To require a sequestration of certain direct spending.

SA 929. Mr. PAUL submitted an amendment intended to be proposed by
him to the bill H.R. 1327, to extend authorization for the September
11th Victim Compensation Fund of 2001 through fiscal year 2092, and for
other purposes; which was ordered to lie on the table; as follows:

SEC. 5. SEQUESTRATION.

(a) Definitions.--In this section--
(1) the terms ``direct spending'' and ``sequestration''
have the meanings given such terms in section 250(c) of the
Balanced Budget and Emergency Deficit Control Act of 1985 (2
U.S.C. 900(c)); and
(2) the term ``nonexempt direct spending'' means all direct
spending except--
(A) direct spending for 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.);
(B) direct spending for the Medicare program under title
XVIII of the Social Security Act (42 U.S.C. 1395 et seq.);
(C) direct spending for net interest (all of major
functional category 900);
(D) direct spending for any program administered by the
Department of Veterans Affairs;
(E) direct spending for Special Benefits for Certain World
War II Veterans (28-0401-0-1-701); and
(F) direct spending for the child nutrition program (as
defined in section 25(b) of the Richard B. Russell National
School Lunch Act (42 U.S.C. 1769f(b)).
(b) Sequestration Orders.--
(1) In general.--For fiscal year 2020, as soon as is
practicable after the date of enactment of this Act, and on
the dates the Office of Management and Budget issues its
sequestration preview reports for each of fiscal years 2021
through 2025, pursuant to section 254(c) of the Balanced
Budget and Emergency Deficit Control Act of 1985 (2 U.S.C.
904(c)), the President shall order a sequestration, effective
upon issuance, that reduces all nonexempt direct spending by
the uniform percentage necessary to reduce the total amount
of nonexempt direct spending for such fiscal year by
$2,036,000,000.
(2) Implementation.--When implementing the sequestration of
nonexempt direct spending under paragraph (1), the Office of
Management and Budget--
(A) shall follow the procedures specified in section 6 of
the Statutory Pay-As-You-Go Act of 2010 (2 U.S.C. 935) and
the special rules specified in section 256 of the Balanced
Budget and Emergency Deficit Control Act of 1985 (2 U.S.C.
906); and
(B) shall not follow the exemptions specified in section
255 of the Balanced Budget and Emergency Deficit Control Act
of 1985 (2 U.S.C. 905).

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