RESCUE Act

I 117TH CONGRESS 1ST SESSION H. R. 1955 To temporarily modify the application of the sequester under the Statutory Pay-As-You-Go Act of 2010, and for other purposes. IN THE HOUSE OF REPRESENTATIVES MARCH 17, 2021 Mr. DONALDS (for himself, Mr. BANKS, Mr. NORMAN, and Mr. MANN) intro- duced the following bill; which was referred to the Committee on the Budget A BILL To temporarily modify the application of the sequester under the Statutory Pay-As-You-Go Act of 2010, and for other purposes. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Responsible and Effec- 4 tive Spending Cuts of Undesirable Expenditures Act’’ or 5 the ‘‘RESCUE Act’’. 6 SEC. 2. APPLICATION OF PAYGO ACT SEQUESTRATION. 7 (a) APPLICATION.— 8 VerDate Sep 11 2014 00:40 May 14, 2021 Jkt 019200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H1955.IH H1955 pbinns on DSKJLVW7X2PROD with BILLS 2 •HR 1955 IH (1) IN GENERAL.—Notwithstanding any other 1 provision of law, with respect to carrying out the 2 first sequestration order under the Statutory Pay- 3 As-You-Go Act of 2010 issued after the date of en- 4 actment of this Act, before any other direct spending 5 program (including Medicare programs described in 6 section 256(d) of the Balanced Budget and Emer- 7 gency Deficit Control Act of 1985) is reduced under 8 such order, the budgetary resources of the direct 9 spending programs described in subsection (b)— 10 (A) shall be reduced, in the order such 11 provisions are listed in such subsection, in an 12 amount equal to the amount of any reduction 13 required, but for this section, for Medicare pro- 14 grams under section 6 of the Statutory Pay-As- 15 You-Go Act of 2010; and 16 (B) after the reduction required under sub- 17 paragraph (A), shall be further reduced, in the 18 order such provisions are listed in such sub- 19 section, by the amount (if any) of the remaining 20 budget-year debit as determined under such 21 section 6. 22 (2) REGULAR PROCEDURE.—After the reduc- 23 tions required by paragraph (1), such sequestration 24 order shall be carried out with respect to direct 25 VerDate Sep 11 2014 00:40 May 14, 2021 Jkt 019200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H1955.IH H1955 pbinns on DSKJLVW7X2PROD with BILLS 3 •HR 1955 IH spending programs (excluding such Medicare pro- 1 grams) consistent with the requirements of the Stat- 2 utory Pay-As-You-Go Act of 2010. 3 (b) WASTEFUL SPENDING PROGRAMS.—The direct 4 spending programs described in this subsection are as fol- 5 lows: 6 (1) Section 9704 of the American Rescue Plan 7 Act of 2021 (Public Law 117–2) and the amend- 8 ments made by such section (relating to special fi- 9 nancial assistance program for financially troubled 10 multiemployer plans). 11 (2) Section 9901 of such Act and the amend- 12 ments made by such section (relating to coronavirus 13 State and local fiscal recovery funds). 14 (3) Title X of such Act (relating to foreign rela- 15 tions). 16 (4) Any other provision of such Act or any 17 amendment made by such provision (if applicable) 18 that is not related to the direct health care treat- 19 ment and prevention of COVID–19 in the United 20 States. 21 Æ VerDate Sep 11 2014 00:40 May 14, 2021 Jkt 019200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6301 E:\BILLS\H1955.IH H1955 pbinns on DSKJLVW7X2PROD with BILLS