II 109th CONGRESS 1st Session S. 19 IN THE SENATE OF THE UNITED STATES January 24, 2005 Mr. Conrad (for himself, Mr. Reid, Mr. Feingold, Ms. Mikulski, Ms. Stabenow, Mr. Inouye, Mr. Leahy, Mr. Salazar, Mr. Rockefeller, Mr. Schumer, Mrs. Feinstein, Mr. Dayton, Mr. Dodd, and Mrs. Clinton) introduced the following bill; which was read twice and referred to the Committee on the Budget A BILL To reduce budget deficits by restoring budget enforcement and strengthening fiscal responsibility.

1.

Short title

This Act may be cited as the Fiscal Responsibility for a Sound Future Act.

2.

Extension of the discretionary spending caps

(a)

In general

Section 251(c) of the Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C. 901(c)) is amended to read as follows: (c)

Discretionary Spending Limit

As used in this part, the term discretionary spending limit means, with respect to fiscal year 2005— (1)for the discretionary category: $836,268,000,000 in new budget authority and $895,966,000,000 in outlays; (2)for the highway category: $31,761,000,000 in outlays; and (3)for the mass transit category: $956,000,000 in new budget authority and $6,748,000,000 in outlays; as adjusted in strict conformance with subsection (b).. (b)

Commitment of the senate

Congress should enact a limit on total discretionary spending for fiscal year 2006.

3.

Extension of Pay-as-You-Go requirement

Section 252 of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended— (1)in subsection (a), by striking enacted before October 1, 2002; and (2)in subsection (b), by striking enacted before October 1, 2002,.

4.

Extension of budget enforcement through 2015

Section 275 of the Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C. 900 note) is amended by adding at the end the following: (d)

Reenactment

Part C of this title is reenacted into law effective for fiscal year 2005. Part C shall expire at the end of fiscal year 2015. .

5.

Reconciliation for deficit reduction in the Senate

(a)

In general

It shall not be in order in the Senate to consider under the expedited procedures applicable to reconciliation in sections 305 and 310 of the Congressional Budget Act of 1974 any bill, resolution, amendment, amendment between Houses, motion, or conference report that increases the deficit in the first fiscal year covered by the most recently adopted concurrent resolution on the budget, the period of the first 5 fiscal years covered by the most recently adopted concurrent resolution on the budget, or the period of the 5 fiscal years following the first 5 fiscal years covered by the most recently adopted concurrent resolution on the budget. (b)

Budget resolution

It shall not be in order in the Senate to consider pursuant to sections 301, 305, or 310 of the Congressional Budget Act of 1974 pertaining to concurrent resolutions on the budget any resolution, concurrent resolution, amendment, amendment between the Houses, motion, or conference report that contains any reconciliation directive that would increase the deficit in the first fiscal year covered by the most recently adopted concurrent resolution on the budget, the period of the first 5 fiscal years covered by the most recently adopted concurrent resolution on the budget, or the period of the 5 fiscal years following the first 5 fiscal years covered by the most recently adopted concurrent resolution on the budget. (c)

Supermajority waiver and appeal

This section may be waived or suspended in the Senate only by an affirmative vote of 3/5 of the Members, duly chosen and sworn. An affirmative vote of 3/5 of the Members of the Senate, duly chosen and sworn, shall be required in the Senate to sustain an appeal of the ruling of the Chair on a point of order raised under this section.

6.

Senate paygo rule

(a)

In general

Section 505(a)(5)(A) of H. Con. Res. 95 (108th Congress) is amended by striking as adjusted for any changes in revenues or direct spending assumed by such resolution. (b)

Expiration date

Section 505(e) of H. Con. Res. 95 (108th Congress) is amended by striking 2008 and inserting 2015.