; (2) in subsection (c)— (A) in paragraph (1), by inserting , and sequestration to reduce the public debt, after sequestration ; (B) by redesignating paragraph (5) as paragraph (6); and (C) by inserting after paragraph (4) the following: (5) Reports on sequestration to reduce the public debt The preview reports shall set forth for the budget year estimates for each of the following: (A) The aggregate amount designated under section 6097 of the Internal Revenue Code of 1986 for the last taxable year ending before the budget year. (B) The amount of reductions required under section 253A and the deficit remaining after those reductions have been made. (C) The sequestration percentage necessary to achieve the required reduction in accounts under section 253A(b). ; and (3) in subsection (f)— (A) by redesignating paragraphs (4) and (5) as paragraphs (5) and (6), respectively; and (B) by inserting after paragraph (3) the following: (4) Reports on sequestration to reduce the public debt The final reports shall contain all of the information contained in the public debt taxation designation report required on October 1. . (c) Conforming amendment The table of contents in section 250(a) of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended by inserting after the item relating to section 253 the following: Sec. 253A. Sequestration to reduce the public debt. . (d) Sunset The amendments made by this section shall cease to have force or effect after the first fiscal year during which there is no public debt.