Vote to pass a bill that repeals reductions to defense spending and requires the president to propose replacement reductions in other areas of discretionary spending.
Repeals required reductions to defense spending for fiscal year 2013-2014 if a bill is passed that replaces reductions in defense spending required by the Budget Control Act of 2011 with reductions in discretionary spending (Sec. 3).
Limits discretionary spending to no more than $1.05 trillion for fiscal year 2013-2014 (Sec. 3).
Requires the Office of Management and Budget and the president to repeal any discretionary spending that exceeds spending limit for fiscal year 2013-2014 (Sec. 3).
Reduces the discretionary spending limit for security and nonsecurity spending for fiscal year 2013-2014 by $19.10 billion beginning January 2, 2013 (Sec. 3).
Specifies that any order issued by the president to reduce direct spending for defense functions is null and void (Sec. 3).
Requires the president to propose 5-year spending reductions equal to or greater than those required by the Budget Control Act of 2011 by October 15, 2012 (Sec. 4).