Bill > S18

This bill, titled the "Sequester Replacement and Spending Reduction Act of 2013," aims to replace the automatic spending cuts known as "sequester" that were established by the Budget Control Act of 2011, which amended the Balanced Budget and Emergency Deficit Control Act of 1985. The bill proposes various measures to achieve this, including reducing discretionary spending caps by $10 billion in both the security and non-security categories for fiscal year 2013, modifying utility allowance rules for energy assistance programs, requiring Social Security numbers to claim the refundable portion of the Child Tax Credit, and ending unemployment benefits for individuals with an adjusted gross income of $1 million or more. It also seeks to bring the Bureau of Consumer Financial Protection into the regular appropriations process, implement new rules for congressional budget action, prevent duplicative government programs, extend a pay freeze for federal employees and Members of Congress, and reform retirement contributions for federal employees and Members of Congress. Additionally, the bill includes provisions to adjust cost-sharing under the Affordable Care Act (ACA) and specifies that its budgetary effects will not be counted on certain "PAYGO" (Pay-As-You-Go) scorecards, which track spending and revenue changes to ensure they are offset.