Editor’s Note: Sequestration has the potential to have a major adverse impact of federal cybersecurity. An advance copy of an OMB Federal Register notice transitting the August 20th Sequestration Update Report to the President and Congress for FY ’13 is attached here. The OMB Report is attached here. The FR notice’s Summary section is reprinted below.
SUMMARY: P.L. 112–25, the Budget Control Act of 2011 (BCA, “the Act”) amended the Balanced Budget and Emergency Deficit Control Act of 1985 (BBEDCA) by reinstating the discretionary spending limits that had expired after 2002. Section 254 of the BBEDCA requires the Office of Management and Budget (OMB) to issue a Sequestration Update Report on August 20th of each year on the overall status of discretionary legislation. This report provides OMB’s current estimates of the spending limits set in the Act and OMB’s scoring of pending appropriations legislation against those limits as of August 2012. As required, these estimates rely on the same economic and technical assumptions used in the President’s 2013 Budget, which the Administration transmitted to the Congress on February 13, 2012.
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