H.R.773: To amend the Balanced Budget and Emergency Deficit Control Act of 1985 to exempt the Department of Defense from reduction under any order issued to carry out a sequestration pursuant to section 251A.

Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) and the American Taxpayer Relief Act of 2012 to: (1) lower the $1.2 trillion total deficit reduction goal for each of FY2013-FY2021 to $600 billion, (2) lower the FY2013 deficit reduction goal from $24 billion to $12 billion, and (3) eliminate the Department of Defense (DOD) function reduction entirely.

(Source: Library of Congress)