Like Countable?

Install the App
TRY NOW

bill Progress


  • Not enacted
    The President has not signed this bill
  • The house has not voted
  • The senate has not voted
      senate Committees
      Senate Committee on the Budget
    IntroducedNovember 7th, 2013

What is it?

This bill would exempt certain state payments from automatic budget cuts known as sequestration. In 2011, Congress said if they couldn't reduce the deficit by $4 trillion, about $1 trillion in budget cuts would automatically kick in in 2013. Congress didn't, and the cuts have, and this has meant that states aren't getting payments owed to them. 

The bill deals with payments tied to three separate Acts--the Mineral Leasing Act (MLA), the Gulf of Mexico Energy Security Act (GOMESA), and the RESTORE Act--in addition to the Wildlife and Sport Fish Restoration Program. States are currently on a one-year delay for receiving these funds, which are managed by the U.S. Department of the Interior and the Office of Management and Budget (OMB). None of the accounts are funded with taxpayer dollars. Save for the Restoration Program, this is private sector (coal, oil) money paid to the federal government in order to lease land. This money is held by the federal government, and ultimately re-disbursed to states. (The Restoration Program is different, and involves competitive grants.) The bill, then, would make sure that our national deficit and Congress's lack of ability to solve our debt does not affect the re-disbursement of these funds. 

Impact

If enacted, the bill would provide more certainty for states, in regard to financial planning, as they would be assured that the national debt would not interrupt distribution of funds tied to these acts.

Cost

A CBO cost estimate is currently unavailable.

AKA

Return Our State Shares Act

Official Title

A bill to exempt certain payments to States from sequestration.

    There are currently no opinions on this bill, be the first to add one!