On Thursday, the House passed the National Security and Job Protection Act. This bill would require the president to submit a plan to replace the sequester with alternative savings by October 15, 2012. The bill also makes clear that either the already House-passed Sequester Replacement Reconciliation Act or another piece of equivalent legislation that achieves the needed level of savings must be used to replace the sequester.
The mandatory defense and security cuts from the sequester are set to take effect in 107 days. If action is not taken on the House passed bills or nothing else is done to offset these cuts, economists predict our economy will be pushed into further recession. House Republicans have already taken action to protect our military and other key priorities from sequestration with a series of spending reforms that will ensure government programs meet their obligations, scale back excessive spending, and spur job creation by restraining government overreach into the economy. While the Senate and president have yet to offer alternatives, we are open to solutions that achieve the same goals: replace the sequester and protect our troops, our national security, vital domestic programs, and our fragile economy. Our troops and the taxpayers deserve better than a lack of leadership and constant inaction.