S-Paygo (Contents)

Statutory Pay-As-You-Go Act of 2010

Pub. L. 111-139; ; 124 Stat. 8; Feb. 12, 2010; H.J. Res. 45 (111th Congress)

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 TITLE I—STATUTORY PAY-AS-YOU-GO ACT OF 2010
sec. 5. ANNUAL REPORT AND SEQUESTRATION ORDER.

(a) Annual Report.—Not later than 14 days (excluding weekends and holidays) after Congress adjourns to end a session, OMB shall make publicly available and cause to be printed in the Federal Register an annual PAYGO report. The report shall include an up-to-date document containing the PAYGO scorecards, a description of any current policy adjustments made under section 4(c), information about emergency legislation (if any) designated under section 4(g), information about any sequestration if required by subsection (b), and other data and explanations that enhance public understanding of this title and actions taken under it.

(b) Sequestration Order.—If the annual report issued at the end of a session of Congress under subsection (a) shows a debit on either PAYGO scorecard for the budget year, OMB shall prepare and the President shall issue and include in that report a sequestration order that, upon issuance, shall reduce budgetary resources of direct spending programs by enough to offset that debit as prescribed in section 6. If there is a debit on both scorecards, the order shall fully offset the larger of the two debits. OMB shall transmit the order and the report to the House of Representatives and the Senate. If the President issues a sequestration order, the annual report shall contain, for each budget account to be sequestered, estimates of the baseline level of budgetary resources subject to sequestration, the amount of budgetary resources to be sequestered, and the outlay reductions that will occur in the budget year and the subsequent fiscal year because of that sequestration.

 

 

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Section 4 (S-Paygo)

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Section 6 (S-Paygo)

COUNSEL NOTES
Codification

This section is to the U.S. Code at 2 U.S.C. 934.

S-PAYGO Section-by-Section (Congressional Record)

The Statutory Pay-As-You-Go Act of 2010 (Pub. L. 111-139) does not have a formal report for it. Senator Kent Conrad (D-ND) inserted a section-by-section in the Congressional Record, which summarized this section:   

Section 5. Annual Report and Sequestration Order: Section 5 defines the timing of the annual PAYGO report and, if one is needed, the sequestration order. OMB is to produce an annual PAYGO report, which shall include up-to-date PAYGO scorecards and a description of any sequestration if required. The report is to be released no more than 14 days (excluding weekends and legal holidays) after Congress adjourns to end a session.

If the annual report shows a debit (i.e., net budgetary cost) on either PAYGO scorecard for the budget year, the President is required to issue an order sequestering budgetary resources from non-exempt mandatory programs sufficient to fully pay off that debit. If it shows a debit on both the five-year and ten-year scorecards, the sequestration must pay off the larger debit. If the President issues this order, then the PAYGO annual report must contain its details, including such information as the outlay reductions that would occur in the budget year and the subsequent fiscal year for each affected account.

Because the PAYGO statute creates a permanent law, the two scorecards are permanent. In effect, they will record all PAYGO legislation enacted from the date the bill becomes law. The cost estimates of individual PAYGO bills, however, will eventually slide off the scorecards since only the five-year or ten-year costs are recorded on those scorecards. For example, a PAYGO bill enacted later this year will show cost or savings entries of the same size (the average amount through 2015) for each fiscal year 2011 through 2015 on the five-year scorecard. Next year, new PAYGO legislation will add entries to the five-year scorecard covering years 2012-2016. The entries made this year in the 2012-2015 columns of that scorecard will remain on that scorecard, however. If those entries are net savings, the savings will be available to cover costs in new legislation, but if they are net debits, avoiding a sequestration at the end of each of the next four sessions of Congress will require that the net debits be worked off by the enactment of new offsetting savings. The same approach applies to the ten-year scorecard.


LEGISLATIVE HISTORY NOTES
PUBLIC LAWS

Pub. L. 111–139, title I, §5, Feb. 12, 2010, 124 Stat. 15 (Statutory Pay-As-You-Go Act of 2010).

References in Text

The reference in subsection (a) to “this title” means title I of Pub. L. 111–139, Feb. 12, 2010, 124 Stat. 8  (Statutory Pay-As-You-Go Act of 2010).


Statutory Pay-As-You-Go Act Annual Report

2012 Statutory Pay-As-You-Go Act Annual Report

2013 Statutory Pay-As-You-Go Act Annual Report

2014 Statutory Pay-As-You-Go Act Annual Report

2015 Statutory Pay-As-You-Go Act Annual Report (Federal Register: Vol. 82, No. 16:Thursday, January 26, 2017: Notices)

2015 Statutory Pay-As-You-Go Act Annual Report

2016 Statutory Pay-As-You-Go Act Annual Report (Federal Register:Vol. 82, No. 16: Thursday, January 26, 2017: Notices)

2016 Statutory Pay-As-You-Go Act Annual Report

2017 Statutory Pay-As-You-Go Act Annual Report


See also: Fed Web on Paygo

 

 

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Section 4 (S-Paygo)

Next:

Section 6 (S-Paygo)

 

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[BCR § 285]