One Percent Spending Reduction Act of 2013 - Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to establish the aggregate projected outlay (outlay cap) (less net interest payments) for FY2014 at the FY2013 outlay cap (as estimated by the Congressional Budget Office [CBO] before March 2013), less 1%.
Reduces each outlay cap for FY2015-FY2018 by 1% of the previous fiscal year's outlay cap (as estimated by CBO before March of such fiscal year).
Requires the outlay cap for FY2019 and each subsequent fiscal year to be 18% of the CBO-estimated gross domestic product (GDP) for that calendar year.
Amends the Congressional Budget Act of 1974 to make it out of order in both chambers to consider any bill, joint resolution, amendment, or conference report that includes any provision that would cause the most recently reported, current outlay cap to be exceeded. Prescribes procedures for waiver or suspension of this rule.
[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1202 Introduced in House (IH)]
113th CONGRESS
1st Session
H. R. 1202
To prevent a fiscal crisis by enacting legislation to balance the
Federal budget through reductions of discretionary and mandatory
spending.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
March 14, 2013
Mr. Austin Scott of Georgia (for himself, Mr. Duncan of South Carolina,
and Mr. Westmoreland) introduced the following bill; which was referred
to the Committee on the Budget, and in addition to the Committee on
Rules, for a period to be subsequently determined by the Speaker, in
each case for consideration of such provisions as fall within the
jurisdiction of the committee concerned
_______________________________________________________________________
A BILL
To prevent a fiscal crisis by enacting legislation to balance the
Federal budget through reductions of discretionary and mandatory
spending.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``One Percent Spending Reduction Act
of 2013''.
SEC. 2. CONGRESSIONAL FINDINGS AND PURPOSE.
(a) Findings.--The Congress finds the following:
(1) The fiscal crisis faced by the Federal Government
demands immediate action.
(2) The dramatic growth in spending and debt in recent
years threatens our economic and national security:
(A) Federal spending has grown from 18 percent of
GDP in 2001 to nearly 23 percent of GDP in 2012.
(B) Total Federal debt exceeds $16,000,000,000,000
and is projected to increase each year over the next 10
years.
(C) Without action, the Federal Government will
continue to run massive deficits in the next decade and
total Federal debt will rise to $26,000,000,000,000 by
2023.
(D) Interest payments on this debt will soon rise
to the point where balancing the budget as a matter of
policy is beyond the reach of Congress.
(3) Due to recent tax hikes, Federal revenues are scheduled
to rise to approximately 19 percent of GDP, a full percentage
point above the average of about 18 percent of GDP over the
past 40 years.
(4) Absent reform, the growth of Social Security, Medicare,
Medicaid, and other health-related spending will overwhelm all
other Federal programs and consume all projected tax revenues.
(b) Purpose.--The purpose of this Act is to address the fiscal
crisis by--
(1) acting quickly to balance the Federal budget and
eliminate the parade of deficits and ballooning interest
payments;
(2) achieving balance by reducing spending one percent per
year until spending equals projected long-term revenues; and
(3) reforming entitlement programs to ensure long-term
fiscal stability and balance.
SEC. 3. ESTABLISHMENT AND ENFORCEMENT OF SPENDING CAP.
(a) Outlay Caps.--The Balanced Budget and Emergency Deficit Control
Act of 1985 is amended by inserting after section 253 the following:
``SEC. 253A. ESTABLISHING OUTLAY CAPS.
``In this section, the term `outlay cap' means:
``(a) Fiscal Year 2014.--For fiscal year 2014, the aggregate
projected outlays (less interest payments) for fiscal year 2013 (as
estimated by the Congressional Budget Office prior to March, 2013),
less one percent.
``(b) Fiscal Year 2015.--For fiscal year 2015, the aggregate
projected outlays (less interest payments) for fiscal year 2014 (as
estimated by the Congressional Budget Office prior to March, 2014),
less one percent.
``(c) Fiscal Year 2016.--For fiscal year 2016, the aggregate
projected outlays (less interest payments) for fiscal year 2015 (as
estimated by the Congressional Budget Office prior to March, 2015),
less one percent.
``(d) Fiscal Year 2017.--For fiscal year 2017, the aggregate
projected outlays (less interest payments) for fiscal year 2016 (as
estimated by the Congressional Budget Office prior to March, 2016),
less one percent.
``(e) Fiscal Year 2018.--For fiscal year 2018, the aggregate
projected outlays (less interest payments) for fiscal year 2017 (as
estimated by the Congressional Budget Office prior to March, 2017),
less one percent.
``(f) Fiscal Year 2019 and Subsequent Fiscal Years.--For fiscal
year 2019 and for each subsequent fiscal year, 18 percent of Gross
Domestic Product for that calendar year (as estimated by the
Congressional Budget Office prior to March of the previous fiscal
year).''.
(b) Conforming Amendments to BBEDCA.--
(1) Sequestration preview reports.--Section 254(c)(4) of
the Balanced Budget and Emergency Deficit Control Act of 1985
is amended to read as follows:
``(4) Outlay cap sequestration reports.--The preview
reports shall set forth for the budget year estimates for the
following:
``(A)(i) For each of budget years 2014 through
2019: the aggregate projected outlays (less net
interest payment), less one percent.
``(ii) For budget year 2020 and each subsequent
budget year: the estimated gross domestic product (GDP)
for that budget year.
``(B) The amount of reductions required under
section 253A.
``(C) The sequestration percentage necessary to
achieve the required reduction under section 253A.''.
(2) Final sequestration reports.--Section 254(f)(3) of the
Balanced Budget and Emergency Deficit Control Act of 1985 is
amended to read as follows:
``(3) Outlay caps sequestration reports.--The final reports
shall contain all the information required in the outlay cap
sequestration preview reports. In addition, these report 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 sources to be sequestered and result in outlay
reductions. The report shall also contain estimates of the
effects on outlays on the sequestration of each outyear for
direct spending programs.''.
(c) Enforcement.--Title III of the Congressional Budget Act of 1974
is amended by adding after section 315 the following:
``SEC. 316. ENFORCEMENT PROCEDURES.
``(a) Outlay Caps.--It shall not be in order in the House of
Representatives or the Senate to consider any bill, joint resolution,
amendment, or conference report that includes any provision that would
cause the most recently reported, current outlay cap set forth in
section 253A of the Balanced Budget and Emergency Deficit Control Act
of 1985 to be breached.
``(b) Waiver or Suspension.--
``(1) In the senate.--The provisions of this section may be
waived or suspended in the Senate only by the affirmative vote
of two-thirds of the Members, duly chosen and sworn.
``(2) In the house.--The provisions of this section may be
waived or suspended in the House of Representatives only by a
rule or order proposing only to waive such provisions by an
affirmative vote of two-thirds of the Members, duly chosen and
sworn.
``(c) Point of Order Protection.--In the House, it shall not be in
order to consider a rule or order that waives the application of
paragraph (2) of subsection (b).
``(d) Motion To Suspend.--It shall not be in order for the Speaker
to entertain a motion to suspend the application of this section under
clause 1 of rule XV.''.
SEC. 4. CONFORMING AMENDMENTS.
The table of contents set forth in--
(1) section 1(b) of the Congressional Budget and
Impoundment Control Act of 1974 is amended by inserting after
the item relating to section 315 the following new item:
``Sec. 316. Enforcement procedures.'';
and
(2) section 250(a) of the Balanced Budget and Emergency
Deficit Control Act of 1985 is amended by inserting after the
item relating to section 253 the following new item:
``Sec. 253A. Establishing outlay caps.''.
SEC. 5. EFFECTIVE DATE.
This Act and the amendments made by it shall apply to fiscal year
2014 and subsequent fiscal years, including any reports and
calculations required for implementation in fiscal year 2014.
<all>
Introduced in House
Introduced in House
Referred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on the Budget, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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