This bill provides that any sequestration ordered by the President under the Balanced Budget and Emergency Deficit Control Act of 1985 is inapplicable to funding of the Securities Investor Protection Corporation. (Sequestration is a process of automatic, usually across-the-board spending reductions under which budgetary resources are permanently cancelled to enforce specific budget policy goals.)
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Timeline
Introduced in Senate
Read twice and referred to the Committee on the Budget.
Introduced in Senate
Read twice and referred to the Committee on the Budget.
Finance and Financial Sector
AppropriationsBudget deficits and national debtFinancial crises and stabilizationFinancial services and investmentsSecurities
A bill to clarify that funding for the Securities Investor Protection Corporation is not subject to the sequester.
USA115th CongressS-2816| Senate
| Updated: 5/10/2018
This bill provides that any sequestration ordered by the President under the Balanced Budget and Emergency Deficit Control Act of 1985 is inapplicable to funding of the Securities Investor Protection Corporation. (Sequestration is a process of automatic, usually across-the-board spending reductions under which budgetary resources are permanently cancelled to enforce specific budget policy goals.)