[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H. Con. Res. 34 Engrossed in House (EH)]

112th CONGRESS
  1st Session
H. CON. RES. 34

_______________________________________________________________________

                         CONCURRENT RESOLUTION

    Resolved by the House of Representatives (the Senate concurring),

SECTION 1. CONCURRENT RESOLUTION ON THE BUDGET FOR FISCAL YEAR 2012.

    (a) Declaration.--The Congress determines and declares that this 
concurrent resolution establishes the


              

 budget for fiscal year 2012 and sets forth appropriate budgetary 
levels for fiscal years 2013 through 2021.
    (b) Table of Contents.--The table of contents for this resolution 
is as follows:

Sec. 1. Concurrent resolution on the budget for fiscal year 2012.
                TITLE I--RECOMMENDED LEVELS AND AMOUNTS

Sec. 101. Recommended levels and amounts.
Sec. 102. Major functional categories.
 TITLE II--RECOMMENDED LEVELS AND AMOUNTS FOR FISCAL YEARS 2030, 2040, 
                                AND 2050

Sec. 201. Policy statement on long-term budgeting.
                 TITLE III--RESERVES AND CONTINGENCIES

Sec. 301. Costs of the global war on terrorism.
Sec. 302. Effective date.
Sec. 303. Reserve fund for health care reform.
Sec. 304. Reserve fund for the sustainable growth rate of the Medicare 
                            program.
Sec. 305. Reserve fund for deficit-neutral revenue measures.
Sec. 306. Deficit-neutral reserve fund for rural counties and schools.
                      TITLE IV--BUDGET ENFORCEMENT

Sec. 401. Discretionary spending limits.
Sec. 402. Limitation on advance appropriations.
Sec. 403. Concepts and definitions.
Sec. 404. Adjustments of aggregates and allocations for legislation.
Sec. 405. Limitation on long-term spending.
Sec. 406. Budgetary treatment of certain transactions.
Sec. 407. Application and effect of changes in allocations and 
                            aggregates.
Sec. 408. Fair value estimates.
Sec. 409. Exercise of rulemaking powers.
                            TITLE V--POLICY

Sec. 501. Policy Statement on Medicare.
Sec. 502. Policy Statement on Social Security.
Sec. 503. Policy statement on budget enforcement.
                TITLE VI--SENSE OF THE HOUSE PROVISIONS

Sec. 601. Sense of the House on a responsible deficit reduction plan 
                            must consider all programs, including those 
                            at the Pentagon and the other national 
                            security agencies.
Sec. 602. Sense of the House regarding the importance of child support 
                            enforcement.

                TITLE I--RECOMMENDED LEVELS AND AMOUNTS

SEC. 101. RECOMMENDED LEVELS AND AMOUNTS.

    The following budgetary levels are appropriate for each of fiscal 
years 2012 through 2021:
            (1) Federal revenues.--For purposes of the enforcement of 
        this resolution:
                    (A) The recommended levels of Federal revenues are 
                as follows:
    Fiscal year 2012: $1,866,454,000,000.
    Fiscal year 2013: $2,127,981,000,000.
    Fiscal year 2014: $2,324,503,000,000.
    Fiscal year 2015: $2,425,363,000,000.
    Fiscal year 2016: $2,522,695,000,000.
    Fiscal year 2017: $2,693,493,000,000.
    Fiscal year 2018: $2,807,893,000,000.
    Fiscal year 2019: $2,958,678,000,000.
    Fiscal year 2020: $3,119,794,000,000.
    Fiscal year 2021: $3,286,942,000,000.
                    (B) The amounts by which the aggregate levels of 
                Federal revenues should be changed are as follows:
    Fiscal year 2012: -$25,000,000,000.
    Fiscal year 2013: -$227,000,000,000.
    Fiscal year 2014: -$346,000,000,000.
    Fiscal year 2015: -$406,000,000,000.
    Fiscal year 2016: -$448,000,000,000.
    Fiscal year 2017: -$482,000,000,000.
    Fiscal year 2018: -$527,000,000,000.
    Fiscal year 2019: -$544,000,000,000.
    Fiscal year 2020: -$561,000,000,000.
    Fiscal year 2021: -$597,000,000,000.
            (2) New budget authority.--For purposes of the enforcement 
        of this resolution, the appropriate levels of total new budget 
        authority are as follows:
    Fiscal year 2012: $2,858,545,000,000.
    Fiscal year 2013: $2,835,737,000,000.
    Fiscal year 2014: $2,905,952,000,000.
    Fiscal year 2015: $2,970,061,000,000.
    Fiscal year 2016: $3,114,578,000,000.
    Fiscal year 2017: $3,224,937,000,000.
    Fiscal year 2018: $3,330,942,000,000.
    Fiscal year 2019: $3,490,088,000,000.
    Fiscal year 2020: $3,639,728,000,000.
    Fiscal year 2021: $3,767,274,000,000.
            (3) Budget outlays.--For purposes of the enforcement of 
        this resolution, the appropriate levels of total budget outlays 
        are as follows:
    Fiscal year 2012: $2,947,916,000,000.
    Fiscal year 2013: $2,915,241,000,000.
    Fiscal year 2014: $2,902,944,000,000.
    Fiscal year 2015: $2,949,301,000,000.
    Fiscal year 2016: $3,097,060,000,000.
    Fiscal year 2017: $3,193,477,000,000.
    Fiscal year 2018: $3,271,881,000,000.
    Fiscal year 2019: $3,450,742,000,000.
    Fiscal year 2020: $3,587,701,000,000.
    Fiscal year 2021: $3,726,564,000,000.
            (4) Deficits (on-budget).--For purposes of the enforcement 
        of this resolution, the amounts of the deficits (on-budget) are 
        as follows:
    Fiscal year 2012: $1,081,462,000,000.
    Fiscal year 2013: $787,260,000,000.
    Fiscal year 2014: $578,441,000,000.
    Fiscal year 2015: $523,938,000,000.
    Fiscal year 2016: $574,365,000,000.
    Fiscal year 2017: $499,984,000,000.
    Fiscal year 2018: $463,988,000,000.
    Fiscal year 2019: $492,064,000,000.
    Fiscal year 2020: $467,907,000,000.
    Fiscal year 2021: $439,622,000,000.
            (5) Debt subject to limit.--Pursuant to section 301(a)(5) 
        of the Congressional Budget Act of 1974, the appropriate levels 
        of the public debt are as follows:
    Fiscal year 2012: $16,204,000,000,000.
    Fiscal year 2013: $17,177,000,000,000.
    Fiscal year 2014: $17,951,000,000,000.
    Fiscal year 2015: $18,697,000,000,000.
    Fiscal year 2016: $19,503,000,000,000.
    Fiscal year 2017: $20,245,000,000,000.
    Fiscal year 2018: $20,968,000,000,000.
    Fiscal year 2019: $21,699,000,000,000.
    Fiscal year 2020: $22,408,000,000,000.
    Fiscal year 2021: $23,102,000,000,000.
            (6) Debt held by the public.--The appropriate levels of 
        debt held by the public are as follows:
    Fiscal year 2012: $11,418,000,000,000.
    Fiscal year 2013: $12,216,000,000,000.
    Fiscal year 2014: $12,797,000,000,000.
    Fiscal year 2015: $13,319,000,000,000.
    Fiscal year 2016: $13,876,000,000,000.
    Fiscal year 2017: $14,351,000,000,000.
    Fiscal year 2018: $14,787,000,000,000.
    Fiscal year 2019: $15,242,000,000,000.
    Fiscal year 2020: $15,673,000,000,000.
    Fiscal year 2021; $16,068,000,000,000.

SEC. 102. MAJOR FUNCTIONAL CATEGORIES.

    The Congress determines and declares that the appropriate levels of 
new budget authority and outlays for fiscal years 2011 through 2021 for 
each major functional category are:
            (1) National Defense (050):
                    Fiscal year 2012:
                            (A) New budget authority, $582,626,000,000.
                            (B) Outlays, $593,580,000,000.
                    Fiscal year 2013:
                            (A) New budget authority, $600,283,000,000.
                            (B) Outlays, $597,211,000,000.
                    Fiscal year 2014:
                            (A) New budget authority, $616,451,000,000.
                            (B) Outlays, $606,903,000,000.
                    Fiscal year 2015:
                            (A) New budget authority, $628,847,000,000.
                            (B) Outlays, $618,837,000,000.
                    Fiscal year 2016:
                            (A) New budget authority, $641,976,000,000.
                            (B) Outlays, $635,475,000,000.
                    Fiscal year 2017:
                            (A) New budget authority, $653,695,000,000.
                            (B) Outlays, $643,275,000,000.
                    Fiscal year 2018:
                            (A) New budget authority, $665,679,000,000.
                            (B) Outlays, $650,246,000,000.
                    Fiscal year 2019:
                            (A) New budget authority, $677,884,000,000.
                            (B) Outlays, $666,959,000,000.
                    Fiscal year 2020:
                            (A) New budget authority, $690,273,000,000.
                            (B) Outlays, $679,088,000,000.
                    Fiscal year 2021:
                            (A) New budget authority, $702,903,000,000.
                            (B) Outlays, $691,494,000,000.
            (2) International Affairs (150):
                    Fiscal year 2012:
                            (A) New budget authority, $36,575,000,000.
                            (B) Outlays, $36,102,000,000.
                    Fiscal year 2013:
                            (A) New budget authority, $35,653,000,000.
                            (B) Outlays, $34,545,000,000.
                    Fiscal year 2014:
                            (A) New budget authority, $31,694,000,000.
                            (B) Outlays, $34,178,000,000.
                    Fiscal year 2015:
                            (A) New budget authority, $30,316,000,000.
                            (B) Outlays, $32,613,000,000.
                    Fiscal year 2016:
                            (A) New budget authority, $29,356,000,000.
                            (B) Outlays, $32,161,000,000.
                    Fiscal year 2017:
                            (A) New budget authority, $30,729,000,000.
                            (B) Outlays, $31,926,000,000.
                    Fiscal year 2018:
                            (A) New budget authority, $31,978,000,000.
                            (B) Outlays, $31,594,000,000.
                    Fiscal year 2019:
                            (A) New budget authority, $32,824,000,000.
                            (B) Outlays, $30,487,000,000.
                    Fiscal year 2020:
                            (A) New budget authority, $33,698,000,000.
                            (B) Outlays, $30,123,000,000.
                    Fiscal year 2021:
                            (A) New budget authority, $34,572,000,000.
                            (B) Outlays, $30,740,000,000.
            (3) General Science, Space, and Technology (250):
                    Fiscal year 2012:
                            (A) New budget authority, $27,452,000,000.
                            (B) Outlays, $29,798,000,000.
                    Fiscal year 2013:
                            (A) New budget authority, $27,316,000,000.
                            (B) Outlays, $28,242,000,000.
                    Fiscal year 2014:
                            (A) New budget authority, $27,312,000,000.
                            (B) Outlays, $27,763,000,000.
                    Fiscal year 2015:
                            (A) New budget authority, $27,312,000,000.
                            (B) Outlays, $27,469,000,000.
                    Fiscal year 2016:
                            (A) New budget authority, $27,311,000,000.
                            (B) Outlays, $27,506,000,000.
                    Fiscal year 2017:
                            (A) New budget authority, $27,652,000,000.
                            (B) Outlays, $27,646,000,000.
                    Fiscal year 2018:
                            (A) New budget authority, $28,341,000,000.
                            (B) Outlays, $28,114,000,000.
                    Fiscal year 2019:
                            (A) New budget authority, $29,049,000,000.
                            (B) Outlays, $28,684,000,000.
                    Fiscal year 2020:
                            (A) New budget authority, $29,758,000,000.
                            (B) Outlays, $29,344,000,000.
                    Fiscal year 2021:
                            (A) New budget authority, $30,472,000,000.
                            (B) Outlays, $29,946,000,000.
            (4) Energy (270):
                    Fiscal year 2012:
                            (A) New budget authority, $6,996,000,000.
                            (B) Outlays, $16,174,000,000.
                    Fiscal year 2013:
                            (A) New budget authority, $3,850,000,000.
                            (B) Outlays, $10,053,000,000.
                    Fiscal year 2014:
                            (A) New budget authority, $1,215,000,000.
                            (B) Outlays, $4,547,000,000.
                    Fiscal year 2015:
                            (A) New budget authority, $1,101,000,000.
                            (B) Outlays, $1,360,000,000.
                    Fiscal year 2016:
                            (A) New budget authority, $1,021,000,000.
                            (B) Outlays, $340,000,000.
                    Fiscal year 2017:
                            (A) New budget authority, $1,010,000,000.
                            (B) Outlays, $460,000,000.
                    Fiscal year 2018:
                            (A) New budget authority, $1,075,000,000.
                            (B) Outlays, $539,000,000.
                    Fiscal year 2019:
                            (A) New budget authority, $1,211,000,000.
                            (B) Outlays, $497,000,000.
                    Fiscal year 2020:
                            (A) New budget authority, $1,179,000,000.
                            (B) Outlays, $470,000,000.
                    Fiscal year 2021:
                            (A) New budget authority, $1,195,000,000.
                            (B) Outlays, $476,000,000.
            (5) Natural Resources and Environment (300):
                    Fiscal year 2012:
                            (A) New budget authority, $31,921,000,000.
                            (B) Outlays, $36,818,000,000.
                    Fiscal year 2013:
                            (A) New budget authority, $29,414,000,000.
                            (B) Outlays, $33,386,000,000.
                    Fiscal year 2014:
                            (A) New budget authority, $25,296,000,000.
                            (B) Outlays, $28,943,000,000.
                    Fiscal year 2015:
                            (A) New budget authority, $26,893,000,000.
                            (B) Outlays, $29,271,000,000.
                    Fiscal year 2016:
                            (A) New budget authority, $25,231,000,000.
                            (B) Outlays, $26,070,000,000.
                    Fiscal year 2017:
                            (A) New budget authority, $26,156,000,000.
                            (B) Outlays, $26,307,000,000.
                    Fiscal year 2018:
                            (A) New budget authority, $26,618,000,000.
                            (B) Outlays, $25,308,000,000.
                    Fiscal year 2019:
                            (A) New budget authority, $26,956,000,000.
                            (B) Outlays, $25,439,000,000.
                    Fiscal year 2020:
                            (A) New budget authority, $27,787,000,000.
                            (B) Outlays, $25,990,000,000.
                    Fiscal year 2021:
                            (A) New budget authority, $27,756,000,000.
                            (B) Outlays, $25,992,000,000.
            (6) Agriculture (350):
                    Fiscal year 2012:
                            (A) New budget authority, $19,819,000,000.
                            (B) Outlays, $19,559,000,000.
                    Fiscal year 2013:
                            (A) New budget authority, $18,396,000,000.
                            (B) Outlays, $21,989,000,000.
                    Fiscal year 2014:
                            (A) New budget authority, $16,717,000,000.
                            (B) Outlays, $16,469,000,000.
                    Fiscal year 2015:
                            (A) New budget authority, $17,355,000,000.
                            (B) Outlays, $16,688,000,000.
                    Fiscal year 2016:
                            (A) New budget authority, $17,235,000,000.
                            (B) Outlays, $16,505,000,000.
                    Fiscal year 2017:
                            (A) New budget authority, $16,859,000,000.
                            (B) Outlays, $16,069,000,000.
                    Fiscal year 2018:
                            (A) New budget authority, $17,025,000,000.
                            (B) Outlays, $16,180,000,000.
                    Fiscal year 2019:
                            (A) New budget authority, $17,159,000,000.
                            (B) Outlays, $16,283,000,000.
                    Fiscal year 2020:
                            (A) New budget authority, $17,469,000,000.
                            (B) Outlays, $16,579,000,000.
                    Fiscal year 2021:
                            (A) New budget authority, $17,755,000,000.
                            (B) Outlays, $16,873,000,000.
            (7) Commerce and Housing Credit (370):
                    Fiscal year 2012:
                            (A) New budget authority, $14,317,000,000.
                            (B) Outlays, $16,275,000,000.
                    Fiscal year 2013:
                            (A) New budget authority, $4,040,000,000.
                            (B) Outlays, $2,611,000,000.
                    Fiscal year 2014:
                            (A) New budget authority, $508,000,000.
                            (B) Outlays, -$13,986,000,000.
                    Fiscal year 2015:
                            (A) New budget authority, -$2,609,000,000.
                            (B) Outlays, -$19,417,000,000.
                    Fiscal year 2016:
                            (A) New budget authority, -$3,260,000,000.
                            (B) Outlays, -$23,459,000,000.
                    Fiscal year 2017:
                            (A) New budget authority, -$293,000,000.
                            (B) Outlays, -$23,592,000,000.
                    Fiscal year 2018:
                            (A) New budget authority, -$261,000,000.
                            (B) Outlays, -$25,981,000,000.
                    Fiscal year 2019:
                            (A) New budget authority, -$222,000,000.
                            (B) Outlays, -$17,547,000,000.
                    Fiscal year 2020:
                            (A) New budget authority, -$128,000,000.
                            (B) Outlays, -$17,992,000,000.
                    Fiscal year 2021:
                            (A) New budget authority, -$196,000,000.
                            (B) Outlays, -$19,650,000,000.
            (8) Transportation (400):
                    Fiscal year 2012:
                            (A) New budget authority, $64,316,000,000.
                            (B) Outlays, $80,431,000,000.
                    Fiscal year 2013:
                            (A) New budget authority, $64,515,000,000.
                            (B) Outlays, $71,264,000,000.
                    Fiscal year 2014:
                            (A) New budget authority, $64,265,000,000.
                            (B) Outlays, $67,722,000,000.
                    Fiscal year 2015:
                            (A) New budget authority, $60,377,000,000.
                            (B) Outlays, $66,084,000,000.
                    Fiscal year 2016:
                            (A) New budget authority, $68,563,000,000.
                            (B) Outlays, $65,957,000,000.
                    Fiscal year 2017:
                            (A) New budget authority, $65,916,000,000.
                            (B) Outlays, $67,036,000,000.
                    Fiscal year 2018:
                            (A) New budget authority, $70,578,000,000.
                            (B) Outlays, $67,451,000,000.
                    Fiscal year 2019:
                            (A) New budget authority, $66,719,000,000.
                            (B) Outlays, $69,869,000,000.
                    Fiscal year 2020:
                            (A) New budget authority, $67,472,000,000.
                            (B) Outlays, $71,551,000,000.
                    Fiscal year 2021:
                            (A) New budget authority, $68,936,000,000.
                            (B) Outlays, $76,853,000,000.
            (9) Community and Regional Development (450):
                    Fiscal year 2012:
                            (A) New budget authority, $11,572,000,000.
                            (B) Outlays, $23,559,000,000.
                    Fiscal year 2013:
                            (A) New budget authority, $11,344,000,000.
                            (B) Outlays, $20,609,000,000.
                    Fiscal year 2014:
                            (A) New budget authority, $11,280,000,000.
                            (B) Outlays, $18,127,000,000.
                    Fiscal year 2015:
                            (A) New budget authority, $11,206,000,000.
                            (B) Outlays, $14,176,000,000.
                    Fiscal year 2016:
                            (A) New budget authority, $11,117,000,000.
                            (B) Outlays, $12,257,000,000.
                    Fiscal year 2017:
                            (A) New budget authority, $11,219,000,000.
                            (B) Outlays, $11,231,000,000.
                    Fiscal year 2018:
                            (A) New budget authority, $11,497,000,000.
                            (B) Outlays, $10,860,000,000.
                    Fiscal year 2019:
                            (A) New budget authority, $11,779,000,000.
                            (B) Outlays, $11,028,000,000.
                    Fiscal year 2020:
                            (A) New budget authority, $12,065,000,000.
                            (B) Outlays, $11,294,000,000.
                    Fiscal year 2021:
                            (A) New budget authority, $12,354,000,000.
                            (B) Outlays, $11,524,000,000.
            (10) Education, Training, Employment, and Social Services 
        (500):
                    Fiscal year 2012:
                            (A) New budget authority, $67,122,000,000.
                            (B) Outlays, $100,012,000,000.
                    Fiscal year 2013:
                            (A) New budget authority, $63,887,000,000.
                            (B) Outlays, $73,071,000,000.
                    Fiscal year 2014:
                            (A) New budget authority, $66,076,000,000.
                            (B) Outlays, $68,044,000,000.
                    Fiscal year 2015:
                            (A) New budget authority, $69,446,000,000.
                            (B) Outlays, $70,450,000,000.
                    Fiscal year 2016:
                            (A) New budget authority, $73,314,000,000.
                            (B) Outlays, $73,310,000,000.
                    Fiscal year 2017:
                            (A) New budget authority, $75,371,000,000.
                            (B) Outlays, $75,665,000,000.
                    Fiscal year 2018:
                            (A) New budget authority, $76,798,000,000.
                            (B) Outlays, $77,013,000,000.
                    Fiscal year 2019:
                            (A) New budget authority, $78,314,000,000.
                            (B) Outlays, $78,385,000,000.
                    Fiscal year 2020:
                            (A) New budget authority, $79,629,000,000.
                            (B) Outlays, $79,806,000,000.
                    Fiscal year 2021:
                            (A) New budget authority, $80,952,000,000.
                            (B) Outlays, $81,047,000,000.
            (11) Health (550):
                    Fiscal year 2012:
                            (A) New budget authority, $341,873,000,000.
                            (B) Outlays, $346,636,000,000.
                    Fiscal year 2013:
                            (A) New budget authority, $343,733,000,000.
                            (B) Outlays, $340,608,000,000.
                    Fiscal year 2014:
                            (A) New budget authority, $338,064,000,000.
                            (B) Outlays, $320,444,000,000.
                    Fiscal year 2015:
                            (A) New budget authority, $327,012,000,000.
                            (B) Outlays, $315,117,000,000.
                    Fiscal year 2016:
                            (A) New budget authority, $320,409,000,000.
                            (B) Outlays, $325,200,000,000.
                    Fiscal year 2017:
                            (A) New budget authority, $339,663,000,000.
                            (B) Outlays, $342,703,000,000.
                    Fiscal year 2018:
                            (A) New budget authority, $349,840,000,000.
                            (B) Outlays, $347,303,000,000.
                    Fiscal year 2019:
                            (A) New budget authority, $371,826,000,000.
                            (B) Outlays, $368,558,000,000.
                    Fiscal year 2020:
                            (A) New budget authority, $395,908,000,000.
                            (B) Outlays, $382,056,000,000.
                    Fiscal year 2021:
                            (A) New budget authority, $404,674,000,000.
                            (B) Outlays, $400,682,000,000.
            (12) Medicare (570):
                    Fiscal year 2012:
                            (A) New budget authority, $481,521,000,000.
                            (B) Outlays, $481,816,000,000.
                    Fiscal year 2013:
                            (A) New budget authority, $519,903,000,000.
                            (B) Outlays, $520,406,000,000.
                    Fiscal year 2014:
                            (A) New budget authority, $550,105,000,000.
                            (B) Outlays, $550,248,000,000.
                    Fiscal year 2015:
                            (A) New budget authority, $573,252,000,000.
                            (B) Outlays, $573,333,000,000.
                    Fiscal year 2016:
                            (A) New budget authority, $618,945,000,000.
                            (B) Outlays, $619,385,000,000.
                    Fiscal year 2017:
                            (A) New budget authority, $637,938,000,000.
                            (B) Outlays, $638,059,000,000.
                    Fiscal year 2018:
                            (A) New budget authority, $657,067,000,000.
                            (B) Outlays, $657,111,000,000.
                    Fiscal year 2019:
                            (A) New budget authority, $711,486,000,000.
                            (B) Outlays, $711,897,000,000.
                    Fiscal year 2020:
                            (A) New budget authority, $758,271,000,000.
                            (B) Outlays, $758,376,000,000.
                    Fiscal year 2021:
                            (A) New budget authority, $809,106,000,000.
                            (B) Outlays, $809,201,000,000.
            (13) Income Security (600):
                    Fiscal year 2012:
                            (A) New budget authority, $501,664,000,000.
                            (B) Outlays, $501,006,000,000.
                    Fiscal year 2013:
                            (A) New budget authority, $487,498,000,000.
                            (B) Outlays, $487,248,000,000.
                    Fiscal year 2014:
                            (A) New budget authority, $457,308,000,000.
                            (B) Outlays, $456,072,000,000.
                    Fiscal year 2015:
                            (A) New budget authority, $431,150,000,000.
                            (B) Outlays, $429,143,000,000.
                    Fiscal year 2016:
                            (A) New budget authority, $436,659,000,000.
                            (B) Outlays, $438,896,000,000.
                    Fiscal year 2017:
                            (A) New budget authority, $436,985,000,000.
                            (B) Outlays, $434,795,000,000.
                    Fiscal year 2018:
                            (A) New budget authority, $441,467,000,000.
                            (B) Outlays, $434,302,000,000.
                    Fiscal year 2019:
                            (A) New budget authority, $457,183,000,000.
                            (B) Outlays, $454,448,000,000.
                    Fiscal year 2020:
                            (A) New budget authority, $468,308,000,000.
                            (B) Outlays, $465,565,000,000.
                    Fiscal year 2021:
                            (A) New budget authority, $480,687,000,000.
                            (B) Outlays, $477,942,000,000.
            (14) Social Security (650):
                    Fiscal year 2012:
                            (A) New budget authority, $54,439,000,000.
                            (B) Outlays, $54,624,000,000.
                    Fiscal year 2013:
                            (A) New budget authority, $29,096,000,000.
                            (B) Outlays, $29,256,000,000.
                    Fiscal year 2014:
                            (A) New budget authority, $32,701,000,000.
                            (B) Outlays, $32,776,000,000.
                    Fiscal year 2015:
                            (A) New budget authority, $36,261,000,000.
                            (B) Outlays, $36,311,000,000.
                    Fiscal year 2016:
                            (A) New budget authority, $40,171,000,000.
                            (B) Outlays, $40,171,000,000.
                    Fiscal year 2017:
                            (A) New budget authority, $44,263,000,000.
                            (B) Outlays, $44,263,000,000.
                    Fiscal year 2018:
                            (A) New budget authority, $48,717,000,000.
                            (B) Outlays, $48,717,000,000.
                    Fiscal year 2019:
                            (A) New budget authority, $53,508,000,000.
                            (B) Outlays, $53,508,000,000.
                    Fiscal year 2020:
                            (A) New budget authority, $58,552,000,000.
                            (B) Outlays, $58,552,000,000.
                    Fiscal year 2021:
                            (A) New budget authority, $64,053,000,000.
                            (B) Outlays, $64,053,000,000.
            (15) Veterans Benefits and Services (700):
                    Fiscal year 2012:
                            (A) New budget authority, $128,339,000,000.
                            (B) Outlays, $127,140,000,000.
                    Fiscal year 2013:
                            (A) New budget authority, $130,024,000,000.
                            (B) Outlays, $130,025,000,000.
                    Fiscal year 2014:
                            (A) New budget authority, $134,143,000,000.
                            (B) Outlays, $134,055,000,000.
                    Fiscal year 2015:
                            (A) New budget authority, $138,167,000,000.
                            (B) Outlays, $137,851,000,000.
                    Fiscal year 2016:
                            (A) New budget authority, $147,410,000,000.
                            (B) Outlays, $146,868,000,000.
                    Fiscal year 2017:
                            (A) New budget authority, $146,323,000,000.
                            (B) Outlays, $145,704,000,000.
                    Fiscal year 2018:
                            (A) New budget authority, $145,412,000,000.
                            (B) Outlays, $144,751,000,000.
                    Fiscal year 2019:
                            (A) New budget authority, $155,091,000,000.
                            (B) Outlays, $154,407,000,000.
                    Fiscal year 2020:
                            (A) New budget authority, $159,680,000,000.
                            (B) Outlays, $158,979,000,000.
                    Fiscal year 2021:
                            (A) New budget authority, $164,381,000,000.
                            (B) Outlays, $163,622,000,000.
            (16) Administration of Justice (750):
                    Fiscal year 2012:
                            (A) New budget authority, $56,946,000,000.
                            (B) Outlays, $53,931,000,000.
                    Fiscal year 2013:
                            (A) New budget authority, $45,326,000,000.
                            (B) Outlays, $50,482,000,000.
                    Fiscal year 2014:
                            (A) New budget authority, $45,093,000,000.
                            (B) Outlays, $48,664,000,000.
                    Fiscal year 2015:
                            (A) New budget authority, $44,928,000,000.
                            (B) Outlays, $47,337,000,000.
                    Fiscal year 2016:
                            (A) New budget authority, $47,009,000,000.
                            (B) Outlays, $48,519,000,000.
                    Fiscal year 2017:
                            (A) New budget authority, $45,731,000,000.
                            (B) Outlays, $46,650,000,000.
                    Fiscal year 2018:
                            (A) New budget authority, $46,669,000,000.
                            (B) Outlays, $46,957,000,000.
                    Fiscal year 2019:
                            (A) New budget authority, $47,768,000,000.
                            (B) Outlays, $47,649,000,000.
                    Fiscal year 2020:
                            (A) New budget authority, $50,848,000,000.
                            (B) Outlays, $50,415,000,000.
                    Fiscal year 2021:
                            (A) New budget authority, $52,863,000,000.
                            (B) Outlays, $52,407,000,000.
            (17) General Government (800):
                    Fiscal year 2012:
                            (A) New budget authority, $22,762,000,000.
                            (B) Outlays, $27,205,000,000.
                    Fiscal year 2013:
                            (A) New budget authority, $22,185,000,000.
                            (B) Outlays, $23,460,000,000.
                    Fiscal year 2014:
                            (A) New budget authority, $22,232,000,000.
                            (B) Outlays, $22,619,000,000.
                    Fiscal year 2015:
                            (A) New budget authority, $22,183,000,000.
                            (B) Outlays, $22,021,000,000.
                    Fiscal year 2016:
                            (A) New budget authority, $22,217,000,000.
                            (B) Outlays, $21,643,000,000.
                    Fiscal year 2017:
                            (A) New budget authority, $22,453,000,000.
                            (B) Outlays, $21,718,000,000.
                    Fiscal year 2018:
                            (A) New budget authority, $22,979,000,000.
                            (B) Outlays, $22,016,000,000.
                    Fiscal year 2019:
                            (A) New budget authority, $23,559,000,000.
                            (B) Outlays, $22,295,000,000.
                    Fiscal year 2020:
                            (A) New budget authority, $23,915,000,000.
                            (B) Outlays, $22,606,000,000.
                    Fiscal year 2021:
                            (A) New budget authority, $24,356,000,000.
                            (B) Outlays, $23,024,000,000.
            (18) Net Interest (900):
                    Fiscal year 2012:
                            (A) New budget authority, $372,558,000,000.
                            (B) Outlays, $372,558,000,000.
                    Fiscal year 2013:
                            (A) New budget authority, $435,109,000,000.
                            (B) Outlays, $435,109,000,000.
                    Fiscal year 2014:
                            (A) New budget authority, $508,435,000,000.
                            (B) Outlays, $508,435,000,000.
                    Fiscal year 2015:
                            (A) New budget authority, $578,063,000,000.
                            (B) Outlays, $578,063,000,000.
                    Fiscal year 2016:
                            (A) New budget authority, $648,083,000,000.
                            (B) Outlays, $648,083,000,000.
                    Fiscal year 2017:
                            (A) New budget authority, $712,300,000,000.
                            (B) Outlays, $712,300,000,000.
                    Fiscal year 2018:
                            (A) New budget authority, $769,605,000,000.
                            (B) Outlays, $769,605,000,000.
                    Fiscal year 2019:
                            (A) New budget authority, $818,115,000,000.
                            (B) Outlays, $818,115,000,000.
                    Fiscal year 2020:
                            (A) New budget authority, $864,371,000,000.
                            (B) Outlays, $864,371,000,000.
                    Fiscal year 2021:
                            (A) New budget authority, $899,690,000,000.
                            (B) Outlays, $899,690,000,000.
            (19) Allowances (920):
                    Fiscal year 2012:
                            (A) New budget authority, -$6,299,000,000.
                            (B) Outlays, -$2,626,000,000.
                    Fiscal year 2013:
                            (A) New budget authority, -$4,386,000,000.
                            (B) Outlays, -$5,545,000,000.
                    Fiscal year 2014:
                            (A) New budget authority, -$10,247,000,000.
                            (B) Outlays, -$11,263,000,000.
                    Fiscal year 2015:
                            (A) New budget authority, -$16,340,000,000.
                            (B) Outlays, -$16,946,000,000.
                    Fiscal year 2016:
                            (A) New budget authority, -$22,243,000,000.
                            (B) Outlays, -$22,809,000,000.
                    Fiscal year 2017:
                            (A) New budget authority, -$27,786,000,000.
                            (B) Outlays, -$27,637,000,000.
                    Fiscal year 2018:
                            (A) New budget authority, -$33,072,000,000.
                            (B) Outlays, -$32,959,000,000.
                    Fiscal year 2019:
                            (A) New budget authority, -$38,404,000,000.
                            (B) Outlays, -$38,286,000,000.
                    Fiscal year 2020:
                            (A) New budget authority, -$43,684,000,000.
                            (B) Outlays, -$43,594,000,000.
                    Fiscal year 2021:
                            (A) New budget authority, -$49,060,000,000.
                            (B) Outlays, -$48,947,000,000.
            (20) Undistributed Offsetting Receipts (950):
                    Fiscal year 2012:
                            (A) New budget authority, -$84,517,000,000.
                            (B) Outlays, -$84,517,000,000.
                    Fiscal year 2013:
                            (A) New budget authority, -$81,449,000,000.
                            (B) Outlays, -$81,449,000,000.
                    Fiscal year 2014:
                            (A) New budget authority, -$82,695,000,000.
                            (B) Outlays, -$82,695,000,000.
                    Fiscal year 2015:
                            (A) New budget authority, -$84,857,000,000.
                            (B) Outlays, -$84,857,000,000.
                    Fiscal year 2016:
                            (A) New budget authority, -$85,946,000,000.
                            (B) Outlays, -$85,946,000,000.
                    Fiscal year 2017:
                            (A) New budget authority, -$91,248,000,000.
                            (B) Outlays, -$91,248,000,000.
                    Fiscal year 2018:
                            (A) New budget authority, -$97,099,000,000.
                            (B) Outlays, -$97,099,000,000.
                    Fiscal year 2019:
                            (A) New budget authority, -
                        $101,718,000,000.
                            (B) Outlays, -$101,718,000,000.
                    Fiscal year 2020:
                            (A) New budget authority, -
                        $105,645,000,000.
                            (B) Outlays, -$105,645,000,000.
                    Fiscal year 2021:
                            (A) New budget authority, -
                        $110,174,000,000.
                            (B) Outlays, -$110,174,000,000.
            (21) Global War on Terrorism and related activities (970):
                    Fiscal year 2012:
                            (A) New budget authority, $126,544,000,000.
                            (B) Outlays, $117,835,000,000.
                    Fiscal year 2013:
                            (A) New budget authority, $50,000,000,000.
                            (B) Outlays, $92,661,000,000.
                    Fiscal year 2014:
                            (A) New budget authority, $50,000,000,000.
                            (B) Outlays, $64,878,000,000.
                    Fiscal year 2015:
                            (A) New budget authority, $50,000,000,000.
                            (B) Outlays, $54,401,000,000.
                    Fiscal year 2016:
                            (A) New budget authority, $50,000,000,000.
                            (B) Outlays, $50,929,000,000.
                    Fiscal year 2017:
                            (A) New budget authority, $50,000,000,000.
                            (B) Outlays, $50,147,000,000.
                    Fiscal year 2018:
                            (A) New budget authority, $50,000,000,000.
                            (B) Outlays, $49,851,000,000.
                    Fiscal year 2019:
                            (A) New budget authority, $50,000,000,000.
                            (B) Outlays, $49,784,000,000.
                    Fiscal year 2020:
                            (A) New budget authority, $50,000,000,000.
                            (B) Outlays, $49,769,000,000.
                    Fiscal year 2021:
                            (A) New budget authority, $50,000,000,000.
                            (B) Outlays, $49,769,000,000.

 TITLE II--RECOMMENDED LEVELS AND AMOUNTS FOR FISCAL YEARS 2030, 2040, 
                                AND 2050

SEC. 201. POLICY STATEMENT ON LONG-TERM BUDGETING.

    The following are the recommended budget levels for each of fiscal 
years 2030, 2040, and 2050 as a percent of the gross domestic product 
of the United States:
            (1) Federal revenues.--The appropriate levels of Federal 
        revenues are as follows:
    Fiscal year 2030: 19 percent.
    Fiscal year 2040: 19 percent.
    Fiscal year 2050: 19 percent.
            (2) Budget outlays.--The appropriate levels of total budget 
        outlays are as follows:
    Fiscal year 2030: 20.75 percent.
    Fiscal year 2040: 18.75 percent.
    Fiscal year 2050: 14.75 percent.
            (3) Deficits.--The appropriate amounts of deficits are as 
        follows:
    Fiscal year 2030: -1.75 percent.
    Fiscal year 2040: 0.25 percent.
    Fiscal year 2050: 4.25 percent.
            (4) Debt held by the public.--The appropriate levels of 
        debt held by the public are as follows:
    Fiscal year 2030: 64 percent.
    Fiscal year 2040: 48 percent.
    Fiscal year 2050: 10 percent.

                 TITLE III--RESERVES AND CONTINGENCIES

SEC. 301. COSTS OF THE GLOBAL WAR ON TERRORISM.

    In the House, if any bill, joint resolution, amendment, or 
conference report makes appropriations for fiscal year 2012 for the 
global war on terrorism and other activities and such amounts are so 
designated pursuant to this paragraph, then the allocation to the House 
Committee on Appropriations and the discretionary spending limits set 
forth in section 401 may be adjusted by the amounts provided in such 
legislation for that purpose up to the amounts of budget authority 
specified in section 102(21) for fiscal year 2012 and the new outlays 
resulting therefrom.

SEC. 302. EFFECTIVE DATE.

    Section 3(c) of House Resolution 5 (112th Congress) shall have 
force and effect through May 31, 2011.

SEC. 303. RESERVE FUND FOR HEALTH CARE REFORM.

    In the House, the chairman of the Committee on the Budget may 
revise the allocations, aggregates, and other appropriate levels in 
this resolution for the budgetary effects of any bill, joint 
resolution, amendment, or conference report that repeals the Patient 
Protection and Affordable Care Act or the Health Care and Education 
Reconciliation Act of 2010.

SEC. 304. RESERVE FUND FOR THE SUSTAINABLE GROWTH RATE OF THE MEDICARE 
              PROGRAM.

    In the House, the chairman of the Committee on the Budget may 
revise the allocations, aggregates, and other appropriate levels in 
this resolution for the budgetary effects of any bill, joint 
resolution, amendment, or conference report that includes provisions 
amending or superseding the system for updating payments under section 
1848 of the Social Security Act, if such measure does not increase the 
deficit in the period of fiscal years 2012 through 2021.

SEC. 305. RESERVE FUND FOR DEFICIT-NEUTRAL REVENUE MEASURES.

    If any bill reported by the Committee on Ways and Means, or 
amendment thereto or conference report thereon, decreases revenue, the 
chair of the Committee on the Budget may adjust the allocations and 
aggregates of this concurrent resolution, if such measure would not 
increase the deficit over the period of fiscal years 2012 through 2021.

SEC. 306. DEFICIT-NEUTRAL RESERVE FUND FOR RURAL COUNTIES AND SCHOOLS.

    In the House, the chairman of the Committee on the Budget may 
revise the allocations of a committee or committees, aggregates, and 
other appropriate levels and limits in this resolution for one or more 
bills, joint resolutions, amendments, motions, or conference reports 
that make changes to or provide for the reauthorization of the Secure 
Rural Schools and Community Self Determination Act of 2000 (Public Law 
106-393) or make changes to the Payments in Lieu of Taxes Act of 1976 
(Public Law 94-565), or both, by the amounts provided by that 
legislation for those purposes, provided that such legislation would 
not increase the deficit or direct spending over either the period of 
the total of fiscal years 2012 through 2021 or the period of the total 
of fiscal years 2012 through 2016, or for fiscal year 2012.

                      TITLE IV--BUDGET ENFORCEMENT

SEC. 401. DISCRETIONARY SPENDING LIMITS.

    (a) Discretionary Spending Limits.--Spending limits for total 
discretionary Federal spending are--
            fiscal year 2012--
                    (1) new budget authority, $1,019,402,000,000; and
                    (2) outlays, $1,170,384,000,000;
            fiscal year 2013--
                    (1) new budget authority, $1,027,896,000,000; and
                    (2) outlays, $1,113,298,000,000;
            fiscal year 2014--
                    (1) new budget authority, $1,038,537,000,000; and
                    (2) outlays, $1,094,740,000,000;
            fiscal year 2015--
                    (1) new budget authority, $1,046,680,000,000; and
                    (2) outlays, $1,089,081,000,000;
            fiscal year 2016--
                    (1) new budget authority, $1,055,779,000,000; and
                    (2) outlays, $1,093,043,000,000;
            fiscal year 2017--
                    (1) new budget authority, $1,067,794,000,000; and
                    (2) outlays, $1,098,357,000,000;
            fiscal year 2018--
                    (1) new budget authority, $1,085,259,000,000; and
                    (2) outlays, $1,105,668,000,000;
            fiscal year 2019--
                    (1) new budget authority, $1,103,802,000,000; and
                    (2) outlays, $1,126,521,000,000;
            fiscal year 2020--
                    (1) new budget authority, $1,122,611,000,000; and
                    (2) outlays, $1,145,102,000,000; and
            fiscal year 2021--
                    (1) new budget authority, $1,141,640,000,000; and
                    (2) outlays, $1,167,939,000,000.
    (b) Enforcement.--In the House, it shall not be in order to 
consider any bill or joint resolution, or amendment thereto or 
conference report thereon, that causes discretionary budget authority 
to exceed any level set forth in subsection (a).

SEC. 402. LIMITATION ON ADVANCE APPROPRIATIONS.

    (a) In General.--In the House, except as provided in subsection 
(b), any bill, joint resolution, an amendment thereto or conference 
report thereon, making a general appropriation or continuing 
appropriation may not provide for advance appropriations.
    (b) Exceptions.--An advance appropriation may be provided for 
programs, projects, activities, or accounts referred to in subsection 
(c)(1) or identified in the report to accompany this resolution or the 
joint explanatory statement of managers to accompany this resolution 
under the heading ``Accounts Identified for Advance Appropriations''.
    (c) Limitations.--For fiscal year 2013, the aggregate amount of 
advance appropriation shall not exceed--
            (1) $52,541,000,000 for the following programs in the 
        Department of Veterans Affairs--
                    (A) Medical Services;
                    (B) Medical Support and Compliance; and
                    (C) Medical Facilities accounts of the Veterans 
                Health Administration; and
            (2) $28,852,000,000 in new budget authority for all other 
        programs.
    (d) Definition.--In this section, the term ``advance 
appropriation'' means any new discretionary budget authority provided 
in a bill or joint resolution making general appropriations or any new 
discretionary budget authority provided in a bill or joint resolution 
making continuing appropriations for fiscal year 2013.
    (e) Adjustments.--The chairman of the Committee on the Budget may 
adjust the list referred to in subsection (b) or the amount set forth 
in subsection (c)(2) to accommodate the enactment of general or 
continuing appropriation Acts for fiscal year 2011.

SEC. 403. CONCEPTS AND DEFINITIONS.

    Upon the enactment of any bill or joint resolution providing for a 
change in budgetary concepts or definitions, the chairman of the 
Committee on the Budget may adjust any appropriate levels and 
allocations in this resolution accordingly.

SEC. 404. ADJUSTMENTS OF AGGREGATES AND ALLOCATIONS FOR LEGISLATION.

    (a) Enforcement.--For purposes of enforcing this resolution, the 
revenue levels shall be those set forth in the March 2011 Congressional 
Budget Office baseline. The total amount of adjustments made under 
subsection (b) may not cause revenue levels to be below the levels set 
forth in paragraph (1)(A) of section 101 for fiscal year 2012 and the 
period comprising fiscal years 2012 to 2021.
    (b) Adjustments.--(1) The chairman of the Committee on the Budget 
may adjust the allocations and aggregates of this concurrent resolution 
for--
            (A) the budgetary effects of measures extending the 
        Economic Growth and Tax Relief Reconciliation Act of 2001;
            (B) the budgetary effects of measures extending the Jobs 
        and Growth Tax Relief Reconciliation Act of 2003;
            (C) the budgetary effects of measures that adjust the 
        Alternative Minimum Tax exemption amounts to prevent a larger 
        number of taxpayers as compared with tax year 2008 from being 
        subject to the Alternative Minimum Tax or of allowing the use 
        of nonrefundable personal credits against the Alternative 
        Minimum Tax, or both as applicable;
            (D) the budgetary effects of extending the estate, gift, 
        and generation-skipping transfer tax provisions of title III of 
        the Tax Relief, Unemployment Insurance Reauthorization, and Job 
        Creation Act of 2010;
            (E) the budgetary effects of measures providing a 20 
        percent deduction in income to small businesses;
            (F) the budgetary effects of measures implementing trade 
        agreements;
            (G) the budgetary effects of measures repealing the tax 
        increases set forth in the Patient Protection and Affordable 
        Care Act and the Health Care and Education Affordability 
        Reconciliation Act of 2010;
            (H) the budgetary effects of measures reforming the Patient 
        Protection and Affordable Care Act and the Health Care and 
        Education Affordability Reconciliation Act of 2010; and
            (I) the budgetary effects of measures reforming the tax 
        code and lowering tax rates.
    (2) A measure does not qualify for adjustments under paragraph 
(1)(H) if it--
            (A) increases the deficit over the period of fiscal years 
        2012 through 2021; or
            (B) increases revenues over the period of fiscal years 2012 
        through 2021, other than by--
                    (i) repealing or modifying the individual mandate 
                (codified as section 5000A of the Internal Revenue Code 
                of 1986); or
                    (ii) modifying the subsidies to purchase health 
                insurance (codified as section 36B of the Internal 
                Revenue Code of 1986).
    (c) Other Adjustments.--If a committee other than the Committee on 
Appropriations reports a bill or joint resolution, or an amendment 
thereto or a conference report thereon, providing for a decrease in 
direct spending (budget authority and outlays flowing therefrom) for 
any fiscal year and also provides for an authorization of 
appropriations for the same purpose, upon the enactment of such 
measure, the chairman of the Committee on the Budget may decrease the 
allocation to such committee and increase the allocation of 
discretionary spending (budget authority and outlays flowing therefrom) 
to the Committee on Appropriations for fiscal year 2012 and the 
applicable discretionary spending limits by an amount equal to the new 
budget authority (and the outlays flowing therefrom) provided for in a 
bill or joint resolution making appropriations for the same purpose.

SEC. 405. LIMITATION ON LONG-TERM SPENDING.

    (a) In General.--In the House, it shall not be in order to consider 
a bill or joint resolution reported by a committee (other than the 
Committee on Appropriations), or an amendment thereto or a conference 
report thereon, if the provisions of such measure have the net effect 
of increasing mandatory spending in excess of $5,000,000,000 for any 
period described in subsection (b).
    (b) Time Periods.--(1) The applicable periods for purposes of this 
section are any of the first four consecutive 10-fiscal-year periods 
beginning with the first fiscal year following the last fiscal year for 
which the applicable concurrent resolution on the budget sets forth 
appropriate budgetary levels.
    (2) In this paragraph, the applicable concurrent resolution on the 
budget is the one most recently adopted before the date on which a 
committee first reported the bill or joint resolution described in 
paragraph (1).

SEC. 406. BUDGETARY TREATMENT OF CERTAIN TRANSACTIONS.

    (a) In General.--Notwithstanding section 302(a)(1) of the 
Congressional Budget Act of 1974, section 13301 of the Budget 
Enforcement Act of 1990, and section 4001 of the Omnibus Budget 
Reconciliation Act of 1989, the joint explanatory statement 
accompanying the conference report on any concurrent resolution on the 
budget shall include in its allocation under section 302(a) of the 
Congressional Budget Act of 1974 to the Committee on Appropriations 
amounts for the discretionary administrative expenses of the Social 
Security Administration and the United States Postal Service.
    (b) Special Rule.--For purposes of applying section 302(f) of the 
Congressional Budget Act of 1974, estimates of the level of total new 
budget authority and total outlays provided by a measure shall include 
any off-budget discretionary amounts.
    (c) Adjustments.--The chairman of the Committee on the Budget may 
adjust allocations and aggregates for legislation reported by the 
Committee on Oversight and Government Reform that reforms the Federal 
retirement system, but does not cause a net increase in the deficit for 
fiscal year 2012 and the period comprising fiscal years 2012 to 2021.

SEC. 407. APPLICATION AND EFFECT OF CHANGES IN ALLOCATIONS AND 
              AGGREGATES.

    (a) Application.--Any adjustments of allocations and aggregates 
made pursuant to this resolution shall--
            (1) apply while that measure is under consideration;
            (2) take effect upon the enactment of that measure; and
            (3) be published in the Congressional Record as soon as 
        practicable.
    (b) Effect of Changed Allocations and Aggregates.--Revised 
allocations and aggregates resulting from these adjustments shall be 
considered for the purposes of the Congressional Budget Act of 1974 as 
allocations and aggregates included in this resolution.
    (c) Budget Committee Determinations.--For purposes of this 
resolution, the levels of new budget authority, outlays, direct 
spending, new entitlement authority, revenues, deficits, and surpluses 
for a fiscal year or period of fiscal years shall be determined on the 
basis of estimates made by the Committee on the Budget.
    (d) Exemptions.--Any legislation for which the chairman of the 
Committee on the Budget makes adjustments in the allocations and 
aggregates of this concurrent resolution on the budget and complies 
with the Congressional Budget Act of 1974 shall not be subject to the 
points of order set forth in clause 10 of rule XXI of the Rules of the 
House of Representatives or section 405.

SEC. 408. FAIR VALUE ESTIMATES.

    (a) Request for Supplemental Estimates.--Upon the request of the 
chairman or ranking member of the Committee on the Budget, any estimate 
prepared for a measure under the terms of title V of the Congressional 
Budget Act of 1974, ``credit reform'', as a supplement to such estimate 
of the Congressional Budget Office shall, to the extent practicable, 
also provide an estimate of the current actual or estimated market 
values representing the ``fair value'' of assets and liabilities 
affected by such measure.
    (b) Enforcement.--If the Congressional Budget Office provides an 
estimate pursuant to subsection (a), the chairman of the Committee on 
the Budget may use such estimate to determine compliance with the 
Congressional Budget Act of 1974 and other budgetary enforcement 
controls.

SEC. 409. EXERCISE OF RULEMAKING POWERS.

    (a) In General.--The House adopts the provisions of this title--
            (1) as an exercise of the rulemaking power of the House of 
        Representatives and as such they shall be considered as part of 
        the rules of the House, and these rules shall supersede other 
        rules only to the extent that they are inconsistent with other 
        such rules; and
            (2) with full recognition of the constitutional right of 
        the House of Representatives to change those rules at any time, 
        in the same manner, and to the same extent as in the case of 
        any other rule of the House of Representatives.
    (b) Limitation on Application.--The following provisions of H. Res. 
5 (112th Congress) shall no longer have force or effect:
            (1) Section 3(e) relating to advance appropriations.
            (2) Section 3(f) relating to the treatment of off-budget 
        administrative expenses.
            (3) Section 3(g) relating to a long-term spending point of 
        order.

                            TITLE V--POLICY

SEC. 501. POLICY STATEMENT ON MEDICARE.

    (a) Findings.--The House finds the following:
            (1) More than 46 million Americans depend on Medicare for 
        their health security.
            (2) The Medicare Trustees report has repeatedly recommended 
        that Medicare's long-term financial challenges be addressed 
        soon. Each year without reform, the financial condition of 
        Medicare becomes more precarious and the threat to those in and 
        near retirement becomes more pronounced. According to the 
        Congressional Budget Office--
                    (A) the Hospital Insurance Trust Fund will be 
                exhausted in 2020 and unable to pay scheduled benefits; 
                and
                    (B) Medicare spending is growing faster than the 
                economy. Medicare outlays are currently rising at a 
                rate of 7.2 percent per year, and under CBO's 
                alternative fiscal scenario, mandatory spending on 
                Medicare is projected to reach 7 percent of GDP by 2035 
                and 14 percent of GDP by 2080.
            (3) Failing to address this problem will leave millions of 
        American seniors without adequate health security and younger 
        generations burdened with enormous debt to pay for spending 
        levels that cannot be sustained.
    (b) Policy on Medicare Reform.--It is the policy of this resolution 
to protect those in and near retirement from any disruptions to their 
Medicare benefits and offer future beneficiaries the same health care 
options available to Members of Congress.
    (c) Assumptions.--This resolution assumes reform of the Medicare 
program such that:
            (1) Current Medicare benefits are preserved for those in 
        and near retirement, without changes.
            (2) For future generations, when they reach eligibility, 
        Medicare is reformed to provide a premium support payment and a 
        selection of guaranteed health coverage options from which 
        recipients can choose a plan that best suits their needs.
            (3) Medicare will provide additional assistance for lower-
        income beneficiaries and those with greater health risks.
            (4) Medicare spending is put on a sustainable path and the 
        Medicare program becomes solvent over the long-term.

SEC. 502. POLICY STATEMENT ON SOCIAL SECURITY.

    (a) Findings.--The House finds the following:
            (1) More than 50 million retirees and individuals with a 
        disability depend on Social Security for a key part of their 
        income. Since enactment, Social Security has served as a vital 
        leg on the ``three-legged stool'' of retirement security, which 
        includes employer provided pensions as well as personal 
        savings.
            (2) The Social Security Trustees report has repeatedly 
        recommended that Social Security's long-term financial 
        challenges be addressed soon. Each year without reform, the 
        financial condition of Social Security becomes more precarious 
        and the threat to seniors and those receiving Social Security 
        disability benefits becomes more pronounced:
                    (A) In 2018, the Federal Disability Insurance Trust 
                Fund will be exhausted and will be unable to pay 
                scheduled benefits.
                    (B) In 2037, the combined Federal Old-Age and 
                Survivors Insurance Trust Fund and Federal Disability 
                Insurance Trust Fund will be exhausted, and will be 
                unable to pay scheduled benefits.
                    (C) With the exhaustion of the Trust Funds in 2037, 
                benefits will be cut 22 percent across the board, 
                devastating those currently in or near retirement and 
                those who rely on Social Security the most.
            (3) The current recession has exacerbated the crisis to 
        Social Security. The most recent CBO projections find that 
        Social Security has entered into permanent cash deficits.
            (4) Lower-income Americans rely on Social Security for a 
        larger proportion of their retirement income. Therefore, 
        reforms should take into consideration the need to protect 
        lower-income Americans' retirement security.
            (5) Americans deserve action by their elected officials on 
        Social Security reform. It is critical that the Congress and 
        the administration work together in a bipartisan fashion to 
        address the looming insolvency of Social Security. In this 
        spirit, this resolution creates a bipartisan opportunity to 
        find solutions by requiring policymakers to ensure that Social 
        Security remains a critical part fo the safety net.
    (b) Policy on Social Security.--It is the policy of this resolution 
that Congress should work on a bipartisan basis to make Social Security 
permanently solvent. This resolution assumes reform of a current law 
trigger, such that--
            (1)(A) if in any year the Board of Trustees of the Federal 
        Old-Age and Survivors Insurance Trust Fund and the Federal 
        Disability Insurance Trust Fund in its annual Trustees' Report 
        determines that the 75-year actuarial balance of the Social 
        Security Trust Funds is in deficit, and the annual balance of 
        the Social Security Trust Funds in the 75th year is in deficit, 
        the Board of Trustees should, not later than September 30 of 
        the same calendar year, submit to the President recommendations 
        for statutory reforms necessary to achieve a positive 75-year 
        actuarial balance and a positive annual balance in the 75th 
        year; and
            (B) such recommendations provided to the President should 
        be agreed upon by both Public Trustees of the Board of 
        Trustees;
            (2)(A) not later than December 1 of the same calendar year 
        in which the Board of Trustees submits its recommendations, the 
        President shall promptly submit implementing legislation to 
        both Houses of Congress, including recommendations necessary to 
        achieve a positive 75-year actuarial balance and a positive 
        annual balance in the 75th year; and
            (B) the Majority Leader of the Senate and the Majority 
        Leader of the House should introduce such legislation upon 
        receipt;
            (3) within 60 days of the President submitting legislation, 
        the committees of jurisdiction to which the legislation has 
        been referred should report such legislation, which should be 
        considered by the full House or Senate under expedited 
        procedures; and
            (4) legislation submitted by the President should--
                    (A) protect those in and near retirement;
                    (B) preserve the safety net for those who rely on 
                Social Security, including survivors and those with 
                disabilities;
                    (C) improve fairness for participants; and
                    (D) reduce the burden on, and provide certainty 
                for, future generations.

SEC. 503. POLICY STATEMENT ON BUDGET ENFORCEMENT.

    (a) Findings.--The House finds the following:
            (1) The President's fiscal year 2012 budget requests a $13 
        trillion increase in the debt subject to limit over the period 
        of years covered by the budget.
            (2) Under the President's fiscal year 2012 budget, 
        according to the Congressional Budget Office, debt held by the 
        public will rise to 69 percent of gross domestic product in 
        2011 and will reach 87.4 percent of gross domestic product by 
        2021.
            (3) The Congressional Budget Office, the Federal Reserve, 
        the General Accountability Office, the President's National 
        Commission on Fiscal Responsibility and Reform, and ten former 
        Chairmen of the Council of Economic Advisors all concluded that 
        debt is growing at unsustainable rates and must be brought 
        under control.
            (4) Admiral Mike Mullen, Chairman of the Joint Chiefs of 
        Staff, stated, ``Our national debt is our biggest national 
        security threat.''.
            (5) According to the Congressional Budget Office, if 
        entitlements are not reformed, entitlement spending on Social 
        Security, Medicare, and Medicaid will exceed the historical 
        average of revenue collections as a share of the economy within 
        forty years.
            (6) According to the Congressional Budget Office, under 
        current policies, debt would reach levels that the economy 
        could no longer sustain in 2037 and a fiscal crisis is likely 
        to occur well before that date.
            (7) To avoid a fiscal crisis, Congress must enact 
        legislation that makes structural reforms to entitlement 
        programs.
            (8) Instead of automatic debt increases (the ``Gephardt 
        rule'' was repealed by the House in House Resolution 5) and 
        automatic spending increases, Congress needs to put limits on 
        spending with automatic reductions if spending limits are not 
        met.
            (9) The adoption of a conference report on this concurrent 
        resolution will not cause the automatic passage of an increase 
        in the debt limit by the House of Representatives.
            (10) Changes in debt levels assumed in this resolution are 
        contingent upon its proposed spending reductions being 
        achieved.
            (11) From 1990 to 2002, there were statutory enforceable 
        limits on discretionary spending.
            (12) The budget lacks controls over spending in the short-
        term and the long-term. Greater transparency and controls, 
        particularly for entitlement spending in the long-term, are 
        needed to provide Congress with tools to tackle this growing 
        threat of a fiscal crisis.
    (b) Policy on Debt Controls.--It is the policy of this concurrent 
resolution on the budget that in order to begin to bring debt under 
control the following statutory spending and debt controls are needed:
            (1) Enforceable statutory caps on discretionary spending at 
        levels set forth in this fiscal year 2012 concurrent resolution 
        on the budget for the period of fiscal years 2012 through 2021.
            (2) Any increase in the statutory debt limit be accompanied 
        by the enactment of a budget enforcement mechanism to ensure 
        that if spending reductions are not achieved there would be--
                    (A) an across-the-board reduction in spending at 
                the end of the year;
                    (B) a fast-track process or failsafe mechanism to 
                give Congress the ability to expedite consideration of 
                legislation to reduce spending and avoid the automatic 
                across-the-board spending reductions; and
                    (C) an exemption of Social Security from these 
                enforcement mechanisms, with Social Security solvency 
                ensured as provide in section 502.
            (3) Limits on total spending with long-term structural 
        reforms that--
                    (A) require--
                            (i) the Office of Management and Budget and 
                        the Congressional Budget Office to make long-
                        term budget projections (similar to the 
                        timeframes of projections made by the Social 
                        Security and Medicare trustees);
                            (ii) the inclusion of the estimated long-
                        term fiscal impact of the President's budget in 
                        the President's annual budget submission;
                            (iii) in the Congressional Budget Office's 
                        reestimate of the President's budget, an 
                        estimate of the long-term impact of the 
                        President's budget; and
                            (iv) in Congressional Budget Office 
                        estimates on legislation, an estimate of the 
                        long-term impact of legislation that has a 
                        significant impact on the long-term budget;
                    (B) require enactment of enforceable caps on total 
                spending as a share of gross domestic product as set 
                forth in this resolution;
                    (C) require the review by Congress of Congressional 
                Budget Office projections relative to the statutory 
                caps and enactment of legislation to reduce spending to 
                meet those caps;
                    (D) require enactment of an enforcement mechanism 
                to ensure that if these spending reductions are not 
                achieved, there would be an across-the-board reduction 
                in spending at the end of the year;
                    (E) require enactment of a fast-track process or 
                failsafe mechanism to provide Congress with the ability 
                to expedite consideration of legislation to reduce 
                spending and avoid the automatic across-the-board 
                spending reductions; and
                    (F) exempt Social Security from these enforcement 
                mechanisms, with Social Security solvency ensured as 
                provided in section 501.

                TITLE VI--SENSE OF THE HOUSE PROVISIONS

SEC. 601. SENSE OF THE HOUSE ON A RESPONSIBLE DEFICIT REDUCTION PLAN 
              MUST CONSIDER ALL PROGRAMS, INCLUDING THOSE AT THE 
              PENTAGON AND THE OTHER NATIONAL SECURITY AGENCIES.

    It is the sense of the House that the Nation's debt is an immense 
security threat to our country, just as Admiral Mullen, Chairman of the 
Joint Chiefs of Staff, has stated; the Government Accountability Office 
has recently issued a report documenting billions of dollars of waste 
and duplication at Government agencies, including the Department of 
Defense, and the Department of Defense has never passed a clean audit; 
the bipartisan National Commission on Fiscal Responsibility and Reform 
and the bipartisan Rivlin-Domenici Debt Reduction Task Force were 
correct in concluding that all programs, including national security, 
should be ``on the table'' as part of a deficit reduction plan; and any 
budget plan serious about reducing the deficit must follow this precept 
to consider all programs, including national security programs, the 
largest segment of discretionary spending.

SEC. 602. SENSE OF THE HOUSE REGARDING THE IMPORTANCE OF CHILD SUPPORT 
              ENFORCEMENT.

    It is the sense of the House that--
            (1) additional legislative action is needed to ensure that 
        States have the necessary resources to collect all child 
        support that is owed to families and allow them to pass 100 
        percent of support on to families without financial penalty; 
        and
            (2) when 100 percent of child support payments are passed 
        to the child, rather than administrative expenses, program 
        integrity is improved and child support participation 
        increases.

            Passed the House of Representatives April 15, 2011.

            Attest:

                                                                 Clerk.
112th CONGRESS

  1st Session

                            H. CON. RES. 34

_______________________________________________________________________

                         CONCURRENT RESOLUTION

  Establishing the budget for the United States Government for fiscal 
  year 2012 and setting forth appropriate budgetary levels for fiscal 
                        years 2013 through 2021.