In an effort to shield $600 billion in defense spending from sequestration, House Budget Committee Chairman Paul Ryan (WI) has introduced a pair of bills that would generate savings in some manner other than the current sequestration plan in the Budget Control Act.
The Sequester Replacement Act would reduce the discretionary spending cap set by the Budget Control Act for FY13 by $19 billion. It also prohibits defense spending from being subject to sequestration in FY13. This would shift all of the savings required by the Budget Control Act to fall on non-defense discretionary spending, including education programs.
The House budget resolution included reconciliation instructions for six committees â€“ Agriculture, Energy and Commerce, Financial Services, Judiciary, Oversight and Government Reform and Ways and Means â€“ to save $260 billion over ten years. The resulting bill, the Sequester Replacement Reconciliation Act, makes cuts to mandatory programs within these six committees in exchange for stopping sequestration in 2013. More information on specific cuts to programs under the committeesâ€™ jurisdictions can be found here.
Both bills are expected to be on the House floor for votes next week.
Nancy Conneely, Public Policy Manager