2013 Statutory Pay-as-You-Go Act Annual Report, 4980-4981 [2014-01805]

Download as PDF 4980 Federal Register / Vol. 79, No. 20 / Thursday, January 30, 2014 / Notices III. Authority and Signature David Michaels, Ph.D., MPH, Assistant Secretary of Labor for Occupational Safety and Health, 200 Constitution Avenue NW., Washington, DC 20210, authorized the preparation of this notice. Accordingly, the Agency is issuing this notice pursuant to Section 8(g)(2) of the Occupational Safety and Health Act of 1970 (29 U.S.C. 657(g)(2)), Secretary of Labor’s Order No. 1–2012 (77 FR 3912, Jan. 25, 2012), and 29 CFR 1910.7. Signed at Washington, DC, on January 27, 2014. David Michaels, Assistant Secretary of Labor for Occupational Safety and Health. [FR Doc. 2014–01860 Filed 1–29–14; 8:45 am] BILLING CODE 4510–26–P OFFICE OF MANAGEMENT AND BUDGET 2013 Statutory Pay-as-You-Go Act Annual Report Authority: 2 U.S.C. 934 AGENCY: Office of Management and Budget (OMB). ACTION: Notice. This report is being published as required by the Statutory Pay-AsYou-Go (PAYGO) Act of 2010, 2 U.S.C. 931 et seq. The Act requires that OMB issue (1) an annual report as specified in 2 U.S.C. 934(a) and (2) a sequestration order, if necessary. FOR FURTHER INFORMATION CONTACT: Patrick Locke. 202–395–3672. SUPPLEMENTARY INFORMATION: This report and additional information about the PAYGO Act can be found at http:// www.whitehouse.gov/omb/paygo_ default. SUMMARY: mstockstill on DSK4VPTVN1PROD with NOTICES Courtney Timberlake, Assistant Director for Budget. This Report is being published pursuant to section 5 of the Statutory Pay-As-You-Go (PAYGO) Act of 2010, Public Law 111–139, 124 Stat. 8, 2 U.S.C. 934, which requires that OMB issue an annual PAYGO report, including a sequestration order if necessary, no later than 14 working days after the end of a congressional session. This Report describes the budgetary effects of all legislation enacted during the first session of the 113th Congress and presents the 5-year and 10-year PAYGO scorecards maintained by OMB. Because neither the 5-year nor 10-year scorecard shows a debit for the budget year, which for purposes of this Report VerDate Mar<15>2010 18:24 Jan 29, 2014 Jkt 232001 is fiscal year 2014,1 a sequestration order under subsection 5(b) of the PAYGO Act, 2 U.S.C § 934(b), is not necessary. No legislation was enacted with an emergency designation under section 4(g) of the PAYGO Act, 2 U.S.C. 933(g), during the first session of the 113th Congress. In addition, the scorecards include no current policy adjustments made under section 4(c) of the PAYGO Act, 2 U.S.C. 933(c), for legislation enacted during the first session of the 113th Congress. The authority for current policy adjustments expired as of December 31, 2011. For these reasons, the Report does not contain any information about emergency legislation or a description of any current policy adjustments. I. PAYGO Legislation With Budgetary Effects PAYGO legislation is authorizing legislation that affects direct spending or revenues; and appropriations legislation that affects direct spending in the years beyond the budget year or affects revenues in any year.2 For a more complete description of the Statutory PAYGO Act, see the OMB Web site, http://www.whitehouse.gov/omb/ paygo_description, and Chapter 11, ‘‘Budget Concepts,’’ of the Analytical Perspectives volume of the 2014 Budget, http://www.whitehouse.gov/sites/ default/files/omb/budget/fy2014/assets/ concepts.pdf. The 5-year PAYGO scorecard shows that PAYGO legislation enacted in the first session of the 113th Congress was estimated to have PAYGO budgetary effects that increased the deficit by an average of $25 million each year from 2014 through 2018.3 Balances carried 1 References to years on the PAYGO scorecards are to fiscal years. 2 Provisions in appropriations acts that affect direct spending in the years beyond the budget year (also known as ‘‘outyears’’) or affect revenues in any year are scorable for the purposes of the PAYGO scorecards except if the provisions produce outlay changes that net to zero over the current year, budget year, and the four subsequent years. As specified in section 3 of the Statutory PAYGO Act, off-budget effects are not counted as budgetary effects. Off-budget effects refer to effects on the Social Security trust funds (Old-Age and Survivors Insurance and Disability Insurance) and the Postal Service. 3 As provided in section 4(d) of the PAYGO Act, 2 U.S.C. 933(d), budgetary effects on the PAYGO scorecards are based on congressional estimates for bills including a reference to a congressional estimate in the Congressional Record, and for which such a reference is indeed present in the Record. Absent such a congressional cost estimate, OMB is required to use its own estimate for the scorecard. None of the bills enacted during the first session of the 113th Congress had such a congressional estimate and therefore OMB was required to provide an estimate for all PAYGO laws enacted during the session. PO 00000 Frm 00117 Fmt 4703 Sfmt 4703 over from prior sessions of the Congress more than offset the deficit increases being shown on the 5-year scorecard in years 2014, 2015, and 2017, but would add to the deficit increase in 2016. The 10-year PAYGO scorecard shows that PAYGO legislation for the first session of the 113th Congress increased the deficit by an average of $7 million each year from 2014 through 2023. Balances from prior sessions more than offset the deficit increases in years 2014 through 2022. In the first session of the 113th Congress, 21 laws were enacted that were determined to constitute PAYGO legislation. Of the 21 enacted PAYGO laws, 9 laws were estimated to have PAYGO budgetary effects (costs or savings) in excess of $500,000 over one or both of the 5-year or 10-year PAYGO windows. These were: • Consolidated and Further Continuing Appropriations Act, 2013, Public Law 113–6; • Bonneville Unit Clean Hydropower Facilitation Act, Public Law 113–20; • Bureau of Reclamation Small Conduit Hydropower Development and Rural Jobs Act, Public Law 113–24; • Department of Veterans Affairs Expiring Authorities Act of 2013, Public Law 113–37; • Helium Stewardship Act of 2013, Public Law 113–40; • An Act to extend the period during which Iraqis who were employed by the United States Government in Iraq may be granted special immigrant status and to temporarily increase the fee or surcharge for processing machinereadable nonimmigrant visas, Public Law 113–42; • Congressional Award Program Reauthorization Act of 2013; • Continuing Appropriations Act, 2014, Public Law 113–46; and • National Defense Authorization Act for Fiscal Year 2014, Public Law 113– 66. Finally, in addition to the laws identified above, 12 laws enacted in this session were estimated to have negligible budgetary effects—costs or savings of less than $500,000 over both the 5-year and 10-year PAYGO windows. II. Budgetary Effects Excluded From the Scorecard Balances Two laws enacted in the first session of the 113th Congress had estimated budgetary effects on direct spending and revenues that are not included in the calculations for the PAYGO scorecards due to exclusions required by law. Public Law 113–28, the Bipartisan Student Loan Certainty Act of 2013, and Public Law 113–67, the Bipartisan E:\FR\FM\30JAN1.SGM 30JAN1 4981 Federal Register / Vol. 79, No. 20 / Thursday, January 30, 2014 / Notices Budget Act of 2013 and Pathway for SGR Reform Act of 2013,4 contain provisions that state, ‘‘[t]he budgetary effects of this Act shall not be entered on either PAYGO scorecard maintained pursuant to section 4(d) of the Statutory Pay-As-You-Go Act of 2010.’’ For this reason, the budgetary effects of these laws are not included in the PAYGO scorecards. III. PAYGO Scorecards STATUTORY PAY-AS-YOU-GO SCORECARDS [In millions of dollars, negative amounts portray decreases in deficits] 2014 mstockstill on DSK4VPTVN1PROD with NOTICES First Session of the 113th Congress .... Balances from Previous Sessions ...... Ten-year PAYGO Scorecard ............. 2017 2018 25 ¥9,994 ¥9,969 2020 25 1,041 1,066 2021 25 ¥839 ¥814 2022 25 0 25 2023 7 7 7 7 7 7 7 7 7 7 ¥8,215 ¥8,215 ¥8,215 ¥8,215 ¥8,215 ¥8,215 ¥8,215 ¥1,844 ¥1,134 0 ¥8,209 ¥8,209 ¥8,209 ¥8,209 ¥8,209 ¥8,209 ¥8,209 ¥1,838 ¥1,128 7 The total net budgetary effects of all PAYGO legislation enacted during the first session of the 113th Congress on the five-year scorecard increase the deficit by $125 million. This total is averaged over the years 2014 to 2018 on the 5-year PAYGO scorecard, resulting in $25 million in each year. Balances carried over from prior sessions of the Congress create savings in 2014 and 2015, resulting in total savings of $9,969 million in each of those years. However, the balance carried over for 2016 increases the deficit by $1,041 million, which results in a net cost on the 5-year PAYGO scorecard in 2016 of $1,066 million. Balances in 2017 carried over from the prior session added savings to the scorecard which resulted in net savings in that year of $814 million. The five-year PAYGO window extended only through 2017 in the second session of the 112th Congress, so there were no five-year scorecard balances in 2018 to carry over. The total 10-year net impact of legislation enacted during the first session of the 113th Congress had costs of $65 million. The 10-year PAYGO scorecard shows the total net impact averaged over the 10-year period, resulting in $7 million in costs every year. Balances from prior sessions added savings to the scorecard which resulted in net savings of $8,209 million in 2014 through 2020, $1,838 million in 2021, and $1,128 million in 2022. The 10-year PAYGO window extended only through 2022 in the second session of the 112th Congress, so there were no 10year scorecard balances in 2023 to carry over. 4 The official title of Public Law 113–67, ‘‘Making continuing appropriations for fiscal year 2014, and VerDate Mar<15>2010 2016 25 ¥9,994 ¥9,969 2019 First Session of the 113th Congress ........................................................................... Balances from Previous Sessions ............................................................................... Five-year PAYGO Scorecard ....................................................................................... 2014 2015 2016 2017 2018 2015 18:24 Jan 29, 2014 Jkt 232001 IV. Sequestration Order ACTION: As shown on the scorecards, the budgetary effects of PAYGO legislation enacted in the first session of the 113th Congress, combined with the balances left on the scorecard from previous sessions of the Congress, resulted in net savings on both the 5-year and the 10year scorecard in the budget year, which is 2014 for the purposes of this Report. Because the costs for the budget year, as shown on the scorecards, do not exceed savings for the budget year, there is no ‘‘debit’’ on either scorecard under section 3 of the PAYGO Act, 2 U.S.C. 932, and there is no need for a sequestration order. The savings shown on the scorecards for 2014 will be removed from the scorecards that are used to record the budgetary effects of PAYGO legislation enacted in the second session of the 113th Congress. The totals shown in 2015 through 2023 will remain on the scorecards and will be used in determining whether a sequestration order will be necessary at the end of future sessions of the Congress. [FR Doc. 2014–01805 Filed 1–29–14; 8:45 am] BILLING CODE P Request for comment. The NCUA intends to submit the following information collection to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995 (Pub. L. 104–13, 44 U.S.C. Chapter 35). This information collection is published to obtain comments from the public. Contact information is collected from corporate credit unions to allow for supervision and communication. SUMMARY: Comments will be accepted until March 31, 2014. DATES: Interested parties are invited to submit written comments to the NCUA Contact and the OMB Reviewer listed below: NCUA Contact: Tracy Crews, National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314– 3428, Fax No. 703–837–2861, Email: OCIOPRA@ncua.gov. OMB Reviewer: Office of Management and Budget, ATTN: Desk Officer for the National Credit Union Administration, Office of Information and Regulatory Affairs, Washington, DC 20503. ADDRESSES: FOR FURTHER INFORMATION CONTACT: NATIONAL CREDIT UNION ADMINISTRATION Agency Information Collection Activities: Submission to OMB for Reinstatement, With Change, of a Previously Approved Collection; Comment Request Requests for additional information, a copy of the information collection request, or a copy of submitted comments should be directed to Tracy Crews at the National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314–3428, or at (703) 518–6444. National Credit Union Administration (NCUA). SUPPLEMENTARY INFORMATION: for other purposes,’’ refers to the bill’s original provisions before it was amended to substitute the provisions of the Bipartisan Budget Act and the Pathway for SGR Reform Act. AGENCY: PO 00000 Frm 00118 Fmt 4703 Sfmt 4703 E:\FR\FM\30JAN1.SGM 30JAN1

Agencies

[Federal Register Volume 79, Number 20 (Thursday, January 30, 2014)]
[Notices]
[Pages 4980-4981]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-01805]


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OFFICE OF MANAGEMENT AND BUDGET


2013 Statutory Pay-as-You-Go Act Annual Report

Authority: 2 U.S.C. 934

AGENCY: Office of Management and Budget (OMB).

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: This report is being published as required by the Statutory 
Pay-As-You-Go (PAYGO) Act of 2010, 2 U.S.C. 931 et seq. The Act 
requires that OMB issue (1) an annual report as specified in 2 U.S.C. 
934(a) and (2) a sequestration order, if necessary.

FOR FURTHER INFORMATION CONTACT: Patrick Locke. 202-395-3672.

SUPPLEMENTARY INFORMATION: This report and additional information about 
the PAYGO Act can be found at http://www.whitehouse.gov/omb/paygo_default.

Courtney Timberlake,
Assistant Director for Budget.

    This Report is being published pursuant to section 5 of the 
Statutory Pay-As-You-Go (PAYGO) Act of 2010, Public Law 111-139, 124 
Stat. 8, 2 U.S.C. 934, which requires that OMB issue an annual PAYGO 
report, including a sequestration order if necessary, no later than 14 
working days after the end of a congressional session.
    This Report describes the budgetary effects of all legislation 
enacted during the first session of the 113th Congress and presents the 
5-year and 10-year PAYGO scorecards maintained by OMB. Because neither 
the 5-year nor 10-year scorecard shows a debit for the budget year, 
which for purposes of this Report is fiscal year 2014,\1\ a 
sequestration order under subsection 5(b) of the PAYGO Act, 2 U.S.C 
Sec.  934(b), is not necessary.
---------------------------------------------------------------------------

    \1\ References to years on the PAYGO scorecards are to fiscal 
years.
---------------------------------------------------------------------------

    No legislation was enacted with an emergency designation under 
section 4(g) of the PAYGO Act, 2 U.S.C. 933(g), during the first 
session of the 113th Congress. In addition, the scorecards include no 
current policy adjustments made under section 4(c) of the PAYGO Act, 2 
U.S.C. 933(c), for legislation enacted during the first session of the 
113th Congress. The authority for current policy adjustments expired as 
of December 31, 2011. For these reasons, the Report does not contain 
any information about emergency legislation or a description of any 
current policy adjustments.

I. PAYGO Legislation With Budgetary Effects

    PAYGO legislation is authorizing legislation that affects direct 
spending or revenues; and appropriations legislation that affects 
direct spending in the years beyond the budget year or affects revenues 
in any year.\2\ For a more complete description of the Statutory PAYGO 
Act, see the OMB Web site, http://www.whitehouse.gov/omb/paygo_description, and Chapter 11, ``Budget Concepts,'' of the Analytical 
Perspectives volume of the 2014 Budget, http://www.whitehouse.gov/sites/default/files/omb/budget/fy2014/assets/concepts.pdf.
---------------------------------------------------------------------------

    \2\ Provisions in appropriations acts that affect direct 
spending in the years beyond the budget year (also known as 
``outyears'') or affect revenues in any year are scorable for the 
purposes of the PAYGO scorecards except if the provisions produce 
outlay changes that net to zero over the current year, budget year, 
and the four subsequent years. As specified in section 3 of the 
Statutory PAYGO Act, off-budget effects are not counted as budgetary 
effects. Off-budget effects refer to effects on the Social Security 
trust funds (Old-Age and Survivors Insurance and Disability 
Insurance) and the Postal Service.
---------------------------------------------------------------------------

    The 5-year PAYGO scorecard shows that PAYGO legislation enacted in 
the first session of the 113th Congress was estimated to have PAYGO 
budgetary effects that increased the deficit by an average of $25 
million each year from 2014 through 2018.\3\ Balances carried over from 
prior sessions of the Congress more than offset the deficit increases 
being shown on the 5-year scorecard in years 2014, 2015, and 2017, but 
would add to the deficit increase in 2016. The 10-year PAYGO scorecard 
shows that PAYGO legislation for the first session of the 113th 
Congress increased the deficit by an average of $7 million each year 
from 2014 through 2023. Balances from prior sessions more than offset 
the deficit increases in years 2014 through 2022.
---------------------------------------------------------------------------

    \3\ As provided in section 4(d) of the PAYGO Act, 2 U.S.C. 
933(d), budgetary effects on the PAYGO scorecards are based on 
congressional estimates for bills including a reference to a 
congressional estimate in the Congressional Record, and for which 
such a reference is indeed present in the Record. Absent such a 
congressional cost estimate, OMB is required to use its own estimate 
for the scorecard. None of the bills enacted during the first 
session of the 113th Congress had such a congressional estimate and 
therefore OMB was required to provide an estimate for all PAYGO laws 
enacted during the session.
---------------------------------------------------------------------------

    In the first session of the 113th Congress, 21 laws were enacted 
that were determined to constitute PAYGO legislation. Of the 21 enacted 
PAYGO laws, 9 laws were estimated to have PAYGO budgetary effects 
(costs or savings) in excess of $500,000 over one or both of the 5-year 
or 10-year PAYGO windows. These were:
     Consolidated and Further Continuing Appropriations Act, 
2013, Public Law 113-6;
     Bonneville Unit Clean Hydropower Facilitation Act, Public 
Law 113-20;
     Bureau of Reclamation Small Conduit Hydropower Development 
and Rural Jobs Act, Public Law 113-24;
     Department of Veterans Affairs Expiring Authorities Act of 
2013, Public Law 113-37;
     Helium Stewardship Act of 2013, Public Law 113-40;
     An Act to extend the period during which Iraqis who were 
employed by the United States Government in Iraq may be granted special 
immigrant status and to temporarily increase the fee or surcharge for 
processing machine-readable nonimmigrant visas, Public Law 113-42;
     Congressional Award Program Reauthorization Act of 2013;
     Continuing Appropriations Act, 2014, Public Law 113-46; 
and
     National Defense Authorization Act for Fiscal Year 2014, 
Public Law 113-66.
    Finally, in addition to the laws identified above, 12 laws enacted 
in this session were estimated to have negligible budgetary effects--
costs or savings of less than $500,000 over both the 5-year and 10-year 
PAYGO windows.

II. Budgetary Effects Excluded From the Scorecard Balances

    Two laws enacted in the first session of the 113th Congress had 
estimated budgetary effects on direct spending and revenues that are 
not included in the calculations for the PAYGO scorecards due to 
exclusions required by law. Public Law 113-28, the Bipartisan Student 
Loan Certainty Act of 2013, and Public Law 113-67, the Bipartisan

[[Page 4981]]

Budget Act of 2013 and Pathway for SGR Reform Act of 2013,\4\ contain 
provisions that state, ``[t]he budgetary effects of this Act shall not 
be entered on either PAYGO scorecard maintained pursuant to section 
4(d) of the Statutory Pay-As-You-Go Act of 2010.'' For this reason, the 
budgetary effects of these laws are not included in the PAYGO 
scorecards.
---------------------------------------------------------------------------

    \4\ The official title of Public Law 113-67, ``Making continuing 
appropriations for fiscal year 2014, and for other purposes,'' 
refers to the bill's original provisions before it was amended to 
substitute the provisions of the Bipartisan Budget Act and the 
Pathway for SGR Reform Act.
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III. PAYGO Scorecards

                                       Statutory Pay-as-You-Go Scorecards
                    [In millions of dollars, negative amounts portray decreases in deficits]
----------------------------------------------------------------------------------------------------------------
                                                              2014       2015       2016       2017       2018
----------------------------------------------------------------------------------------------------------------
First Session of the 113th Congress......................         25         25         25         25         25
Balances from Previous Sessions..........................     -9,994     -9,994      1,041       -839          0
Five-year PAYGO Scorecard................................     -9,969     -9,969      1,066       -814         25


 
                                               2014       2015       2016       2017       2018       2019       2020       2021       2022       2023
--------------------------------------------------------------------------------------------------------------------------------------------------------
First Session of the 113th Congress.......          7          7          7          7          7          7          7          7          7          7
Balances from Previous Sessions...........     -8,215     -8,215     -8,215     -8,215     -8,215     -8,215     -8,215     -1,844     -1,134          0
Ten-year PAYGO Scorecard..................     -8,209     -8,209     -8,209     -8,209     -8,209     -8,209     -8,209     -1,838     -1,128          7
--------------------------------------------------------------------------------------------------------------------------------------------------------

    The total net budgetary effects of all PAYGO legislation enacted 
during the first session of the 113th Congress on the five-year 
scorecard increase the deficit by $125 million. This total is averaged 
over the years 2014 to 2018 on the 5-year PAYGO scorecard, resulting in 
$25 million in each year. Balances carried over from prior sessions of 
the Congress create savings in 2014 and 2015, resulting in total 
savings of $9,969 million in each of those years. However, the balance 
carried over for 2016 increases the deficit by $1,041 million, which 
results in a net cost on the 5-year PAYGO scorecard in 2016 of $1,066 
million. Balances in 2017 carried over from the prior session added 
savings to the scorecard which resulted in net savings in that year of 
$814 million. The five-year PAYGO window extended only through 2017 in 
the second session of the 112th Congress, so there were no five-year 
scorecard balances in 2018 to carry over.
    The total 10-year net impact of legislation enacted during the 
first session of the 113th Congress had costs of $65 million. The 10-
year PAYGO scorecard shows the total net impact averaged over the 10-
year period, resulting in $7 million in costs every year. Balances from 
prior sessions added savings to the scorecard which resulted in net 
savings of $8,209 million in 2014 through 2020, $1,838 million in 2021, 
and $1,128 million in 2022. The 10-year PAYGO window extended only 
through 2022 in the second session of the 112th Congress, so there were 
no 10-year scorecard balances in 2023 to carry over.

IV. Sequestration Order

    As shown on the scorecards, the budgetary effects of PAYGO 
legislation enacted in the first session of the 113th Congress, 
combined with the balances left on the scorecard from previous sessions 
of the Congress, resulted in net savings on both the 5-year and the 10-
year scorecard in the budget year, which is 2014 for the purposes of 
this Report. Because the costs for the budget year, as shown on the 
scorecards, do not exceed savings for the budget year, there is no 
``debit'' on either scorecard under section 3 of the PAYGO Act, 2 
U.S.C. 932, and there is no need for a sequestration order.
    The savings shown on the scorecards for 2014 will be removed from 
the scorecards that are used to record the budgetary effects of PAYGO 
legislation enacted in the second session of the 113th Congress. The 
totals shown in 2015 through 2023 will remain on the scorecards and 
will be used in determining whether a sequestration order will be 
necessary at the end of future sessions of the Congress.

[FR Doc. 2014-01805 Filed 1-29-14; 8:45 am]
BILLING CODE P