Page:United States Statutes at Large Volume 104 Part 2.djvu/983

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PUBLIC LAW 101-508 —NOV. 5, 1990 104 STAT. 1388-575 " SEC. 250. TABLE OF CONTENTS; STATEMENT OF BUDGET ENFORCEMENT 2 USC 900. THROUGH SEQUESTRATION; DEFINITIONS. "(a) TABLE OF CONTENTS. — "Sec. 250. Table of contents; budget enforcement statement; definitions. " Sec. 251. Enforcing discretionary spending limits. "Sec. 252. Enforcing pay-as -you-go. "Sec. 253. Enforcing deficit targets. "Sec. 254. Reports and orders. "Sec. 255. Exempt programs and activities. " Sec. 256. Special rules. "Sec. 257. The baseline. "Sec. 258. Suspension in the event of war or low growth. "Sec. 258A. Modification of presidential order. "Sec. 258B. Alternative defense sequestration. "Sec. 258C. Special reconciliation process. "(b) GENERAL STATEMENT OF BUDGET ENFORCEMENT THROUGH SEQUESTRATION. — This part provides for the enforcement of the deficit reduction assumed in House Concurrent Resolution 310 (101st Congress, second session) and the applicable deficit targets for fiscal years 1991 through 1995. Enforcement, as necessary, is to be implemented through sequestration— "(1) to enforce discretionary spending levels assumed in that resolution (with adjustments as provided hereinafter); "(2) to enforce the requirement that any legislation increasing direct spending or decreasing revenues be on a pay-as-you-go basis; and "(3) to enforce the deficit targets specifically set forth in the Congressional Budget and Impoundment Control Act of 1974 (with adjustments as provided hereinafter); applied in the order set forth above. " (c) DEFINITIONS.— "As used in this part: "(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 (but including the treatment specified in section 257(b)(3) of the Hospital Insurance Trust Fund) and the terms 'maximum deficit amount' and 'discretionary spending limit' shall mean the amounts specified in section 601 of that Act as adjusted under sections 251 and 253 of this Act. '(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 category's discretionary spending limit for new budget authority or outlays for that year, as the case may be. "(4) The term 'category' means: "(A) For fiscal years 1991, 1992, and 1993, any of the following subsets of discretionary appropriations: defense, international, or domestic. Discretionary appropriations in each of the three categories shall be those so designated in the joint statement of managers accompanying the conference report on the Omnibus Budget Reconciliation Act of 1990. New accounts or activities shall be categorized in consultation with the Committees on Appropriations and the Budget of the House of Representatives and the Senate.