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Title 2—THE CONGRESS > CHAPTER 20—EMERGENCY POWERS TO ELIMINATE BUDGET DEFICITS > SUBCHAPTER I—ELIMINATION OF DEFICITS IN EXCESS OF MAXIMUM DEFICIT AMOUNT

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Text

The timetable with respect to this subchapter for any budget year is as follows:

Date:

Action to be completed:

January 21

Notification regarding optional adjustment of maximum deficit amount.

5 days before the President’s budget submission

CBO sequestration preview report.

The President’s budget submission

OMB sequestration preview report.

August 10

Notification regarding military personnel.

August 15

CBO sequestration update report.

August 20

OMB sequestration update report.

10 days after end of session

CBO final sequestration report.

15 days after end of session

OMB final sequestration report; Presidential order.

( Pub. L. 99–177, title II, § 254 , Dec. 12, 1985 , 99 Stat. 1078 ; Pub. L. 100–119, title I , §§ 102(b)(1), 106(e)(2), Sept. 29, 1987 , 101 Stat. 773 , 781; Pub. L. 101–508, title XIII, § 13101(a) , Nov. 5, 1990 , 104 Stat. 1388–586 ; Pub. L. 103–66, title XIV , §§ 14002(c)(2), 14003(b), Aug. 10, 1993 , 107 Stat. 684 , 685; Pub. L. 103–322, title XXXI, § 310001(g)(2) , Sept. 13, 1994 , 108 Stat. 2105 ; Pub. L. 104–316, title I, § 102(d) , Oct. 19, 1996 , 110 Stat. 3828 ; Pub. L. 105–33, title X, § 10206 , Aug. 5, 1997 , 111 Stat. 704 ; Pub. L. 112–25, title I, § 103 , Aug. 2, 2011 , 125 Stat. 246 ; Pub. L. 113–67, div. A, title I, § 121(3) , (4), Dec. 26, 2013 , 127 Stat. 1175 ; Pub. L. 118–5, div. A, title I, § 101(c) , June 3, 2023 , 137 Stat. 13 .)

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