^®: CRE Regulatory Action of the Week

OMB Publishes 2017 Sequestration Report
The U.S. Office of Management and Budget has issued issuing the OMB Sequestration Update Report to the President and Congress for Fiscal Year 2017. This Report is on the status of the discretionary caps and on the compliance of pending discretionary appropriations legislation with those caps. For fiscal year 2016, the report finds enacted appropriations to be within the spending limits. The report also finds that 2016 supplemental funding amounts for Zika virus response included in Divisions B and D of the pending Military Construction, Veterans Affairs, and related Agencies Appropriations Act, 2017 and Zika Response and Preparedness Conference Report would not breach the 2016 limits if enacted.