June 22, 2012
Senate Bill Requires Reports on Impact of Sequestration
Yesterday, the Senate passed a five-year reauthorization of farm legislation (S 3240) that includes a bipartisan amendment requiring detailed reports on the effects of the pending budget sequestration on both defense and nondefense discretionary spending. The amendment would require three reports: one from the Office of Management and Budget (OMB) on the overall budget figures under sequestration; one from the Pentagon on the impact on defense spending; and one from the President explaining how he would implement a sequester and what the effects would be across the board, including impacts to nondefense spending.
Senators Patty Murray (D-WA) and John McCain (R-AZ) lead the effort to get this language included in the farm bill. The Pentagon report would be due August 15, the OMB report would be due within 30 days of enactment of the farm bill, and the President would be required to issue his report within 60 days of enactment.