FCRF (Contents)

Federal Capital Revolving Fund

Section 10

SEC. 10. SEQUESTRATION.

Section 255(g)(1)(A) of the Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C. 905(g)(1)(A)) is amended by inserting “Federal Capital Revolving Fund (47-4614-0-4-804)” after “Farm Credit System Insurance Corporation, Farm Credit Insurance Fund (78-4171-0-3-351).”.

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Counsel Notes

The Federal Capital Revolving Fund Act of 2018 is proposed legislation that would reform the way the Federal Government purchases capital assets. 

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Additional Information

Section-by-Section for the Federal Capital Revolving Fund Act of 2018

Sec. 10. Sequestration. This section adds the Fund to the list of programs that are exempt from sequestration. To the extent that a sequestration is required, it would apply to discretionary appropriations received by purchasing agencies.

[From the Budget Process section of the Analytical Perspectives volume of the President’s Fiscal Year 2020 Presidential Submission; pp. 138-140.]

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[BCR §009]