THIS IS REALLY BIG~~!
SEC. 252. PRESIDENTIAL ORDER
(B) eliminates the remainder of such deficit excess (or
adjusted deficit excess, in the case of fiscal year 1986) by
sequestering new budget authority, unobligated balances,
new loan guarantee commitments, new direct loan obliga-
tions, and spending authority as defined in section 401(cX2)
Ante, p. 1056. of the Congressional Budget Act of 1974, and reducing
obligation limitations, in accordance with such report—
(ii) for funds not provided in annual appropriation Acts, from each budget account activity as identified in
the program and financing schedules contained in the
appendix to the Budget of the United States Govern-
ment for that fiscal year, applying the same reduction
percentage as the percentage by which the account is
reduced in such report.
(A) IN GENERAL.—Notwithstanding subparagraph (B)(i) of
paragraph (1), the order issued by the President under
paragraph (1) with respect to fiscal year 1986 shall seques-
ter, from each program, project, or activity within an ac-
count within major functional category 050, such amounts
of new budget authority and unobligated balances as are
specified (in accordance with section 251(a)(3)(E)(ii)) in the Ante, p. 1063.
report submitted by the Comptroller General under section
251(b)