There was a small sequester back in the mid-1980s, shortly after the Gramm-Rudman-Hollings law was enacted.
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Senator Ernest Hollings, a South Carolina Democrat, and Richard Gephardt, the House minority leader, support Mr Helms's idea.
"Don't expect quick work in the Senate on this nominee, " one source close to Hollings told CNN Financial News.
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McCain also needed the support of the committee's ranking Democrat, Ernest Hollings, the six-term Senator from tobacco-friendly South Carolina.
In 1985, the Gramm-Rudman-Hollings Deficit Reduction Act (GRHDRA) created the notion of sequestration.
John McCain, R-Arizona, Fritz Hollings, D-South Carolina, and Kay Bailey Hutchison, R-Texas, said they agree that federalization of workers would happen.
"I'm your friend... but in all candour you shock me with your statement, " said Senator Ernest Hollings, a South Carolina Democrat.
Hollings, 76, is up for re-election this year in what has become one of the most reliably Republican states in the Union.
Hollings primarily wants consumers to be given more access to the personal information that companies hold on them, according to his spokesman.
CNN: Technology - Senate Democrats to introduce bill mandating Web privacy standards
Indeed, it was last adopted, with some success, when it was part of the Gramm-Rudman-Hollings Balanced Budget and Emergency Deficit Control Act (1985).
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But Hollings, a fierce critic of industry self-regulation, is outside the bipartisan mainstream, which leans toward enacting mild online privacy legislation, if any.
And to make sure the formula is successful, it should be enforced by automatic spending cuts, similar to the old Gramm-Rudman-Hollings sequester provision.
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But it also could mean something akin to the old Gramm-Rudman-Hollings law, but intelligently revised to focus on annual spending rather than annual deficits.
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But you wouldn't know that from listening to the howls of regulation's fans, such as Representative Howard Berman (D-Calif.) and Senator Ernest (Fritz) Hollings (D-S.C.).
But Hollings believes in the goal of stopping kids from smoking.
Ernest Hollings (D-S.C.), the ranking Democrat on the Senate Commerce Committee, had pushed his former chief of staff on the committee, Ralph Everett, for the job.
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Balanced-budget rules not linked to expenditure limits, such as America's Gramm-Rudman-Hollings act of 1985 and the European Union's Stability and Growth Pact, have been less successful.
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The default is for privacy (opt-in) for specific personal details such as Social Security numbers, financial data, or health information, according to Andy Davis, Hollings's communications director.
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Hollings is less enamored of the four remaining Baby Bell telephone companies (BellSouth, Qwest, SBC and Verizon) than are McCain or House Commerce Committee Chairman Billy Tauzin, R-La.
This race, the Hollings camp concedes, will be very close.
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Not only is Hollings angry that his candidate didn't get the nod, but sources say he is also miffed about how the White House handled the process of making the final decision.
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The prospects for new Internet privacy legislation, an issue that has been left on the back burner so far this year, would improve only slightly with Hollings wielding the Commerce Committee gavel.
Hollings has shaken off some of the initial, negative reaction the bill has provoked among the industry, instead claiming that tougher privacy statutes will be good for Internet business, his spokesman said.
CNN: Technology - Senate Democrats to introduce bill mandating Web privacy standards
But five Democratic seats are at least as vulnerable as those two: Carol Moseley-Braun in Illinois, Harry Reid in Nevada, Barbara Boxer in California, Fritz Hollings in South Carolina, and retiring Sen.
After all, Mr Hollings scraped to victory in 1992 with only 50% of the vote, losing in the dozen largest counties and surviving only because of huge majorities in the low country.
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"This is a record of everything Fitzgerald wrote, and what he did with it, in his own hand, " said Elizabeth Sudduth, director of the Ernest F Hollings Library at the University of South Carolina.
Hollings believes that ensuring privacy is good business.
CNN: Technology - Senate Democrats to introduce bill mandating Web privacy standards
Modeled after a similar provision in the successful Gramm-Rudman-Hollings law of the 1980s, this sequester puts real teeth in the CAP Act and ensures that the burden of government spending actually would be reduced.
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The Hollings-Rockefeller legislation is also expected to contain both opt-in and opt-out requirements, which would force companies to use the most sensitive personal information on citizens only after those citizens proactively agree to that use.
CNN: Technology - Senate Democrats to introduce bill mandating Web privacy standards
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