Sequestration Legislation

House Armed Services Committee Chairman Buck McKeon (R-CA) on Wednesday cheered the House's passage of H.R. 5872, The Sequestration Transparency Act of 2012, which calls for a detailed report on sequestration implementation by Jan. 2, 2013. "By requiring the administration to tell the American people exactly how they intend to implement sequestration, we will hopefully incentivize all stakeholders to find a solution as soon as possible," he said. "Republicans in the House and Senate have already put forward their solutions." Senate Majority Leader Harry Reid (D-NV) last week accused GOP leaders of refusing to make hard decisions required for a compromise.