On August 7, the President signed the Sequestration Transparency Act, a law that will require his office to provide details within 30 days (in this case, by September 6) on how sequestration, if enacted in January, will be implemented.
More specifically, the law requires the Office of Management and Budget (OMB) to explain exactly what could be cut should Congress fail to avert the sequester. Beyond detailing areas of spending reductions, the legislation asks for a list of functions exempt from the cuts as well as “any other data and explanations that enhance public understanding of the sequester and actions to be taken under it.”
In addition, the legislation directs heads of federal agencies to consult with congressional appropriations committees to provide OMB with information “at the program, project and activity level.”