About S388

American Family Economic Protection Act of 2013

Policy Area: Economics and Public Finance

Sponsor: Sen. Mikulski, Barbara A. [D-MD] (D-MD)

Latest Action (2013-02-28): Motion by Senator Reid to reconsider the vote by which cloture was not invoked on the motion to proceed to the measure (Record Vote No. 27) entered in Senate.

Summary

American Family Economic Protection Act of 2013 – Title I: Budget Provisions – Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to revise discretionary spending limits (spending caps) for security and nonsecurity categories in new budget authority for FY2013. Establishes discretionary spending limits for revised security and nonsecurity categories for FY2014-FY2021. Defines "revised security category" as discretionary appropriations in budget function 050 (defense function). Repeals certain sequestration requirements for enforcement of a specified budget goal. Decreases the mandatory total amount of deficit reduction calculated for FY2013 by $109.333 billion and for FY2014 by $25.500 billion. Amends the American Taxpayer Relief Act of 2012 (ATRA) to postpone until January 2, 2014, for FY2014 the sequestration required starting March 1, 2012, for FY2013 under the Budget Control Act of 2011 if certain circumstances prevail. Repeals the ATRA treatment of sequester. Makes conforming amendments to the Gramm-Rudman-Hollings Act. Title II: Agricultural Programs – Amends the American Taxpayer Relief Act of 2012 to provide that payment acres for direct and counter-cyclical assistance shall be 0% of the base acres for crop year 2013 covered commodities and peanuts. Extends the existing conservation stewardship program acreage enrollment requirement for FY2013. Makes Commodity Credit Corporation (CCC) funds available for FY2013 for: (1) t

Subjects: Agricultural conservation and pollution, Agricultural insurance, Agricultural marketing and promotion, Agricultural practices and innovations, Agricultural prices, subsidies, credit, Agricultural research, Alternative and renewable resources, Budget deficits and national debt

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