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2026-07-06 09:52:37 -04:00

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LegalText 2 U.S.C. § 934 Annual report and sequestration order us united_states_code code_section 2 THE CONGRESS 20A STATUTORY PAY-AS-YOU-GO 934 2 U.S.C. § 934 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc02@119-100.zip /us/usc/t2/s934 data/legal/raw/us/code/title-02/usc02.xml 9687a16ba22b9cd9546c2596fe0d5887f50ce154d18b3bebae07dfa38c43b654 ec6910a011de0a97d11b263bbcd649766188311e429ae6bdb5fc2cf5e6ebbb9e a1371617434b3125ebe9d29744281b34f78e3e8cc7b201968f493af336ecac4c 2026-07-04 official
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2 U.S.C. § 934 - Annual report and sequestration order

Text

(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 933(c) of this title, information about emergency legislation (if any) designated under section 933(g) of this title, information about any sequestration if required by subsection (b), and other data and explanations that enhance public understanding of this chapter 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 935 of this title. 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.

(Pub. L. 111139, title I, § 5, Feb. 12, 2010, 124 Stat. 15.)

Notes

Editorial Notes

References in TextThis chapter, referred to in subsec. (a), was in the original “this title”, meaning title I of Pub. L. 111139, Feb. 12, 2010, 124 Stat. 8, which is classified principally to this chapter. For complete classification of title I to the Code, see Short Title note set out under section 931 of this title and Tables.