Sequestration Transparency Act of 2012

(This measure has not been amended since it was reported to the House on July 2, 2012. The summary of that version is repeated here.)

Sequestration Transparency Act of 2012 - Requires the President, within 30 days after the enactment of this Act, to submit to Congress a detailed report on the implementation of certain discretionary reductions (in security and nonsecurity categories) and nonexempt direct spending reductions in the sequestration ordered by the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) for FY2013 on January 2, 2013.

(The Gramm-Rudman-Hollings Act was amended by the Budget Control Act of 2011 to revise the discretionary spending limits and reduce the discretionary appropriations and direct spending specified in the Gramm-Rudman-Hollings Act unless a joint committee bill achieving an amount greater than $1.2 trillion in deficit reduction would be enacted by January 15, 2012.)

Requires the head of each executive agency, upon the request of the Director of the Office of Management and Budget (OMB) (in assisting the President in preparation of the report), to provide to the Director promptly any information at the program, project, and activity level necessary for the Director to prepare the report.

[112th Congress Public Law 155]
[From the U.S. Government Publishing Office]



[[Page 126 STAT. 1210]]

Public Law 112-155
112th Congress

                                 An Act


 
  To require the President to provide a report detailing the sequester 
        required by the Budget Control Act of 2011 on January 2, 
              2013. <<NOTE: Aug. 7, 2012 -  [H.R. 5872]>> 

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, <<NOTE: Sequestration 
Transparency Act of 2012.>> 
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Sequestration Transparency Act of 
2012''.
SEC. 2. SEQUESTER PREVIEW.

    (a) <<NOTE: Deadlines.>>  In General.--Not later than 30 days after 
the date of enactment of this Act, the President shall submit to 
Congress a detailed report on the sequestration required to be ordered 
by paragraphs (7)(A) and (8) of section 251A of the Balanced Budget and 
Emergency Deficit Control Act of 1985 (2 U.S.C. 901a) for fiscal year 
2013 on January 2, 2013.

    (b) Contents of Report.--The report required by subsection (a) shall 
include--
            (1) for discretionary appropriations--
                    (A) an estimate for each category of the 
                sequestration percentages and amounts necessary to 
                achieve the required reduction; and
                    (B)(i) for accounts that are funded pursuant to an 
                enacted regular appropriation bill for fiscal year 2013, 
                an identification of each account to be sequestered and 
                estimates of the level of sequestrable budgetary 
                resources and resulting reductions at the program, 
                project, and activity level based upon the enacted level 
                of appropriations; and
                    (ii) for accounts that have not been funded pursuant 
                to an enacted regular appropriation bill for fiscal year 
                2013, an identification of each account to be 
                sequestered and estimates pursuant to a continuing 
                resolution at a rate of operations as provided in the 
                applicable appropriation Act for fiscal year 2012 of the 
                level of sequestrable budgetary resources and resulting 
                reductions at the program, project, and activity level;
            (2) for direct spending--
                    (A) an estimate for the defense and nondefense 
                functions based on current law of the sequestration 
                percentages and amount necessary to achieve the required 
                reduction; and
                    (B) an identification of the reductions required for 
                each nonexempt direct spending account at the program, 
                project, and activity level;

[[Page 126 STAT. 1211]]

            (3) an identification of all exempt discretionary accounts 
        and of all exempt direct spending accounts; and
            (4) any other data and explanations that enhance public 
        understanding of the sequester and actions to be taken under it.

    (c) Agency Assistance.--(1) Upon the request of the Director of the 
Office of Management and Budget (in assisting the President in the 
preparation of the report under subsection (a)), the head of each 
agency, after consultation with the chairs and ranking members of the 
Committees on Appropriations of the House of Representatives and the 
Senate, shall promptly provide to the Director information at the 
program, project, and activity level necessary for the Director to 
prepare the report under subsection (a).
    (2) <<NOTE: Definition.>>  As used in this subsection, the term 
``agency'' means any executive agency as defined in section 105 of title 
5, United States Code.

    Approved August 7, 2012.

LEGISLATIVE HISTORY--H.R. 5872:
---------------------------------------------------------------------------

HOUSE REPORTS: No. 112-577 (Comm. on the Budget).
CONGRESSIONAL RECORD, Vol. 158 (2012):
            July 18, considered and passed House.
            July 25, considered and passed Senate.

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