2014 Statutory Pay-As-You-Go Act Annual Report, 4594-4596 [2015-01528]
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4594
Federal Register / Vol. 80, No. 18 / Wednesday, January 28, 2015 / Notices
The Drug Enforcement
Administration (DEA) has considered
the factors in 21 U.S.C. 823(a) and
determined that the registration of
Johnson Matthey, Inc. to manufacture
the basic classes of controlled
substances is consistent with the public
interest and with United States
obligations under international treaties,
conventions, or protocols in effect on
May 1, 1971. The DEA investigated the
company’s maintenance of effective
controls against diversion by inspecting
and testing the company’s physical
security systems, verifying the
company’s compliance with state and
local laws, and reviewing the company’s
background and history.
Therefore, pursuant to 21 U.S.C.
823(a), and in accordance with 21 CFR
1301.33, the above-named company is
granted registration as a bulk
manufacturer of marihuana (7360), a
basic class of controlled substance listed
in schedule I.
In reference to drug code 7360, the
company plans to manufacture a
synthetic version cannabidiol in bulk
for sale to its customers, who are final
dosage form manufacturers. No other
activity for this drug code is authorized
for this registration.
Dated: January 21, 2015.
Joseph T. Rannazzisi,
Deputy Assistant Administrator.
[FR Doc. 2015–01602 Filed 1–27–15; 8:45 am]
BILLING CODE P
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 PAYGO legislation and
legislation designated as an emergency
under section 4(g) of the PAYGO Act
enacted during the second 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
2015,1 a sequestration order under
subsection 5(b) of the PAYGO Act, 2
U.S.C. 934(b), is not necessary.
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
second 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 or
descriptions 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,
https://www.whitehouse.gov/omb/paygo_
description, and Chapter 9, ‘‘Budget
Concepts,’’ of the Analytical
Perspectives volume of the 2015 Budget,
https://www.whitehouse.gov/sites/
OFFICE OF MANAGEMENT AND
BUDGET
2014 Statutory Pay-As-You-Go Act
Annual Report
Office of Management and
Budget (OMB).
AGENCY:
ACTION:
https://www.whitehouse.gov/omb/paygo_
default.
Notice.
Authority: 2 U.S.C. 934
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.
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SUMMARY:
FOR FURTHER INFORMATION CONTACT:
Patrick Locke. 202–395–3672.
This
report and additional information about
the PAYGO Act can be found at
SUPPLEMENTARY INFORMATION:
VerDate Sep<11>2014
16:41 Jan 27, 2015
Jkt 235001
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 considered to be budgetary effects 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
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.
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default/files/omb/budget/fy2015/assets/
concepts.pdf.
The 5-year and 10-year PAYGO
scorecards for each Congressional
session begin with the balances of costs
or savings carried over from previous
sessions and then tally the costs or
savings of PAYGO laws enacted in that
session. The 5-year PAYGO scorecard
for the second session of the 113th
Congress began with balances of savings
of $9,969 million in 2015 and $814
million in 2017, but with balances of
costs of $1,066 million in 2016 and $25
million in 2018. The completed 5-year
scorecard for the session shows that
PAYGO legislation enacted during the
session was estimated to have PAYGO
budgetary effects that reduced the
deficit by an average of $626 million
each year from 2015 through 2019.3
These new savings on the scorecard
increased the balances of savings in
2015 and 2017, reduced the balance of
costs in 2016, and eliminated the
balance of costs in 2018.
The 10-year PAYGO scorecard for the
second session of the 113th Congress
began with balances of savings of $8,209
million in each year from 2015 to 2020,
savings of $1,838 million in 2021,
savings of $1,128 million in 2022, and
costs of $7 million in 2023. The
completed 10-year scorecard for the
session shows that PAYGO legislation
for the session reduced the deficit by an
average of $1,521 million each year from
2015 through 2024. These new savings
increased the balances of savings on the
10-year scorecard from 2015 through
2022 and eliminated the costs on the
scorecard for 2023.
In the second session of the 113th
Congress, 54 laws were enacted that
were determined to constitute PAYGO
legislation. Of the 54 enacted PAYGO
laws, 19 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 Appropriations Act,
2014, Public Law 113–76;
• Agriculture Act of 2014, Public Law
113–79;
• OPM IG Act, Public Law 113–80;
• An Act to ensure that the reduced
annual cost-of-living adjustment to the
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 second 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.
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Federal Register / Vol. 80, No. 18 / Wednesday, January 28, 2015 / Notices
retired pay of members and former
members of the Armed Forces under the
age of 62 required by the Bipartisan
Budget Act of 2013 will not apply to
members or former members who first
became members prior to January 1,
2014, and for other purposes, Public
Law 113–82;
• Homeowner Flood Insurance
Affordability Act of 2014, Public Law
113–89;
• Gabriella Miller Kids First Research
Act, Public Law 113–94;
• Support for the Sovereignty,
Integrity, Democracy, and Economic
Stability of Ukraine Act of 2014, Public
Law 113–95;
• Cooperative and Small Employer
Charity Pension Flexibility Act, Public
Law 113–97;
• Digital Accountability and
Transparency Act of 2014, Public Law
113–101;
• An Act to provide additional visas
for the Afghan Special Immigrant Visa
Program, and for other purposes, Public
Law 113–160;
• Continuing Appropriations
Resolution, 2015, Public Law 113–164;
• Department of Veterans Affairs
Expiring Authorities Act of 2014, Public
Law 113–175;
• Preventing Sex Trafficking and
Strengthening Families Act, Public Law
113–183;
• Improving Medicare Post-Acute
Care Transformation Act of 2014, Public
Law 113–185;
• Consolidated and Further
Continuing Appropriations Act, 2015,
Public Law 113–235;
• An Act to amend certain provisions
of the FAA Modernization and Reform
Act of 2012, Public Law 113–243;
• Crooked River Collaborative Water
Security and Jobs Act of 2014, Public
Law 113–244;
• Federal Duck Stamp Act of 2014,
Public Law 113–264;
• An Act to provide for the transfer of
naval vessels to certain foreign
recipients, and for other purposes,
Public Law 113–276; and
• Carl Levin and Howard P. ‘‘Buck’’
McKeon National Defense Authorization
Act for Fiscal Year 2015, Public Law
113–291.
In addition to the laws identified
above, 35 laws enacted in this session
were estimated to have negligible
budgetary effects on the PAYGO
scorecards—costs or savings of less than
$500,000 over both the 5-year and 10year PAYGO windows.
II. Budgetary Effects Excluded From the
Scorecard Balances
As shown on the scorecards, one law
was enacted in the second session of the
113th Congress with an emergency
designation under the Statutory PAYGO
Act: the Veterans Access, Choice, and
Accountability Act of 2014, Public Law
113–146. The costs of this law appear
on the scorecard, but the costs are
subtracted before computing the
scorecard totals.
In addition, five laws enacted in the
second 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 provisions in
law excluding all or part of the law from
section 4(d) of the Statutory Pay-AsYou-Go Act of 2010. Three laws
included provisions excluding their
budgetary effects from the PAYGO
scorecards entirely: Public Law 113–93,
Protecting Access to Medicare Act of
2014; Public Law 113–159, Highway
and Transportation Funding Act of
2014; and Public Law 113–295, To
amend the Internal Revenue Code of
1986 to extend certain expiring
provisions and make technical
corrections, to amend the Internal
Revenue Code of 1986 to provide for the
tax treatment of ABLE accounts
established under State programs for the
care of family members with
disabilities, and for other purposes. In
addition, two laws included provisions
excluding certain portions of those laws
from the scorecards: Public Law 113–76,
Consolidated Appropriations Act, 2014,
for which Section 10001 of Division C
was excluded from the scorecards; and
Public Law 113–235, Consolidated and
Further Continuing Appropriations Act,
2015, for which Divisions M, N, O, and
P were excluded from the scorecards.
III. PAYGO Scorecards
STATUTORY PAY–AS–YOU–GO SCORECARDS
[In millions of dollars, negative amounts portray decreases in deficits]
2015
2016
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2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
Second Session of the 113th Congress ...
Balances from Previous Sessions ............
Ten-year PAYGO Scorecard ....................
¥1,521
¥8,209
¥9,730
¥1,521
¥8,209
¥9,730
¥1,521
¥8,209
¥9,730
¥1,521
¥8,209
¥9,730
¥1,521
¥8,209
¥9,730
¥1,521
¥8,209
¥9,730
¥1,521
¥1,838
¥3,359
¥1,521
¥1,128
¥2,649
¥1,521
7
¥1,514
¥1,521
0
¥1,521
16:41 Jan 27, 2015
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¥626
25
¥601
2019
¥626
¥9,969
¥10,595
VerDate Sep<11>2014
¥626
¥814
¥1,440
2018
Second Session of the 113th Congress ...
Balances from Previous Sessions ............
Five-year PAYGO Scorecard ....................
The total net budgetary effects of all
PAYGO legislation enacted during the
second session of the 113th Congress on
the five-year scorecard reduce the
deficit by $3,129 million. This total is
averaged over the years 2015 to 2019 on
the 5-year PAYGO scorecard, resulting
in savings of $626 million in each year.
Balances carried over from prior
sessions of the Congress create total net
savings in 2015 of $10,595 million and
$1,440 million in 2017. However, the
balances carried over in 2016 create a
net cost of $440 million in that year.
Balances in 2018 carried over from the
¥626
1,066
440
2017
¥626
0
¥626
................
................
................
prior session add costs to the scorecard
which lessen net savings in that year to
$601 million. The five-year PAYGO
window extended only through 2018 in
the first session of the 113th Congress,
so there were no five-year scorecard
balances in 2019 to carry over.
The total 10-year net impact of
legislation enacted during the second
session of the 113th Congress was
savings of $15,215 million. The 10-year
PAYGO scorecard shows the total net
impact averaged over the 10-year
period, resulting in savings of $1,521
million in each year. Balances from
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................
................
prior sessions add savings to the
scorecard which result in net savings of
$9,730 million in 2015 through 2020,
$3,359 million in 2021, and $2,649
million in 2022. Balances in 2023
carried over from the prior session add
costs to the scorecard which lessen net
savings in that year to $1,514 million.
The 10-year PAYGO window extended
only through 2023 in the first session of
the 113th Congress, so there were no 10year scorecard balances in 2024 to carry
over.
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Federal Register / Vol. 80, No. 18 / Wednesday, January 28, 2015 / Notices
IV. Sequestration Order
As shown on the scorecards, the
budgetary effects of PAYGO legislation
enacted in the second 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 5year and the 10-year scorecard in the
budget year, which is 2015 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 2015 will be removed from the
scorecards that are used to record the
budgetary effects of PAYGO legislation
enacted in the first session of the 114th
Congress. The totals shown in 2016
through 2024 will remain on the
scorecards and will be used in
determining whether a sequestration
order will be necessary in the future. All
of the years of the 5-year and 10-year
scorecards that will carry over into the
first session of the 114th Congress will
show balances of savings except for the
year 2016 on the 5-year scorecard,
which will show costs of $440 million.
Because 2016 will be the budget year in
the first session of the 114th Congress,
if the costs in that year on the 5-year
scorecard are not offset by savings from
PAYGO legislation enacted during the
session, the PAYGO Act would require
a sequestration order to be issued 14
days after the end of the session.
[FR Doc. 2015–01528 Filed 1–27–15; 8:45 am]
BILLING CODE P
brd@nsf.gov) at least 24 hours prior to
the meeting and provide name and
organizational affiliation. Visitors must
report to the NSF visitor desk located in
the lobby at the 9th and N. Stuart Streets
entrance to receive a visitor’s badge.
WEBCAST INFORMATION: Public meetings
and public portions of meetings will be
webcast. To view the meetings, go to
https://www.tvworldwide.com/events/
nsf/150203/ and follow the instructions.
UPDATES: Please refer to the National
Science Board Web site for additional
information. Meeting information and
schedule updates (time, place, subject
matter or status of meeting) may be
found at https://www.nsf.gov/nsb/
notices/.
AGENCY CONTACT: Jennie L. Moehlmann,
jmoehlma@nsf.gov, (703) 292–7000.
PUBLIC AFFAIRS CONTACT: Nadine Lymn,
nlymn@nsf.gov, (703) 292–2490.
STATUS: Portions open; portions closed.
OPEN SESSIONS:
February 3, 2015
8–8:05 a.m. (Chairman’s introduction)
8:05–8:50 a.m. (joint CPP/CSB)
8:50–10:45 a.m. (CPP)
1:45–3 p.m. (CEH)
3–3:30 p.m. (CSB)
4:15–5 p.m. (AO)
February 4, 2015
mstockstill on DSK4VPTVN1PROD with NOTICES
Sunshine Act Meetings; National
Science Board
The National Science Board, pursuant
to NSF regulations (45 CFR part 614),
the National Science Foundation Act, as
amended (42 U.S.C. 1862n–5), and the
Government in the Sunshine Act (5
U.S.C. 552b), hereby gives notice of the
scheduling of meetings for the
transaction of National Science Board
business, as follows:
DATE AND TIME: February 3, 2015 from 8
a.m. to 5 p.m. and February 4, 2015
from 8:30 a.m. to 3 p.m. (EST).
PLACE: These meetings will be held at
the National Science Foundation, 4201
Wilson Blvd., Rooms 1235, Arlington,
VA 22230. All visitors must contact the
Board Office (call 703–292–7000 or send
an email message to nationalscience
Jkt 235001
Closed Session: 11–11:30 a.m.
• Committee Chairman’s remarks
• Approval of the November meeting
minutes
• Discussion of the Annual Portfolio
Review (APR)
Committee on Programs and Plans
(CPP)
Closed Session: 11:30 a.m.–12:30 p.m.
• Approval of closed CPP minutes for
November 2014
• Committee Chairman’s remarks
• Information Item: Regional Class
Research Vessel (RCRV)
• Information Item: National High
Magnetic Field Laboratory (NHMFL)
Committee on Education and Human
Resources (CEH)
Open Session: 1:45–3 p.m.
February 3, 2015
11–11:30 a.m. (SCF)
11:30 a.m.–12:30 p.m. (CPP)
3:45–4:15 p.m. (CSB)
Committee on Strategy and Budget
(CSB)
Open Session: 3–3:30 p.m.
8:30–9:15 a.m. (AO)
10:15–10:45 a.m. (Plenary executive)
10:45–11:45 a.m. (Plenary)
MATTERS TO BE DISCUSSED:
NATIONAL SCIENCE FOUNDATION
16:41 Jan 27, 2015
CSB Subcommittee on Facilities (SCF)
• Committee Chairman’s remarks
• Approval of open CEH minutes for
November 2014 meeting
• Presentation and discussion:
Appreciating the Power and Promise
of Education Research
9:15–10 a.m. (SEI)
1:15–3 p.m. (Plenary)
CLOSED SESSIONS:
February 4, 2015
VerDate Sep<11>2014
• Information Item: Gemini Observatory
• Information Item: National Optical
Astronomy Observatory (NOAO)
• Information Item: Radio Astronomy
Facilities—National Radio Astronomy
Observatory (NRAO) and Atacama
Large Millimeter Array (ALMA)
• Information Item: Update on Blue
Waters and strategic planning for high
performance computing
• Approval of CSB open minutes for
November 2014
• NSF FY 2015 budget update
• NSF FY 2016 budget update
Tuesday, February 3, 2015
Committee on Strategy and Budget
(CSB)
Joint Meeting—Committee on Programs
and Plans (CPP) and Committee on
Strategy and Budget (CSB)
Open Session: 8:05–8:50 a.m.
• Committee Chairs’ remarks
• Discussion of the NSF Annual Facility
Plan
Committee on Programs and Plans
(CPP)
Open Session: 8:50–10:45 a.m.
• Approval of open minutes of the
November 2014 meeting
• Committee Chairman’s remarks
• Information item: National Ecological
Observatory Network (NEON)
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Closed Session: 3:45–4:15 p.m.
• Committee Chairman’s remarks
• Approval of CSB closed minutes for
November 2014
• Performance Improvement Officer
report on FY 2017 strategic issues
Audit and Oversight Committee (AO)
Open Session: 4:15–5 p.m.
• Committee Chairman’s opening
remarks
• Approval of November 2014 meeting
minutes
• Report on agency Financial Report
and Audit
• Inspector General’s update
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]]>Agencies
[Federal Register Volume 80, Number 18 (Wednesday, January 28, 2015)]
[Notices]
[Pages 4594-4596]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-01528]
=======================================================================
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OFFICE OF MANAGEMENT AND BUDGET
2014 Statutory Pay-As-You-Go Act Annual Report
AGENCY: Office of Management and Budget (OMB).
ACTION: Notice.
-----------------------------------------------------------------------
Authority: 2 U.S.C. 934
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 https://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 PAYGO
legislation and legislation designated as an emergency under section
4(g) of the PAYGO Act enacted during the second 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 2015,\1\ a sequestration order under subsection 5(b) of the
PAYGO Act, 2 U.S.C. 934(b), is not necessary.
---------------------------------------------------------------------------
\1\ References to years on the PAYGO scorecards are to fiscal
years.
---------------------------------------------------------------------------
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 second 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 or
descriptions 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, https://www.whitehouse.gov/omb/paygo_description, and Chapter 9, ``Budget Concepts,'' of the
Analytical Perspectives volume of the 2015 Budget, https://www.whitehouse.gov/sites/default/files/omb/budget/fy2015/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 considered to be
budgetary effects 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 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 and 10-year PAYGO scorecards for each Congressional
session begin with the balances of costs or savings carried over from
previous sessions and then tally the costs or savings of PAYGO laws
enacted in that session. The 5-year PAYGO scorecard for the second
session of the 113th Congress began with balances of savings of $9,969
million in 2015 and $814 million in 2017, but with balances of costs of
$1,066 million in 2016 and $25 million in 2018. The completed 5-year
scorecard for the session shows that PAYGO legislation enacted during
the session was estimated to have PAYGO budgetary effects that reduced
the deficit by an average of $626 million each year from 2015 through
2019.\3\ These new savings on the scorecard increased the balances of
savings in 2015 and 2017, reduced the balance of costs in 2016, and
eliminated the balance of costs in 2018.
---------------------------------------------------------------------------
\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 second
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.
---------------------------------------------------------------------------
The 10-year PAYGO scorecard for the second session of the 113th
Congress began with balances of savings of $8,209 million in each year
from 2015 to 2020, savings of $1,838 million in 2021, savings of $1,128
million in 2022, and costs of $7 million in 2023. The completed 10-year
scorecard for the session shows that PAYGO legislation for the session
reduced the deficit by an average of $1,521 million each year from 2015
through 2024. These new savings increased the balances of savings on
the 10-year scorecard from 2015 through 2022 and eliminated the costs
on the scorecard for 2023.
In the second session of the 113th Congress, 54 laws were enacted
that were determined to constitute PAYGO legislation. Of the 54 enacted
PAYGO laws, 19 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 Appropriations Act, 2014, Public Law 113-76;
Agriculture Act of 2014, Public Law 113-79;
OPM IG Act, Public Law 113-80;
An Act to ensure that the reduced annual cost-of-living
adjustment to the
[[Page 4595]]
retired pay of members and former members of the Armed Forces under the
age of 62 required by the Bipartisan Budget Act of 2013 will not apply
to members or former members who first became members prior to January
1, 2014, and for other purposes, Public Law 113-82;
Homeowner Flood Insurance Affordability Act of 2014,
Public Law 113-89;
Gabriella Miller Kids First Research Act, Public Law 113-
94;
Support for the Sovereignty, Integrity, Democracy, and
Economic Stability of Ukraine Act of 2014, Public Law 113-95;
Cooperative and Small Employer Charity Pension Flexibility
Act, Public Law 113-97;
Digital Accountability and Transparency Act of 2014,
Public Law 113-101;
An Act to provide additional visas for the Afghan Special
Immigrant Visa Program, and for other purposes, Public Law 113-160;
Continuing Appropriations Resolution, 2015, Public Law
113-164;
Department of Veterans Affairs Expiring Authorities Act of
2014, Public Law 113-175;
Preventing Sex Trafficking and Strengthening Families Act,
Public Law 113-183;
Improving Medicare Post-Acute Care Transformation Act of
2014, Public Law 113-185;
Consolidated and Further Continuing Appropriations Act,
2015, Public Law 113-235;
An Act to amend certain provisions of the FAA
Modernization and Reform Act of 2012, Public Law 113-243;
Crooked River Collaborative Water Security and Jobs Act of
2014, Public Law 113-244;
Federal Duck Stamp Act of 2014, Public Law 113-264;
An Act to provide for the transfer of naval vessels to
certain foreign recipients, and for other purposes, Public Law 113-276;
and
Carl Levin and Howard P. ``Buck'' McKeon National Defense
Authorization Act for Fiscal Year 2015, Public Law 113-291.
In addition to the laws identified above, 35 laws enacted in this
session were estimated to have negligible budgetary effects on the
PAYGO scorecards--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
As shown on the scorecards, one law was enacted in the second
session of the 113th Congress with an emergency designation under the
Statutory PAYGO Act: the Veterans Access, Choice, and Accountability
Act of 2014, Public Law 113-146. The costs of this law appear on the
scorecard, but the costs are subtracted before computing the scorecard
totals.
In addition, five laws enacted in the second 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 provisions in law excluding all or part of the law
from section 4(d) of the Statutory Pay-As-You-Go Act of 2010. Three
laws included provisions excluding their budgetary effects from the
PAYGO scorecards entirely: Public Law 113-93, Protecting Access to
Medicare Act of 2014; Public Law 113-159, Highway and Transportation
Funding Act of 2014; and Public Law 113-295, To amend the Internal
Revenue Code of 1986 to extend certain expiring provisions and make
technical corrections, to amend the Internal Revenue Code of 1986 to
provide for the tax treatment of ABLE accounts established under State
programs for the care of family members with disabilities, and for
other purposes. In addition, two laws included provisions excluding
certain portions of those laws from the scorecards: Public Law 113-76,
Consolidated Appropriations Act, 2014, for which Section 10001 of
Division C was excluded from the scorecards; and Public Law 113-235,
Consolidated and Further Continuing Appropriations Act, 2015, for which
Divisions M, N, O, and P were excluded from the scorecards.
III. PAYGO Scorecards
Statutory Pay-As-You-Go Scorecards
[In millions of dollars, negative amounts portray decreases in deficits]
--------------------------------------------------------------------------------------------------------------------------------------------------------
2015 2016 2017 2018 2019
--------------------------------------------------------------------------------------------------------------------------------------------------------
Second Session of the 113th Congress...... -626 -626 -626 -626 -626 ......... ......... ......... ......... .........
Balances from Previous Sessions........... -9,969 1,066 -814 25 0 ......... ......... ......... ......... .........
Five-year PAYGO Scorecard................. -10,595 440 -1,440 -601 -626 ......... ......... ......... ......... .........
--------------------------------------------------------------------------------------------------------------------------------------------------------
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
--------------------------------------------------------------------------------------------------------------------------------------------------------
Second Session of the 113th Congress...... -1,521 -1,521 -1,521 -1,521 -1,521 -1,521 -1,521 -1,521 -1,521 -1,521
Balances from Previous Sessions........... -8,209 -8,209 -8,209 -8,209 -8,209 -8,209 -1,838 -1,128 7 0
Ten-year PAYGO Scorecard.................. -9,730 -9,730 -9,730 -9,730 -9,730 -9,730 -3,359 -2,649 -1,514 -1,521
--------------------------------------------------------------------------------------------------------------------------------------------------------
The total net budgetary effects of all PAYGO legislation enacted
during the second session of the 113th Congress on the five-year
scorecard reduce the deficit by $3,129 million. This total is averaged
over the years 2015 to 2019 on the 5-year PAYGO scorecard, resulting in
savings of $626 million in each year. Balances carried over from prior
sessions of the Congress create total net savings in 2015 of $10,595
million and $1,440 million in 2017. However, the balances carried over
in 2016 create a net cost of $440 million in that year. Balances in
2018 carried over from the prior session add costs to the scorecard
which lessen net savings in that year to $601 million. The five-year
PAYGO window extended only through 2018 in the first session of the
113th Congress, so there were no five-year scorecard balances in 2019
to carry over.
The total 10-year net impact of legislation enacted during the
second session of the 113th Congress was savings of $15,215 million.
The 10-year PAYGO scorecard shows the total net impact averaged over
the 10-year period, resulting in savings of $1,521 million in each
year. Balances from prior sessions add savings to the scorecard which
result in net savings of $9,730 million in 2015 through 2020, $3,359
million in 2021, and $2,649 million in 2022. Balances in 2023 carried
over from the prior session add costs to the scorecard which lessen net
savings in that year to $1,514 million. The 10-year PAYGO window
extended only through 2023 in the first session of the 113th Congress,
so there were no 10-year scorecard balances in 2024 to carry over.
[[Page 4596]]
IV. Sequestration Order
As shown on the scorecards, the budgetary effects of PAYGO
legislation enacted in the second 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 2015 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 2015 will be removed from
the scorecards that are used to record the budgetary effects of PAYGO
legislation enacted in the first session of the 114th Congress. The
totals shown in 2016 through 2024 will remain on the scorecards and
will be used in determining whether a sequestration order will be
necessary in the future. All of the years of the 5-year and 10-year
scorecards that will carry over into the first session of the 114th
Congress will show balances of savings except for the year 2016 on the
5-year scorecard, which will show costs of $440 million. Because 2016
will be the budget year in the first session of the 114th Congress, if
the costs in that year on the 5-year scorecard are not offset by
savings from PAYGO legislation enacted during the session, the PAYGO
Act would require a sequestration order to be issued 14 days after the
end of the session.
[FR Doc. 2015-01528 Filed 1-27-15; 8:45 am]
BILLING CODE P
