SEIA Letter to OMB and Treasury on 1603 Sequestration Cuts
SEIA submitted a letter to OMB and Treasury in January 2013 to call on the Administration to exempt the 1603 Treasury Program from sequestration cuts set to go into effect March 1. The White House Office of Management and Budget (“OMB”) released a preliminary report in late 2012 that included the program in its list of programs subject to funding cuts. Specifically, the report provided for a 7.6% reduction in 1603 grants.