The final reports shall contain all the information required in the pay-as-you-go and deficit sequestration preview reports. In addition, these reports shall contain, for the budget year, for each account to be sequestered, estimates of the baseline level of sequestrable budgetary resources and resulting outlays and the amount of budgetary resources to be sequestered and resulting outlay reductions. The reports shall also contain estimates of the effects on outlays of the sequestration in each outyear for direct spending programs.
(4) Explanation of differences 
The OMB report shall explain any differences between OMB and CBO estimates of the amount of any net deficit change calculated under subsection[1] 902(b) of this title, any excess deficit, any breach, and any required sequestration percentage. The OMB report shall also explain differences in the amount of sequesterable[2] resources for any budget account to be reduced if such difference is greater than $5,000,000.
(5) Presidential order 
On the date specified in subsection (a) of this section, if in its final sequestration report OMB estimates that any sequestration is required, the President shall issue an order fully implementing without change all sequestrations required by the OMB calculations set forth in that report. This order shall be effective on issuance.
(g) Within-session sequestration reports and order 
If an appropriation for a fiscal year in progress is enacted (after Congress adjourns to end the session for that budget year and before July 1 of that fiscal year) that causes a breach, 10 days later CBO shall issue a report containing the information required in paragraph (f)(2). Fifteen days after enactment, OMB shall issue a report containing the information required in paragraphs (f)(2) and (f)(4). On the same day as the OMB report, the President shall issue an order fully implementing without change all sequestrations required by the OMB calculations set forth in that report. This order shall be effective on issuance.
(h) GAO compliance report 
Upon request of the Committee on the Budget of the House of Representatives or the Senate, the Comptroller General shall submit to the Congress and the President a report on
(1) the extent to which each order issued by the President under this section complies with all of the requirements contained in this subchapter, either certifying that the order fully and accurately complies with such requirements or indicating the respects in which it does not; and
(2) the extent to which each report issued by OMB or CBO under this section complies with all of the requirements contained in this subchapter, either certifying that the report fully and accurately complies with such requirements or indicating the respects in which it does not.
(i) Low-growth report 
At any time, CBO shall notify the Congress if
(1) during the period consisting of the quarter during which such notification is given, the quarter preceding such notification, and the 4 quarters following such notification, CBO or OMB has determined that real economic growth is projected or estimated to be less than zero with respect to each of any 2 consecutive quarters within such period; or
(2) the most recent of the Department of Commerces advance preliminary or final reports of actual real economic growth indicate that the rate of real economic growth for each of the most recently reported quarter and the immediately preceding quarter is less than one percent.
(j) Economic and technical assumptions 
In all reports required by this section, OMB shall use the same economic and technical assumptions as used in the most recent budget submitted by the President under section 1105 (a) of title 31.
[1] So in original. Probably should be “section”.
[2] So in original. Probably should be “sequestrable”.

2 USC 905 - Exempt programs and activities

(a) Social security benefits and tier I railroad retirement benefits 
Benefits payable under the old-age, survivors, and disability insurance program established under title II of the Social Security Act [42 U.S.C. 401 et seq.], and benefits payable under section 231b (a), 231b (f)(3), 231c (a), or 231c (f) of title 45, shall be exempt from reduction under any order issued under this subchapter.
(b) Veterans programs 
The following programs shall be exempt from reduction under any order issued under this subchapter: National Service Life Insurance Fund (36-8132-0-7-701); Service-Disabled Veterans Insurance Fund (36-4012-0-3-701); Veterans Special Life Insurance Fund (36-8455-0-8-701); Veterans Reopened Insurance Fund (36-4010-0-3-701); United States Government Life Insurance Fund (36-8150-0-7-701); Veterans Insurance and Indemnities (36-0120-0-1-701); Special Therapeutic and Rehabilitation Activities Fund (36-4048-0-3-703); Canteen Service Revolving Fund (36-4014-0-3-705); Benefits under chapter 21 of title 38 relating to specially adapted housing and mortgage-protection life insurance for certain veterans with service-connected disabilities (36-0120-0-1-701); Benefits under section 2307 of title 38 relating to burial benefits for veterans who die as a result of service-connected disability (36-0155-0-1-701); Benefits under chapter 39 of title 38 relating to automobiles and adaptive equipment for certain disabled veterans and members of the Armed Forces (36-0137-0-1-702); Compensation (36-0153-0-1-701); and Pensions (36-0154-0-1-701). Benefits under chapter 35 of title 38 related to educational assistance for survivors and dependents of certain veterans with service-connected disabilities (36-0137-0-1-702); Assistance and services under chapter 31 of title 38 relating to training and rehabilitation for certain veterans with service-connected disabilities (36-0137-0-1-702); Benefits under subchapters I, II, and III of chapter 37 of title 38 relating to housing loans for certain veterans and for the spouses and surviving spouses of certain veterans Guaranty and Indemnity Program Account (36-1119-0-1-704); Loan Guaranty Program Account (36-1025-0-1-704); and Direct Loan Program Account (36-1024-0-1-704).
(c) Net interest 
No reduction of payments for net interest (all of major functional category 900) shall be made under any order issued under this subchapter.
(d) Earned income tax credit 
Payments to individuals made pursuant to section 32 of title 26 shall be exempt from reduction under any order issued under this subchapter.
(e) Non-defense unobligated balances 
Unobligated balances of budget authority carried over from prior fiscal years, except balances in the defense category, shall be exempt from reduction under any order issued under this subchapter.
(f) Optional exemption of military personnel 

(1) In general 
The President may, with respect to any military personnel account, exempt that account from sequestration or provide for a lower uniform percentage reduction than would otherwise apply.
(2) Limitation 
The President may not use the authority provided by paragraph (1) unless the President notifies the Congress of the manner in which such authority will be exercised on or before the date specified in section 904 (a) of this title for the budget year.
(g) Other programs and activities 

(1) 
(A) The following budget accounts and activities shall be exempt from reduction under any order issued under this subchapter: Activities resulting from private donations, bequests, or voluntary contributions to the Government; Activities financed by voluntary payments to the Government for goods or services to be provided for such payments; Administration of Territories, Northern Mariana Islands Covenant grants (14-0412-0-1-806); Alaska Power Administration, Operations and maintenance (89-0304-0-1-271); Appropriations for the District of Columbia (to the extent they are appropriations of locally raised funds); Bonneville Power Administration fund and borrowing authority established pursuant to section 13 of Public Law 93454 (1974), as amended [16 U.S.C. 838k] (89-4045-0-3-271); Bureau of Indian Affairs, Indian land and water claims settlements and miscellaneous payments to Indians (14-2303-0-1-452); Bureau of Indian Affairs Miscellaneous trust funds (14-9973-0-7-999); Claims, judgments, and relief acts (20-1895-0-1-808); Compact of Free Association (14-0415-0-1-808); Compensation of the President (11-0001-0-1-802); Conservation Reserve Program (12-2319-0-1-302); Customs Service, miscellaneous permanent appropriations (20-9922-0-2-806); Comptroller of the Currency, Assessment funds (20-8413-0-8-373); Dual benefits payments account (60-0111-0-1-601); Exchange stabilization fund (20-4444-0-3-155); Farm Credit Administration, Limitation on Administrative Expenses (78-4131-0-3-351); Farm Credit System Financial Assistance Corporation, interest payment (20-1850-0-1-908); Farm Credit System Financial Assistance Corporation, interest payments (20-1850-0-1-351); Federal Deposit Insurance Corporation, Bank Insurance Fund (51-4064-0-3-373); Federal Deposit Insurance Corporation, FSLIC Resolution Fund (51-4065-0-3-373); Federal Deposit Insurance Corporation, Savings Association Insurance Fund (51-4066-0-3-373); Federal Housing Finance Board (95-4039-0-3-371); Federal payment to the railroad retirement accounts (60-0113-0-1-601); Foreign military sales trust fund (11-8242-0-7-155); Health professions graduate student loan insurance fund program account (75-0340-0-1-552); Higher education facilities loans (91-0240-01-502); Internal Revenue Collections for Puerto Rico (20-5737-0-2-806); Intragovernmental funds, including those from which the outlays are derived primarily from resources paid in from other government accounts, except to the extent such funds are augmented by direct appropriations for the fiscal year during which an order is in effect; Panama Canal Commission, Panama Canal Revolving Fund (95-4061-0-3-403); Medical facilities guarantee and loan fund, Federal interest subsidies for medical facilities (75-9931-0-3-550); National Credit Union Administration operating fund (25-4056-0-3-373); National Credit Union Administration, Central liquidity facility (25-4470-0-3-373); National Credit Union Administration, Credit union share insurance fund (25-4468-0-3-373); Office of Thrift Supervision (20-4108-0-3-373); Payment of Vietnam and USS Pueblo prisoner-of-war claims (15-0104-0-1-153); Payment to civil service retirement and disability fund (24-0200-0-1-805); Payment to Judiciary Trust Funds (10-0941-0-1-752); Payments to copyright owners (03-5175-0-2-376); Payments to health care trust funds (75-0580-0-1-571); Payments to military retirement fund (97-0040-0-1-054); Payments to social security trust funds (75-0404-0-1-651); Payments to the foreign service retirement and disability fund (11-1036-0-1-153 and 19-0540-0-1-153); Payments to trust funds from excise taxes or other receipts properly creditable to such trust funds; Payments to the United States territories, fiscal assistance (14-0418-0-1-806); Payments to widows and heirs of deceased Members of Congress (00-0215-0-1-801); Postal service fund (18-4020-0-3-372); Resolution Trust Corporation Revolving Fund (22-4055-0-3-373); Salaries of Article III judges; Soldiers and Airmens Home, payment of claims (84-8930-0-7-705); Southeastern Power Administration, Operations and maintenance (89-0302-0-1-271); Southwestern Power Administration, Operations and maintenance (89-0303-0-1-271); Tennessee Valley Authority fund, except non-power programs and activities (64-4110-0-3-999); Thrift Savings Fund; United States Enrichment Corporation (95-4054-0-3-271); Vaccine Injury Compensation (75-0320-0-1-551); Vaccine Injury Compensation Program Trust Fund (20-8175-0-7-551); United States Enrichment Corporation; Washington Metropolitan Area Transit Authority, interest payments (46-0300-0-1-401); Western Area Power Administration, Construction, rehabilitation, operations, and maintenance (89-5068-0-2-271); and Western Area Power Administration, Colorado River basins power marketing fund (89-4452-0-3-271).
(B) The following Federal retirement and disability accounts and activities shall be exempt from reduction under any order issued under this subchapter: Black Lung Disability Trust Fund (20-8144-0-7-601); Central Intelligence Agency retirement and disability system fund (56-3400-0-1-054); Civil service retirement and disability fund (24-8135-0-7-602); Comptrollers general retirement system (05-0107-0-1-801); Foreign service retirement and disability fund (19-8186-0-7-602); Judicial survivors annuities fund (10-8110-0-7-602); Judicial Officers Retirement Fund (10-8122-0-7-602); Claims Judges Retirement Fund (10-8124-0-7-602); Special workers compensation expenses, Longshoremens and harborworkers compensation benefits (16-9971-0-7-601); Military retirement fund (97-8097-0-7-602); National Oceanic and Atmospheric Administration retirement (13-1450-0-1-306); Pensions for former Presidents (47-0105-0-1-802); Railroad Industry Pension Fund (60-8011-0-7-601); Railroad supplemental annuity pension fund (60-8012-0-7-602); Retired pay, Coast Guard (69-0241-0-1-403); Retirement pay and medical benefits for commissioned officers, Public Health Service (75-0379-0-1-551); Special benefits, Federal Employees Compensation Act (16-1521-0-1-600); Special benefits for disabled coal miners (75-0409-0-1-601); and Tax Court judges survivors annuity fund (23-8115-0-7-602).
(2) Prior legal obligations of the Government in the following budget accounts and activities shall be exempt from any order issued under this subchapter: Biomass energy development (20-0114-0-1-271); United States Treasury check forgery insurance fund (20-4109-0-3-803); Credit liquidating accounts; Employees life insurance fund (24-8424-0-8-602); Energy security reserve (Synthetic Fuels Corporation) (20-0112-0-1-271); Federal Aviation Administration, Aviation insurance revolving fund (69-4120-0-3-402); Federal Crop Insurance Corporation fund (12-4085-0-3-351); Federal Emergency Management Agency, National flood insurance fund (58-4236-0-3-453); Federal Emergency Management Agency, National insurance development fund (58-4235-0-3-451); Geothermal resources development fund (89-0206-0-1-271); Homeowners assistance fund, Defense (97-4090-0-3-051); International Trade Administration, Operations and administration (13-1250-0-1-376); Low-rent public housing, Loans and other expenses (86-4098-0-3-604); Maritime Administration, War-risk insurance revolving fund (69-4302-0-3-403); Overseas Private Investment Corporation (71-4030-0-3-151); Pension Benefit Guaranty Corporation fund (16-4204-0-3-601); Rail service assistance (69-0122-0-1-401); and Department of Veterans Affairs, Servicemens group life insurance fund (36-4009-0-3-701).
(h) Low-income programs 
The following programs shall be exempt from reduction under any order issued under this subchapter: Block grants to States for temporary assistance for needy families; Child nutrition programs (with the exception of special milk programs) (12-3539-0-1-605); Temporary assistance for needy families (75-1552-0-1-609); Contingency fund (75-1522-0-1-609); Child care entitlement to States (75-1550-0-1-609); Commodity supplemental food program (12-3512-0-1-605); Food stamp programs (12-3505-0-1-605 and 12-3550-0-1-605); Grants to States for Medicaid (75-0512-0-1-55l); Supplemental Security Income Program (75-0406-0-1-609); and[1] Special supplemental nutrition program for women, infants, and children (WIC) (12-3510-0-1-605);[1] Family support payments to States (75-1501-0-1-609);[2]
(i) Identification of programs 
For purposes of subsections (b), (g), and (h) of this section, each account is identified by the designated budget account identification code number set forth in the Budget of the United States Government 1998Appendix, and an activity within an account is designated by the name of the activity and the identification code number of the account.
[1] So in original. The word “and” probably should follow “(12-3510-0-1-605);”.
[2] So in original. The semicolon probably should be a period.

2 USC 906 - General and special sequestration rules

(a) Automatic spending increases 
Automatic spending increases are increases in outlays due to changes in indexes in the following programs:
(1) Special milk program; and
(2) Vocational rehabilitation basic State grants.

In those programs all amounts other than the automatic spending increases shall be exempt from reduction under any order issued under this subchapter.

(b) Student loans 
For all student loans under part B or D of title IV of the Higher Education Act of 1965 [20 U.S.C. 1071 et seq., 1087a et seq.] made during the period when a sequestration order under section 904 of this title is in effect as required by section 902 or 903 of this title, origination fees under sections 438(c)(2) and 455(c) of that Act [20 U.S.C. 1087–1 (c)(2), 1087e (c)] shall each be increased by 0.50 percentage point.
(c) Treatment of foster care and adoption assistance programs 
Any order issued by the President under section 904 of this title shall make the reduction which is otherwise required under the foster care and adoption assistance programs (established by part E of title IV of the Social Security Act [42 U.S.C. 670 et seq.]) only with respect to payments and expenditures made by States in which increases in foster care maintenance payment rates or adoption assistance payment rates (or both) are to take effect during the fiscal year involved, and only to the extent that the required reduction can be accomplished by applying a uniform percentage reduction to the Federal matching payments that each such State would otherwise receive under section 474 of that Act [42 U.S.C. 674] (for such fiscal year) for that portion of the States payments which is attributable to the increases taking effect during that year. No States matching payments from the Federal Government for foster care maintenance payments or for adoption assistance maintenance payments may be reduced by a percentage exceeding the applicable domestic sequestration percentage. No State may, after December 12, 1985, make any change in the timetable for making payments under a State plan approved under part E of title IV of the Social Security Act which has the effect of changing the fiscal year in which expenditures under such part are made.
(d) Special rules for Medicare program 

(1) Calculation of reduction in individual payment amounts 
To achieve the total percentage reduction in those programs required by sections 902 and 903 of this title, and notwithstanding section 710 of the Social Security Act [42 U.S.C. 911], OMB shall determine, and the applicable Presidential order under section 904 of this title shall implement, the percentage reduction that shall apply to payments under the health insurance programs under title XVIII of the Social Security Act [42 U.S.C. 1395 et seq.] for services furnished after the order is issued, such that the reduction made in payments under that order shall achieve the required total percentage reduction in those payments for that fiscal year as determined on a 12-month basis.
(2) Timing of application of reductions 

(A) In general 
Except as provided in subparagraph (B), if a reduction is made under paragraph (1) in payment amounts pursuant to a sequestration order, the reduction shall be applied to payment for services furnished during the effective period of the order. For purposes of the previous sentence, in the case of inpatient services furnished for an individual, the services shall be considered to be furnished on the date of the individuals discharge from the inpatient facility.
(B) Payment on the basis of cost reporting periods 
In the case in which payment for services of a provider of services is made under title XVIII of the Social Security Act [42 U.S.C. 1395 et seq.] on a basis relating to the reasonable cost incurred for the services during a cost reporting period of the provider, if a reduction is made under paragraph (1) in payment amounts pursuant to a sequestration order, the reduction shall be applied to payment for costs for such services incurred at any time during each cost reporting period of the provider any part of which occurs during the effective period of the order, but only (for each such cost reporting period) in the same proportion as the fraction of the cost reporting period that occurs during the effective period of the order.
(3) No increase in beneficiary charges in assignment-related cases 
If a reduction in payment amounts is made under paragraph (1) for services for which payment under part B of title XVIII of the Social Security Act [42 U.S.C. 1395j et seq.] is made on the basis of an assignment described in section 1842 (b)(3)(B)(ii) [42 U.S.C. 1395u (b)(3)(B)(ii)], in accordance with section 1842 (b)(6)(B) [42 U.S.C. 1395u (b)(6)(B)], or under the procedure described in section 1870 (f)(1) [42 U.S.C. 1395gg (f)(1)], of such Act, the person furnishing the services shall be considered to have accepted payment of the reasonable charge for the services, less any reduction in payment amount made pursuant to a sequestration order, as payment in full.
(4) No effect on computation of AAPCC 
In computing the adjusted average per capita cost for purposes of section 1876(a)(4) of the Social Security Act [42 U.S.C. 1395mm (a)(4)], the Secretary of Health and Human Services shall not take into account any reductions in payment amounts which have been or may be effected under this subchapter.
(e) Community and migrant health centers, Indian health services and facilities, and veterans’ medical care 

(1) The maximum permissible reduction in budget authority for any account listed in paragraph (2) for any fiscal year, pursuant to an order issued under section 904 of this title, shall be 2 percent.
(2) The accounts referred to in paragraph (1) are as follows:
(A) Community health centers (75-0350-0-1-550).
(B) Migrant health centers (75-0350-0-1-550).
(C) Indian health facilities (75-0391-0-1-551).
(D) Indian health services (75-0390-0-1-551).
(E) Veterans medical care (36-0160-0-1-703).

For purposes of the preceding provisions of this paragraph, programs are identified by the designated budget account identification code numbers set forth in the Budget of the United States GovernmentAppendix.

(f) Treatment of child support enforcement program 
Notwithstanding any change in the display of budget accounts, any order issued by the President under section 904 of this title shall accomplish the full amount of any required reduction in expenditures under sections 455 and 458 of the Social Security Act [42 U.S.C. 655, 658a] by reducing the Federal matching rate for State administrative costs under such program, as specified (for the fiscal year involved) in section 455(a) of such Act, to the extent necessary to reduce such expenditures by that amount.
(g) Federal pay 

(1) In general 
For purposes of any order issued under section 904 of this title
(A) Federal pay under a statutory pay system, and
(B) elements of military pay,

shall be subject to reduction under an order in the same manner as other administrative expense components of the Federal budget; except that no such order may reduce or have the effect of reducing the rate of pay to which any individual is entitled under any such statutory pay system (as increased by any amount payable under section 5304 of title 5 or section 302 of the Federal Employees Pay Comparability Act of 1990) or the rate of any element of military pay to which any individual is entitled under title 37, or any increase in rates of pay which is scheduled to take effect under section 5303 of title 5, section 1009 of title 37, or any other provision of law.

(2) Definitions 
For purposes of this subsection:
(A) The term statutory pay system shall have the meaning given that term in section 5302 (1) of title 5.
(B) The term elements of military pay means
(i) the elements of compensation of members of the uniformed services specified in section 1009 of title 37,
(ii) allowances provided members of the uniformed services under sections 403a and 405 of such title, and
(iii) cadet pay and midshipman pay under section 203(c) of such title.
(C) The term uniformed services shall have the meaning given that term in section 101 (3) of title 37.
(h) Treatment of Federal administrative expenses 

(1) Notwithstanding any other provision of this title,[1] administrative expenses incurred by the departments and agencies, including independent agencies, of the Federal Government in connection with any program, project, activity, or account shall be subject to reduction pursuant to an order issued under section 904 of this title, without regard to any exemption, exception, limitation, or special rule which is otherwise applicable with respect to such program, project, activity, or account under this subchapter.
(2) Notwithstanding any other provision of law, administrative expenses of any program, project, activity, or account which is self-supporting and does not receive appropriations shall be subject to reduction under a sequester order, unless specifically exempted in this subchapter.
(3) Payments made by the Federal Government to reimburse or match administrative costs incurred by a State or political subdivision under or in connection with any program, project, activity, or account shall not be considered administrative expenses of the Federal Government for purposes of this section, and shall be subject to reduction or sequestration under this subchapter to the extent (and only to the extent) that other payments made by the Federal Government under or in connection with that program, project, activity, or account are subject to such reduction or sequestration; except that Federal payments made to a State as reimbursement of administrative costs incurred by such State under or in connection with the unemployment compensation programs specified in subsection (h)(1)1 of this section shall be subject to reduction or sequestration under this subchapter notwithstanding the exemption otherwise granted to such programs under that subsection.
(4) Notwithstanding any other provision of law, this subsection shall not apply with respect to the following:
(A) Comptroller of the Currency.
(B) Federal Deposit Insurance Corporation.
(C) Office of Thrift Supervision.
(D) National Credit Union Administration.
(E) National Credit Union Administration, central liquidity facility.
(F) Federal Retirement Thrift Investment Board.
(G) Resolution Trust Corporation.
(H) Farm Credit Administration.
(i) Treatment of payments and advances made with respect to unemployment compensation programs 

(1) For purposes of section 904 of this title
(A) any amount paid as regular unemployment compensation by a State from its account in the Unemployment Trust Fund (established by section 904(a) of the Social Security Act [42 U.S.C. 1104 (a)]),
(B) any advance made to a State from the Federal unemployment account (established by section 904(g) of such Act [42 U.S.C. 1104 (g)]) under title XII of such Act [42 U.S.C. 1321 et seq.] and any advance appropriated to the Federal unemployment account pursuant to section 1203 of such Act [42 U.S.C. 1323], and
(C) any payment made from the Federal Employees Compensation Account (as established under section 909 of such Act [42 U.S.C. 1109]) for the purpose of carrying out chapter 85 of title 5 and funds appropriated or transferred to or otherwise deposited in such Account,

shall not be subject to reduction.

(2) 
(A) A State may reduce each weekly benefit payment made under the Federal-State Extended Unemployment Compensation Act of 1970 for any week of unemployment occurring during any period with respect to which payments are reduced under an order issued under section 904 of this title by a percentage not to exceed the percentage by which the Federal payment to the State under section 204 of such Act is to be reduced for such week as a result of such order.
(B) A reduction by a State in accordance with subparagraph (A) shall not be considered as a failure to fulfill the requirements of section 3304 (a)(11) of title 26.
(j) Commodity Credit Corporation 

(1) Powers and authorities of the Commodity Credit Corporation 
This title[2] shall not restrict the Commodity Credit Corporation in the discharge of its authority and responsibility as a corporation to buy and sell commodities in world trade, to use the proceeds as a revolving fund to meet other obligations and otherwise operate as a corporation, the purpose for which it was created.
(2) Reduction in payments made under contracts 

(A) Loan eligibility under any contract entered into with a person by the Commodity Credit Corporation prior to the time an order has been issued under section 904 of this title shall not be reduced by an order subsequently issued. Subject to subparagraph (B), after an order is issued under such section for a fiscal year, any cash payments for loans or loan deficiencies made by the Commodity Credit Corporation shall be subject to reduction under the order.
(B) Each loan contract entered into with producers or producer cooperatives with respect to a particular crop of a commodity and subject to reduction under subparagraph (A) shall be reduced in accordance with the same terms and conditions. If some, but not all, contracts applicable to a crop of a commodity have been entered into prior to the issuance of an order under section 904 of this title, the order shall provide that the necessary reduction in payments under contracts applicable to the commodity be uniformly applied to all contracts for the next succeeding crop of the commodity, under the authority provided in paragraph (3).
(3) Delayed reduction in outlays permissible 
Notwithstanding any other provision of this title,[2] if an order under section 904 of this title is issued with respect to a fiscal year, any reduction under the order applicable to contracts described in paragraph (1) may provide for reductions in outlays for the account involved to occur in the fiscal year following the fiscal year to which the order applies.
(4) Uniform percentage rate of reduction and other limitations 
All reductions described in paragraph (2) which are required to be made in connection with an order issued under section 904 of this title with respect to a fiscal year shall be made so as to ensure that outlays for each program, project, activity, or account involved are reduced by a percentage rate that is uniform for all such programs, projects, activities, and accounts, and may not be made so as to achieve a percentage rate of reduction in any such item exceeding the rate specified in the order.
(5) Dairy program 
Notwithstanding any other provision of this subsection, as the sole means of achieving any reduction in outlays under the milk price support program, the Secretary of Agriculture shall provide for a reduction to be made in the price received by producers for all milk produced in the United States and marketed by producers for commercial use. That price reduction (measured in cents per hundred weight of milk marketed) shall occur under section 1446 (d)(2)(A) of title 7, shall begin on the day any sequestration order is issued under section 904 of this title, and shall not exceed the aggregate amount of the reduction in outlays under the milk price support program that otherwise would have been achieved by reducing payments for the purchase of milk or the products of milk under this subsection during the applicable fiscal year.
(6) Certain authority not to be limited 
Nothing in this joint resolution shall limit or reduce, in any way, any appropriation that provides the Commodity Credit Corporation with budget authority to cover the Corporations net realized losses.
(k) Effects of sequestration 
The effects of sequestration shall be as follows:
(1) Budgetary resources sequestered from any account shall be permanently cancelled, except as provided in paragraph (5).
(2) Except as otherwise provided, the same percentage sequestration shall apply to all programs, projects, and activities within a budget account (with programs, projects, and activities as delineated in the appropriation Act or accompanying report for the relevant fiscal year covering that account, or for accounts not included in appropriation Acts, as delineated in the most recently submitted Presidents budget).
(3) Administrative regulations or similar actions implementing a sequestration shall be made within 120 days of the sequestration order. To the extent that formula allocations differ at different levels of budgetary resources within an account, program, project, or activity, the sequestration shall be interpreted as producing a lower total appropriation, with the remaining amount of the appropriation being obligated in a manner consistent with program allocation formulas in substantive law.
(4) Except as otherwise provided, obligations in sequestered accounts shall be reduced only in the fiscal year in which a sequester occurs.
(5) If an automatic spending increase is sequestered, the increase (in the applicable index) that was disregarded as a result of that sequestration shall not be taken into account in any subsequent fiscal year.
(6) Budgetary resources sequestered in revolving, trust, and special fund accounts and offsetting collections sequestered in appropriation accounts shall not be available for obligation during the fiscal year in which the sequestration occurs, but shall be available in subsequent years to the extent otherwise provided in law.
[1] See References in Text note below.
[2] See References in Text note below.

2 USC 907 - The baseline

(a) In general 
For any budget year, the baseline refers to a projection of current-year levels of new budget authority, outlays, revenues, and the surplus or deficit into the budget year and the outyears based on laws enacted through the applicable date.
(b) Direct spending and receipts 
For the budget year and each outyear, the baseline shall be calculated using the following assumptions:
(1) In general 
Laws providing or creating direct spending and receipts are assumed to operate in the manner specified in those laws for each such year and funding for entitlement authority is assumed to be adequate to make all payments required by those laws.
(2) Exceptions 

(A) 
(i) No program established by a law enacted on or before August 5, 1997, with estimated current year outlays greater than $50,000,000 shall be assumed to expire in the budget year or the outyears. The scoring of new programs with estimated outlays greater than $50,000,000 a year shall be based on scoring by the Committees on Budget or OMB, as applicable. OMB, CBO, and the Budget Committees shall consult on the scoring of such programs where there are differenes[1] between CBO and OMB.
(ii) On the expiration of the suspension of a provision of law that is suspended under section 7301 of title 7 and that authorizes a program with estimated fiscal year outlays that are greater than $50,000,000, for purposes of clause (i), the program shall be assumed to continue to operate in the same manner as the program operated immediately before the expiration of the suspension.
(B) The increase for veterans compensation for a fiscal year is assumed to be the same as that required by law for veterans pensions unless otherwise provided by law enacted in that session.
(C) Excise taxes dedicated to a trust fund, if expiring, are assumed to be extended at current rates.
(D) If any law expires before the budget year or any outyear, then any program with estimated current year outlays greater than $50,000,000 that operates under that law shall be assumed to continue to operate under that law as in effect immediately before its expiration.
(3) Hospital Insurance Trust Fund 
Notwithstanding any other provision of law, the receipts and disbursements of the Hospital Insurance Trust Fund shall be included in all calculations required by this Act.
(c) Discretionary appropriations 
For the budget year and each outyear, the baseline shall be calculated using the following assumptions regarding all amounts other than those covered by subsection (b) of this section:
(1) Inflation of current-year appropriations 
Budgetary resources other than unobligated balances shall be at the level provided for the budget year in full-year appropriation Acts. If for any account a full-year appropriation has not yet been enacted, budgetary resources other than unobligated balances shall be at the level available in the current year, adjusted sequentially and cumulatively for expiring housing contracts as specified in paragraph (2), for social insurance administrative expenses as specified in paragraph (3), to offset pay absorption and for pay annualization as specified in paragraph (4), for inflation as specified in paragraph (5), and to account for changes required by law in the level of agency payments for personnel benefits other than pay.
(2) Expiring housing contracts 
New budget authority to renew expiring multiyear subsidized housing contracts shall be adjusted to reflect the difference in the number of such contracts that are scheduled to expire in that fiscal year and the number expiring in the current year, with the per-contract renewal cost equal to the average current-year cost of renewal contracts.
(3) Social insurance administrative expenses 
Budgetary resources for the administrative expenses of the following trust funds shall be adjusted by the percentage change in the beneficiary population from the current year to that fiscal year: the Federal Hospital Insurance Trust Fund, the Supplementary Medical Insurance Trust Fund, the Unemployment Trust Fund, and the railroad retirement account.
(4) Pay annualization; offset to pay absorption 
Current-year new budget authority for Federal employees shall be adjusted to reflect the full 12-month costs (without absorption) of any pay adjustment that occurred in that fiscal year.
(5) Inflators 
The inflator used in paragraph (1) to adjust budgetary resources relating to personnel shall be the percent by which the average of the Bureau of Labor Statistics Employment Cost Index (wages and salaries, private industry workers) for that fiscal year differs from such index for the current year. The inflator used in paragraph (1) to adjust all other budgetary resources shall be the percent by which the average of the estimated gross domestic product chain-type price index for that fiscal year differs from the average of such estimated index for the current year.
(6) Current-year appropriations 
If, for any account, a continuing appropriation is in effect for less than the entire current year, then the current-year amount shall be assumed to equal the amount that would be available if that continuing appropriation covered the entire fiscal year. If law permits the transfer of budget authority among budget accounts in the current year, the current-year level for an account shall reflect transfers accomplished by the submission of, or assumed for the current year in, the Presidents original budget for the budget year.
(d) Up-to-date concepts 
In deriving the baseline for any budget year or outyear, current-year amounts shall be calculated using the concepts and definitions that are required for that budget year.
(e) Asset sales 
Amounts realized from the sale of an asset shall not be included in estimates under section 901, 902, or 903 of this title if that sale would result in a financial cost to the Federal Government as determined pursuant to scorekeeping guidelines.
[1] So in original. Probably should be “differences”.

2 USC 907a - Suspension in event of war or low growth

(a) Procedures in event of low-growth report 

(1) Trigger 
Whenever CBO issues a low-growth report under section 254 (j),1 the Majority Leader of the House of Representatives may, and the Majority Leader of the Senate shall, introduce a joint resolution (in the form set forth in paragraph (2)) declaring that the conditions specified in section 254 (j)1 are met and suspending the relevant provisions of this title,[1] titles III and VI[1] of the Congressional Budget Act of 1974 [2 U.S.C. 631 et seq.], and section 1103 of title 31.
(2) Form of joint resolution 

(A) The matter after the resolving clause in any joint resolution introduced pursuant to paragraph (1) shall be as follows: That the Congress declares that the conditions specified in section 254(j)1 of the Balanced Budget and Emergency Deficit Control Act of 1985 are met, and the implementation of the Congressional Budget and Impoundment Control Act of 1974, chapter 11 of title 31, United States Code, and part C of the Balanced Budget and Emergency Deficit Control Act of 1985 are modified as described in section 258(b) of the Balanced Budget and Emergency Deficit Control Act of 1985.
(B) The title of the joint resolution shall be Joint resolution suspending certain provisions of law pursuant to section 258(a)(2) of the Balanced Budget and Emergency Deficit Control Act of 1985.; and the joint resolution shall not contain any preamble.
(3) Committee action 
Each joint resolution introduced pursuant to paragraph (1) shall be referred to the appropriate committees of the House of Representatives or the Committee on the Budget of the Senate, as the case may be; and such Committee shall report the joint resolution to its House without amendment on or before the fifth day on which such House is in session after the date on which the joint resolution is introduced. If the Committee fails to report the joint resolution within the five-day period referred to in the preceding sentence, it shall be automatically discharged from further consideration of the joint resolution, and the joint resolution shall be placed on the appropriate calendar.
(4) Consideration of joint resolution 

(A) A vote on final passage of a joint resolution reported to the Senate or discharged pursuant to paragraph (3) shall be taken on or before the close of the fifth calendar day of session after the date on which the joint resolution is reported or after the Committee has been discharged from further consideration of the joint resolution. If prior to the passage by one House of a joint resolution of that House, that House receives the same joint resolution from the other House, then
(i) the procedure in that House shall be the same as if no such joint resolution had been received from the other House, but
(ii) the vote on final passage shall be on the joint resolution of the other House.

When the joint resolution is agreed to, the Clerk of the House of Representatives (in the case of a House joint resolution agreed to in the House of Representatives) or the Secretary of the Senate (in the case of a Senate joint resolution agreed to in the Senate) shall cause the joint resolution to be engrossed, certified, and transmitted to the other House of the Congress as soon as practicable.

(B) 
(i) In the Senate, a joint resolution under this paragraph shall be privileged. It shall not be in order to move to reconsider the vote by which the motion is agreed to or disagreed to.
(ii) Debate in the Senate on a joint resolution under this paragraph, and all debatable motions and appeals in connection therewith, shall be limited to not more than five hours. The time shall be equally divided between, and controlled by, the majority leader and the minority leader or their designees.
(iii) Debate in the Senate on any debatable motion or appeal in connection with a joint resolution under this paragraph shall be limited to not more than one hour, to be equally divided between, and controlled by, the mover and the manager of the joint resolution, except that in the event the manager of the joint resolution is in favor of any such motion or appeal, the time in opposition thereto shall be controlled by the minority leader or his designee.
(iv) A motion in the Senate to further limit debate on a joint resolution under this paragraph is not debatable. A motion to table or to recommit a joint resolution under this paragraph is not in order.
(C) No amendment to a joint resolution considered under this paragraph shall be in order in the Senate.
(b) Suspension of sequestration procedures 
Upon the enactment of a declaration of war or a joint resolution described in subsection (a) of this section
(1) the subsequent issuance of any sequestration report or any sequestration order is precluded;
(2) sections 302 (f), 310 (d), 311 (a), and title VI[1] of the Congressional Budget Act of 1974 [2 U.S.C. 633 (f), 641 (d), 642 (a)] are suspended; and
(3) section 1103 of title 31 is suspended.
(c) Restoration of sequestration procedures 

(1) In the event of a suspension of sequestration procedures due to a declaration of war, then, effective with the first fiscal year that begins in the session after the state of war is concluded by Senate ratification of the necessary treaties, the provisions of subsection (b) of this section triggered by that declaration of war are no longer effective.
(2) In the event of a suspension of sequestration procedures due to the enactment of a joint resolution described in subsection (a) of this section, then, effective with regard to the first fiscal year beginning at least 12 months after the enactment of that resolution, the provisions of subsection (b) of this section triggered by that resolution are no longer effective.
[1] See References in Text note below.

2 USC 907b - Modification of Presidential order

(a) Introduction of joint resolution 
At any time after the Director of OMB issues a final sequestration report under section 904 of this title for a fiscal year, but before the close of the twentieth calendar day of the session of Congress beginning after the date of issuance of such report, the majority leader of either House of Congress may introduce a joint resolution which contains provisions directing the President to modify the most recent order issued under section 904 of this title or provide an alternative to reduce the deficit for such fiscal year. After the introduction of the first such joint resolution in either House of Congress in any calendar year, then no other joint resolution introduced in such House in such calendar year shall be subject to the procedures set forth in this section.
(b) Procedures for consideration of joint resolutions 

(1) Referral to committee 
A joint resolution introduced in the Senate under subsection (a) of this section shall not be referred to a committee of the Senate and shall be placed on the calendar pending disposition of such joint resolution in accordance with this subsection.
(2) Consideration in Senate 
On or after the third calendar day (excluding Saturdays, Sundays, and legal holidays) beginning after a joint resolution is introduced under subsection (a) of this section, notwithstanding any rule or precedent of the Senate, including Rule XXII of the Standing Rules of the Senate, it is in order (even though a previous motion to the same effect has been disagreed to) for any Member of the Senate to move to proceed to the consideration of the joint resolution. The motion is not in order after the eighth calendar day (excluding Saturdays, Sundays, and legal holidays) beginning after a joint resolution (to which the motion applies) is introduced. The joint resolution is privileged in the Senate. A motion to reconsider the vote by which the motion is agreed to or disagreed to shall not be in order. If a motion to proceed to the consideration of the joint resolution is agreed to, the Senate shall immediately proceed to consideration of the joint resolution without intervening motion, order, or other business, and the joint resolution shall remain the unfinished business of the Senate until disposed of.
(3) Debate in Senate 

(A) In the Senate, debate on a joint resolution introduced under subsection (a) of this section, amendments thereto, and all debatable motions and appeals in connection therewith shall be limited to not more than 10 hours, which shall be divided equally between the majority leader and the minority leader (or their designees).
(B) A motion to postpone, or a motion to proceed to the consideration of other business is not in order. A motion to reconsider the vote by which the joint resolution is agreed to or disagreed to is not in order, and a motion to recommit the joint resolution is not in order.
(C) 
(i) No amendment that is not germane to the provisions of the joint resolution or to the order issued under section 904 of this title shall be in order in the Senate. In the Senate, an amendment, any amendment to an amendment, or any debatable motion or appeal is debatable for not to exceed 30 minutes to be equally divided between, and controlled by, the mover and the majority leader (or their designees), except that in the event that the majority leader favors the amendment, motion, or appeal, the minority leader (or the minority leaders designee) shall control the time in opposition to the amendment, motion, or appeal.
(ii) In the Senate, an amendment that is otherwise in order shall be in order notwithstanding the fact that it amends the joint resolution in more than one place or amends language previously amended. It shall not be in order in the Senate to vote on the question of agreeing to such a joint resolution or any amendment thereto unless the figures then contained in such joint resolution or amendment are mathematically consistent.
(4) Vote on final passage 
Immediately following the conclusion of the debate on a joint resolution introduced under subsection (a) of this section, a single quorum call at the conclusion of the debate if requested in accordance with the rules of the Senate, and the disposition of any pending amendments under paragraph (3), the vote on final passage of the joint resolution shall occur.
(5) Appeals 
Appeals from the decisions of the Chair shall be decided without debate.
(6) Conference reports 
In the Senate, points of order under titles III, IV, and VI[1] of the Congressional Budget Act of 1974 [2 U.S.C. 631 et seq., 651 et seq.] are applicable to a conference report on the joint resolution or any amendments in disagreement thereto.
(7) Resolution from other House 
If, before the passage by the Senate of a joint resolution of the Senate introduced under subsection (a) of this section, the Senate receives from the House of Representatives a joint resolution introduced under subsection (a) of this section, then the following procedures shall apply:
(A) The joint resolution of the House of Representatives shall not be referred to a committee and shall be placed on the calendar.
(B) With respect to a joint resolution introduced under subsection (a) of this section in the Senate
(i) the procedure in the Senate shall be the same as if no joint resolution had been received from the House; but
(ii) 
(I) the vote on final passage shall be on the joint resolution of the House if it is identical to the joint resolution then pending for passage in the Senate; or
(II) if the joint resolution from the House is not identical to the joint resolution then pending for passage in the Senate and the Senate then passes the Senate joint resolution, the Senate shall be considered to have passed the House joint resolution as amended by the text of the Senate joint resolution.
(C) Upon disposition of the joint resolution received from the House, it shall no longer be in order to consider the resolution originated in the Senate.
(8) Senate action on House resolution 
If the Senate receives from the House of Representatives a joint resolution introduced under subsection (a) of this section after the Senate has disposed of a Senate originated resolution which is identical to the House passed joint resolution, the action of the Senate with regard to the disposition of the Senate originated joint resolution shall be deemed to be the action of the Senate with regard to the House originated joint resolution. If it is not identical to the House passed joint resolution, then the Senate shall be considered to have passed the joint resolution of the House as amended by the text of the Senate joint resolution.
[1] See References in Text note below.

2 USC 907c - Flexibility among defense programs, projects, and activities

(a) Reductions beyond amount specified in Presidential order 
Subject to subsections (b), (c), and (d) of this section, new budget authority and unobligated balances for any programs, projects, or activities within major functional category 050 (other than a military personnel account) may be further reduced beyond the amount specified in an order issued by the President under section 904 of this title for such fiscal year. To the extent such additional reductions are made and result in additional outlay reductions, the President may provide for lesser reductions in new budget authority and unobligated balances for other programs, projects, or activities within major functional category 050 for such fiscal year, but only to the extent that the resulting outlay increases do not exceed the additional outlay reductions, and no such program, project, or activity may be increased above the level actually made available by law in appropriation Acts (before taking sequestration into account). In making calculations under this subsection, the President shall use account outlay rates that are identical to those used in the report by the Director of OMB under section 904 of this title.
(b) Base closures prohibited 
No actions taken by the President under subsection (a) of this section for a fiscal year may result in a domestic base closure or realignment that would otherwise be subject to section 2687 of title 10.
(c) Report and joint resolution required 
The President may not exercise the authority provided by this paragraph[1] for a fiscal year unless
(1) the President submits a single report to Congress specifying, for each account, the detailed changes proposed to be made for such fiscal year pursuant to this section;
(2) that report is submitted within 5 calendar days of the start of the next session of Congress; and
(3) a joint resolution affirming or modifying the changes proposed by the President pursuant to this paragraph[1] becomes law.
(d) Introduction of joint resolution 
Within 5 calendar days of session after the President submits a report to Congress under subsection (c)(1) of this section for a fiscal year, the majority leader of each House of Congress shall (by request) introduce a joint resolution which contains provisions affirming the changes proposed by the President pursuant to this paragraph.[1]
(e) Form and title of joint resolution 

(1) The matter after the resolving clause in any joint resolution introduced pursuant to subsection (d) of this section shall be as follows: That the report of the President as submitted on [Insert Date] under section 258B is hereby approved.
(2) The title of the joint resolution shall be Joint resolution approving the report of the President submitted under section 258B of the Balanced Budget and Emergency Deficit Control Act of 1985.
(3) Such joint resolution shall not contain any preamble.
(f) Calendaring and consideration of joint resolution in Senate 

(1) A joint resolution introduced in the Senate under subsection (d) of this section shall be referred to the Committee on Appropriations, and if not reported within 5 calendar days (excluding Saturdays, Sundays, and legal holidays) from the date of introduction shall be considered as having been discharged therefrom and shall be placed on the appropriate calendar pending disposition of such joint resolution in accordance with this subsection. In the Senate, no amendment proposed in the Committee on Appropriations shall be in order other than an amendment (in the nature of a substitute) that is germane or relevant to the provisions of the joint resolution or to the order issued under section 904 of this title. For purposes of this paragraph, an amendment shall be considered to be relevant if it relates to function 050 (national defense).
(2) On or after the third calendar day (excluding Saturdays, Sundays, and legal holidays) beginning after a joint resolution is placed on the Senate calendar, notwithstanding any rule or precedent of the Senate, including Rule XXII of the Standing Rules of the Senate, it is in order (even though a previous motion to the same effect has been disagreed to) for any Member of the Senate to move to proceed to the consideration of the joint resolution. The motion is not in order after the eighth calendar day (excluding Saturdays, Sundays, and legal holidays) beginning after such joint resolution is placed on the appropriate calendar. The motion is not debatable. The joint resolution is privileged in the Senate. A motion to reconsider the vote by which the motion is agreed to or disagreed to shall not be in order. If a motion to proceed to the consideration of the joint resolution is agreed to, the Senate shall immediately proceed to consideration of the joint resolution without intervening motion, order, or other business, and the joint resolution shall remain the unfinished business of the Senate until disposed of.
(g) Debate of joint resolution; motions 

(1) In the Senate, debate on a joint resolution introduced under subsection (d) of this section, amendments thereto, and all debatable motions and appeals in connection therewith shall be limited to not more than 10 hours, which shall be divided equally between the majority leader and the minority leader (or their designees).
(2) A motion to postpone, or a motion to proceed to the consideration of other business is not in order. A motion to reconsider the vote by which the joint resolution is agreed to or disagreed to is not in order. In the Senate, a motion to recommit the joint resolution is not in order.
(h) Amendment of joint resolution 

(1) No amendment that is not germane or relevant to the provisions of the joint resolution or to the order issued under section 904 of this title shall be in order in the Senate. For purposes of this paragraph, an amendment shall be considered to be relevant if it relates to function 050 (national defense). In the Senate, an amendment, any amendment to an amendment, or any debatable motion or appeal is debatable for not to exceed 30 minutes to be equally divided between, and controlled by, the mover and the majority leader (or their designees), except that in the event that the majority leader favors the amendment, motion, or appeal, the minority leader (or the minority leaders designee) shall control the time in opposition to the amendment, motion, or appeal.
(2) In the Senate, an amendment that is otherwise in order shall be in order notwithstanding the fact that it amends the joint resolution in more than one place or amends language previously amended, so long as the amendment makes or maintains mathematical consistency. It shall not be in order in the Senate to vote on the question of agreeing to such a joint resolution or any amendment thereto unless the figures then contained in such joint resolution or amendment are mathematically consistent.
(3) It shall not be in order in the Senate to consider any amendment to any joint resolution introduced under subsection (d) of this section or any conference report thereon if such amendment or conference report would have the effect of decreasing any specific budget outlay reductions below the level of such outlay reductions provided in such joint resolution unless such amendment or conference report makes a reduction in other specific budget outlays at least equivalent to any increase in outlays provided by such amendment or conference report.
(4) For purposes of the application of paragraph (3), the level of outlays and specific budget outlay reductions provided in an amendment shall be determined on the basis of estimates made by the Committee on the Budget of the Senate.
(i) Vote on final passage of joint resolution 
Immediately following the conclusion of the debate on a joint resolution introduced under subsection (d) of this section, a single quorum call at the conclusion of the debate if requested in accordance with the rules of the Senate, and the disposition of any pending amendments under subsection (h) of this section, the vote on final passage of the joint resolution shall occur.
(j) Appeal from decision of Chair 
Appeals from the decisions of the Chair relating to the application of the rules of the Senate to the procedure relating to a joint resolution described in subsection (d) of this section shall be decided without debate.
(k) Conference reports 
In the Senate, points of order under titles III and IV of the Congressional Budget Act of 1974 [2 U.S.C. 631 et seq., 651 et seq.] (including points of order under sections 302 (c), 303 (a), 306, and 401 (b)(1) [2 U.S.C. 633 (c), 634 (a), 637, 651 (b)(1)]) are applicable to a conference report on the joint resolution or any amendments in disagreement thereto.
(l) Resolution from other House 
If, before the passage by the Senate of a joint resolution of the Senate introduced under subsection (d) of this section, the Senate receives from the House of Representatives a joint resolution introduced under subsection (d) of this section, then the following procedures shall apply:
(1) The joint resolution of the House of Representatives shall not be referred to a committee.
(2) With respect to a joint resolution introduced under subsection (d) of this section in the Senate
(A) the procedure in the Senate shall be the same as if no joint resolution had been received from the House; but
(B) 
(i) the vote on final passage shall be on the joint resolution of the House if it is identical to the joint resolution then pending for passage in the Senate; or
(ii) if the joint resolution from the House is not identical to the joint resolution then pending for passage in the Senate and the Senate then passes the Senate joint resolution, the Senate shall be considered to have passed the House joint resolution as amended by the text of the Senate joint resolution.
(3) Upon disposition of the joint resolution received from the House, it shall no longer be in order to consider the joint resolution originated in the Senate.
(m) Senate action on House resolution 
If the Senate receives from the House of Representatives a joint resolution introduced under subsection (d) of this section after the Senate has disposed of a Senate originated joint resolution which is identical to the House passed joint resolution, the action of the Senate with regard to the disposition of the Senate originated joint resolution shall be deemed to be the action of the Senate with regard to the House originated joint resolution. If it is not identical to the House passed joint resolution, then the Senate shall be considered to have passed the joint resolution of the House as amended by the text of the Senate joint resolution.
[1] So in original. Probably should be “section”.

2 USC 907d - Special reconciliation process

(a) Reporting of resolutions and reconciliation bills and resolutions, in Senate 

(1) Committee alternatives to Presidential order 
After the submission of an OMB sequestration update report under section 904 of this title that envisions a sequestration under section 902 or 903 of this title, each standing committee of the Senate may, not later than October 10, submit to the Committee on the Budget of the Senate information of the type described in section 632 (d) of this title with respect to alternatives to the order envisioned by such report insofar as such order affects laws within the jurisdiction of the committee.
(2) Initial Budget Committee action 
After the submission of such a report, the Committee on the Budget of the Senate may, not later than October 15, report to the Senate a resolution. The resolution may affirm the impact of the order envisioned by such report, in whole or in part. To the extent that any part is not affirmed, the resolution shall state which parts are not affirmed and shall contain instructions to committees of the Senate of the type referred to in section 641 (a) of this title, sufficient to achieve at least the total level of deficit reduction contained in those sections which are not affirmed.
(3) Response of committees 
Committees instructed pursuant to paragraph (2), or affected thereby, shall submit their responses to the Budget Committee no later than 10 days after the resolution referred to in paragraph (2) is agreed to, except that if only one such Committee is so instructed such Committee shall, by the same date, report to the Senate a reconciliation bill or reconciliation resolution containing its recommendations in response to such instructions. A committee shall be considered to have complied with all instructions to it pursuant to a resolution adopted under paragraph (2) if it has made recommendations with respect to matters within its jurisdiction which would result in a reduction in the deficit at least equal to the total reduction directed by such instructions.
(4) Budget Committee action 
Upon receipt of the recommendations received in response to a resolution referred to in paragraph (2), the Budget Committee shall report to the Senate a reconciliation bill or reconciliation resolution, or both, carrying out all such recommendations without any substantive revisions. In the event that a committee instructed in a resolution referred to in paragraph (2) fails to submit any recommendation (or, when only one committee is instructed, fails to report a reconciliation bill or resolution) in response to such instructions, the Budget Committee shall include in the reconciliation bill or reconciliation resolution reported pursuant to this subparagraph legislative language within the jurisdiction of the noncomplying committee to achieve the amount of deficit reduction directed in such instructions.
(5) Point of order 
It shall not be in order in the Senate to consider any reconciliation bill or reconciliation resolution reported under paragraph (4) with respect to a fiscal year, any amendment thereto, or any conference report thereon if
(A) the enactment of such bill or resolution as reported;
(B) the adoption and enactment of such amendment; or
(C) the enactment of such bill or resolution in the form recommended in such conference report,

would cause the amount of the deficit for such fiscal year to exceed the maximum deficit amount for such fiscal year, unless the low-growth report submitted under section 904 of this title projects negative real economic growth for such fiscal year, or for each of any two consecutive quarters during such fiscal year.

(6) Treatment of certain amendments 
In the Senate, an amendment which adds to a resolution reported under paragraph (2) an instruction of the type referred to in such paragraph shall be in order during the consideration of such resolution if such amendment would be in order but for the fact that it would be held to be non-germane on the basis that the instruction constitutes new matter.
(7) “Day” defined 
For purposes of paragraphs (1), (2), and (3), the term day shall mean any calendar day on which the Senate is in session.
(b) Procedures 

(1) In general 
Except as provided in paragraph (2), in the Senate the provisions of sections 636 and 641 of this title for the consideration of concurrent resolutions on the budget and conference reports thereon shall also apply to the consideration of resolutions, and reconciliation bills and reconciliation resolutions reported under this paragraph and conference reports thereon.
(2) Limit on debate 
Debate in the Senate on any resolution reported pursuant to subsection (a)(2) of this section, and all amendments thereto and debatable motions and appeals in connection therewith, shall be limited to 10 hours.
(3) Limitation on amendments 
Section 641 (d)(2) of this title shall apply to reconciliation bills and reconciliation resolutions reported under this subsection.
(4) Bills and resolutions received from the House 
Any bill or resolution received in the Senate from the House, which is a companion to a reconciliation bill or reconciliation resolution of the Senate for the purposes of this subsection, shall be considered in the Senate pursuant to the provisions of this subsection.
(5) “Resolution” defined 
For purposes of this subsection, the term resolution means a simple, joint, or concurrent resolution.

2 USC 908 - Repealed. Pub. L. 10533, title X, 10210, Aug. 5, 1997, 111 Stat. 711

Section, Pub. L. 99–177, title II, § 258, as added Pub. L. 100–119, title I, § 105(a), Sept. 29, 1987, 101 Stat. 778, related to modification of Presidential order.

2 USC 909 - Repealed. Pub. L. 101508, title XIII, 13212, Nov. 5, 1990, 104 Stat. 1388621

Section, Pub. L. 100–119, title II, § 202, Sept. 29, 1987, 101 Stat. 784, prohibited counting as savings transfer of Government actions from one year to another.

TITLE 2 - US CODE - SUBCHAPTER II - OPERATION AND REVIEW

2 USC 921 - Transferred

2 USC 922 - Judicial review

(a) Expedited review 

(1) Any Member of Congress may bring an action, in the United States District Court for the District of Columbia, for declaratory judgment and injunctive relief on the ground that any order that might be issued pursuant to section 904 of this title violates the Constitution.
(2) Any Member of Congress, or any other person adversely affected by any action taken under this title,[1] may bring an action, in the United States District Court for the District of Columbia, for declaratory judgment and injunctive relief concerning the constitutionality of this title.[1]
(3) Any Member of Congress may bring an action, in the United States District Court for the District of Columbia, for declaratory and injunctive relief on the ground that the terms of an order issued under section 904 of this title do not comply with the requirements of this title.[1]
(4) A copy of any complaint in an action brought under paragraph (1), (2), or (3) shall be promptly delivered to the Secretary of the Senate and the Clerk of the House of Representatives, and each House of Congress shall have the right to intervene in such action.
(5) Any action brought under paragraph (1), (2), or (3) shall be heard and determined by a three-judge court in accordance with section 2284 of title 28. Nothing in this section or in any other law shall infringe upon the right of the House of Representatives to intervene in an action brought under paragraph (1), (2), or (3) without the necessity of adopting a resolution to authorize such intervention.
(b) Appeal to Supreme Court 
Notwithstanding any other provision of law, any order of the United States District Court for the District of Columbia which is issued pursuant to an action brought under paragraph (1), (2), or (3) of subsection (a) of this section shall be reviewable by appeal directly to the Supreme Court of the United States. Any such appeal shall be taken by a notice of appeal filed within 10 days after such order is entered; and the jurisdictional statement shall be filed within 30 days after such order is entered. No stay of an order issued pursuant to an action brought under paragraph (1), (2), or (3) of subsection (a) of this section shall be issued by a single Justice of the Supreme Court.
(c) Expedited consideration 
It shall be the duty of the District Court for the District of Columbia and the Supreme Court of the United States to advance on the docket and to expedite to the greatest possible extent the disposition of any matter brought under subsection (a) of this section.
(d) Noncompliance with sequestration procedures 

(1) If it is finally determined by a court of competent jurisdiction that an order issued by the President under section 904 of this title for any fiscal year
(A) does not reduce automatic spending increases under any program specified in section 906 (a) of this title if such increases are required to be reduced by subchapter I of this chapter (or reduces such increases by a greater extent than is so required), or
(B) does not sequester the amount of budgetary resources which is required to be sequestered by subchapter I of this chapter (or sequesters more than that amount) with respect to any program, project, activity, or account,

the President shall, within 20 days after such determination is made, revise the order in accordance with such determination.

(2) If the order issued by the President under section 904 of this title for any fiscal year
(A) does not reduce any automatic spending increase to the extent that such increase is required to be reduced by subchapter I of this chapter,
(B) does not sequester any amount of new budget authority, new loan guarantee commitments, new direct loan obligations, or spending authority which is required to be sequestered by subchapter I of this chapter, or
(C) does not reduce any obligation limitation by the amount by which such limitation is required to be reduced under subchapter I of this chapter,

on the claim or defense that the constitutional powers of the President prevent such sequestration or reduction or permit the avoidance of such sequestration or reduction, and such claim or defense is finally determined by the Supreme Court of the United States to be valid, then the entire order issued pursuant to section 904 of this title for such fiscal year shall be null and void.

(e) Timing of relief 
No order of any court granting declaratory or injunctive relief from the order of the President issued under section 904 of this title, including but not limited to relief permitting or requiring the expenditure of funds sequestered by such order, shall take effect during the pendency of the action before such court, during the time appeal may be taken, or, if appeal is taken, during the period before the court to which such appeal is taken has entered its final order disposing of such action.
(f) Preservation of other rights 
The rights created by this section are in addition to the rights of any person under law, subject to subsection (e) of this section.
(g) Economic data and assumptions 
The economic data and economic assumptions used by the Director of OMB in computing the figures specified in any report issued by the Director of OMB under section 904 of this title, shall not be subject to review in any judicial or administrative proceeding.
[1] See References in Text note below.