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1 [1] (February 15, 2018)

handle is hein.crs/crsmthzzago0001 and id is 1 raw text is: CRS INSIGHT Discretionary Spending Levels Under the Bipartisan Budget Act of 2018 February 15, 2018 (1N10861) Related Authors r - Grant Driessn Grant A. Driessen, Analyst in Public Finance (gdriQssen crs b o, 7-7757) Marc Labonte, Specialist in Macroeconomic Policy (mante, 7-0640) On February 9, 2018, the Bipartisan Budget Act of 2018 (BBA 2018) was signed into law as PL 115-123. Among other things, it raised the discretionary spending caps for fiscal years 2018 and 2019 originally implemented by the Budget Control Act of 2011 (BCA; P L 112-25). BBA 2018 reverses $80 billion of the $97 billion of discretionary spending cuts enacted by the BCA as amended for FY2018. The BCA and Discretionary Spending The BCA affected discretionary spending in two ways: (1) caps on discretionary budget authority, divided between defense and nondefense programs, which went into effect in FY2012 and (2) $1.2 trillion in automatic spending reductions beginning in FY2013 that included annual downward reductions to those discretionary caps. The caps essentially limit the amount of spending through the annual appropriations process for that time period, with adjustments permitted for cert '. Cap levels are enforced through a sequestration process (spending cuts that are automatically triggered if cap levels are breached). The BCA contained a variety of measures intended to reduce budget deficits by $2.1 trillion over the FY2012-FY2021 period. Discretionary spending reductions were projected to reduce the deficit by roughly $1.5 trillion over 10 years; the remaining deficit reduction was provided through lower debt servicing costs and automatic reductions to certain mandatory spending accounts and changes to federal student loan programs. For a more detailed analysis of the BCA, see CRS Report R44874, The Budyet Control Act: Frguen U1 Asked Questions.

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