(D) Process The reductions shall generally follow the process set forth in sections 253 and 254, except as provided in this section. (c) No exempt programs Section 255 and section 256 shall not apply to this section or any sequestration order issued under this section, except that payments for net interest (budget function 900) shall be exempt from the spending reductions under sequestration. (d) Low growth At any time that OMB determines that real economic growth is projected or estimated to be less than zero for any 2 consecutive quarters within a fiscal year, any sequestration order under this section shall be suspended until projected or estimated growth for a quarter is positive. . (b) Conforming amendment The table of contents set forth 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 new item: 253A. Establishing a disaster and emergency spending financial offset program. . 3. Repealer Subsection (g) of section 4 of the Statutory Pay-As-You-Go Act of 2010 ( 2 U.S.C. 933(g) ) (relating to emergency legislation) is repealed. 4. Effective date The amendments made by section 2 shall apply to fiscal years beginning at least 90 days after the date of enactment of this Act.