CONGRESSWOMAN ELISE STEFANIK
On Tuesday, February 11, 2014, the House will consider an amendment to S. 25, under a suspension of the rules.
The amendment extends the mandatory spending sequester set forth in the Balanced Budget and Emergency Deficit Control Act of 1985 for an additional year, fiscal year 2024. In addition, the bill amends Section 403 of the Bipartisan Budget Act of 2013 to clarify that the reduction in the cost of living adjustment applies only to those members or former members of an armed force who became a member of a uniformed service on or after January 1, 2014. This provision is effective beginning December 1, 2015. Finally, the bill establishes a transitional fund in which $2.3 billion is authorized to be available for sustainable growth reforms.
On December 12, 2013, the House passed H.J.Res.59, the Bipartisan Budget Act of 2013, by a vote of 332-94. (See Roll Call #640). The Bipartisan Budget Act of 2013 among other things set the top line spending numbers for fiscal years 2014 and 2015. In addition, the bill identified mandatory spending savings including one percent cost of living adjustment for working age military retirees, which was scored as saving approximately $6 billion. Finally, the Bipartisan Budget Act of 2013 extended the current reimbursement rate for physicians treating Medicare patients through March 31, 2014. On February 6, 2014, the House and Senate introduced the SGR Repeal and Medicare Provider Payment Modernization Act, which repeals the SGR to provide long-term stability to the Medicare physician fee schedule.
CBO estimates that enactment of the amendment to S. 25 will reduce total deficits by $34 million.
For questions or further information contact the GOP Conference at 5-5107.