SEQUESTRATION RULES APPLICABLE TO VETERANS’ PROGRAMS.

SEC. 411. SEQUESTRATION RULES APPLICABLE TO VETERANS’ PROGRAMS. (a) Restoration of Certain Revolving Funds.— (1) Notwithstanding section 601(b) of the Veteran’ Benefits Improvement and Healthcare Authorization Act of 1986 (Public Law 99–576), section 113(b)(2) of title 38, United States Code, shall apply with respect to a sequestration order issued, or a sequestration law enacted, for any fiscal year after fiscal year 1985. (2) The Secretary of the Treasury shall take such action as is necessary to implement paragraph (1). Not later than 60 days after the date of the enactment of this Act, the Secretary shall submit to the Committees on Veteran’ Affairs of the Senate and House of Representatives a report on the action taken by the Secretary pursuant to that paragraph. (b) Extension of Exemption for Certain Service-Connected Rehabilitation and Education Benefits.— Section 113(a) is amended by striking out “(but only with respect to fiscal year 1987)” each place it appears in paragraphs (4) and (5). (c) Technical Amendments.— Subsection (d) of such section is amended by striking out “a joint report of the Directors of the Office of Management and Budget and the Congressional Budget Office” and inserting in lieu thereof “a report of the Director of the Office of Management and Budget”.