{
  "id": "R45941",
  "type": "CRS Report",
  "typeId": "REPORTS",
  "number": "R45941",
  "active": true,
  "source": "EveryCRSReport.com",
  "versions": [
    {
      "source": "EveryCRSReport.com",
      "id": 605944,
      "date": "2019-10-04",
      "retrieved": "2019-10-10T22:19:17.804123",
      "title": "The Annual Sequester of Mandatory Spending through FY2029",
      "summary": "The Budget Control Act of 2011 (BCA; P.L. 112-25) included two parts: discretionary spending caps, plus a \u201cJoint Committee process\u201d to achieve an additional $1.2 trillion in budgetary savings over FY2013-FY2021.\nFor the initial tranche of savings, the BCA placed statutory limits on discretionary spending for each fiscal year from FY2012 through FY2021. At the time of enactment, the BCA discretionary spending caps were projected to save $917 billion.\nFor the second, and larger, tranche of savings, the BCA established a bipartisan, bicameral Joint Select Committee on Deficit Reduction (\u201cJoint Committee\u201d) to negotiate a broad deficit reduction package to save another $1.5 trillion through FY2021. As a fallback, the BCA provided that automatic spending reductions would be triggered if Congress did not enact at least $1.2 trillion in budget savings by January 15, 2012. \nThe deadline was not met, which triggered the BCA\u2019s $1.2 trillion in automatic spending reductions. The automatic reductions were designed to achieve $1.2 trillion in budgetary savings by reducing both discretionary and mandatory spending in each year through FY2021.\nThe largest share of the $1.2 trillion in additional savings was to be achieved by reducing the discretionary spending caps and the remainder through annual across-the-board cuts (sequestration) in all nonexempt mandatory spending. \nThe mandatory spending portion of the automatic reductions (referred to in this report as the \u201cJoint Committee sequester\u201d) has been fully implemented in each year since FY2013. It has been extended five times and is now, under current law, effective for each fiscal year through FY2029. \nThis report explains\nthe BCA provisions that established and triggered the Joint Committee sequester,\nthe annual sequester calculations by OMB,\nthe extension and calculation of the Joint Committee sequester through FY2029,\nthe broad scope of the sequester across the federal budget, and \nsequester exemptions and special rules. \nThe appendixes include a table summarizing each sequester since FY2013, a summary of the FY2020 sequester reductions, the text of the FY2020 sequester order, the text of the OMB sequester calculation, a list of mandatory sequester exemptions, and additional CRS resources on sequestration.",
      "type": "CRS Report",
      "typeId": "REPORTS",
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      "topics": []
    }
  ],
  "topics": [
    "Health Policy",
    "Intelligence and National Security",
    "Legislative Process",
    "National Defense"
  ]
}