1.This Act may be cited as
the Cut, Cap, and Balance Act of
2011
.
<enum>I</enum><header>Cut</header>
<section id="id865A396663CC47F7875674E75B7A2E1B"><enum>101.</enum><header>Reduction of
2012 spending</header><text display-inline="no-display-inline">Fore purposes of
section 302(a) of the Congressional Budget Act of 1974, the estimated
allocation of the appropriate levels of budget totals for fiscal year 2012 for
the Senate Committee on Appropriations shall be—</text>
<paragraph id="idCC88CEDA3584444A88C66436B64E959A"><enum>(1)</enum><text>$1,137,000,000,000
in total new budget authority; and</text>
</paragraph><paragraph id="idB23B7C79645E4C739152C1705ACFA5BD"><enum>(2)</enum><text>$1,277,000,000,000
in total budget outlays.</text>
</paragraph></section><enum>II</enum><header>Cap</header>
<section id="idF1A67B9C8F8C439FB0A0528F44C9C38D"><enum>201.</enum><header>Sense of
Congress</header><text display-inline="no-display-inline">It is the sense of
Congress that Congress should enact comprehensive tax reform that lowers
marginal rates, broadens the base, and simplifies the tax code to increase
economic growth while generating revenues that are in line with the historical
average of 18% of GDP.</text>
</section><section id="IDe77489c8d8384a25b61282db996e4ad1"><enum>202.</enum><header>Modification
of the Congressional Budget Act</header><text display-inline="no-display-inline">Title III of the Congressional Budget Act of
1974 is amended by inserting at the end the following:</text>
<quoted-block display-inline="no-display-inline" id="id1A66877F9FD74DEB909F8E25102FAD00" style="OLC">
<section id="IDc0201bf632b94c8db12ea00493c45670"><enum>316.</enum><header>Discretionary
spending limits</header>
<subsection id="ID961a4703348e437db8e53e858c92dcf4"><enum>(a)</enum><header>In
general</header><text>It shall not be in order in the House of Representatives
or the Senate to consider any bill, joint resolution, amendment, or conference
report that includes any provision that would cause the discretionary spending
limits as set forth in this section to be exceeded.</text>
</subsection><subsection id="IDd7a31c56c27b41b9903dcb239f68fe81"><enum>(b)</enum><header>Limits</header><text>In
this section, the term <quote>discretionary spending limits</quote> has the
following meaning:</text>
<paragraph id="ID06ff55ee4bcb4592b6b2e31d52ee879c"><enum>(1)</enum><text>For fiscal year
2012—</text>
<subparagraph id="IDfaa5a48f9865409492cc8d2bdf8a6fce"><enum>(A)</enum><text>for the defense
category (budget function 050), $575,790,000,000 in budget authority;
and</text>
</subparagraph><subparagraph id="IDba27307225b14703ae3d32f4cc675064"><enum>(B)</enum><text>for the
non-defense category, $435,000,000,000 in budget authority.</text>
</subparagraph></paragraph><paragraph id="IDec84a1c67e0b42acbdb47fe101902167"><enum>(2)</enum><text>For fiscal year
2013—</text>
<subparagraph id="ID0a36ef982b8e441897cb934533a89083"><enum>(A)</enum><text>for the defense
category (budget function 050), $593,476,000,000 in budget authority;
and</text>
</subparagraph><subparagraph id="IDde01575a74fd4ecb92764df9666bd6e5"><enum>(B)</enum><text>for the
non-defense category, $435,000,000,000 in budget authority.</text>
</subparagraph></paragraph><paragraph id="ID1727f6f10ea041e8a6423ad1937cd3f0"><enum>(3)</enum><text>For fiscal year
2014—</text>
<subparagraph id="ID30f6518a191b4289857b9159b50ec1be"><enum>(A)</enum><text>for the defense
category (budget function 050), $609,549,000,000 in budget authority;
and</text>
</subparagraph><subparagraph id="IDa5c43322b66d414681791065a30d5ab3"><enum>(B)</enum><text>for the
non-defense category, $435,000,000,000 in budget authority.</text>
</subparagraph></paragraph><paragraph id="ID4cecc5678e0b457bbbd260806503da0f"><enum>(4)</enum><text>For fiscal year
2015—</text>
<subparagraph id="IDe1619253286343f898ded04fa7e68529"><enum>(A)</enum><text>for the defense
category (budget function 050), $621,853,000,000 in budget authority;
and</text>
</subparagraph><subparagraph id="IDe2b937a918634e26bbf195074fdd843c"><enum>(B)</enum><text>for the
non-defense category, $435,000,000,000 in budget authority.</text>
</subparagraph></paragraph><paragraph id="IDd51bab7b248c4f30ab369982beea0daf"><enum>(5)</enum><text>For fiscal year
2016—</text>
<subparagraph id="IDd214f4d298404628a554fad8ed9ac824"><enum>(A)</enum><text>for the defense
category (budget function 050), $634,895,000,000 in budget authority;
and</text>
</subparagraph><subparagraph id="IDc97eb2e1b91440fa80b8a0a775988e2a"><enum>(B)</enum><text>for the
non-defense category, $435,000,000,000 in budget authority.</text>
</subparagraph></paragraph><paragraph id="ID4d17639704f24323a4685e22e39f77e4"><enum>(6)</enum><text>For fiscal year
2017—</text>
<subparagraph id="ID9f7372a305b2464dbd5f3e9cb541bc85"><enum>(A)</enum><text>for the defense
category (budget function 050), $646,458,000,000 in budget authority;
and</text>
</subparagraph><subparagraph id="ID098a3725496e43be991097de11ccbb34"><enum>(B)</enum><text>for the
non-defense category, $435,000,000,000 in budget authority.</text>
</subparagraph></paragraph><paragraph id="ID11645db10dd94d15a51fc153ce758274"><enum>(7)</enum><text>For fiscal year
2018—</text>
<subparagraph id="ID1d78479f06a84f77ba7bfdf6a36c855e"><enum>(A)</enum><text>for the defense
category (budget function 050), $658,261,000,000 in budget authority;
and</text>
</subparagraph><subparagraph id="ID62ee18837bdb4093a77ebf9bb3847324"><enum>(B)</enum><text>for the
non-defense category, $435,000,000,000 in budget authority.</text>
</subparagraph></paragraph><paragraph id="ID5576501de2584667990f1533ee2d28d4"><enum>(8)</enum><text>For fiscal year
2019—</text>
<subparagraph id="ID56240bbea3724b10b6e56cf0a0937717"><enum>(A)</enum><text>for the defense
category (budget function 050), $667,000,000,000 in budget authority;
and</text>
</subparagraph><subparagraph id="ID0fc03894c5874b9981df843206aba70b"><enum>(B)</enum><text>for the
non-defense category, $435,000,000,000 in budget authority.</text>
</subparagraph></paragraph><paragraph id="ID7198aaffc55147228af0231f2409cce2"><enum>(9)</enum><text>For fiscal year
2020—</text>
<subparagraph id="IDcf172a4f8b9247f6b5138f0da269aaab"><enum>(A)</enum><text>for the defense
category (budget function 050), $671,000,000,000 in budget authority;
and</text>
</subparagraph><subparagraph id="ID212bf82a73fd4bd4b13060b1e59d7e1d"><enum>(B)</enum><text>for the
non-defense category, $443,500,000,000 in budget authority.</text>
</subparagraph></paragraph><paragraph id="ID57fabbbac6954f95b4d61baa95b793fa"><enum>(10)</enum><text>For fiscal year
2021—</text>
<subparagraph id="ID1a55cf0ab16543fdbf1c00013bcfd07f"><enum>(A)</enum><text>for the defense
category (budget function 050), $695,000,000,000 in budget authority;
and</text>
</subparagraph><subparagraph id="IDb5f45931b2b14c1d92acc3536e9187ae"><enum>(B)</enum><text>for the
non-defense category, $457,700,000,000 in budget authority.</text>
</subparagraph></paragraph></subsection><subsection id="IDef229d0f12234765824607d311ca4533"><enum>(c)</enum><header>Adjustments</header><text>After
the reporting of a bill or joint resolution relating to oversees deployments
described in subsection (d), or the offering of an amendment thereto or the
submission of a conference report thereon—</text>
<paragraph id="IDe9e98b29901b4abe95428d46ba21415c"><enum>(1)</enum><text>the Chairman of
the Senate Committee on the budget may adjust the discretionary spending limits
provided in this section, the budgetary aggregates in the concurrent resolution
on the budget most recently adopted by the Senate and the House of
Representatives, and allocations pursuant to section 302(a) of the
Congressional Budget Act of 1974, by the amount of new budget authority in that
measure for that purpose and the outlays flowing there from; and</text>
</paragraph><paragraph id="IDe23d7df7569b4492a6328f26bb6bb4b5"><enum>(2)</enum><text>following any
adjustment under paragraph (1), the Senate Committee on Appropriations may
report appropriately revised suballocations pursuant to section 302(b) of the
Congressional Budget Act of 1974 to carry out this subsection.</text>
</paragraph></subsection><subsection id="ID16ce65c1636a4ded8e683e32003163ac"><enum>(d)</enum><header>Overseas
deployments</header><text>If a bill or joint resolution is reported making
appropriations for fiscal year 2012, 2013, 2014, 2015, 2016, or 2017 that
provides funding for overseas deployments and activities undertaken as a result
of a declaration of war or Congressional authorization of force, the allowable
adjustments provided for in subsection (c) shall not exceed the
following:</text>
<paragraph id="ID7e93cb30a8084fd7815e044af8585b29"><enum>(1)</enum><text>For fiscal year
2012, $126,500,000,000 in budget authority.</text>
</paragraph><paragraph id="IDbf47475488864e02bb8acc5f1f8305c8"><enum>(2)</enum><text>For fiscal year
2013, $50,000,000,000 in budget authority.</text>
</paragraph><paragraph id="IDf4baee53ceb74293b0d490488bd07d85"><enum>(3)</enum><text>For fiscal year
2014, $50,000,000,000 in budget authority.</text>
</paragraph><paragraph id="IDaa29d0803205446d855511c6424da18d"><enum>(4)</enum><text>For fiscal year
2015, $50,000,000,000 in budget authority.</text>
</paragraph><paragraph id="ID1f5641153b6f428cbba640a903ffe6cd"><enum>(5)</enum><text>For fiscal year
2016, $30,800,000,000 in budget authority.</text>
</paragraph><paragraph id="ID4f5b47a0fffa49a589ff69fa132957af"><enum>(6)</enum><text>For fiscal year
2017, $8,500,000,000 in budget authority.</text>
</paragraph></subsection><subsection id="ID6433dd0c7a904eb184e0fd6336730aa7"><enum>(e)</enum><header>Point of order
in the Senate</header>
<paragraph id="ID7719f0455974482f944cc50c2b44e441"><enum>(1)</enum><header>Waiver</header><text>The
provisions of this section shall be waived or suspended in the Senate
only—</text>
<subparagraph id="IDf76d9870d9a04505b8cae1184311eaf3"><enum>(A)</enum><text>by the
affirmative vote of two-thirds of the Members, duly chosen and sworn; or</text>
</subparagraph><subparagraph id="ID3eef019e17d2403ca7a522e4f21202fe"><enum>(B)</enum><text>in the case of
defense budget authority, if Congress declares war or authorizes the use of
force</text>
</subparagraph></paragraph><paragraph id="ID438cd93d28a94d88a10b7a1932cfb244"><enum>(2)</enum><header>Appeal</header><text>Appeals
in the Senate from decisions of the Chair relating to any provision of this
section shall be limited to one hour, to be equally divided between, and
controlled by, the appellant and the manager of the measure. An affirmative
vote of two-thirds of the Members of the Senate, duly chosen and sworn, shall
be required to sustain an appeal of the ruling of the Chair on a point of order
raised under this section.</text>
</paragraph></subsection></section><section id="ID5f8fcc85658f4779a094eac10808a206"><enum>317.</enum><header>Certain
mandatory spending limits</header>
<subsection id="id672F4EBDEE944F3A8B0B4E8596F49D3C"><enum>(a)</enum><header>In
general</header><text>It shall not be in order in the House of Representatives
or the Senate to consider any bill, joint resolution, amendment, or conference
report that includes any provision that would cause total on-budget mandatory
spending, except as excluded in subsection (b), to exceed the limits specified
in subsection (c).</text>
</subsection><subsection id="ID921a5aec928c42c89505d57d48cb9f54"><enum>(b)</enum><header>Exempt from
specified limits</header><text>The mandatory components of the following
functions are exempt from the limits specified in subsection (c):</text>
<paragraph id="ID91c631040a3f4bf49c7ff2e7d03c403a"><enum>(1)</enum><text>Social Security,
function 650.</text>
</paragraph><paragraph id="IDc1aebbd89c804fbe811e5eddbb118ee9"><enum>(2)</enum><text>Medicare,
function 570.</text>
</paragraph><paragraph id="ID2330884a5e8e4015a2b5e1dc6565599b"><enum>(3)</enum><text>Veterans Benefits
and Services, function 700.</text>
</paragraph><paragraph id="ID762e1136174b4dd981f9a65320ffde3e"><enum>(4)</enum><text>Net Interest,
function 900.</text>
</paragraph></subsection><subsection id="ID35bd761d7cd94c618d4fa06e2d8fc8ee"><enum>(c)</enum><header>Limits on
remaining mandatory spending</header><text>The total combined budget authority
for all mandatory spending not exempted in subsection (b) shall not exceed the
following limits:</text>
<paragraph id="ID88c97043266c48b0a51c52b0f939ee76"><enum>(1)</enum><text>For fiscal year
2012, $701,640,000,000 in budget authority.</text>
</paragraph><paragraph id="IDeb8ddbd7fd814796bea89e469eeceee3"><enum>(2)</enum><text>For fiscal year
2013, $648,701,000,000 in budget authority.</text>
</paragraph><paragraph id="ID6680fa7702cf4efcbbe42becc8351572"><enum>(3)</enum><text>For fiscal year
2014, $580,743,000,000 in budget authority.</text>
</paragraph><paragraph id="ID6590a872954d495fa986083ffcf1f0b1"><enum>(4)</enum><text>For fiscal year
2015, $575,423,000,000 in budget authority.</text>
</paragraph><paragraph id="IDcef87038e8224225a343f037c946c6da"><enum>(5)</enum><text>For fiscal year
2016, $574,072,000,000 in budget authority.</text>
</paragraph><paragraph id="ID229896810c8c4c098a174656177257c9"><enum>(6)</enum><text>For fiscal year
2017, $568,519,000,000 in budget authority.</text>
</paragraph><paragraph id="ID959ae441e63e45bb9b936c54d8947226"><enum>(7)</enum><text>For fiscal year
2018, $558,645,000,000 in budget authority.</text>
</paragraph><paragraph id="IDcc6480516c7b48f7a14d751acb93c3a6"><enum>(8)</enum><text>For fiscal year
2019, $558,869,000,000 in budget authority.</text>
</paragraph><paragraph id="ID6e8f271d73c243c88fb73a5e5048cf8a"><enum>(9)</enum><text>For fiscal year
2020, $566,867,000,000 in budget authority.</text>
</paragraph><paragraph id="ID5b7e42d1724f45ac8b308b0f0c5e8b15"><enum>(10)</enum><text>For fiscal year
2021, $588,162,000,000 in budget authority.</text>
</paragraph></subsection><subsection id="ID25ef7328ee58420ebd6ca55cd7ab6463"><enum>(d)</enum><header>Point of order
in the Senate</header>
<paragraph id="ID0dd0878422ae43c28acfec77f360b898"><enum>(1)</enum><header>Waiver</header><text>The
provisions of this section shall be waived or suspended in the Senate only by
the affirmative vote of two-thirds of the Members, duly chosen and
sworn.</text>
</paragraph><paragraph id="IDc4ec705bbadf46b580fbe68f5d8c5b79"><enum>(2)</enum><header>Appeal</header><text>Appeals
in the Senate from decisions of the Chair relating to any provision of this
section shall be limited to one hour, to be equally divided between, and
controlled by, the appellant and the manager of the measure. An affirmative
vote of two-thirds of the Members of the Senate, duly chosen and sworn, shall
be required to sustain an appeal of the ruling of the Chair on a point of order
raised under this section.</text>
</paragraph></subsection></section><section id="ID7f6d8f44357c443fbb2ecaa2cb7bcf99"><enum>318.</enum><header>Limits for
Social Security</header>
<subsection id="idE48EFF237FD6451BAABA60F64EF20710"><enum>(a)</enum><header>In
general</header><text>It shall not be in order in the House of Representatives
or the Senate to consider any bill, joint resolution, amendment, or conference
report that includes any provision that would cause total mandatory spending
for Social Security (function 650) to exceed the limits specified in subsection
(b).</text>
</subsection><subsection id="ID7949af55d47745d0916efe9582712663"><enum>(b)</enum><header>Limits</header>
<paragraph id="id7D78BB29F81E46DBA3ABE82DE35302CC"><enum>(1)</enum><header>In
general</header><text>For purposes of this section the limits are as
follows:</text>
<subparagraph id="IDf53ff37bb25b416cb29feca752b74668"><enum>(A)</enum><text>For fiscal year
2012, total outlays shall be $760,356,000,000.</text>
</subparagraph><subparagraph id="IDd0e86f59870146d4b375f7730ba79ff3"><enum>(B)</enum><text>For fiscal year
2013, total outlays shall be $798,614,000,000.</text>
</subparagraph><subparagraph id="ID6e7275b52caf4b61bdd1e13ce91da13a"><enum>(C)</enum><text>For fiscal year
2014, total outlays shall be $841,440,000,000.</text>
</subparagraph><subparagraph id="ID228d404eda2b476ab69a249c3ab76820"><enum>(D)</enum><text>For fiscal year
2015, total outlays shall be $887,837,000,000.</text>
</subparagraph><subparagraph id="IDaf5d872a5680476d8b7f996fdacb1e6d"><enum>(E)</enum><text>For fiscal year
2016, total outlays shall be $938,547,000,000.</text>
</subparagraph><subparagraph id="ID3b96129c769d48e296e2ac41fefe2c50"><enum>(F)</enum><text>For fiscal year
2017, total outlays shall be $995,325,000,000.</text>
</subparagraph><subparagraph id="IDc60ddfe2becc4e97aabc40351175551f"><enum>(G)</enum><text>For fiscal year
2018, total outlays shall be $1,057,552,000,000.</text>
</subparagraph><subparagraph id="IDf08ff7d79de24d64a07d6b58ee3ee4b3"><enum>(H)</enum><text>For fiscal year
2019, total outlays shall be $1,123,629,000,000.</text>
</subparagraph><subparagraph id="IDe485ccc3d549488197219706b362d75c"><enum>(I)</enum><text>For fiscal year
2020, total outlays shall be $1,193,747,000,000.</text>
</subparagraph><subparagraph id="IDcce697ca449347f6ba6b738cb2e94f15"><enum>(J)</enum><text>For fiscal year
2021, total outlays shall be $1,265,566,000,000.</text>
</subparagraph></paragraph><paragraph id="IDc01f2dfd50ab4b1aae7fc74c62ba267c"><enum>(2)</enum><header>Exception</header><text>If
the Congressional Budget Office determines that projected outlays are expected
to exceed the limits specified above due to changes in cost-of-living
adjustments contained in present law subsection (c) shall not apply.</text>
</paragraph></subsection><subsection id="IDc51fe34ec14446dcbd77b9c583c13351"><enum>(c)</enum><header>Point of order
in the Senate</header>
<paragraph id="IDe5da68911602426799d8b8c656d7aedc"><enum>(1)</enum><header>Waiver</header><text>The
provisions of this section shall be waived or suspended in the Senate only by
the affirmative vote of two-thirds of the Members, duly chosen and
sworn.</text>
</paragraph><paragraph id="IDa2e697702d464105859a4c9ea5b80685"><enum>(2)</enum><header>Appeal</header><text>Appeals
in the Senate from decisions of the Chair relating to any provision of this
section shall be limited to one hour, to be equally divided between, and
controlled by, the appellant and the manager of the measure. An affirmative
vote of two-thirds of the Members of the Senate, duly chosen and sworn, shall
be required to sustain an appeal of the ruling of the Chair on a point of order
raised under this section.</text>
</paragraph></subsection></section><section id="ID2009dbbe15f84f79b530c2bc90bed7bb"><enum>319.</enum><header>Limits for
Medicare</header>
<subsection id="IDf5135dde376a4f65aee9596037b063ea"><enum>(a)</enum><header>In
general</header><text>It shall not be in order in the House of Representatives
or the Senate to consider any bill, joint resolution, amendment, or conference
report that includes any provision that would cause total mandatory spending
for Medicare (function 570) to exceed the limits specified in subsection
(b).</text>
</subsection><subsection id="ID51a27abd4ffe4def8fea7943270b0591"><enum>(b)</enum><header>Limits</header><text>For
purposes of this section the limits are as follows:</text>
<paragraph id="IDef64dbbcd6da46e5acbccf87a69153fd"><enum>(1)</enum><text>For fiscal year
2012, total outlays, excluding offsetting receipts, shall be
$488,060,000,000.</text>
</paragraph><paragraph id="ID9b6881f6b8cd4728b3311b471fbf4ace"><enum>(2)</enum><text>For fiscal year
2013, total outlays, excluding offsetting receipts, shall be
$530,767,000,000.</text>
</paragraph><paragraph id="IDca763f78224447438cbe47f4fd8a15dc"><enum>(3)</enum><text>For fiscal year
2014, total outlays, excluding offsetting receipts, shall be
$560,744,000,000.</text>
</paragraph><paragraph id="ID8e013fbf6e634cd28de69771117d95cf"><enum>(4)</enum><text>For fiscal year
2015, total outlays, excluding offsetting receipts, shall be
$585,256,000,000.</text>
</paragraph><paragraph id="IDf2e3d92ecd4b478da0d84ddb55d29ae7"><enum>(5)</enum><text>For fiscal year
2016, total outlays, excluding offsetting receipts, shall be
$634,769,000,000.</text>
</paragraph><paragraph id="ID24d77ff944d5416986a9c0449fa60872"><enum>(6)</enum><text>For fiscal year
2017, total outlays, excluding offsetting receipts, shall be
$657,799,000,000.</text>
</paragraph><paragraph id="ID13bd1e28dce34ef9886be85e61115cd8"><enum>(7)</enum><text>For fiscal year
2018, total outlays, excluding offsetting receipts, shall be
$682,951,000,000.</text>
</paragraph><paragraph id="IDf9d2858d20274104a8af4f7a4de464b9"><enum>(8)</enum><text>For fiscal year
2019, total outlays, excluding offsetting receipts, shall be
$745,186,000,000.</text>
</paragraph><paragraph id="ID1e9c5b7e2a65465cba5dbc53da3be4a1"><enum>(9)</enum><text>For fiscal year
2020, total outlays, excluding offsetting receipts, shall be
$800,853,000,000.</text>
</paragraph><paragraph id="IDe62358308c33477d8b5c03c10228f375"><enum>(10)</enum><text>For fiscal year
2021, total outlays, excluding offsetting receipts, shall be
$858,830,000,000.</text>
</paragraph></subsection><subsection id="IDd3dade10dec24b9aa214e76326a53843"><enum>(c)</enum><header>Point of order
in the Senate</header>
<paragraph id="ID42e49d15f3214b76a94aa3a05b1c4119"><enum>(1)</enum><header>Waiver</header><text>The
provisions of this section shall be waived or suspended in the Senate only by
the affirmative vote of two-thirds of the Members, duly chosen and
sworn.</text>
</paragraph><paragraph id="IDb13dc2a77b73408d9e4011b1c659bbc7"><enum>(2)</enum><header>Appeal</header><text>Appeals
in the Senate from decisions of the Chair relating to any provision of this
section shall be limited to one hour, to be equally divided between, and
controlled by, the appellant and the manager of the measure. An affirmative
vote of two-thirds of the Members of the Senate, duly chosen and sworn, shall
be required to sustain an appeal of the ruling of the Chair on a point of order
raised under this section.</text>
</paragraph></subsection></section><section id="ID4cfc71da20844c1688b966b0b8795349"><enum>320.</enum><header>Limits for
mandatory function 700 spending</header>
<subsection id="idD9202BFFE8DC47B7926A02B4652C006D"><enum>(a)</enum><header>In
general</header><text>It shall not be in order in the House of Representatives
or the Senate to consider any bill, joint resolution, amendment, or conference
report that includes any provision that would cause total mandatory spending
for Veterans Benefits and Services (function 700) to exceed the limits
specified in subsection (b).</text>
</subsection><subsection id="ID2aa7fa6b5ee34c26b8afe2fa7e41b8e0"><enum>(b)</enum><header>Limits</header><text>For
purposes of this section the limits are as follows:</text>
<paragraph id="IDa5e58675f9c64cfd9891bd94371c561a"><enum>(1)</enum><text>For fiscal year
2012, total outlays shall not exceed $69,400,000,000.</text>
</paragraph><paragraph id="IDc8b7c3f4febf4af5a41414305a3949db"><enum>(2)</enum><text>For fiscal year
2013, total outlays shall not exceed $69,400,000,000.</text>
</paragraph><paragraph id="IDb61c321d86224889a50ebfee68f87c3f"><enum>(3)</enum><text>For fiscal year
2014, total outlays shall not exceed $71,350,000,000.</text>
</paragraph><paragraph id="IDd86b2fb1f9e3429082a0fd267aee8b5d"><enum>(4)</enum><text>For fiscal year
2015, total outlays shall not exceed $73,300,000,000.</text>
</paragraph><paragraph id="ID7db8c18bbe254933a10ee8e3bc05adf7"><enum>(5)</enum><text>For fiscal year
2016, total outlays shall not exceed $80,500,000,000.</text>
</paragraph><paragraph id="ID22129fa0ed9842458511725e2e41bacb"><enum>(6)</enum><text>For fiscal year
2017, total outlays shall not exceed $77,310,000,000.</text>
</paragraph><paragraph id="IDcd2d5194987042b19fc7feb3c93ec760"><enum>(7)</enum><text>For fiscal year
2018, total outlays shall not exceed $74,250,000,000.</text>
</paragraph><paragraph id="ID07463b2ed014463585d34e20b9c34885"><enum>(8)</enum><text>For fiscal year
2019, total outlays shall not exceed $81,600,000,000.</text>
</paragraph><paragraph id="IDf8d9a0ced3d64059a1aecacf64a68336"><enum>(9)</enum><text>For fiscal year
2020, total outlays shall not exceed $83,830,000,000.</text>
</paragraph><paragraph id="ID522b218fe28b4a79802f653d09fcd86f"><enum>(10)</enum><text>For fiscal year
2021, total outlays shall not exceed $86,100,000,000.</text>
</paragraph></subsection><subsection id="IDe17c92b0615b4be683d7b524d32716d8"><enum>(c)</enum><header>Point of order
in the Senate</header>
<paragraph id="ID52b31a9c34e64387a38121641d1c1751"><enum>(1)</enum><header>Waiver</header><text>The
provisions of this section shall be waived or suspended in the Senate only by
the affirmative vote of two-thirds of the Members, duly chosen and
sworn.</text>
</paragraph><paragraph id="ID2e6066d403f143aabf09404ac420eb15"><enum>(2)</enum><header>Appeal</header><text>Appeals
in the Senate from decisions of the Chair relating to any provision of this
section shall be limited to one hour, to be equally divided between, and
controlled by, the appellant and the manager of the measure. An affirmative
vote of two-thirds of the Members of the Senate, duly chosen and sworn, shall
be required to sustain an appeal of the ruling of the Chair on a point of order
raised under this
section.</text>
</paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</section><section id="ID0b730f7b0e0b4cb58806d69c9a29914c"><enum>203.</enum><header>Statutory
enforcement of spending caps through sequestration</header><text display-inline="no-display-inline">The
Balanced Budget and Emergency Deficit Control Act of 1985 is amended by
inserting after section 253 the following:</text>
<quoted-block display-inline="no-display-inline" id="id9CA4E63479DC4AA48486F0C0ACE6F591" style="OLC">
<section id="id03B5FF8ECBC2492485751FA668701FEB"><enum>253A.</enum><header>Enforcement
of discretionary and mandatory caps</header>
<subsection id="ID9e9faa569db246909e8e24f495e981cd"><enum>(a)</enum><header> Annual report
and Sequestration Order</header>
<paragraph id="ID533b36d023084c7d8775e80a277d3240"><enum>(1)</enum><header>Report</header><text>Not
later than 30 calendar days following the start of each fiscal year, the Office
of Management and Budget shall make publicly available and cause to be printed
in the Federal Register an annual report containing expected budget authority
and outlays for the categories and limits established in sections 316 through
320 of the Congressional Budget Act of 1974. The limits established in such
sections shall be enforced without regard to the waiver of such limits by
either House.</text>
</paragraph><paragraph id="ID03fdff6ec0d445e5ba2ba6a0eed31043"><enum>(2)</enum><header>Order</header><text>If
the annual report issued by OMB, as required by paragraph (1), shows any
category exceeding specified spending caps, OMB shall prepare and the President
shall issue and include in that report a sequestration order that, upon
issuance, shall reduce budgetary resources by an amount sufficient to bring
spending in line with that category’s statutory cap.</text>
</paragraph><paragraph id="IDf311f84ba4ce4f97b162dc4df06b6cce"><enum>(3)</enum><header>Effective
date</header><text>The sequestration order shall take effect no later than 60
days after completion by the OMB.</text>
</paragraph></subsection><subsection id="ID1178f4cfd476447495afeeb9f4bf8928"><enum>(b)</enum><header>Calculating a
sequestration</header>
<paragraph id="IDa0bc5b87e27f46c39e728f9a18876b9b"><enum>(1)</enum><header>In
general</header><text>OMB shall calculate the uniform percentage each program
within a category that has exceeded its spending cap shall be reduced to bring
that category’s budget authority and/or outlays in line with the limits
referred to in subsection (a)(1).</text>
</paragraph><paragraph id="idDD6EE7C441BF474C87FFA57276EEF29B"><enum>(2)</enum><header>Implementation</header><text>The
sequesters shall be implemented as follows:</text>
<subparagraph id="id3D46D657768C4255AB13EFADAC443C2C"><enum>(A)</enum><text>For the
discretionary limits in section 316 of the Congressional Budget Act of 1974,
pursuant to the section 251 with each category sequestered separately.</text>
</subparagraph><subparagraph id="id85B91DC2700C4090943E9496F8ABBE89"><enum>(B)</enum><text>For the mandatory
limits in section 317 of the Congressional Budget Act of 1974, pursuant to the
Statutory Pay-As-You-Go Act of 2010, except that section 7 of such Act shall
not apply.</text>
</subparagraph><subparagraph id="id9384FB3180F84A2AA270672B5A8E9050"><enum>(C)</enum><text>For the Social
Security limits in section 318 of the Congressional Budget Act of 1974, the
Social Security Administration shall modify the program so that all benefits
and administrative expenses are reduced in a uniform fashion by a percentage
sufficient to allow the program to operate under its cap.</text>
</subparagraph><subparagraph id="id7E27522E059249DC8E22EAB6C6937C45"><enum>(D)</enum><text>For the Medicare
limit in section 319 of the Congressional Budget Act of 1974, the Centers for
Medicare & Medicaid Services (CMS) shall modify the program so that all
outlays are reduced by a uniform percentage sufficient to bring the program
under its cap.</text>
</subparagraph><subparagraph id="id88ED1E2DB9F94550825F748B765805F2"><enum>(E)</enum><text>For the Veterans
Benefits and Services limit in section 320 of the Congressional Budget Act of
1974, the Secretary of Defense and the Secretary of Veterans Affairs shall
modify the program so that the program operates under its spending cap.</text>
</subparagraph></paragraph></subsection><subsection id="IDf2bbce8629534d1ebe983ead0592c3ad"><enum>(c)</enum><header>Modification of
presidential order</header>
<paragraph id="ID339113d2de39492c89c404d2fee55c1a"><enum>(1)</enum><header>In
general</header><text>At any time after the Director of OMB issues a
sequestration report, Congress may override the order through the passage of a
law that either waves or supersedes the spending limitations for that category
of federal spending for that fiscal year.</text>
</paragraph><paragraph id="ID53e62980f894458692c2834655bde524"><enum>(2)</enum><header>Senate</header><text>In
the Senate, any motion to move to consideration of a bill to waive, modify, or
in any way alter a sequestration order shall be subject to a point of order
that can only be waived through an affirmative vote of two-thirds of the
Members, duly chosen and sworn. This point of order shall not apply to defense
spending while the nation is engaged in a conflict which has been justified
through a declaration of war or a Congressional authorization of
force.</text>
</paragraph></subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</section><enum>III</enum><header>Balance</header>
<section id="id283402AD50474A44AB3E6AED9E08580F"><enum>301.</enum><header>Requirement
that BBA be submitted to States</header>
<subsection id="idF261D037E41E419587996E4536232463"><enum>(a)</enum><header>In
general</header><text>The Secretary of the Treasury shall not exercise the
additional borrowing authority under subsection (b) of section 3101 of title
31, United States Code until the date that the Archivist of the United States
transmits to the States S.J. Res. 10 as introduced on March 31, 2011, a
balanced budget amendment to the Constitution, or a similar amendment provided
it requires that total outlays not exceed total receipts, that contains a
spending limitation as a percentage of GDP, and requires that tax increases be
approved by a super-majority vote in both houses of Congress, for their
ratification.</text>
</subsection><subsection id="id46954E15110D4E84862C64D72BA1D709"><enum>(b)</enum><header>Amendment to
title 31</header><text>Effective on the date that the Archivist of the United
States transmits to the States S.J. Res. 10, a balanced budget amendment to the
Constitution, or a similar amendment provided it requires that total outlays
not exceed total receipts, that contains a spending limitation as a percentage
of GDP, and requires that tax increases be approved by a super-majority vote in
both houses of Congress, for their ratification, subsection (b) of section 3101
of title 31, United States Code, is amended by striking the dollar limitation
contained in such subsection and inserting $16,700,000,000,000.</text>
</subsection></section>
July 11, 2011
Read the second time and placed on the
calendar