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The OMB Sequestration Preview Report is a document prepared by the Office of Management and Budget that provides an overview of the expected sequestration impacts on federal agencies' budgets.
Federal agencies are required to file the OMB Sequestration Preview Report.
To fill out the OMB Sequestration Preview Report, agencies must compile budgetary data, analyze the potential impacts of sequestration, and follow the guidelines provided by the OMB.
The purpose of the OMB Sequestration Preview Report is to inform Congress and the public about the potential effects of sequestration on agency budgets and programs.
The report must include estimated budgetary effects of sequestration, details on specific programs affected, and a summary of the agencies' fiscal outlook.
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