To amend the Balanced Budget and Emergency Deficit Control Act of 1985 to reduce the discretionary spending limit for fiscal year 2013 and 2014 to the fiscal year 2012 level.

Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to reduce the discretionary spending limits (spending caps) for security and nonsecurity categories for FY2013-FY2014 to the FY2012 spending level of $1.43 trillion.