Bill > HR3787

This bill requires the Director of the Office of Management and Budget (OMB) to implement a sequestration process for emergency spending, which means automatically reducing federal spending across various accounts to offset the cost of emergency appropriations. Under this legislation, when emergency spending occurs in a fiscal year, the OMB Director must issue sequestration orders for the subsequent five fiscal years that reduce budgetary resources by one-fifth of the total emergency spending amount. The bill mandates that these reductions apply uniformly across programs, with some specific exemptions including Social Security benefits, national defense accounts, Veterans Affairs programs, and Medicare. Additionally, the bill requires Congress to provide detailed justifications for any emergency spending, explaining why the spending meets the definitions of "emergency" and "unanticipated" as defined in existing budget control laws. The sequestration process would apply differently to discretionary and direct spending, ensuring that reductions only occur within the same type of spending category. The bill aims to increase fiscal accountability and transparency by creating a mechanism to offset the financial impact of emergency spending over time.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/3787/all-info