[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 2765 Reported in Senate (RS)]

<DOC>





                                                       Calendar No. 306
116th CONGRESS
  1st Session
                                S. 2765

    To improve Federal fiscal controls and the congressional budget 
                                process.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            October 31, 2019

  Mr. Enzi (for himself, Mr. Whitehouse, Mr. Grassley, Mr. Kaine, Mr. 
 Crapo, Mr. King, Mr. Graham, Mr. Coons, Mr. Barrasso, Mr. Blunt, Mr. 
 Johnson, Mr. Perdue, Mr. Kennedy, Mr. Cramer, Mr. Braun, Mr. Scott of 
  Florida, Mr. Warner, and Mr. Cornyn) introduced the following bill; 
    which was read twice and referred to the Committee on the Budget

                           November 13, 2019

                Reported by Mr. Enzi, with an amendment
 [Strike out all after the enacting clause and insert the part printed 
                               in italic]

_______________________________________________________________________

                                 A BILL


 
    To improve Federal fiscal controls and the congressional budget 
                                process.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

<DELETED>SECTION 1. SHORT TITLE.</DELETED>

<DELETED>    This Act may be cited as the ``Bipartisan Congressional 
Budget Reform Act''.</DELETED>

<DELETED>SEC. 2. TABLE OF CONTENTS.</DELETED>

<DELETED>    The table of contents for this Act is as 
follows:</DELETED>

<DELETED>Sec. 1. Short title.
<DELETED>Sec. 2. Table of contents.
           <DELETED>TITLE I--BUDGET TIMELINE AND INFORMATION

<DELETED>Sec. 101. Revision of timetable.
<DELETED>Sec. 102. Budget submissions by the President.
<DELETED>Sec. 103. Baseline construction.
<DELETED>Sec. 104. Report on debt to GDP targets.
 <DELETED>TITLE II--BIENNIAL BUDGETING, CONTENTS OF BUDGET RESOLUTION, 
                         AND BIPARTISAN BUDGETS

<DELETED>Sec. 201. Biennial budgeting generally.
<DELETED>Sec. 202. Contents of concurrent resolution on the budget.
<DELETED>Sec. 203. Additional matters relating to concurrent 
                            resolution.
<DELETED>Sec. 204. Committee allocations.
<DELETED>Sec. 205. Section 303 point of order.
<DELETED>Sec. 206. Permissible revisions of concurrent resolutions on 
                            the budget.
<DELETED>Sec. 207. Procedures for consideration of budget resolutions.
<DELETED>Sec. 208. Completion of House action on appropriation bills.
<DELETED>Sec. 209. Reconciliation process.
<DELETED>Sec. 210. Section 311 point of order.
<DELETED>Sec. 211. Maximum deficit amount point of order.
     <DELETED>TITLE III--COMMITTEE ON FISCAL CONTROL AND THE BUDGET

<DELETED>Sec. 301. Committee on Fiscal Control and the Budget of the 
                            Senate.
<DELETED>Sec. 302. Technical and conforming amendments.
<DELETED>Sec. 303. References.
         <DELETED>TITLE IV--SPECIAL RECONCILIATION INSTRUCTIONS

<DELETED>Sec. 401. Special reconciliation instructions.
 <DELETED>TITLE V--CONGRESSIONAL BUDGET ENFORCEMENT AND ACCOUNTABILITY

<DELETED>Sec. 501. Up-to-date tabulations of congressional budget 
                            action.
<DELETED>Sec. 502. Surgical strike point of order relating to 
                            legislation dealing with the congressional 
                            budget.
<DELETED>Sec. 503. Global waiver for general budget points of order.
<DELETED>Sec. 504. Effective date.
                       <DELETED>TITLE VI--REPORTS

<DELETED>Sec. 601. Reports to the Committee on Fiscal Control and the 
                            Budget of the Senate and the Committee on 
                            the Budget of the House of Representatives.
<DELETED>Sec. 602. Reporting on interest effects and budgetary effects.
<DELETED>Sec. 603. Portfolio budgeting.
<DELETED>Sec. 604. Budget contents and submission to Congress.
 <DELETED>TITLE VII--MODIFICATION OF CONSIDERATION OF BUDGET RESOLUTION

<DELETED>Sec. 701. Modification of consideration of budget resolution.
                  <DELETED>TITLE VIII--EFFECTIVE DATE

<DELETED>Sec. 801. Effective date; applicability.

      <DELETED>TITLE I--BUDGET TIMELINE AND INFORMATION</DELETED>

<DELETED>SEC. 101. REVISION OF TIMETABLE.</DELETED>

<DELETED>    Section 300 of the Congressional Budget Act of 1974 (2 
U.S.C. 631) is amended to read as follows:</DELETED>

<DELETED>``SEC. 300. TIMETABLE.</DELETED>

<DELETED>    ``(a) In General.--Except as provided in subsection (b), 
the timetable with respect to the congressional budget process for any 
Congress is as follows:</DELETED>


                                                 ``First Session
On or before:                             Action to be completed:
First Monday in February................  President submits budget recommendations.
February 15.............................  Congressional Budget Office submits report to the Committee on the
                                           Budget of the House of Representatives and the Committee on Fiscal
                                           Control and the Budget of the Senate.
March 1.................................  Committees submit views and estimates to the Committee on the Budget
                                           of the House of Representatives and the Committee on Fiscal Control
                                           and the Budget of the Senate.
April 1.................................  Committee on Fiscal Control and the Budget of the Senate reports
                                           concurrent resolution on the biennial budget.
May 15..................................  Congress completes action on concurrent resolution on the biennial
                                           budget.
May 15..................................  Appropriation bills may be considered in the House of Representatives.
June 10.................................  Committee on Appropriations of the House of Representatives reports
                                           last appropriation bill.
June 30.................................  House of Representatives completes action on appropriation bills.
October 1...............................  First fiscal year of biennium begins.
December 1..............................  President submits an administrative budget.
 



                                                ``Second Session
On or before:                             Action to be completed:
February 15.............................  Congressional Budget Office submits report to the Committee on the
                                           Budget of the House of Representatives and the Committee on Fiscal
                                           Control and the Budget of the Senate.
February 15.............................  Congressional Budget Office releases report on achieving debt to GDP
                                           ratio.
March 15................................  President submits budget update for the second fiscal year of the
                                           biennium.
April 15................................  Committee on Fiscal Control and the Budget of the Senate reports a
                                           special reconciliation resolution.
May 15..................................  Committees submit recommendations for special reconciliation bill.
May 15..................................  Appropriation bills may be considered in the House of Representatives.
June 10.................................  Committee on Appropriations of the House of Representatives reports
                                           last appropriation bill.
June 30.................................  House of Representatives completes action on appropriation bills.
July 30.................................  Congress completes action on special reconciliation bill.
October 1...............................  Second fiscal year of biennium begins
December 1..............................  President submits an administrative budget.
 

<DELETED>    ``(b) Special Rule for Certain First Sessions.--In the 
case of any first session of Congress that begins in any year 
immediately following a leap year and during which the term of a 
President (except a President who succeeds himself or herself) begins, 
the following dates shall supersede those set forth in subsection 
(a):</DELETED>


                                                 ``First Session
On or before:                             Action to be completed:
First Monday in April...................  President submits budget recommendations.
April 15................................  Congressional Budget Office submits report to the Committee on the
                                           Budget of the House of Representatives and the Committee on Fiscal
                                           Control and the Budget of the Senate.
May 1...................................  Committees submit views and estimates to the Committee on the Budget
                                           of the House of Representatives and the Committee on Fiscal Control
                                           and the Budget of the Senate.
June 1..................................  Committee on Fiscal Control and the Budget of the Senate reports
                                           concurrent resolution on the biennial budget.
June 15.................................  Congress completes action on concurrent resolution on the biennial
                                           budget.
June 15.................................  Appropriation bills may be considered in the House of Representatives.
June 30.................................  Committee on Appropriations of the House of Representatives reports
                                           last appropriation bill.
July 15.................................  House of Representatives completes action on appropriation bills.
October 1...............................  First fiscal year of biennium begins.
December 1..............................  President submits an administrative budget.''.
 

<DELETED>SEC. 102. BUDGET SUBMISSIONS BY THE PRESIDENT.</DELETED>

<DELETED>    (a) Definition.--Section 1101 of title 31, United States 
Code, is amended by adding at the end the following:</DELETED>
        <DELETED>    ``(3) `biennium' has the meaning given that term 
        in paragraph (12) of section 3 of the Congressional Budget and 
        Impoundment Control Act of 1974 (2 U.S.C. 622).''.</DELETED>
<DELETED>    (b) Budget Contents and Submission to the Congress.--
</DELETED>
        <DELETED>    (1) Schedule.--The matter preceding paragraph (1) 
        in section 1105(a) of title 31, United States Code, is amended 
        to read as follows:</DELETED>
<DELETED>    ``(a) On or before the first Monday in February of each 
odd-numbered year (or, if applicable under section 300(b) of the 
Congressional Budget Act of 1974 (2 U.S.C. 631(b)), the first Monday in 
April of an odd-numbered year), the President shall transmit to the 
Congress, the budget for the biennium beginning on October 1 of such 
calendar year. The budget of the United States Government transmitted 
under this subsection shall include a budget message and summary and 
supporting information. The President shall include in each budget the 
following:''.</DELETED>
        <DELETED>    (2) Expenditures.--Section 1105(a)(5) of title 31, 
        United States Code, is amended by striking ``the fiscal year 
        for which the budget is submitted and the 4 fiscal years after 
        that year'' and inserting ``each fiscal year in the biennium 
        for which the budget is submitted and in the succeeding 4 
        fiscal years''.</DELETED>
        <DELETED>    (3) Receipts.--Section 1105(a)(6) of title 31, 
        United States Code, is amended by striking ``the fiscal year 
        for which the budget is submitted and the 4 fiscal years after 
        that year'' and inserting ``each fiscal year in the biennium 
        for which the budget is submitted and in the succeeding 4 
        years''.</DELETED>
        <DELETED>    (4) Balance statements.--Section 1105(a)(9)(C) of 
        title 31, United States Code, is amended by striking ``the 
        fiscal year'' and inserting ``each fiscal year in the 
        biennium''.</DELETED>
        <DELETED>    (5) Functions and activities.--Section 1105(a)(12) 
        of title 31, United States Code, is amended--</DELETED>
                <DELETED>    (A) in subparagraph (A), by striking ``the 
                fiscal year'' and inserting ``each fiscal year in the 
                biennium''; and</DELETED>
                <DELETED>    (B) in subparagraph (B), by striking 
                ``that year'' and inserting ``that 
                biennium''.</DELETED>
        <DELETED>    (6) Allowances.--Section 1105(a)(13) of title 31, 
        United States Code, is amended by striking ``the fiscal year'' 
        and inserting ``each fiscal year in the biennium''.</DELETED>
        <DELETED>    (7) Allowances for uncontrolled expenditures.--
        Section 1105(a)(14) of title 31, United States Code, is amended 
        by striking ``that year'' and inserting ``each fiscal year in 
        the biennium for which the budget is submitted''.</DELETED>
        <DELETED>    (8) Tax expenditures.--Section 1105(a)(16) of 
        title 31, United States Code, is amended by striking ``the 
        fiscal year'' and inserting ``each fiscal year in the 
        biennium''.</DELETED>
        <DELETED>    (9) Future years.--Section 1105(a)(17) of title 
        31, United States Code, is amended--</DELETED>
                <DELETED>    (A) by striking ``the fiscal year 
                following the fiscal year'' and inserting ``each fiscal 
                year in the biennium following the 
                biennium'';</DELETED>
                <DELETED>    (B) by striking ``that following fiscal 
                year'' and inserting ``each such fiscal year''; 
                and</DELETED>
                <DELETED>    (C) by striking ``fiscal year before the 
                fiscal year'' and inserting ``biennium before the 
                biennium''.</DELETED>
        <DELETED>    (10) Prior year outlays.--Section 1105(a)(18) of 
        title 31, United States Code, is amended--</DELETED>
                <DELETED>    (A) by striking ``the prior fiscal year'' 
                and inserting ``each of the 2 most recently completed 
                fiscal years'';</DELETED>
                <DELETED>    (B) by striking ``for that year'' and 
                inserting ``with respect to those fiscal years''; 
                and</DELETED>
                <DELETED>    (C) by striking ``in that year'' and 
                inserting ``in those fiscal years''.</DELETED>
        <DELETED>    (11) Prior year receipts.--Section 1105(a)(19) of 
        title 31, United States Code, is amended--</DELETED>
                <DELETED>    (A) by striking ``the prior fiscal year'' 
                and inserting ``each of the 2 most recently completed 
                fiscal years'';</DELETED>
                <DELETED>    (B) by striking ``for that year'' and 
                inserting ``with respect to those fiscal years''; 
                and</DELETED>
                <DELETED>    (C) by striking ``in that year'' each 
                place it appears and inserting ``in those fiscal 
                years''.</DELETED>
        <DELETED>    (12) Homeland security.--Section 1105(a)(35)(A)(i) 
        of title 31, United States Code, is amended, in the matter 
        preceding subclause (I), by striking ``the fiscal years for 
        which the budget is submitted'' and inserting ``each fiscal 
        year in the biennium for which the budget is 
        submitted''.</DELETED>
        <DELETED>    (13) EESA.--Section 1105(a)(36) of title 31, 
        United States Code, is amended, in the matter preceding 
        subparagraph (A), by striking ``the fiscal year for which the 
        budget is submitted'' and inserting ``each fiscal year in the 
        biennium for which the budget is submitted''.</DELETED>
        <DELETED>    (14) Veterans health.--Section 1105(a)(37) of 
        title 31, United States Code, is amended, in the matter 
        preceding subparagraph (A), by striking ``the fiscal year for 
        which the budget is submitted'' and inserting ``each fiscal 
        year in the biennium for which the budget is 
        submitted''.</DELETED>
<DELETED>    (c) Recommendations To Meet Estimated Deficiencies.--
Section 1105(c) of title 31, United States Code, is amended--</DELETED>
        <DELETED>    (1) by striking ``the fiscal year for'' the first 
        place it appears and inserting ``each fiscal year in the 
        biennium for'';</DELETED>
        <DELETED>    (2) by striking ``the fiscal year for'' the second 
        place it appears and inserting ``each fiscal year of the 
        biennium, as the case may be, for''; and</DELETED>
        <DELETED>    (3) by striking ``for that year'' and inserting 
        ``for each fiscal year of the biennium''.</DELETED>
<DELETED>    (d) Capital Investment Analysis.--Section 1105(e)(1) of 
title 31, United States Code, is amended, in the matter preceding 
subparagraph (A), by striking ``ensuing fiscal year'' and inserting 
``biennium to which such budget relates''.</DELETED>
<DELETED>    (e) Supplemental Budget Estimates and Changes.--</DELETED>
        <DELETED>    (1) In general.--Section 1106(a) of title 31, 
        United States Code, is amended--</DELETED>
                <DELETED>    (A) in the matter preceding paragraph (1), 
                by striking ``fiscal year'' and inserting 
                ``biennium'';</DELETED>
                <DELETED>    (B) in paragraph (1), in the matter 
                preceding subparagraph (A), by striking ``that fiscal 
                year'' and inserting ``each fiscal year in such 
                biennium'';</DELETED>
                <DELETED>    (C) in paragraph (2), by striking ``fiscal 
                year'' and inserting ``biennium''; and</DELETED>
                <DELETED>    (D) in paragraph (3), by striking ``fiscal 
                year'' and inserting ``biennium''.</DELETED>
        <DELETED>    (2) Changes.--Section 1106(b) of title 31, United 
        States Code, is amended by striking ``the fiscal year'' and 
        inserting ``each fiscal year in the biennium''.</DELETED>
<DELETED>    (f) Administrative Budget.--Section 1106 of title 31, 
United States Code, is amended by adding at the end the 
following:</DELETED>
<DELETED>    ``(d)(1) On or before December 1 of each calendar year, 
the President shall submit to Congress an administrative budget for the 
fiscal year beginning in the ensuing calendar year, which shall 
include--</DELETED>
        <DELETED>    ``(A) up-to-date estimates for current year and 
        prior year data; and</DELETED>
        <DELETED>    ``(B) credit reestimates for the current year (as 
        included in the Federal credit supplement of such 
        budget).</DELETED>
<DELETED>    ``(2) Upon request of the Director of the Congressional 
Budget Office, agencies and other entities included within the budget 
shall immediately provide to the Congressional Budget Office all 
related backup tables and other supporting information, including 
underlying data, assumptions, and related information used in 
connection with creating the budget and estimates.''.</DELETED>
<DELETED>    (g) Current Programs and Activities Estimates.--Section 
1109(a) of title 31, United States Code, is amended--</DELETED>
        <DELETED>    (1) by striking ``On or before the first Monday 
        after January 3 of each year (on or before February 5 in 
        1986)'' and inserting ``At the same time as the budget required 
        by section 1105 is submitted for a biennium''; and</DELETED>
        <DELETED>    (2) by striking ``the following fiscal year'' and 
        inserting ``each fiscal year of such period''.</DELETED>
<DELETED>    (h) Year-Ahead Requests for Authorizing Legislation.--
Section 1110 of title 31, United States Code, is amended by--</DELETED>
        <DELETED>    (1) striking ``May 16'' and inserting ``March 
        31''; and</DELETED>
        <DELETED>    (2) striking ``year before the year in which the 
        fiscal year begins'' and inserting ``calendar year preceding 
        the calendar year in which the biennium begins''.</DELETED>

<DELETED>SEC. 103. BASELINE CONSTRUCTION.</DELETED>

<DELETED>    Section 257(c) of the Balanced Budget and Emergency 
Deficit Control Act of 1985 (2 U.S.C. 907(c)) is amended to read as 
follows:</DELETED>
<DELETED>    ``(c) Exclusion of Exempted Spending.--For the budget year 
and each outyear, the baseline shall be calculated by assuming that 
appropriations receiving designations under section 251(b)(2)(A) or 
designations created through a concurrent resolution on the budget that 
exempts designated spending from enforcement under section 302 or 
section 311 of the Congressional Budget Act (2 U.S.C. 633, 642) shall 
not continue.''.</DELETED>

<DELETED>SEC. 104. REPORT ON DEBT TO GDP TARGETS.</DELETED>

<DELETED>    Section 202 of the Congressional Budget Act of 1974 (2 
U.S.C. 602) is amended by adding at the end the following:</DELETED>
<DELETED>    ``(h) Report on Debt to GDP Target.--</DELETED>
        <DELETED>    ``(1) In general.--Not later than February 15 of 
        each even-numbered year, the Director shall make publicly 
        available a report estimating whether the target for the ratio 
        of the debt held by the public to the gross domestic product of 
        the United States by the end of the last fiscal year covered by 
        the most recently agreed to concurrent resolution on the budget 
        will be achieved.</DELETED>
        <DELETED>    ``(2) Discretionary appropriations.--In producing 
        each estimate described in paragraph (1), the Director shall 
        assume discretionary appropriations are made available in the 
        amounts specified under the most recently agreed to concurrent 
        resolution on the budget.</DELETED>
        <DELETED>    ``(3) Deficit reduction.--For each report made 
        available under paragraph (1), the Director--</DELETED>
                <DELETED>    ``(A) shall include an estimate of the 
                level of deficit reduction required to achieve the 
                target for the ratio of the debt held by the public to 
                the gross domestic product of the United States by the 
                end of the last fiscal year covered by the most 
                recently agreed to concurrent resolution on the budget; 
                and</DELETED>
                <DELETED>    ``(B) in estimating the level of deficit 
                reduction required, shall account for interest effects 
                by reducing the target by the percentage equal to 
                percent of deficit reduction stemming from interest 
                changes assumed in the most recently agreed to 
                concurrent resolution on the budget.''.</DELETED>

 <DELETED>TITLE II--BIENNIAL BUDGETING, CONTENTS OF BUDGET RESOLUTION, 
                    AND BIPARTISAN BUDGETS</DELETED>

<DELETED>SEC. 201. BIENNIAL BUDGETING GENERALLY.</DELETED>

<DELETED>    (a) Declaration of Purpose.--Section 2(2) of the 
Congressional Budget and Impoundment Control Act of 1974 (2 U.S.C. 
621(2)) is amended by striking ``each year'' and inserting 
``biennially''.</DELETED>
<DELETED>    (b) Definitions.--</DELETED>
        <DELETED>    (1) Budget resolution.--Section 3(4) of the 
        Congressional Budget and Impoundment Control Act of 1974 (2 
        U.S.C. 622(4)) is amended by striking ``fiscal year'' each 
        place it appears and inserting ``biennium''.</DELETED>
        <DELETED>    (2) Biennium.--Section 3 of the Congressional 
        Budget and Impoundment Control Act of 1974 (2 U.S.C. 622) is 
        amended by adding at the end the following:</DELETED>
        <DELETED>    ``(12) The term `biennium' means the period of 2 
        consecutive fiscal years beginning on October 1 of any odd-
        numbered year.''.</DELETED>

<DELETED>SEC. 202. CONTENTS OF CONCURRENT RESOLUTION ON THE 
              BUDGET.</DELETED>

<DELETED>    (a) Section Heading.--The section heading of section 301 
of the Congressional Budget Act of 1974 (2 U.S.C. 632) is amended by 
striking ``annual'' and inserting ``biennial''.</DELETED>
<DELETED>    (b) Contents of Resolution Generally.--Section 301(a) of 
the Congressional Budget Act of 1974 (2 U.S.C. 632(a)) is amended--
</DELETED>
        <DELETED>    (1) by striking the matter preceding paragraph (1) 
        and inserting the following:</DELETED>
<DELETED>    ``(a) Content of Concurrent Resolution on the Budget.--On 
or before May 15 of each odd-numbered year (or, if applicable under 
section 300(b), June 15 of an odd-numbered year), Congress shall 
complete action on a concurrent resolution on the budget for the 
biennium beginning on October 1 of such year. The concurrent resolution 
shall--'';</DELETED>
        <DELETED>    (2) by redesignating paragraphs (1) through (7) as 
        subparagraphs (A) through (G), respectively, and adjusting the 
        margin accordingly;</DELETED>
        <DELETED>    (3) by inserting before subparagraph (A), as so 
        redesignated, the following:</DELETED>
        <DELETED>    ``(1) for any concurrent resolution on the budget, 
        set forth appropriate levels for each fiscal year in such 
        biennium and for at least each fiscal year of each of the 
        ensuing 2 bienniums for the following--'';</DELETED>
        <DELETED>    (4) in paragraph (1)(D), as so redesignated, by 
        striking ``paragraph (1)'' and inserting ``subparagraph 
        (A)'';</DELETED>
        <DELETED>    (5) in paragraph (1)(F), as so redesignated, by 
        striking ``for the fiscal year'' and inserting ``for each 
        fiscal year in the biennium'';</DELETED>
        <DELETED>    (6) in paragraph (1)(G), as so redesignated--
        </DELETED>
                <DELETED>    (A) by striking ``for the fiscal year'' 
                and inserting ``for each fiscal year in the biennium''; 
                and</DELETED>
                <DELETED>    (B) by striking the period at the end and 
                inserting a semicolon; and</DELETED>
        <DELETED>    (7) by inserting before the matter following 
        paragraph (1)(G), as so redesignated, the following:</DELETED>
        <DELETED>    ``(2) for any concurrent resolution on the budget, 
        include, in accordance with section 316, a clear statement of 
        the appropriate level for the debt subject to limit under 
        section 3101 of title 31, United States Code, as of the end of 
        the second fiscal year of the biennium of the concurrent 
        resolution on the budget;''.</DELETED>
<DELETED>    (c) Bipartisan Budget Resolution.--</DELETED>
        <DELETED>    (1) Definition.--Section 3 of the Congressional 
        Budget and Impoundment Control Act of 1974 (2 U.S.C. 622), as 
        amended by section 201, is further amended by adding at the end 
        the following:</DELETED>
        <DELETED>    ``(13) The term `bipartisan budget resolution' 
        means a concurrent resolution on the budget for a biennium 
        that--</DELETED>
                <DELETED>    ``(A) meets the requirements under section 
                301; and</DELETED>
                <DELETED>    ``(B) is ordered reported to the Senate by 
                the Committee on Fiscal Control and the Budget of the 
                Senate by an affirmative vote of not less than half of 
                the Senators that are members of the majority party in 
                the Senate and not less than half of the Senators that 
                are members of the minority party in the 
                Senate.''.</DELETED>
        <DELETED>    (2) Contents.--Section 301(a) of the Congressional 
        Budget Act of 1974 (2 U.S.C. 632(a)) is amended by inserting 
        after paragraph (2), as added by subsection (b) of this 
        section, the following:</DELETED>
        <DELETED>    ``(3) for a bipartisan budget resolution, 
        include--</DELETED>
                <DELETED>    ``(A) in accordance with section 316, a 
                clear statement of the appropriate level for the 
                discretionary spending limit for each fiscal year of 
                the biennium of the concurrent resolution on the 
                budget;</DELETED>
                <DELETED>    ``(B) the amount of health care spending 
                by the Government;</DELETED>
                <DELETED>    ``(C) the amount of tax 
                expenditures;</DELETED>
                <DELETED>    ``(D) the amount of discretionary 
                appropriations (as defined in section 250 of the 
                Balanced Budget and Emergency Deficit Control Act of 
                1985 (2 U.S.C. 900)); and</DELETED>
                <DELETED>    ``(E) the amount of revenues;''.</DELETED>
        <DELETED>    (3) Consideration of bipartisan budget 
        resolutions.--Section 305 of the Congressional Budget Act of 
        1974 (2 U.S.C. 636) is amended by adding at the end the 
        following:</DELETED>
<DELETED>    ``(e) Procedures in the Senate for Bipartisan Budget 
Resolutions.--</DELETED>
        <DELETED>    ``(1) Other expedited process.--</DELETED>
                <DELETED>    ``(A) In general.--Subject to subparagraph 
                (B), in the Senate, upon the agreement of the majority 
                leader and the minority leader, additional procedures 
                to expedite consideration of a bipartisan budget 
                resolution shall apply to consideration of the 
                bipartisan budget resolution. The majority leader shall 
                submit a written statement for the Congressional Record 
                reflecting any agreement described in this 
                paragraph.</DELETED>
                <DELETED>    ``(B) Inclusion and exclusion.--An 
                agreement described in this paragraph--</DELETED>
                        <DELETED>    ``(i) may include limiting the 
                        number of amendments upon which the Senate 
                        shall vote; and</DELETED>
                        <DELETED>    ``(ii) may not include the waiver 
                        of any points of order.</DELETED>
        <DELETED>    ``(2) Adoption.--</DELETED>
                <DELETED>    ``(A) In general.--In the Senate, a 
                bipartisan budget resolution shall only be agreed to--
                </DELETED>
                        <DELETED>    ``(i) if it complies with section 
                        3(13)(A); and</DELETED>
                        <DELETED>    ``(ii) upon the affirmative vote 
                        of not less than--</DELETED>
                                <DELETED>    ``(I) three-fifths of the 
                                Members, duly chosen and sworn; 
                                and</DELETED>
                                <DELETED>    ``(II) 15 Members that are 
                                members of the minority party in the 
                                Senate.</DELETED>
                <DELETED>    ``(B) Not agreed to.--If a bipartisan 
                budget resolution is not agreed to in accordance with 
                subparagraph (A), the Senate shall be deemed to have 
                agreed to a motion to recommit the bipartisan budget 
                resolution to the Committee on Fiscal Control and the 
                Budget.</DELETED>
        <DELETED>    ``(3) Conference reports and amendments between 
        the houses.--</DELETED>
                <DELETED>    ``(A) In general.--In the Senate, a 
                conference report or an amendment between the Houses on 
                a bipartisan budget resolution shall only be agreed 
                to--</DELETED>
                        <DELETED>    ``(i) if it complies with section 
                        3(13)(A); and</DELETED>
                        <DELETED>    ``(ii) upon the affirmative vote 
                        of not less than--</DELETED>
                                <DELETED>    ``(I) three-fifths of the 
                                Members, duly chosen and sworn; 
                                and</DELETED>
                                <DELETED>    ``(II) 15 Members that are 
                                members of the minority party in the 
                                Senate.</DELETED>
                <DELETED>    ``(B) Not agreed to.--If a conference 
                report or an amendment between the Houses on a 
                bipartisan budget resolution is not agreed to in 
                accordance with subparagraph (A), a motion to 
                reconsider the conference report or amendment between 
                the Houses is in order in accordance with rule XIII of 
                the Standing Rules of the Senate.''.</DELETED>
        <DELETED>    (4) Reconciliation under bipartisan budget 
        resolutions.--Section 310(e)(2) of the Congressional Budget Act 
        of 1974 (2 U.S.C. 641(e)(2)) is amended--</DELETED>
                <DELETED>    (A) by inserting ``(A)'' before 
                ``Debate''; and</DELETED>
                <DELETED>    (B) by adding at the end the 
                following:</DELETED>
        <DELETED>    ``(B) In the Senate, a reconciliation bill 
        reported under subsection (b) pursuant to reconciliation 
        instructions in a bipartisan budget resolution, a House 
        amendment thereto, and a conference report thereon shall be 
        agreed to only upon the affirmative vote of not less than--
        </DELETED>
                <DELETED>    ``(i) a majority of the Members voting, a 
                quorum being present; and</DELETED>
                <DELETED>    ``(ii) 15 Members that are members of the 
                minority party in the Senate.''.</DELETED>
        <DELETED>    (5) Automatic adjustment of debt limit and 
        statutory caps.--Title III of the Congressional Budget Act of 
        1974 (2 U.S.C. 631 et seq.) is amended by adding at the end the 
        following:</DELETED>

<DELETED>``SEC. 316. AUTOMATIC ADJUSTMENT OF DEBT LIMIT AND STATUTORY 
              CAPS.</DELETED>

<DELETED>    ``(a) Definition.--In this section, the term `covered 
concurrent resolution on the budget'--</DELETED>
        <DELETED>    ``(1) means a concurrent resolution on the budget 
        for a biennium adopted under section 301 that contains text in 
        the form specified under subsection (b) of this section 
        applicable to the type of concurrent resolution on the budget; 
        and</DELETED>
        <DELETED>    ``(2) does not include a concurrent resolution on 
        the budget described in section 304.</DELETED>
<DELETED>    ``(b) Form.--</DELETED>
        <DELETED>    ``(1) In general.--For a concurrent resolution on 
        the budget that is not a bipartisan budget resolution, the form 
        specified in this subsection is that, other than any short 
        title, the first section of the concurrent resolution on the 
        budget shall consist of only the following: `For purposes of 
        section 316(c) of the Congressional Budget Act of 1974, 
        Congress specifies that section 3101(b) of title 31, United 
        States Code, shall be amended by striking the dollar amount and 
        inserting ``$______''.', the blank space being filled in with 
        the appropriate level for the debt subject to limit under 
        section 3101 of title 31, United States Code.</DELETED>
        <DELETED>    ``(2) Bipartisan budget resolution.--</DELETED>
                <DELETED>    ``(A) In general.--For a concurrent 
                resolution on the budget that is a bipartisan budget 
                resolution, the form specified in this subsection is 
                that, other than any short title, the first section of 
                the concurrent resolution on the budget shall consist 
                of only the following: `For purposes of section 316(c) 
                of the Congressional Budget Act of 1974, Congress 
                specifies the following:</DELETED>
        <DELETED>    ```(1) Section 3101(b) of title 31, United States 
        Code, shall be amended by striking the dollar amount and 
        inserting ``$_______''.</DELETED>
        <DELETED>    ```(2) Section 251(c) of the Balanced Budget and 
        Emergency Deficit Control Act of 1985 (2 U.S.C. 901(c)) shall 
        be amended by inserting after paragraph (_) the 
        following:</DELETED>
        <DELETED>    ```(__) for fiscal year ___, for the discretionary 
        category, $________ in new budget authority; and</DELETED>
        <DELETED>    ```(__) for fiscal year ___, for the discretionary 
        category, $________ in new budget authority;'.</DELETED>
                <DELETED>    ``(B) Blank spaces.--The blank spaces in 
                paragraphs (1) and (2) of such section, as described in 
                subparagraph (A) of this paragraph, shall be filled in 
                as follows:</DELETED>
                        <DELETED>    ``(i) The first blank being filled 
                        in with the appropriate level for the debt 
                        subject to limit under section 3101 of title 
                        31, United States Code.</DELETED>
                        <DELETED>    ``(ii) The second blank being 
                        filled in with the number of the paragraph 
                        establishing the discretionary spending limit 
                        for the last fiscal year for which the 
                        discretionary spending limits are in effect 
                        under section 251(c) of the Balanced Budget and 
                        Emergency Deficit Control Act of 1985 (2 U.S.C. 
                        901(c)).</DELETED>
                        <DELETED>    ``(iii) The third and sixth blanks 
                        being filled in with the paragraph numbers 
                        following the paragraph number specified in the 
                        second blank.</DELETED>
                        <DELETED>    ``(iv) The fourth and seventh 
                        blanks being filled in with the fiscal years 
                        for which the level of the discretionary 
                        spending limits are being specified under the 
                        concurrent resolution on the budget.</DELETED>
                        <DELETED>    ``(v) The fifth and eighth blanks 
                        being filled in with the amount of the 
                        discretionary spending limit for the 
                        discretionary category for the fiscal years 
                        described in the fourth and seventh blanks, 
                        respectively, being specified under the 
                        concurrent resolution on the budget.</DELETED>
<DELETED>    ``(c) Automatic Enrollment of Joint Resolution.--
</DELETED>
        <DELETED>    ``(1) In general.--Upon adoption by Congress of a 
        covered concurrent resolution on the budget, the Secretary of 
        the Senate shall prepare an engrossment of a joint resolution 
        consistent with the text included in the covered concurrent 
        resolution on the budget in the form specified under subsection 
        (b).</DELETED>
        <DELETED>    ``(2) Senate.--Upon engrossment of a joint 
        resolution under paragraph (1), the vote by which the covered 
        concurrent resolution on the budget was finally agreed to in 
        the Senate shall also be considered as a vote on passage of the 
        joint resolution in the Senate, and the joint resolution shall 
        be considered as passed by the Senate and duly certified and 
        examined. The engrossed copy shall be signed by the Secretary 
        of the Senate and transmitted to the House of 
        Representatives.</DELETED>
        <DELETED>    ``(3) House of representatives.--Upon receipt of 
        the engrossed copy of a joint resolution under paragraph (2), 
        the vote by which the covered concurrent resolution on the 
        budget was finally agreed to in the House of Representatives 
        shall also be considered as a vote on passage of the joint 
        resolution in the House of Representatives, and the joint 
        resolution shall be considered as passed by the House of 
        Representatives and duly certified and examined. The Clerk of 
        the House of Representatives shall transmit the joint 
        resolution to be enrolled.</DELETED>
        <DELETED>    ``(4) Enrolling.--Upon receipt of a joint 
        resolution under paragraph (3), the Enrolling Clerk of the 
        Senate shall enroll the joint resolution.</DELETED>
        <DELETED>    ``(5) Vetoes.--If the President vetoes a joint 
        resolution enrolled under paragraph (4), in the Senate there 
        shall be not more than 1 hour of debate on the veto message, 
        equally divided between the majority and minority leaders or 
        their designees.''.</DELETED>
        <DELETED>    (6) Bipartisan budget agreed to.--</DELETED>
                <DELETED>    (A) Definition.--In this paragraph, the 
                term ``bipartisan budget resolution'' has the meaning 
                given that term in paragraph (13) of section 3 of the 
                Congressional Budget and Impoundment Control Act of 
                1974 (2 U.S.C. 622), as added by this Act.</DELETED>
                <DELETED>    (B) Effect on motion to proceed to 
                appropriation bills.--If a bipartisan budget resolution 
                is adopted by the Senate and House of Representatives, 
                a motion to proceed to the consideration of an 
                appropriation Act referred to in section 105 of title 
                1, United States Code, making appropriations for either 
                fiscal year of the biennium of the bipartisan budget 
                resolution (which shall not include a bill or joint 
                resolution making supplemental appropriations for such 
                a fiscal year) or a bill or joint resolution making 
                continuing appropriations for such a fiscal year shall 
                not be debatable.</DELETED>
                <DELETED>    (C) Minor violations.--If a bipartisan 
                budget resolution is adopted by the Senate and House of 
                Representatives, with respect to any fiscal year 
                covered by the bipartisan budget resolution, the 
                Chairman of the Committee on Fiscal Control and the 
                Budget may determine that a point of order does not lie 
                under the Congressional Budget and Impoundment Control 
                Act of 1974 (2 U.S.C. 621 et seq.) for a violation for 
                which the absolute value of the violation is less than 
                $500,000.</DELETED>
<DELETED>    (d) Other Changes to Content.--Section 301(a) of the 
Congressional Budget Act of 1974 (2 U.S.C. 632(a)), is amended--
</DELETED>
        <DELETED>    (1) in paragraph (1), as so designated by 
        subsection (b) of this section--</DELETED>
                <DELETED>    (A) in subparagraph (D), by inserting 
                ``for direct spending (as defined in section 250 of the 
                Balanced Budget and Emergency Deficit Control Act of 
                1985 (2 U.S.C. 900)),'' before ``new budget 
                authority'';</DELETED>
                <DELETED>    (B) in subparagraph (E), by striking ``the 
                public debt'' and inserting ``the debt held by the 
                public and debt subject to limit under section 3101 of 
                title 31, United States Code'';</DELETED>
                <DELETED>    (C) in subparagraph (F), by striking 
                ``and'' at the end; and</DELETED>
                <DELETED>    (D) by inserting after subparagraph (G) 
                the following:</DELETED>
                <DELETED>    ``(H) the allocated amount of 
                discretionary appropriations; and</DELETED>
                <DELETED>    ``(I) the unallocated amount of 
                discretionary appropriations;''; and</DELETED>
        <DELETED>    (2) by inserting after paragraph (3), as added by 
        subsection (c) of this section, the following:</DELETED>
        <DELETED>    ``(4) for any concurrent resolution on the budget, 
        specify the amount of the gross domestic product of the United 
        States assumed for purposes of each fiscal year covered by the 
        concurrent resolution; and</DELETED>
        <DELETED>    ``(5) for any concurrent resolution on the budget, 
        specify a target for the ratio of the debt held by the public 
        to the gross domestic product of the United States (rounded to 
        the nearest one-tenth of 1 percent) for each fiscal year 
        covered by the concurrent resolution.''.</DELETED>
<DELETED>    (e) Technical and Conforming Amendment.--The table of 
contents in section 1(b) of the Congressional Budget and Impoundment 
Control Act of 1974 is amended--</DELETED>
        <DELETED>    (1) by striking the item relating to section 301 
        and inserting the following:</DELETED>

<DELETED>``Sec. 301. Biennial adoption of concurrent resolution on the 
                            budget.''; and
        <DELETED>    (2) by inserting after the item relating to 
        section 315 the following:</DELETED>

<DELETED>``Sec. 316. Automatic adjustment of debt limit and statutory 
                            caps.''.

<DELETED>SEC. 203. ADDITIONAL MATTERS RELATING TO CONCURRENT 
              RESOLUTION.</DELETED>

<DELETED>    (a) Additional Matters.--Section 301(b)(3) of the 
Congressional Budget Act of 1974 (2 U.S.C. 632(b)(3)) is amended by 
striking ``for such fiscal year'' and inserting ``for either fiscal 
year in such biennium''.</DELETED>
<DELETED>    (b) Views and Estimates.--Section 301(d) of the 
Congressional Budget Act of 1974 (2 U.S.C. 632(d)) is amended--
</DELETED>
        <DELETED>    (1) by striking ``Within 6 weeks after the 
        President submits a budget under section 1105(a) of title 31, 
        United States Code,'' and inserting the following:</DELETED>
        <DELETED>    ``(1) In general.--Not later than March 1 of each 
        odd-numbered year (or, if applicable under section 300(b), May 
        1 of an odd-numbered year),''; and</DELETED>
        <DELETED>    (2) by adding at the end the following:</DELETED>
        <DELETED>    ``(2) Review of unauthorized appropriations.--Each 
        Committee of the House of Representatives and the Senate shall 
        include the views and estimates of the committee required under 
        paragraph (1) a description of the plans of the committee to 
        consider legislation relating to programs within the 
        jurisdiction of the committee that appeared in the most recent 
        report of the Congressional Budget Office on unauthorized 
        appropriations submitted to Congress under section 
        202(e)(3).</DELETED>
        <DELETED>    ``(3) Oversight of government performance.--
        </DELETED>
                <DELETED>    ``(A) Review.--Each committee of the House 
                of Representatives and the Senate shall--</DELETED>
                        <DELETED>    ``(i) review programs and tax 
                        expenditures of which the committee has 
                        jurisdiction to identify waste, fraud, abuse, 
                        or duplication, and increase the use of 
                        performance data to inform committee work; 
                        and</DELETED>
                        <DELETED>    ``(ii) review the matters for 
                        congressional consideration identified in--
                        </DELETED>
                                <DELETED>    ``(I) the applicable 
                                semiannual reports of the Inspectors 
                                General for which the committee has 
                                jurisdiction;</DELETED>
                                <DELETED>    ``(II) the list of 
                                unimplemented recommendations compiled 
                                by the Inspectors General for which the 
                                committee has jurisdiction;</DELETED>
                                <DELETED>    ``(III) the High Risk list 
                                published by the Government 
                                Accountability Office; and</DELETED>
                                <DELETED>    ``(IV) the annual report 
                                to reduce program duplication published 
                                by the Government Accountability Office 
                                as required under section 21 of the 
                                Joint Resolution entitled `Joint 
                                Resolution increasing the statutory 
                                limit on the public debt', approved 
                                February 12, 2010 (31 U.S.C. 712 
                                note).</DELETED>
                <DELETED>    ``(B) Inclusion in views and estimates.--
                Based on the oversight efforts and performance reviews 
                of programs under subparagraph (A), each committee of 
                the House of Representatives and the Senate shall 
                include plans for improved governmental performance in 
                the views and estimates of the committee required under 
                paragraph (1) to the Committee on the Budget of the 
                House of Representatives or the Committee on Fiscal 
                Control and the Budget of the Senate, 
                respectively.</DELETED>
        <DELETED>    ``(4) Revenue projection.--The Committee on 
        Finance of the Senate and the Committee on Ways and Means of 
        the House of Representatives shall each include in the views 
        and estimates of the committee required under paragraph (1)--
        </DELETED>
                <DELETED>    ``(A) a report providing revenue 
                projections for each fiscal year in the next biennium 
                and the 4 ensuing bienniums, which shall include a 
                description of how such revenue projections would be 
                impacted by any extension of an expiring or terminating 
                tax provision anticipated by the committee or other 
                policy initiatives of the committee;</DELETED>
                <DELETED>    ``(B) a list of--</DELETED>
                        <DELETED>    ``(i) any tax provisions that are 
                        scheduled to expire or terminate during the 
                        period described in subparagraph (A); 
                        and</DELETED>
                        <DELETED>    ``(ii) any provisions described in 
                        clause (i) that the committee anticipates will 
                        be extended--</DELETED>
                                <DELETED>    ``(I) to apply with 
                                respect to the next biennium; 
                                or</DELETED>
                                <DELETED>    ``(II) to apply with 
                                respect to the period described in 
                                subparagraph (A); and</DELETED>
                <DELETED>    ``(C) an estimate of--</DELETED>
                        <DELETED>    ``(i) the cost to extend the tax 
                        provisions listed in subparagraph (B)(i); 
                        and</DELETED>
                        <DELETED>    ``(ii) the cost to extend the tax 
                        provisions the committee anticipates will be 
                        extended, as listed under subparagraph 
                        (B)(ii).''.</DELETED>
<DELETED>    (c) Hearings.--Section 301(e) of the Congressional Budget 
Act of 1974 (2 U.S.C. 632(e)) is amended--</DELETED>
        <DELETED>    (1) in paragraph (1)--</DELETED>
                <DELETED>    (A) by striking ``fiscal year'' and 
                inserting ``biennium''; and</DELETED>
                <DELETED>    (B) by inserting after the second sentence 
                the following: ``On or before April 1 of each odd-
                numbered year (or, if applicable under section 300(b), 
                June 1 of an odd numbered year), the Committee on the 
                Budget of the House of Representatives and the 
                Committee on Fiscal Control and the Budget of the 
                Senate shall report to its House the concurrent 
                resolution on the budget referred to in subsection (a) 
                for the biennium beginning on October 1 of that 
                year.''; and</DELETED>
        <DELETED>    (2) in paragraph (2)--</DELETED>
                <DELETED>    (A) by striking subparagraphs (A) and 
                (B);</DELETED>
                <DELETED>    (B) by redesignating subparagraphs (C) 
                through (F) as subparagraphs (A) through (D), 
                respectively; and</DELETED>
                <DELETED>    (C) in subparagraph (C), as so 
                redesignated, by striking ``for the President's budget 
                and''.</DELETED>
<DELETED>    (d) Goals for Reducing Unemployment.--Section 301(f) of 
the Congressional Budget Act of 1974 (2 U.S.C. 632(f)) is amended by 
striking ``fiscal year'' each place it appears and inserting 
``biennium''.</DELETED>
<DELETED>    (e) Economic Assumptions.--Section 301(g)(1) of the 
Congressional Budget Act of 1974 (2 U.S.C. 632(g)(1)) is amended by 
striking ``for a fiscal year'' and inserting ``for a 
biennium''.</DELETED>

<DELETED>SEC. 204. COMMITTEE ALLOCATIONS.</DELETED>

<DELETED>    Section 302 of the Congressional Budget Act of 1974 (2 
U.S.C. 633) is amended--</DELETED>
        <DELETED>    (1) in subsection (a)--</DELETED>
                <DELETED>    (A) in paragraph (1), in the matter 
                preceding subparagraph (A), by striking ``of the levels 
                for the first fiscal year'' and all that follows 
                through ``of--'' and inserting ``of the levels for each 
                fiscal year in the next biennium, for the period of the 
                next biennium and the ensuing 2 bienniums, and for the 
                period covered by the resolution (except that in the 
                case of the Committee on Appropriations only for each 
                fiscal year in the biennium) of--''; and</DELETED>
                <DELETED>    (B) in paragraph (5)(A), by striking 
                ``April 15'' and inserting ``May 15 of an odd-numbered 
                year (or, if applicable under section 300(b), June 15 
                of an odd-numbered year)'';</DELETED>
        <DELETED>    (2) in subsection (b), by striking ``budget year'' 
        and inserting ``biennium'';</DELETED>
        <DELETED>    (3) in subsection (c)--</DELETED>
                <DELETED>    (A) by striking ``for a fiscal year'' and 
                inserting ``for each fiscal year in the biennium''; 
                and</DELETED>
                <DELETED>    (B) by striking ``for that fiscal year'' 
                and inserting ``for a fiscal year during that 
                biennium'';</DELETED>
        <DELETED>    (4) in subsection (f)--</DELETED>
                <DELETED>    (A) in paragraph (1)--</DELETED>
                        <DELETED>    (i) in the matter preceding 
                        subparagraph (A), by striking ``for a fiscal 
                        year'' and inserting ``for a biennium''; 
                        and</DELETED>
                        <DELETED>    (ii) in the matter following 
                        subparagraph (C), by striking ``the first 
                        fiscal year'' and inserting ``each fiscal year 
                        of the biennium''; and</DELETED>
                <DELETED>    (B) in paragraph (2)(A)--</DELETED>
                        <DELETED>    (i) by striking ``the first fiscal 
                        year'' and inserting ``each fiscal year of the 
                        biennium''; and</DELETED>
                        <DELETED>    (ii) by striking ``the total of 
                        fiscal years'' and inserting ``the total of all 
                        fiscal years covered by the resolution''; 
                        and</DELETED>
        <DELETED>    (5) in subsection (g)(1)(A), by striking ``April 
        15'' and inserting ``May 15 of an odd-numbered year (or, if 
        applicable under section 300(b), June 15 of an odd-numbered 
        year)''.</DELETED>

SEC. 205. SECTION 303 POINT OF ORDER.

<DELETED>    (a) In General.--Section 303(a) of the Congressional 
Budget Act of 1974 (2 U.S.C. 634(a)) is amended--</DELETED>
        <DELETED>    (1) by striking ``for a fiscal year'' and 
        inserting ``for a biennium''; and</DELETED>
        <DELETED>    (2) by striking ``the first fiscal year'' and 
        inserting ``each fiscal year of the biennium''.</DELETED>
<DELETED>    (b) Exceptions in the House.--Section 303(b) of the 
Congressional Budget Act of 1974 (2 U.S.C. 634(b)) is amended--
</DELETED>
        <DELETED>    (1) in paragraph (1)(A), by striking ``the budget 
        year'' and inserting ``the biennium''; and</DELETED>
        <DELETED>    (2) in paragraph (2), by inserting ``(or, if 
        applicable under section 300(b), June 15)'' after ``May 
        15''.</DELETED>
<DELETED>    (c) Application to the Senate.--Section 303(c)(1) of the 
Congressional Budget Act of 1974 (2 U.S.C. 634(c)(1)) is amended by 
striking ``fiscal year'' and inserting ``biennium''.</DELETED>

<DELETED>SEC. 206. PERMISSIBLE REVISIONS OF CONCURRENT RESOLUTIONS ON 
              THE BUDGET.</DELETED>

<DELETED>    Section 304 of the Congressional Budget Act of 1974 (2 
U.S.C. 635) is amended--</DELETED>
        <DELETED>    (1) by striking ``fiscal year'' the first two 
        places it appears and inserting ``biennium''; and</DELETED>
        <DELETED>    (2) by striking ``for such fiscal year'' and 
        inserting ``for such biennium''.</DELETED>

<DELETED>SEC. 207. PROCEDURES FOR CONSIDERATION OF BUDGET 
              RESOLUTIONS.</DELETED>

<DELETED>    Section 305 of the Congressional Budget Act of 1974 (2 
U.S.C. 636) is amended--</DELETED>
        <DELETED>    (1) in subsection (a)(3), by striking ``fiscal 
        year'' and inserting ``biennium''; and</DELETED>
        <DELETED>    (2) in subsection (b)(3), by striking ``fiscal 
        year'' and inserting ``biennium''.</DELETED>

<DELETED>SEC. 208. COMPLETION OF HOUSE ACTION ON APPROPRIATION 
              BILLS.</DELETED>

<DELETED>    (a) In General.--Section 307 of the Congressional Budget 
Act of 1974 (2 U.S.C. 638) is amended--</DELETED>
        <DELETED>    (1) in the section heading, by striking ``house 
        committee action on all appropriation bills to be completed by 
        june 10'' and inserting ``deadline for house committee action 
        on all appropriation bills''; and</DELETED>
        <DELETED>    (2) by inserting ``(or, if applicable under 
        section 300(b), June 30 of a year)'' after ``June 10 of each 
        year''.</DELETED>
<DELETED>    (b) Technical and Conforming Amendment.--The table of 
contents in section 1(b) of the Congressional Budget and Impoundment 
Control Act of 1974 is amended by striking the item relating to section 
307 and inserting the following:</DELETED>

<DELETED>``Sec. 307. Deadline for House committee action on all 
                            appropriation bills.''.

<DELETED>SEC. 209. RECONCILIATION PROCESS.</DELETED>

<DELETED>    Section 310 of the Congressional Budget Act of 1974 (2 
U.S.C. 641) is amended--</DELETED>
        <DELETED>    (1) in subsection (a)--</DELETED>
                <DELETED>    (A) in the matter preceding paragraph (1), 
                by striking ``any fiscal year'' and inserting ``any 
                biennium''; and</DELETED>
                <DELETED>    (B) in paragraph (1) by striking ``such 
                fiscal year'' each place it appears and inserting ``any 
                fiscal year covered by such resolution''; and</DELETED>
        <DELETED>    (2) in subsection (f)--</DELETED>
                <DELETED>    (A) by inserting ``of an odd-numbered 
                year'' after ``July''; and</DELETED>
                <DELETED>    (B) by striking ``for such fiscal year'' 
                and inserting ``for the biennium that begins with such 
                fiscal year''.</DELETED>

SEC. 210. SECTION 311 POINT OF ORDER.

<DELETED>    (a) In the House.--Section 311(a)(1) of the Congressional 
Budget Act of 1974 (2 U.S.C. 642(a)(1)) is amended--</DELETED>
        <DELETED>    (1) by striking ``for a fiscal year'' and 
        inserting ``for a biennium'';</DELETED>
        <DELETED>    (2) by striking ``the first fiscal year'' each 
        place it appears and inserting ``either fiscal year of the 
        biennium''; and</DELETED>
        <DELETED>    (3) by striking ``that first fiscal year'' and 
        inserting ``each fiscal year in the biennium''.</DELETED>
<DELETED>    (b) In the Senate.--Section 311(a)(2) of the Congressional 
Budget Act of 1974 (2 U.S.C. 642(a)(2)) is amended--</DELETED>
        <DELETED>    (1) in subparagraph (A), by striking ``for the 
        first fiscal year'' and inserting ``for either fiscal year of 
        the biennium''; and</DELETED>
        <DELETED>    (2) in subparagraph (B)--</DELETED>
                <DELETED>    (A) by striking ``that first fiscal year'' 
                the first place it appears and inserting ``either 
                fiscal year in the biennium''; and</DELETED>
                <DELETED>    (B) by striking ``that first fiscal year 
                and the ensuing fiscal years'' and inserting ``all 
                fiscal years''.</DELETED>
<DELETED>    (c) Social Security Levels.--Section 311(a)(3) of the 
Congressional Budget Act of 1974 (2 U.S.C. 642(a)(3)) is amended by--
</DELETED>
        <DELETED>    (1) striking ``for the first fiscal year'' and 
        inserting ``each fiscal year in the biennium''; and</DELETED>
        <DELETED>    (2) striking ``that fiscal year and the ensuing 
        fiscal years'' and inserting ``all fiscal years''.</DELETED>

<DELETED>SEC. 211. MAXIMUM DEFICIT AMOUNT POINT OF ORDER.</DELETED>

<DELETED>    Section 312(c) of the Congressional Budget Act of 1974 (2 
U.S.C. 643(c)) is amended--</DELETED>
        <DELETED>    (1) in the matter preceding paragraph (1), by 
        striking ``for a fiscal year'' and inserting ``for a 
        biennium'';</DELETED>
        <DELETED>    (2) in paragraph (1), by striking ``the first 
        fiscal year'' and inserting ``either fiscal year in the 
        biennium'';</DELETED>
        <DELETED>    (3) in paragraph (2), by striking ``that fiscal 
        year'' and inserting ``either fiscal year in the biennium''; 
        and</DELETED>
        <DELETED>    (4) in the matter following paragraph (2), by 
        striking ``that fiscal year'' and inserting ``the applicable 
        fiscal year''.</DELETED>

        <DELETED>TITLE III--COMMITTEE ON FISCAL CONTROL AND THE 
                            BUDGET</DELETED>

<DELETED>SEC. 301. COMMITTEE ON FISCAL CONTROL AND THE BUDGET OF THE 
              SENATE.</DELETED>

<DELETED>    (a) In General.--</DELETED>
        <DELETED>    (1) Change of name.--The Committee on the Budget 
        of the Senate is renamed as the Committee on Fiscal Control and 
        the Budget of the Senate.</DELETED>
        <DELETED>    (2) Committee status.--The Committee on Fiscal 
        Control and the Budget shall be treated as the Committee on the 
        Budget listed under paragraph 3 of rule XXV of the Standing 
        Rules of the Senate for purposes of the Standing Rules of the 
        Senate.</DELETED>
<DELETED>    (b) Membership.--</DELETED>
        <DELETED>    (1) In general.--In the Senate, the Chairman and 
        Ranking Member of the Committee on Appropriations and the 
        Chairman and Ranking Member of the Committee on Finance (if not 
        already a member of the Committee on Fiscal Control and the 
        Budget of the Senate) shall be ex officio members of the 
        Committee on Fiscal Control and the Budget, but shall have no 
        vote in the Committee on Fiscal Control and the Budget and 
        shall not be counted for purposes of determining a 
        quorum.</DELETED>
        <DELETED>    (2) Exemption.--Service of a Senator as an ex 
        officio member of the Committee on Fiscal Control and the 
        Budget of the Senate under paragraph (1) shall not be taken 
        into account for purposes of paragraph 4 of rule XXV of the 
        Standing Rules of the Senate.</DELETED>
<DELETED>    (c) Conforming Amendments.--Section 101 of S. Res. 445 
(108th Congress) is amended--</DELETED>
        <DELETED>    (1) in subsection (d)--</DELETED>
                <DELETED>    (A) in the subsection heading, by striking 
                ``Budget'' and inserting ``Fiscal Control and the 
                Budget'';</DELETED>
                <DELETED>    (B) in the matter preceding paragraph (1), 
                by striking ``the Committee on the Budget'' and 
                inserting ``the Committee on Fiscal Control and the 
                Budget''; and</DELETED>
                <DELETED>    (C) in paragraph (1), by striking ``the 
                Budget Committee'' and inserting ``the Committee on 
                Fiscal Control and the Budget''; and</DELETED>
        <DELETED>    (2) in subsection (e), by striking ``The Committee 
        on the Budget'' and inserting ``The Committee on Fiscal Control 
        and the Budget''.</DELETED>
<DELETED>    (d) Rulemaking.--This section is enacted--</DELETED>
        <DELETED>    (1) as an exercise of the rulemaking power of the 
        Senate; and</DELETED>
        <DELETED>    (2) with full recognition of the constitutional 
        right of the Senate to change such rules at any time, in the 
        same manner, and to the same extent as in the case of any other 
        rule of the Senate.</DELETED>

<DELETED>SEC. 302. TECHNICAL AND CONFORMING AMENDMENTS.</DELETED>

<DELETED>    (a) Congressional Budget and Impoundment Control Act of 
1974.--The Congressional Budget and Impoundment Control Act of 1974 is 
amended--</DELETED>
        <DELETED>    (1) in section 201 (2 U.S.C. 601)--</DELETED>
                <DELETED>    (A) in subsection (a)(2), by striking 
                ``the Committees on the Budget of the House and 
                Senate'' and inserting ``the Committee on the Budget of 
                the House of Representatives and the Committee on 
                Fiscal Control and the Budget of the Senate''; 
                and</DELETED>
                <DELETED>    (B) in subsection (f), by striking ``The 
                Budget Committees of the Senate and House'' and 
                inserting ``The Committee on the Budget of the House of 
                Representatives and the Committee on Fiscal Control and 
                the Budget of the Senate'';</DELETED>
        <DELETED>    (2) in section 202 (2 U.S.C. 602)--</DELETED>
                <DELETED>    (A) in subsection (a)--</DELETED>
                        <DELETED>    (i) in the subsection heading, by 
                        striking ``Budget Committees'' and inserting 
                        ``the Committee on the Budget of the House of 
                        Representatives and the Committee on Fiscal 
                        Control and the Budget of the Senate''; 
                        and</DELETED>
                        <DELETED>    (ii) by striking ``the Committees 
                        on the Budget of both Houses'' and inserting 
                        ``the Committee on the Budget of the House of 
                        Representatives and the Committee on Fiscal 
                        Control and the Budget of the 
                        Senate'';</DELETED>
                <DELETED>    (B) in subsection (d), by striking ``the 
                Committee on the Budget of either House'' and inserting 
                ``the Committee on the Budget of the House of 
                Representatives or the Committee on Fiscal Control and 
                the Budget of the Senate''; and</DELETED>
                <DELETED>    (C) in subsection (e)--</DELETED>
                        <DELETED>    (i) in the subsection heading, by 
                        striking ``Budget Committees'' and inserting 
                        ``the Committee on the Budget of the House of 
                        Representatives and the Committee on Fiscal 
                        Control and the Budget of the Senate''; 
                        and</DELETED>
                        <DELETED>    (ii) by striking ``the Committees 
                        on the Budget of the House of Representatives 
                        and the Senate'' each place it appears and 
                        inserting ``the Committee on the Budget of the 
                        House of Representatives and the Committee on 
                        Fiscal Control and the Budget of the 
                        Senate'';</DELETED>
        <DELETED>    (3) in section 301 (2 U.S.C. 632)--</DELETED>
                <DELETED>    (A) in subsection (d)(1), as amended by 
                section 202 of this Act--</DELETED>
                        <DELETED>    (i) in the first sentence--
                        </DELETED>
                                <DELETED>    (I) by striking ``the 
                                Committee on the Budget'' the first 
                                place it appears and inserting ``the 
                                Committee on the Budget of the House of 
                                Representatives, with respect to a 
                                committee of the House of 
                                Representatives, or the Committee on 
                                Fiscal Control and the Budget of the 
                                Senate, with respect to a committee of 
                                the Senate''; and</DELETED>
                                <DELETED>    (II) by striking ``the 
                                Committee on the Budget of the Senate'' 
                                and inserting ``the Committee on Fiscal 
                                Control and the Budget of the 
                                Senate'';</DELETED>
                        <DELETED>    (ii) in the second sentence, by 
                        striking ``the Committees on the Budget of both 
                        Houses'' and inserting ``the Committee on the 
                        Budget of the House of Representatives and the 
                        Committee on Fiscal Control and the Budget of 
                        the Senate'';</DELETED>
                        <DELETED>    (iii) in the third sentence--
                        </DELETED>
                                <DELETED>    (I) by striking ``the 
                                Committee on the Budget of its House'' 
                                and inserting ``the Committee on the 
                                Budget of the House of Representatives 
                                or the Committee on Fiscal Control and 
                                the Budget of the Senate, 
                                respectively''; and</DELETED>
                                <DELETED>    (II) by striking ``the 
                                Committees on the Budget of both 
                                Houses'' and inserting ``the Committee 
                                on the Budget of the House of 
                                Representatives and the Committee on 
                                Fiscal Control and the Budget of the 
                                Senate''; and</DELETED>
                        <DELETED>    (iv) in the fourth sentence, by 
                        striking ``the Committee on the Budget of the 
                        applicable House'' and inserting ``the 
                        Committee on the Budget of the House of 
                        Representatives or the Committee on Fiscal 
                        Control and the Budget of the Senate, as 
                        applicable'';</DELETED>
                <DELETED>    (B) in subsection (e)(1)--</DELETED>
                        <DELETED>    (i) in the first sentence, by 
                        striking ``the Committee on the Budget of each 
                        House shall'' and inserting ``the Committee on 
                        the Budget of the House of Representatives and 
                        the Committee on Fiscal Control and the Budget 
                        of the Senate shall each''; and</DELETED>
                        <DELETED>    (ii) in the second sentence--
                        </DELETED>
                                <DELETED>    (I) by striking ``the 
                                Committee on the Budget of each House'' 
                                and inserting ``the Committee on the 
                                Budget of the House of Representatives 
                                and the Committee on Fiscal Control and 
                                the Budget of the Senate'';</DELETED>
                                <DELETED>    (II) by striking ``its'' 
                                each place it appears and inserting 
                                ``such committee's''; and</DELETED>
                                <DELETED>    (III) by striking ``it'' 
                                and inserting ``such committee''; 
                                and</DELETED>
                <DELETED>    (C) in subsection (h), by striking ``its 
                House'' and inserting ``the House of 
                Representatives'';</DELETED>
        <DELETED>    (4) in section 305(b) (2 U.S.C. 636(b)), by 
        striking ``Committee on the Budget'' each place it appears and 
        inserting ``Committee on Fiscal Control and the 
        Budget'';</DELETED>
        <DELETED>    (5) in section 306 (2 U.S.C. 637), in the section 
        heading, by striking ``budget committees'' and inserting ``the 
        committee on the budget of the house of representatives and the 
        committee on fiscal control and the budget of the 
        senate'';</DELETED>
        <DELETED>    (6) in section 308(a)(3) (2 U.S.C. 639(a)(3)), by 
        striking ``the Committees on the Budget of the House and 
        Senate'' and inserting ``the Committee on the Budget of the 
        House of Representatives and the Committee on Fiscal Control 
        and the Budget of the Senate'';</DELETED>
        <DELETED>    (7) in section 310 (2 U.S.C. 641)--</DELETED>
                <DELETED>    (A) in subsection (b)(2), by striking 
                ``the Committee on the Budget of its House'' and 
                inserting ``the Committee on the Budget of the House of 
                Representatives or the Committee on Fiscal Control and 
                the Budget of the Senate, respectively'';</DELETED>
                <DELETED>    (B) in subsection (c)(2), by striking 
                ``Committee on the Budget'' each place it appears and 
                inserting ``Committee on Fiscal Control and the 
                Budget''; and</DELETED>
                <DELETED>    (C) in subsection (d)--</DELETED>
                        <DELETED>    (i) in paragraph (4), by striking 
                        ``or of the Senate'' and inserting ``or the 
                        Committee on Fiscal Control and the Budget of 
                        the Senate''; and</DELETED>
                        <DELETED>    (ii) in paragraph (5), by striking 
                        ``its Committee on the Budget'' and inserting 
                        ``the Committee on the Budget of the House of 
                        Representatives'';</DELETED>
        <DELETED>    (8) in section 312(a) (2 U.S.C. 643(a))--
        </DELETED>
                <DELETED>    (A) in the subsection heading, by striking 
                ``budget''; and</DELETED>
                <DELETED>    (B) by striking ``or the Senate'' and 
                inserting ``or the Committee on Fiscal Control and the 
                Budget of the Senate'';</DELETED>
        <DELETED>    (9) in section 313 (2 U.S.C. 644)--</DELETED>
                <DELETED>    (A) in subsection (b)(2), by striking 
                ``Committee on the Budget'' and inserting ``Committee 
                on Fiscal Control and the Budget''; and</DELETED>
                <DELETED>    (B) in subsection (c), by striking 
                ``Committee on the Budget'' and inserting ``Committee 
                on Fiscal Control and the Budget'';</DELETED>
        <DELETED>    (10) in section 314 (2 U.S.C. 645)--</DELETED>
                <DELETED>    (A) in subsection (a), by striking ``or 
                the Senate'' and inserting ``or the Committee on Fiscal 
                Control and the Budget of the Senate''; and</DELETED>
                <DELETED>    (B) in subsection (g)(1)(A), by striking 
                ``or the Senate'' and inserting ``or the Committee on 
                Fiscal Control and the Budget of the 
                Senate'';</DELETED>
        <DELETED>    (11) in section 425(e) (2 U.S.C. 658d(e)), by 
        striking ``Committee on the Budget'' and inserting ``Committee 
        on Fiscal Control and the Budget'';</DELETED>
        <DELETED>    (12) in section 703 (2 U.S.C. 623)--</DELETED>
                <DELETED>    (A) in subsection (a), by striking ``The 
                Committees on the Budget of the House of 
                Representatives and the Senate'' and inserting ``The 
                Committee on the Budget of the House of Representatives 
                and the Committee on Fiscal Control and the Budget of 
                the Senate''; and</DELETED>
                <DELETED>    (B) in subsection (b), by striking ``The 
                Committee on the Budget of each House shall, from time 
                to time, report to its House'' and inserting ``The 
                Committee on the Budget of the House of Representatives 
                and the Committee on Fiscal Control and the Budget of 
                the Senate shall, from time to time, report to the 
                House of Representatives and the Senate, 
                respectively,'';</DELETED>
        <DELETED>    (13) in section 1024(d) (2 U.S.C. 691c(d)), by 
        striking ``the Committees on the Budget of the House of 
        Representatives and the Senate'' and inserting ``the Committee 
        on the Budget of the House of Representatives and the Committee 
        on Fiscal Control and the Budget of the Senate'';</DELETED>
        <DELETED>    (14) in section 1025(a) (2 U.S.C. 691d(a)), by 
        striking ``Committee on the Budget'' the first place it appears 
        and inserting ``Committee on Fiscal Control and the Budget''; 
        and</DELETED>
        <DELETED>    (15) in the table of contents in section 1(b), by 
        striking the item relating to section 306 and inserting the 
        following:</DELETED>

<DELETED>``Sec. 306. Legislation dealing with congressional budget must 
                            be handled by the Committee on the Budget 
                            of the House of Representatives and the 
                            Committee on Fiscal Control and the Budget 
                            of the Senate.''.
<DELETED>    (b) Balanced Budget and Emergency Deficit Control Act of 
1985.--The Balanced Budget and Emergency Deficit Control Act of 1985 (2 
U.S.C. 900 et seq.) is amended--</DELETED>
        <DELETED>    (1) in section 250(c)(4)(F) (2 U.S.C. 
        900(c)(4)(F)), by striking ``the Committees on Appropriations 
        and the Budget of the House of Representatives and the Senate'' 
        and inserting ``the Committee on Appropriations and the 
        Committee on the Budget of the House of Representatives and the 
        Committee on Appropriations and the Committee on Fiscal Control 
        and the Budget of the Senate'';</DELETED>
        <DELETED>    (2) in section 251 (2 U.S.C. 901)--</DELETED>
                <DELETED>    (A) in subsection (a)(7), by striking 
                ``the Committees on the Budget of the House of 
                Representatives and the Senate'' each place it appears 
                and inserting ``the Committee on the Budget of the 
                House of Representatives and the Committee on Fiscal 
                Control and the Budget of the Senate''; and</DELETED>
                <DELETED>    (B) in subsection (b)--</DELETED>
                        <DELETED>    (i) in paragraph (1), by striking 
                        ``the Committees on Appropriations and the 
                        Budget of the House of Representatives and the 
                        Senate'' and inserting ``the Committee on 
                        Appropriations and the Committee on the Budget 
                        of the House of Representatives and the 
                        Committee on Appropriations and the Committee 
                        on Fiscal Control and the Budget of the 
                        Senate''; and</DELETED>
                        <DELETED>    (ii) in paragraph (2)(D)(ii), by 
                        striking ``the Committees on Appropriations and 
                        Budget in each House'' and inserting ``the 
                        Committee on Appropriations and the Committee 
                        on the Budget of the House of Representatives 
                        and the Committee on Appropriations and the 
                        Committee on Fiscal Control and the Budget of 
                        the Senate'';</DELETED>
        <DELETED>    (3) in section 251A(d) (2 U.S.C. 901a(d)), by 
        striking ``the Committees on the Budget of the House of 
        Representatives and the Senate'' each place it appears and 
        inserting ``the Committee on the Budget of the House of 
        Representatives and the Committee on Fiscal Control and the 
        Budget of the Senate'';</DELETED>
        <DELETED>    (4) in section 254(h) (2 U.S.C. 904(h)), in the 
        matter preceding paragraph (1), by striking ``or the Senate'' 
        and inserting ``or the Committee on Fiscal Control and the 
        Budget of the Senate'';</DELETED>
        <DELETED>    (5) in section 257(b)(2)(A)(i) (2 U.S.C. 
        907(b)(2)(A)(i)), in the second sentence--</DELETED>
                <DELETED>    (A) by striking ``the Committees on 
                Budget'' and inserting ``the Committee on the Budget of 
                the House of Representatives, the Committee on Fiscal 
                Control and the Budget of the Senate,''; and</DELETED>
                <DELETED>    (B) by striking ``and the Budget 
                Committees'' and inserting ``the Committee on the 
                Budget of the House of Representatives, and the 
                Committee on Fiscal Control and the Budget of the 
                Senate'';</DELETED>
        <DELETED>    (6) in section 258(a)(3) (2 U.S.C. 907a(a)(3)), in 
        the first sentence, by striking ``the Committee on the Budget'' 
        and inserting ``the Committee on Fiscal Control and the 
        Budget'';</DELETED>
        <DELETED>    (7) in section 258B(h)(4) (2 U.S.C. 907c(h)(4)), 
        by striking ``the Committee on the Budget'' and inserting ``the 
        Committee on Fiscal Control and the Budget''; and</DELETED>
        <DELETED>    (8) in section 258C(a) (2 U.S.C. 907d(a))--
        </DELETED>
                <DELETED>    (A) by striking ``the Committee on the 
                Budget'' each place it appears and inserting ``the 
                Committee on Fiscal Control and the Budget'';</DELETED>
                <DELETED>    (B) in paragraph (3), by striking ``the 
                Budget Committee'' and inserting ``the Committee on 
                Fiscal Control and the Budget of the Senate''; 
                and</DELETED>
                <DELETED>    (C) in paragraph (4)--</DELETED>
                        <DELETED>    (i) in the paragraph heading, by 
                        striking ``Budget committee action'' and 
                        inserting ``Action by the committee on fiscal 
                        control and the budget''; and</DELETED>
                        <DELETED>    (ii) by striking ``the Budget 
                        Committee'' each place it appears and inserting 
                        ``the Committee on Fiscal Control and the 
                        Budget of the Senate''.</DELETED>
<DELETED>    (c) Statutory Pay-As-You-Go Act of 2010.--The Statutory 
Pay-As-You-Go Act of 2010 (2 U.S.C. 931 et seq.) is amended--</DELETED>
        <DELETED>    (1) in section 4(a) (2 U.S.C. 933(a))--</DELETED>
                <DELETED>    (A) in paragraph (1)--</DELETED>
                        <DELETED>    (i) in subparagraph (B), by 
                        striking ``the Senate Budget Committee'' each 
                        place it appears and inserting ``the Committee 
                        on Fiscal Control and the Budget of the 
                        Senate''; and</DELETED>
                        <DELETED>    (ii) in subparagraph (C), by 
                        striking ``the Chairmen of the House and Senate 
                        Budget Committees'' each place it appears and 
                        inserting ``the Chairman of the Committee on 
                        the Budget of the House of Representatives and 
                        the Chairman of the Committee on Fiscal Control 
                        and the Budget of the Senate'';</DELETED>
                <DELETED>    (B) in paragraph (2)--</DELETED>
                        <DELETED>    (i) in subparagraph (A)--
                        </DELETED>
                                <DELETED>    (I) in clause (i), by 
                                striking ``by one House, the Chairman 
                                of the Budget Committee of that House'' 
                                and inserting ``by the House of 
                                Representatives or the Senate, the 
                                Chairman of the Committee on the Budget 
                                of the House of Representatives or the 
                                Chairman of the Committee on Fiscal 
                                Control and the Budget of the Senate, 
                                respectively,''; and</DELETED>
                                <DELETED>    (II) in clause (ii), by 
                                striking ``the Chairman of the Budget 
                                Committee of that House prior to 
                                passage'' and inserting ``the Chairman 
                                of the Committee on the Budget of the 
                                House of Representatives or the 
                                Chairman of the Committee on Fiscal 
                                Control and the Budget of the Senate 
                                prior to passage by the House of 
                                Representatives or the Senate, 
                                respectively,''; and</DELETED>
                        <DELETED>    (ii) in subparagraph (B)(i), by 
                        striking ``the Chairmen of the Budget 
                        Committees of the House and Senate'' and 
                        inserting ``the Chairman of the Committee on 
                        the Budget of the House of Representatives and 
                        the Chairman of the Committee on Fiscal Control 
                        and the Budget of the Senate'';</DELETED>
                <DELETED>    (C) in paragraph (3), by striking ``Senate 
                Budget Committee'' and inserting ``Committee on Fiscal 
                Control and the Budget of the Senate''; and</DELETED>
                <DELETED>    (D) in paragraph (4)--</DELETED>
                        <DELETED>    (i) in the paragraph heading, by 
                        striking ``of the budget committees''; 
                        and</DELETED>
                        <DELETED>    (ii) by striking ``the Senate or 
                        House Committees on the Budget'' and inserting 
                        ``the Committee on the Budget of the House of 
                        Representatives or the Committee on Fiscal 
                        Control and the Budget of the Senate''; 
                        and</DELETED>
        <DELETED>    (2) in section 12 (2 U.S.C. 938)--</DELETED>
                <DELETED>    (A) in the first sentence, by striking 
                ``the chairmen of the Committees on the Budget of the 
                House and Senate'' and inserting ``the Chairman of the 
                Committee on the Budget of the House of Representatives 
                or the Chairman of the Committee on Fiscal Control and 
                the Budget of the Senate''; and</DELETED>
                <DELETED>    (B) in the second sentence, by striking 
                ``the Chairmen of the House and Senate Budget 
                Committees'' and inserting ``the Chairman of the 
                Committee on the Budget of the House of Representatives 
                and the Chairman of the Committee on Fiscal Control and 
                the Budget of the Senate''.</DELETED>
<DELETED>    (d) Other Laws.--</DELETED>
        <DELETED>    (1) Section 3(1)(A) of the Emergency Economic 
        Stabilization Act of 2008 (12 U.S.C. 5202(1)(A)) is amended by 
        striking ``the Committee on the Budget'' and inserting ``the 
        Committee on Fiscal Control and the Budget''.</DELETED>
        <DELETED>    (2) Section 3002(1)(A) of the Small Business Jobs 
        Act of 2010 (12 U.S.C. 5701(1)(A)) is amended by striking ``the 
        Committee on the Budget'' and inserting ``the Committee on 
        Fiscal Control and the Budget''.</DELETED>
        <DELETED>    (3) Section 302(d) of the Full Employment and 
        Balanced Growth Act of 1978 (15 U.S.C. 3132(d)) is amended in 
        the first sentence by striking ``the Committees on the Budget 
        of the Senate and the House of Representatives'' and inserting 
        ``the Committee on the Budget of the House of Representatives 
        and the Committee on Fiscal Control and the Budget of the 
        Senate''.</DELETED>
        <DELETED>    (4) Section 9503(d)(7) of the Internal Revenue 
        Code of 1986 (relating to the Highway Trust Fund) is amended by 
        striking ``the Committees on the Budget of both Houses'' and 
        inserting ``the Committee on the Budget of the House of 
        Representatives, the Committee on Fiscal Control and the Budget 
        of the Senate''.</DELETED>
        <DELETED>    (5) Section 1104(c) of title 31, United States 
        Code, is amended in the second sentence by striking ``the 
        Committees on Appropriations and on the Budget of both Houses 
        of Congress'' and inserting ``the Committee on Appropriations 
        and the Committee on the Budget of the House of Representatives 
        and the Committee on Appropriations and the Committee on Fiscal 
        Control and the Budget of the Senate''.</DELETED>
        <DELETED>    (6) Section 1105(a)(35)(B) of title 31, United 
        States Code, is amended by striking ``the Committees on 
        Appropriations'' and all that follows and inserting ``the 
        Committee on Appropriations, the Committee on the Budget, and 
        the Committee on Homeland Security of the House of 
        Representatives and the Committee on Appropriations, the 
        Committee on Fiscal Control and the Budget, and the Committee 
        on Homeland Security and Governmental Affairs of the 
        Senate.''.</DELETED>
        <DELETED>    (7) Section 1109(b) of title 31, United States 
        Code, is amended by striking ``the Committees on the Budget of 
        both Houses'' and inserting ``the Committee on the Budget of 
        the House of Representatives and the Committee on Fiscal 
        Control and the Budget of the Senate''.</DELETED>
        <DELETED>    (8) Section 1112(c)(3) of title 31, United States 
        Code, is amended by striking ``and on the Budget of both Houses 
        of Congress'' and inserting ``of both Houses of Congress, the 
        Committee on the Budget of the House of Representatives, the 
        Committee on Fiscal Control and the Budget of the 
        Senate''.</DELETED>
        <DELETED>    (9) Section 1120(a)(3)(B) of title 31, United 
        States Code, is amended by striking ``the Committees on the 
        Budget of the Senate and the House of Representatives'' and 
        inserting ``the Committee on the Budget of the House of 
        Representatives and the Committee on Fiscal Control and the 
        Budget of the Senate''.</DELETED>
        <DELETED>    (10) Section 3524(b) of title 31, United States 
        Code, is amended by striking ``the Committees on the Budget and 
        Appropriations of both Houses of Congress, the Committee on 
        Governmental Affairs, and to the Committee on Government 
        Operations, and to'' and inserting ``the Committee on 
        Appropriations, the Committee on the Budget, and the Committee 
        on Oversight and Government Reform of the House of 
        Representatives, the Committee on Appropriations, the Committee 
        on Fiscal Control and the Budget, and the Committee on Homeland 
        Security and Governmental Affairs of the Senate, 
        and''.</DELETED>
        <DELETED>    (11) Section 6203(a)(2)(C) of title 31, United 
        States Code, is amended by striking ``the Committees on 
        Governmental Affairs, the Budget, and Appropriations'' and 
        inserting ``the Committee on Appropriations, the Committee on 
        Fiscal Control and the Budget, and the Committee on Homeland 
        Security and Governmental Affairs''.</DELETED>
        <DELETED>    (12) Section 8163(c)(1) of title 38, United States 
        Code, is amended in the first sentence by striking ``and the 
        Committees on the Budget of the House of Representatives and 
        the Senate'' and inserting ``the Committee on the Budget of the 
        House of Representatives, and the Committee on Fiscal Control 
        and the Budget of the Senate''.</DELETED>
        <DELETED>    (13) Section 8168 of title 38, United States Code, 
        is amended by striking ``and the Committees on the Budget of 
        the House of Representatives and the Senate'' each place it 
        appears and inserting ``the Committee on the Budget of the 
        House of Representatives, and the Committee on Fiscal Control 
        and the Budget of the Senate''.</DELETED>
        <DELETED>    (14) Section 104(a)(2) of division O of the 
        Consolidated Appropriations Act, 2018 (43 U.S.C. 1748a-2(a)(2)) 
        is amended by striking ``the Budget'' the second place it 
        appears and inserting ``Fiscal Control and the 
        Budget''.</DELETED>

<DELETED>SEC. 303. REFERENCES.</DELETED>

<DELETED>    Any reference in any law, regulation, map, document, 
record, or other paper of the United States to the Committee on the 
Budget of the Senate shall be deemed a reference to the Committee on 
Fiscal Control and the Budget of the Senate.</DELETED>

    <DELETED>TITLE IV--SPECIAL RECONCILIATION INSTRUCTIONS</DELETED>

<DELETED>SEC. 401. SPECIAL RECONCILIATION INSTRUCTIONS.</DELETED>

<DELETED>    (a) In General.--Title III of the Congressional Budget and 
Impoundment Control Act of 1974 (2 U.S.C. 631 et seq.), as amended by 
section 202 of this Act, is amended by adding at the end the 
following:</DELETED>

<DELETED>``SEC. 317. SPECIAL RECONCILIATION INSTRUCTIONS.</DELETED>

<DELETED>    ``(a) In General.--Only if the Director of the 
Congressional Budget Office submits a report under section 202(h) 
indicating that the target for the ratio of the debt held by the public 
to the gross domestic product of the United States by the end of the 
last fiscal year covered by the most recently agreed to concurrent 
resolution on the budget will not be achieved, not later than April 15 
of the first fiscal year of such biennium, the Committee on Fiscal 
Control and the Budget of the Senate shall report to the Senate a 
simple resolution--</DELETED>
        <DELETED>    ``(1) specifying a total level of deficit 
        reduction to be achieved and the period during which such 
        reduction is to be achieved; and</DELETED>
        <DELETED>    ``(2) containing directives to 1 or more 
        committees of the Senate specifying the total amount by which 
        new budget authority or new entitlement authority contained in 
        laws within the jurisdiction of each such committee is to be 
        changed or revenues are to be changed to achieve the total 
        level of deficit reduction.</DELETED>
<DELETED>    ``(b) Deemed Agreed to.--If the Committee on Fiscal 
Control and the Budget of the Senate reports a resolution in accordance 
with subsection (a), the resolution shall be deemed to be agreed to by 
the Senate.</DELETED>
<DELETED>    ``(c) Recommendations of Committees.--If a resolution is 
reported under subsection (a), not later than May 15 of the year in 
which the resolution is reported, each committee for which the 
resolution contains directives shall submit to the Committee on Fiscal 
Control and the Budget of the Senate recommended changes in laws within 
the jurisdiction of the committee that comply with subsection 
(a)(2).</DELETED>
<DELETED>    ``(d) Special Reconciliation Procedure.--</DELETED>
        <DELETED>    ``(1) In general.--Subject to paragraph (2), after 
        each committee for which a resolution reported under subsection 
        (a) contained directives has reported recommended changes to 
        the Committee on Fiscal Control and the Budget of the Senate, 
        the Committee on Fiscal Control and the Budget shall report to 
        the Senate special reconciliation legislation carrying out all 
        such recommendations without any substantive 
        revision.</DELETED>
        <DELETED>    ``(2) Failure to report compliant 
        recommendations.--If 1 or more committees do not report 
        recommendations that comply with subsections (a)(2) and (c), 
        the Committee on Fiscal Control and the Budget of the Senate--
        </DELETED>
                <DELETED>    ``(A) shall report to the Senate special 
                reconciliation legislation carrying out all reported 
                recommendations that comply with subsections (a)(2) and 
                (c), without any substantive revision; and</DELETED>
                <DELETED>    ``(B) may include in the legislation 
                reported under subparagraph (A) changes in laws within 
                the jurisdiction of each noncompliant committee, if the 
                changes in law comply with subsection (a)(2).</DELETED>
<DELETED>    ``(e) Limits on Special Reconciliation Bills.--</DELETED>
        <DELETED>    ``(1) Extraneous material.--</DELETED>
                <DELETED>    ``(A) In general.--It shall not be in 
                order to consider any provision in legislation reported 
                under subsection (d) that contains material extraneous 
                (within the meaning given that term under section 313) 
                to the directives to the applicable 
                committee.</DELETED>
                <DELETED>    ``(B) Point of order sustained.--If a 
                point of order is made by a Senator against a provision 
                described in subparagraph (A), and the point of order 
                is sustained by the Chair, that provision shall be 
                stricken from the measure and may not be offered as an 
                amendment from the floor.</DELETED>
                <DELETED>    ``(C) Form of the point of order.--A point 
                of order under subparagraph (A) may be raised by a 
                Senator as provided in section 313(e).</DELETED>
                <DELETED>    ``(D) Conference reports.--When the Senate 
                is considering a conference report on, or an amendment 
                between the Houses in relation to, legislation reported 
                under subsection (d), upon a point of order being made 
                by any Senator pursuant to subparagraph (A), and such 
                point of order being sustained, such material contained 
                in such conference report or House amendment shall be 
                stricken, and the Senate shall proceed to consider the 
                question of whether the Senate shall recede from its 
                amendment and concur with a further amendment, or 
                concur in the House amendment with a further amendment, 
                as the case may be, which further amendment shall 
                consist of only that portion of the conference report 
                or House amendment, as the case may be, not so 
                stricken. Any such motion in the Senate shall be 
                debatable. In any case in which such point of order is 
                sustained against a conference report (or Senate 
                amendment derived from such conference report by 
                operation of this subparagraph), no further amendment 
                shall be in order.</DELETED>
                <DELETED>    ``(E) Supermajority waiver and appeal.--In 
                the Senate, this paragraph may be waived or suspended 
                only by an affirmative vote of three-fifths of the 
                Members, duly chosen and sworn. An affirmative vote of 
                three-fifths of 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 paragraph.</DELETED>
        <DELETED>    ``(2) Deficit reduction required.--</DELETED>
                <DELETED>    ``(A) Each title reduces the deficit.--
                </DELETED>
                        <DELETED>    ``(i) In general.--It shall not be 
                        in order to consider any title in legislation 
                        reported under subsection (d) that would 
                        increase the deficit over--</DELETED>
                                <DELETED>    ``(I) the period during 
                                which the level of deficit reduction 
                                specified in subsection (a)(1) is to be 
                                achieved; or</DELETED>
                                <DELETED>    ``(II) the period covered 
                                by the most recently agreed to 
                                concurrent resolution on the 
                                budget.</DELETED>
                        <DELETED>    ``(ii) Point of order sustained.--
                        If a point of order is made by a Senator 
                        against a title described in clause (i), and 
                        the point of order is sustained by the Chair, 
                        that title shall be stricken from the measure 
                        and may not be offered as an amendment from the 
                        floor.</DELETED>
                        <DELETED>    ``(iii) Form of the point of 
                        order.--A point of order under clause (i) may 
                        be raised by a Senator as provided in section 
                        313(e).</DELETED>
                        <DELETED>    ``(iv) Conference reports.--When 
                        the Senate is considering a conference report 
                        on, or an amendment between the Houses in 
                        relation to, a bill or joint resolution, upon a 
                        point of order being made by any Senator 
                        pursuant to clause (i), and such point of order 
                        being sustained, such material contained in 
                        such conference report or House amendment shall 
                        be stricken, and the Senate shall proceed to 
                        consider the question of whether the Senate 
                        shall recede from its amendment and concur with 
                        a further amendment, or concur in the House 
                        amendment with a further amendment, as the case 
                        may be, which further amendment shall consist 
                        of only that portion of the conference report 
                        or House amendment, as the case may be, not so 
                        stricken. Any such motion in the Senate shall 
                        be debatable. In any case in which such point 
                        of order is sustained against a conference 
                        report (or Senate amendment derived from such 
                        conference report by operation of this clause), 
                        no further amendment shall be in 
                        order.</DELETED>
                        <DELETED>    ``(v) Supermajority waiver and 
                        appeal.--In the Senate, this subparagraph may 
                        be waived or suspended only by an affirmative 
                        vote of three-fifths of the Members, duly 
                        chosen and sworn. An affirmative vote of three-
                        fifths of 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 subparagraph.</DELETED>
                <DELETED>    ``(B) No amendments reducing the amount of 
                deficit reduction.--</DELETED>
                        <DELETED>    ``(i) In general.--It shall not be 
                        in order to consider an amendment to 
                        legislation reported under subsection (d) that 
                        would reduce the amount of the decrease in the 
                        deficit, as compared to the legislation as 
                        reported by the Committee on Fiscal Control and 
                        the Budget of the Senate, over--</DELETED>
                                <DELETED>    ``(I) the period during 
                                which the level of deficit reduction 
                                specified in subsection (a)(1) is to be 
                                achieved; or</DELETED>
                                <DELETED>    ``(II) the period covered 
                                by the most recently agreed to 
                                concurrent resolution on the 
                                budget.</DELETED>
                        <DELETED>    ``(ii) Supermajority waiver and 
                        appeal.--In the Senate, this subparagraph may 
                        be waived or suspended only by an affirmative 
                        vote of three-fifths of the Members, duly 
                        chosen and sworn. An affirmative vote of three-
                        fifths of 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 subparagraph.</DELETED>
<DELETED>    ``(f) Consideration of Special Reconciliation Bills.--
</DELETED>
        <DELETED>    ``(1) Deadline.--Not later than July 30 of an 
        even-numbered year, the Senate shall proceed to consideration 
        of legislation reported under subsection (d).</DELETED>
        <DELETED>    ``(2) Procedures.--</DELETED>
                <DELETED>    ``(A) In general.--Except as provided in 
                subparagraph (B), and subject to subsection (e), if the 
                Committee on Fiscal Control and the Budget of the 
                Senate reports legislation under subsection (d), the 
                provisions of section 305 for the consideration in the 
                Senate of concurrent resolutions on the budget and 
                conference reports thereon shall also apply to the 
                consideration in the Senate of such legislation and 
                conference reports thereon.</DELETED>
                <DELETED>    ``(B) Consideration.--Consideration in the 
                Senate on any legislation reported under subsection 
                (d), and all amendments thereto and debatable motions 
                and appeals in connection therewith, shall be limited 
                to not more than 20 hours.</DELETED>
                <DELETED>    ``(C) Vetoes.--If the President vetoes 
                legislation reported under subsection (d), in the 
                Senate there shall be not more than 1 hour of debate on 
                the veto message, equally divided between the majority 
                and minority leaders or their designees.''.</DELETED>
<DELETED>    (b) Technical and Conforming Amendment.--The table of 
contents in section 1(b) of the Congressional Budget and Impoundment 
Control Act of 1974 is amended by inserting after the item relating to 
section 316, as added by section 202 of this Act, the 
following:</DELETED>

<DELETED>``Sec. 317. Special reconciliation instructions.''.

        <DELETED>TITLE V--CONGRESSIONAL BUDGET ENFORCEMENT AND 
                        ACCOUNTABILITY</DELETED>

<DELETED>SEC. 501. UP-TO-DATE TABULATIONS OF CONGRESSIONAL BUDGET 
              ACTION.</DELETED>

<DELETED>    Section 308(b) of the Congressional Budget Act of 1974 (2 
U.S.C. 639(b)) is amended to read as follows:</DELETED>
<DELETED>    ``(b) Up-to-Date Tabulations of Congressional Budget 
Action.--</DELETED>
        <DELETED>    ``(1) CBO reports.--</DELETED>
                <DELETED>    ``(A) In general.--At the request of the 
                Chairman of the Committee on the Budget of the House of 
                Representatives or the Chairman of the Committee on 
                Fiscal Control and the Budget of the Senate, the 
                Director of the Congressional Budget Office shall 
                provide to each such committee reports detailing and 
                tabulating congressional action on bills and joint 
                resolutions providing an increase or decrease in budget 
                authority, outlays, or revenues for fiscal years 
                covered by a concurrent resolution on the 
                budget.</DELETED>
                <DELETED>    ``(B) Contents.--Each report provided 
                under subparagraph (A) shall include, but is not 
                limited to--</DELETED>
                        <DELETED>    ``(i) an up-to-date tabulation 
                        comparing the appropriate aggregate levels 
                        included in the most recently adopted 
                        concurrent resolution on the budget with the 
                        levels resulting from current law, as modified 
                        by subsequently enacted legislation; 
                        and</DELETED>
                        <DELETED>    ``(ii) an up-to-date calculation, 
                        for each committee of the House of 
                        Representatives and the Senate (other than the 
                        Committees on Appropriations), of the amount by 
                        which the committee is expected to exceed or 
                        not exceed, as the case may be, the allocation 
                        level described in section 302(a), as provided 
                        for the committee by the most recently adopted 
                        concurrent resolution on the budget.</DELETED>
        <DELETED>    ``(2) Scorekeeping reports.--</DELETED>
                <DELETED>    ``(A) In general.--The Committee on the 
                Budget of the House of Representatives and the 
                Committee on Fiscal Control and the Budget of the 
                Senate shall each make available to Members of its 
                House summary budget scorekeeping reports.</DELETED>
                <DELETED>    ``(B) Contents.--Each report made 
                available under subparagraph (A) shall--</DELETED>
                        <DELETED>    ``(i) be made available not less 
                        frequently than bimonthly to provide Members of 
                        each House an accurate representation of the 
                        current status of congressional consideration 
                        of the budget;</DELETED>
                        <DELETED>    ``(ii) include, but is not limited 
                        to, summaries of tabulations and calculations 
                        provided under paragraph (1);</DELETED>
                        <DELETED>    ``(iii) be based on information 
                        provided under paragraph (1) without 
                        substantive revision; and</DELETED>
                        <DELETED>    ``(iv) be published in the 
                        Congressional Record and on a publicly 
                        accessible website by the Chairman of the 
                        Committee on the Budget of the House of 
                        Representatives or the Chairman of the 
                        Committee on Fiscal Control and the Budget of 
                        the Senate, as applicable, as soon as 
                        practicable.</DELETED>
                <DELETED>    ``(C) Submission to the speaker.--The 
                Chairman of the Committee on the Budget of the House of 
                Representatives shall submit each report made available 
                under subparagraph (A) to the Speaker.''.</DELETED>

<DELETED>SEC. 502. SURGICAL STRIKE POINT OF ORDER RELATING TO 
              LEGISLATION DEALING WITH THE CONGRESSIONAL 
              BUDGET.</DELETED>

<DELETED>    Section 306(a) of the Congressional Budget Act of 1974 (2 
U.S.C. 637(a)) is amended to read as follows:</DELETED>
<DELETED>    ``(a) In the Senate.--</DELETED>
        <DELETED>    ``(1) Point of order.--In the Senate, it shall not 
        be in order to consider a provision in a bill, joint 
        resolution, motion, amendment, amendment between the Houses, or 
        conference report containing any matter which is within the 
        jurisdiction of the Committee on Fiscal Control and the Budget 
        of the Senate unless the provision is in--</DELETED>
                <DELETED>    ``(A) a bill or joint resolution which has 
                been reported by the Committee on Fiscal Control and 
                the Budget of the Senate (or from the consideration of 
                which such committee has been discharged); or</DELETED>
                <DELETED>    ``(B) an amendment to, amendment between 
                the Houses in relation to, conference report on, or 
                motion on a bill or joint resolution described in 
                subparagraph (A).</DELETED>
        <DELETED>    ``(2) Point of order sustained.--If a point of 
        order is made by a Senator against a provision described in 
        paragraph (1), and the point of order is sustained by the 
        Chair, that provision shall be stricken from the measure and 
        may not be offered as an amendment from the floor.</DELETED>
        <DELETED>    ``(3) Form of the point of order.--A point of 
        order under paragraph (1) may be raised by a Senator as 
        provided in section 313(e).</DELETED>
        <DELETED>    ``(4) Conference reports.--When the Senate is 
        considering a conference report on, or an amendment between the 
        Houses in relation to, a bill or joint resolution, upon a point 
        of order being made by any Senator pursuant to paragraph (1), 
        and such point of order being sustained, such material 
        contained in such conference report or House amendment shall be 
        stricken, and the Senate shall proceed to consider the question 
        of whether the Senate shall recede from its amendment and 
        concur with a further amendment, or concur in the House 
        amendment with a further amendment, as the case may be, which 
        further amendment shall consist of only that portion of the 
        conference report or House amendment, as the case may be, not 
        so stricken. In the Senate, debate on any such motion, and any 
        debatable motions and appeals in connection therewith, shall be 
        limited to 1 hour. In any case in which such point of order is 
        sustained against a conference report (or Senate amendment 
        derived from such conference report by operation of this 
        paragraph), no further amendment shall be in 
        order.''.</DELETED>

<DELETED>SEC. 503. GLOBAL WAIVER FOR GENERAL BUDGET POINTS OF 
              ORDER.</DELETED>

<DELETED>    Section 904 of the Congressional Budget Act of 1974 (2 
U.S.C. 621 note) is amended by adding at the end the 
following:</DELETED>
<DELETED>    ``(f) Global Waiver for General Budget Points of Order.--
</DELETED>
        <DELETED>    ``(1) Definitions.--In this subsection--</DELETED>
                <DELETED>    ``(A) the term `general budget point of 
                order' means a point of order under this Act, the 
                Balanced Budget and Emergency Deficit Control Act of 
                1985, the Statutory Pay-As-You-Go Act of 2010, or a 
                concurrent resolution on the budget that if sustained--
                </DELETED>
                        <DELETED>    ``(i) in the case of a bill or 
                        joint resolution, the effect is the measure be 
                        recommitted to the appropriate committee for 
                        further consideration under section 312(f); 
                        or</DELETED>
                        <DELETED>    ``(ii) in the case of any other 
                        measure, the effect is the same as if the 
                        Senate had disagreed to the measure; 
                        and</DELETED>
                <DELETED>    ``(B) the term `surgical strike point of 
                order' means a point of order under this Act, the 
                Balanced Budget and Emergency Deficit Control Act of 
                1985, the Statutory Pay-As-You-Go Act of 2010, or a 
                concurrent resolution on the budget raised against a 
                provision in a measure that if sustained the effect is 
                the provision be stricken from the measure.</DELETED>
        <DELETED>    ``(2) Waiver.--In the Senate, it shall be in order 
        for a Senator to move to waive all applicable general budget 
        points of order with respect to a bill, joint resolution, 
        concurrent resolution, motion, amendment, amendment between the 
        Houses, or conference report. An affirmative vote of three-
        fifths of the Members of the Senate, duly chosen and sworn, 
        shall be required to sustain a motion made under this 
        paragraph.</DELETED>
        <DELETED>    ``(3) Prohibition.--</DELETED>
                <DELETED>    ``(A) In general.--In the Senate, it shall 
                not be in order for a Senator to move to waive all 
                applicable surgical strike points of order with respect 
                to a bill, joint resolution, concurrent resolution, 
                motion, amendment, amendment between the Houses, or 
                conference report, unless in response to a point of 
                order being raised.</DELETED>
                <DELETED>    ``(B) No waiver.--In the Senate, it shall 
                not be in order to move to waive or suspend 
                subparagraph (A).''.</DELETED>

<DELETED>SEC. 504. EFFECTIVE DATE.</DELETED>

<DELETED>    The amendments made by this title shall take effect on the 
date of enactment of this Act.</DELETED>

                  <DELETED>TITLE VI--REPORTS</DELETED>

<DELETED>SEC. 601. REPORTS TO THE COMMITTEE ON FISCAL CONTROL AND THE 
              BUDGET OF THE SENATE AND THE COMMITTEE ON THE BUDGET OF 
              THE HOUSE OF REPRESENTATIVES.</DELETED>

<DELETED>    (a) In General.--Section 202(e) of the Congressional 
Budget Act of 1974 (2 U.S.C. 602(e)) is amended--</DELETED>
        <DELETED>    (1) by striking paragraph (2) and inserting the 
        following:</DELETED>
        <DELETED>    ``(2) The Director shall from time to time, as may 
        be necessary or appropriate to provide the Committee on the 
        Budget of the House of Representatives and the Committee on 
        Fiscal Control and the Budget of the Senate with information, 
        data, and analyses for the performance of their duties and 
        functions, submit to such committees further reports, including 
        reports--</DELETED>
                <DELETED>    ``(A) revising the report required under 
                paragraph (1);</DELETED>
                <DELETED>    ``(B) analyzing the accuracy of the 
                projections of the Office of economic factors, total 
                outlays, revenues, surpluses or deficits, and 
                debt;</DELETED>
                <DELETED>    ``(C) analyzing the accuracy of estimates, 
                comparisons, or descriptions, or components thereof, 
                that the Office prepared for legislation that has been 
                enacted; and</DELETED>
                <DELETED>    ``(D) updating economic projections, 
                including projections of the ratio of the debt held by 
                the public to the gross domestic product of the United 
                States.''; and</DELETED>
        <DELETED>    (2) by adding at the end the following:</DELETED>
        <DELETED>    ``(4) On or before December 20 of each year, the 
        Director shall submit to the Committee on the Budget of the 
        House of Representatives and the Committee on Fiscal Control 
        and the Budget of the Senate a report on--</DELETED>
                <DELETED>    ``(A) planned and recent transparency 
                efforts, including proposals on making supporting 
                documents covering methods and assumptions used in 
                analyses and cost estimates publicly available; 
                and</DELETED>
                <DELETED>    ``(B) the feasibility of placing 
                interactive models online and releasing source code for 
                computer programs used in its analysis.</DELETED>
        <DELETED>    ``(5) On or before January 15 of each year, the 
        Director shall submit to the Committee on the Budget of the 
        House of Representatives and the Committee on Fiscal Control 
        and the Budget of the Senate 1 or more reports analyzing the 
        accuracy of the projections of the Office of total outlays and 
        revenues for the previous fiscal year.</DELETED>
        <DELETED>    ``(6)(A) The Director shall, to the extent 
        practicable, make public supplemental information for estimates 
        provided by the Office--</DELETED>
                <DELETED>    ``(i) in the case of major legislation 
                described in subparagraph (B)(i)(I), not later than 1 
                year after the date of enactment of that legislation; 
                and</DELETED>
                <DELETED>    ``(ii) in the case of major legislation 
                described in subparagraph (B)(i)(II), at a date 
                prescribed by the Chairman of the Committee on Fiscal 
                Control and the Budget of the Senate or the Committee 
                on the Budget of the House of 
                Representatives.</DELETED>
        <DELETED>    ``(B) In this paragraph:</DELETED>
                <DELETED>    ``(i) The term `major legislation' means a 
                bill, joint resolution, conference report, amendment, 
                amendment between the Houses, or treaty considered in 
                the Senate for which an estimate was prepared pursuant 
                to section 402(a)--</DELETED>
                        <DELETED>    ``(I) that--</DELETED>
                                <DELETED>    ``(aa) was enacted; 
                                and</DELETED>
                                <DELETED>    ``(bb) causes a gross 
                                budgetary effect (before incorporating 
                                macroeconomic effects and not including 
                                timing shifts) in a fiscal year in the 
                                period of years of the most recently 
                                agreed to concurrent resolution on the 
                                budget equal to or greater than--
                                </DELETED>
                                        <DELETED>    ``(AA) 0.25 
                                        percent of the current 
                                        projected gross domestic 
                                        product of the United States 
                                        for that fiscal year; 
                                        or</DELETED>
                                        <DELETED>    ``(BB) for a 
                                        treaty, equal to or greater 
                                        than $15,000,000,000 for that 
                                        fiscal year; or</DELETED>
                        <DELETED>    ``(II) designated as such by the 
                        Chairman of the Committee on Fiscal Control and 
                        the Budget of the Senate or the Chairman of the 
                        Committee on the Budget of the House of 
                        Representatives.</DELETED>
                <DELETED>    ``(ii) The term `supplemental 
                information'--</DELETED>
                        <DELETED>    ``(I) means the principal 
                        information used in estimating the costs and 
                        other fiscal or economic effects of major 
                        legislation; and</DELETED>
                        <DELETED>    ``(II) includes key fiscal or 
                        policy models, assumptions, data preparation 
                        routines, and other similar 
                        information.''.</DELETED>
<DELETED>    (b) Applicability.--This amendments made by this section 
shall apply to estimates made on or after the date of enactment of this 
Act.</DELETED>

<DELETED>SEC. 602. REPORTING ON INTEREST EFFECTS AND BUDGETARY 
              EFFECTS.</DELETED>

<DELETED>    (a) In General.--Section 402 of the Congressional Budget 
Act of 1974 (2 U.S.C. 653) is amended--</DELETED>
        <DELETED>    (1) in the matter preceding paragraph (1)--
        </DELETED>
                <DELETED>    (A) by inserting ``(a)'' before ``The 
                Director''; and</DELETED>
                <DELETED>    (B) by striking ``except the Committee on 
                Appropriations of each House'' and inserting ``except 
                that, for the Committee on Appropriations of each 
                House, the Director shall prepare a report only with 
                respect to a supplemental appropriation bill (which 
                shall include an estimate of the interest effects of 
                the bill)'';</DELETED>
        <DELETED>    (2) in paragraph (1)--</DELETED>
                <DELETED>    (A) by striking ``4'' and inserting ``9''; 
                and</DELETED>
                <DELETED>    (B) by inserting before the semicolon at 
                the end the following: ``, which shall include, and 
                appear as supplemental information in the estimate, 
                year-by-year estimates of the cost of servicing the 
                debt produced as a result of carrying out such bill or 
                resolution'';</DELETED>
        <DELETED>    (3) in the undesignated matter following 
        subsection (a)(3), as so designated, by inserting ``(b)'' 
        before ``The estimates''; and</DELETED>
        <DELETED>    (4) by adding at the end the following:</DELETED>
<DELETED>    ``(c) The Director of the Congressional Budget Office 
shall, to the extent practicable, prepare for each bill or resolution 
of a public character reported by the Committee on Appropriations of 
each House and submit to such committee--</DELETED>
        <DELETED>    ``(1) an estimate of the costs that would be 
        incurred in carrying out such bill or resolution in the fiscal 
        year in which the bill or resolution is to become 
        effective;</DELETED>
        <DELETED>    ``(2) an estimate of the costs for any advance 
        appropriations in the bill or resolution for the fiscal year in 
        which the budget authority for those appropriations first 
        becomes effective; and</DELETED>
        <DELETED>    ``(3) a year-by-year estimate for any provision of 
        the bill or resolution that would have been estimated as 
        affecting direct spending or receipts under section 252 of the 
        Balanced Budget and Emergency Deficit Control Act of 1985 (2 
        U.S.C. 902) (as in effect prior to September 30, 2002) if the 
        provision was included in legislation other than an 
        appropriation Act.''.</DELETED>
<DELETED>    (b) Applicability.--This amendments made by this section 
shall apply to estimates made on or after the date of enactment of this 
Act.</DELETED>

<DELETED>SEC. 603. PORTFOLIO BUDGETING.</DELETED>

<DELETED>    (a) In General.--Section 202(e) of the Congressional 
Budget Act of 1974 (2 U.S.C. 602(e)), as amended by section 601 of this 
Act, is amended by adding at the end the following:</DELETED>
        <DELETED>    ``(7)(A) After November 15 of each year, the 
        Director shall submit to the Committee on Fiscal Control and 
        the Budget of the Senate and the Committee on the Budget of the 
        House of Representatives a report that includes--</DELETED>
                <DELETED>    ``(i) a list of all accounts in each 
                functional category in the portfolio for the respective 
                fiscal year described in subparagraph (B);</DELETED>
                <DELETED>    ``(ii) levels of budget authority for the 
                previous 5 fiscal years for each account in each 
                functional category, sorted by discretionary and 
                mandatory amounts;</DELETED>
                <DELETED>    ``(iii) a list of major trust funds in 
                each portfolio and an accounting of the most recently 
                available projection of spending and nongovernmental 
                receipts dedicated to each trust fund;</DELETED>
                <DELETED>    ``(iv) the projected date of exhaustion 
                under current law for any entitlement authority derived 
                from a trust fund;</DELETED>
                <DELETED>    ``(v) options to reduce the deficit 
                focused on the major functional categories in the 
                portfolio; and</DELETED>
                <DELETED>    ``(vi) an analysis of various alternative 
                scenarios affecting major accounts in each such 
                portfolio and the potential budgetary and economic 
                ramifications.</DELETED>
        <DELETED>    ``(B) The portfolio described in this subparagraph 
        shall include the following major functional 
        categories:</DELETED>
                <DELETED>    ``(i) For the first fiscal year beginning 
                after the date of enactment of this paragraph--
                </DELETED>
                        <DELETED>    ``(I) National Defense 
                        (050);</DELETED>
                        <DELETED>    ``(II) International Affairs 
                        (150);</DELETED>
                        <DELETED>    ``(III) Veterans Benefits and 
                        Services (700); and</DELETED>
                        <DELETED>    ``(IV) Administration of Justice 
                        (750).</DELETED>
                <DELETED>    ``(ii) For the second fiscal year 
                beginning after the date of enactment of this 
                paragraph--</DELETED>
                        <DELETED>    ``(I) Health (550); and</DELETED>
                        <DELETED>    ``(II) Medicare (570).</DELETED>
                <DELETED>    ``(iii) For the third fiscal year 
                beginning after the date of enactment of this 
                paragraph--</DELETED>
                        <DELETED>    ``(I) General Science, Space, and 
                        Technology (250);</DELETED>
                        <DELETED>    ``(II) Transportation 
                        (400);</DELETED>
                        <DELETED>    ``(III) Community and Regional 
                        Development (450); and</DELETED>
                        <DELETED>    ``(IV) Education, Training, 
                        Employment, and Social Services 
                        (500).</DELETED>
                <DELETED>    ``(iv) For the fourth fiscal year 
                beginning after the date of enactment of this 
                paragraph--</DELETED>
                        <DELETED>    ``(I) Energy (270);</DELETED>
                        <DELETED>    ``(II) Natural Resources and 
                        Environment (300);</DELETED>
                        <DELETED>    ``(III) Agriculture (350); 
                        and</DELETED>
                        <DELETED>    ``(IV) General Government 
                        (800).</DELETED>
                <DELETED>    ``(v) For the fifth fiscal year beginning 
                after the date of enactment of this paragraph--
                </DELETED>
                        <DELETED>    ``(I) Commerce and Housing Credit 
                        (370);</DELETED>
                        <DELETED>    ``(II) Income Security (600); 
                        and</DELETED>
                        <DELETED>    ``(III) Social Security 
                        (650).</DELETED>
        <DELETED>    ``(C) For the sixth fiscal year and subsequent 
        fiscal years beginning after the date of enactment of this 
        paragraph, each portfolio shall include the same functional 
        categories and submitted in the same order as the portfolios 
        described in subparagraph (B).''.</DELETED>
<DELETED>    (b) GAO Report.--On or before November 15 of each year, 
the Comptroller General shall submit to the Committee on Fiscal Control 
and the Budget of the Senate and the Committee on the Budget of the 
House of Representatives a report with respect to the portfolios 
described in paragraph (7)(B) of 202(e) of the Congressional Budget Act 
of 1974 (2 U.S.C. 602(e)), as added by subsection (a) of this section, 
for the major functional categories in each portfolio, to be submitted 
in the order described in that paragraph, that includes--</DELETED>
        <DELETED>    (1) a list of duplicative, overlapping, and 
        fragmented accounts in each portfolio, taking into 
        consideration the goals of each account;</DELETED>
        <DELETED>    (2) a list of any high-risk programs in the 
        portfolio;</DELETED>
        <DELETED>    (3) a list of programs with a primary source of 
        funding that has moved from direct spending to discretionary 
        spending or program funding that has moved from discretionary 
        spending to direct spending;</DELETED>
        <DELETED>    (4) an analysis of various alternative scenarios 
        affecting major accounts in each such portfolio and the 
        potential budgetary and economic ramifications; and</DELETED>
        <DELETED>    (5) legislative and funding history for the 10 
        largest accounts with greater than $1,000,000,000 in budget 
        authority with the greatest percentage of budget authority 
        fluctuations in each portfolio over the most recent 5-year 
        period.</DELETED>

<DELETED>SEC. 604. BUDGET CONTENTS AND SUBMISSION TO 
              CONGRESS.</DELETED>

<DELETED>    Section 1105(a) of title 31, United States Code, is 
amended by adding at the end the following:</DELETED>
        <DELETED>    ``(40) a separate volume for proposals relating to 
        each portfolio for the relevant fiscal year described in 
        paragraph (7)(B) of section 202(e) of the Congressional Budget 
        Act of 1974 (2 U.S.C. 602(e)), which shall include 
        justifications for any change to a Government activity or 
        function.''.</DELETED>

      <DELETED>TITLE VII--MODIFICATION OF CONSIDERATION OF BUDGET 
                          RESOLUTION</DELETED>

<DELETED>SEC. 701. MODIFICATION OF CONSIDERATION OF BUDGET 
              RESOLUTION.</DELETED>

<DELETED>    Section 305(b) of the Congressional Budget Act of 1974 (2 
U.S.C. 636(b)) is amended--</DELETED>
        <DELETED>    (1) in the subsection heading, by striking 
        ``Debate'' and inserting ``Consideration'';</DELETED>
        <DELETED>    (2) in paragraph (1)--</DELETED>
                <DELETED>    (A) in the first sentence--</DELETED>
                        <DELETED>    (i) by striking ``Debate in the 
                        Senate on'' and inserting ``Consideration in 
                        the Senate of''; and</DELETED>
                        <DELETED>    (ii) by striking ``such debate'' 
                        and inserting ``such consideration''; 
                        and</DELETED>
                <DELETED>    (B) by inserting after the first sentence 
                the following: ``Up to 15 minutes of the time elapsed 
                during each vote by the Senate in relation to an 
                amendment to or motion on a concurrent resolution on 
                the budget shall be counted in determining the period 
                of consideration of the resolution by the 
                Senate.'';</DELETED>
        <DELETED>    (3) in paragraph (2), by striking ``2 hours'' and 
        inserting ``1 hour'';</DELETED>
        <DELETED>    (4) in paragraph (3)--</DELETED>
                <DELETED>    (A) by inserting ``(A)'' before 
                ``Following'';</DELETED>
                <DELETED>    (B) by striking ``four hours'' and 
                inserting ``2 hours''; and</DELETED>
                <DELETED>    (C) by adding at the end the 
                following:</DELETED>
        <DELETED>    ``(B) Following the expiration of the period 
        described in subparagraph (A), consideration with respect to 
        amendments to the resolution shall be in order. General debate 
        in the Senate on a concurrent resolution on the budget shall be 
        limited to 20 hours, which shall include the 2-hour period 
        described in subparagraph (A), with all remaining time for 
        consideration reserved for amendments. Amendments shall be 
        nondivisible. Consideration of amendments to a concurrent 
        resolution on the budget shall alternate between those offered 
        by members of the majority and those offered by members of the 
        minority.'';</DELETED>
        <DELETED>    (5) in paragraph (5), by adding at the end the 
        following: ``A motion to table such a motion to recommit shall 
        be in order at any time.'';</DELETED>
        <DELETED>    (6) by redesignating paragraph (6) as paragraph 
        (7); and</DELETED>
        <DELETED>    (7) by inserting after paragraph (5) the 
        following:</DELETED>
        <DELETED>    ``(6) After the conclusion of the period for 
        consideration of a concurrent resolution on the budget, the 
        Senate shall proceed, without any further debate on any 
        question, to vote on the final disposition thereof to the 
        exclusion of all amendments not then actually pending before 
        the Senate at that time and to the exclusion of all motions, 
        except a motion to table or to reconsider and 1 quorum call on 
        demand to establish the presence of a quorum (and motions 
        required to establish a quorum) immediately before the vote on 
        adoption of the concurrent resolution on the budget 
        begins.''.</DELETED>

             <DELETED>TITLE VIII--EFFECTIVE DATE</DELETED>

<DELETED>SEC. 801. EFFECTIVE DATE; APPLICABILITY.</DELETED>

<DELETED>    Except as provided in sections 504, 601(b), and 602(b), 
this Act and the amendments made by this Act shall--</DELETED>
        <DELETED>    (1) take effect on the date of enactment of this 
        Act; and</DELETED>
        <DELETED>    (2) apply with respect to fiscal year 2022 and 
        each fiscal year thereafter.</DELETED>

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Bipartisan Congressional Budget 
Reform Act''.

SEC. 2. TABLE OF CONTENTS.

    The table of contents for this Act is as follows:

Sec. 1. Short title.
Sec. 2. Table of contents.

                TITLE I--BUDGET TIMELINE AND INFORMATION

Sec. 101. Revision of timetable.
Sec. 102. Budget submissions by the President.
Sec. 103. Baseline construction.
Sec. 104. Report on debt-to-GDP targets.

   TITLE II--BIENNIAL BUDGETING, CONTENTS OF BUDGET RESOLUTION, AND 
                           BIPARTISAN BUDGETS

Sec. 201. Biennial budgeting generally.
Sec. 202. Contents of concurrent resolution on the budget.
Sec. 203. Additional matters relating to concurrent resolution.
Sec. 204. Committee allocations.
Sec. 205. Section 303 point of order.
Sec. 206. Permissible revisions of concurrent resolutions on the 
                            budget.
Sec. 207. Procedures for consideration of budget resolutions.
Sec. 208. Completion of House action on appropriation bills.
Sec. 209. Reconciliation process.
Sec. 210. Section 311 point of order.
Sec. 211. Maximum deficit amount point of order.

         TITLE III--COMMITTEE ON FISCAL CONTROL AND THE BUDGET

Sec. 301. Committee on Fiscal Control and the Budget of the Senate.
Sec. 302. Technical and conforming amendments.
Sec. 303. References.

             TITLE IV--SPECIAL RECONCILIATION INSTRUCTIONS

Sec. 401. Special reconciliation instructions.

      TITLE V--CONGRESSIONAL BUDGET ENFORCEMENT AND ACCOUNTABILITY

Sec. 501. Up-to-date tabulations of congressional budget action.
Sec. 502. Surgical strike point of order relating to legislation 
                            dealing with the congressional budget.
Sec. 503. Global waiver for general budget points of order.
Sec. 504. Point of order against certain changes in mandatory programs 
                            affecting the Crime Victims Fund.
Sec. 505. Impoundments.
Sec. 506. Effective date.

                           TITLE VI--REPORTS

Sec. 601. Reports to the Committee on Fiscal Control and the Budget of 
                            the Senate and the Committee on the Budget 
                            of the House of Representatives.
Sec. 602. Reporting on interest effects and budgetary effects.
Sec. 603. Portfolio budgeting.
Sec. 604. Budget contents and submission to Congress.

     TITLE VII--MODIFICATION OF CONSIDERATION OF BUDGET RESOLUTION

Sec. 701. Modification of consideration of budget resolution.

                       TITLE VIII--EFFECTIVE DATE

Sec. 801. Effective date; applicability.

                TITLE I--BUDGET TIMELINE AND INFORMATION

SEC. 101. REVISION OF TIMETABLE.

    Section 300 of the Congressional Budget Act of 1974 (2 U.S.C. 631) 
is amended to read as follows:

``SEC. 300. TIMETABLE.

    ``(a) In General.--Except as provided in subsection (b), the 
timetable with respect to the congressional budget process for any 
Congress is as follows:


                                                 ``First Session
On or before:                             Action to be completed:
First Monday in February................  President submits budget recommendations.
February 15.............................  Congressional Budget Office submits report to the Committee on the
                                           Budget of the House of Representatives and the Committee on Fiscal
                                           Control and the Budget of the Senate.
March 1.................................  Committees submit views and estimates to the Committee on the Budget
                                           of the House of Representatives and the Committee on Fiscal Control
                                           and the Budget of the Senate.
April 1.................................  Committee on Fiscal Control and the Budget of the Senate reports
                                           concurrent resolution on the biennial budget.
May 15..................................  Congress completes action on concurrent resolution on the biennial
                                           budget.
May 15..................................  Appropriation bills may be considered in the House of Representatives.
June 10.................................  Committee on Appropriations of the House of Representatives reports
                                           last appropriation bill.
June 30.................................  House of Representatives completes action on appropriation bills.
October 1...............................  First fiscal year of biennium begins.
December 1..............................  President submits an administrative budget.
 



                                                ``Second Session
On or before:                             Action to be completed:
February 15.............................  Congressional Budget Office submits report to the Committee on the
                                           Budget of the House of Representatives and the Committee on Fiscal
                                           Control and the Budget of the Senate.
February 15.............................  Congressional Budget Office releases report on achieving debt-to-GDP
                                           ratio.
March 15................................  President submits budget update for the second fiscal year of the
                                           biennium.
April 15................................  Committee on Fiscal Control and the Budget of the Senate reports a
                                           special reconciliation resolution.
May 15..................................  Committees submit recommendations for special reconciliation bill.
May 15..................................  Appropriation bills may be considered in the House of Representatives.
June 10.................................  Committee on Appropriations of the House of Representatives reports
                                           last appropriation bill.
June 30.................................  House of Representatives completes action on appropriation bills.
July 30.................................  Congress completes action on special reconciliation bill.
October 1...............................  Second fiscal year of biennium begins
December 1..............................  President submits an administrative budget.
 

    ``(b) Special Rule for Certain First Sessions.--In the case of any 
first session of Congress that begins in any year immediately following 
a leap year and during which the term of a President (except a 
President who succeeds himself or herself) begins, the following dates 
shall supersede those set forth in subsection (a):


                                                 ``First Session
On or before:                             Action to be completed:
First Monday in April...................  President submits budget recommendations.
April 15................................  Congressional Budget Office submits report to the Committee on the
                                           Budget of the House of Representatives and the Committee on Fiscal
                                           Control and the Budget of the Senate.
May 1...................................  Committees submit views and estimates to the Committee on the Budget
                                           of the House of Representatives and the Committee on Fiscal Control
                                           and the Budget of the Senate.
June 1..................................  Committee on Fiscal Control and the Budget of the Senate reports
                                           concurrent resolution on the biennial budget.
June 15.................................  Congress completes action on concurrent resolution on the biennial
                                           budget.
June 15.................................  Appropriation bills may be considered in the House of Representatives.
June 30.................................  Committee on Appropriations of the House of Representatives reports
                                           last appropriation bill.
July 15.................................  House of Representatives completes action on appropriation bills.
October 1...............................  First fiscal year of biennium begins.
December 1..............................  President submits an administrative budget.''.
 

SEC. 102. BUDGET SUBMISSIONS BY THE PRESIDENT.

    (a) Definition.--Section 1101 of title 31, United States Code, is 
amended by adding at the end the following:
            ``(3) `biennium' has the meaning given that term in 
        paragraph (12) of section 3 of the Congressional Budget and 
        Impoundment Control Act of 1974 (2 U.S.C. 622).''.
    (b) Budget Contents and Submission to the Congress.--
            (1) Schedule.--The matter preceding paragraph (1) in 
        section 1105(a) of title 31, United States Code, is amended to 
        read as follows:
    ``(a) On or before the first Monday in February of each odd-
numbered year (or, if applicable under section 300(b) of the 
Congressional Budget Act of 1974 (2 U.S.C. 631(b)), the first Monday in 
April of an odd-numbered year), the President shall transmit to the 
Congress, the budget for the biennium beginning on October 1 of such 
calendar year. The budget of the United States Government transmitted 
under this subsection shall include a budget message and summary and 
supporting information. The President shall include in each budget the 
following:''.
            (2) Expenditures.--Section 1105(a)(5) of title 31, United 
        States Code, is amended by striking ``the fiscal year for which 
        the budget is submitted and the 4 fiscal years after that 
        year'' and inserting ``each fiscal year in the biennium for 
        which the budget is submitted and in the succeeding 4 fiscal 
        years''.
            (3) Receipts.--Section 1105(a)(6) of title 31, United 
        States Code, is amended by striking ``the fiscal year for which 
        the budget is submitted and the 4 fiscal years after that 
        year'' and inserting ``each fiscal year in the biennium for 
        which the budget is submitted and in the succeeding 4 years''.
            (4) Balance statements.--Section 1105(a)(9)(C) of title 31, 
        United States Code, is amended by striking ``the fiscal year'' 
        and inserting ``each fiscal year in the biennium''.
            (5) Functions and activities.--Section 1105(a)(12) of title 
        31, United States Code, is amended--
                    (A) in subparagraph (A), by striking ``the fiscal 
                year'' and inserting ``each fiscal year in the 
                biennium''; and
                    (B) in subparagraph (B), by striking ``that year'' 
                and inserting ``that biennium''.
            (6) Allowances.--Section 1105(a)(13) of title 31, United 
        States Code, is amended by striking ``the fiscal year'' and 
        inserting ``each fiscal year in the biennium''.
            (7) Allowances for uncontrolled expenditures.--Section 
        1105(a)(14) of title 31, United States Code, is amended by 
        striking ``that year'' and inserting ``each fiscal year in the 
        biennium for which the budget is submitted''.
            (8) Tax expenditures.--Section 1105(a)(16) of title 31, 
        United States Code, is amended by striking ``the fiscal year'' 
        and inserting ``each fiscal year in the biennium''.
            (9) Future years.--Section 1105(a)(17) of title 31, United 
        States Code, is amended--
                    (A) by striking ``the fiscal year following the 
                fiscal year'' and inserting ``each fiscal year in the 
                biennium following the biennium'';
                    (B) by striking ``that following fiscal year'' and 
                inserting ``each such fiscal year''; and
                    (C) by striking ``fiscal year before the fiscal 
                year'' and inserting ``biennium before the biennium''.
            (10) Prior year outlays.--Section 1105(a)(18) of title 31, 
        United States Code, is amended--
                    (A) by striking ``the prior fiscal year'' and 
                inserting ``each of the 2 most recently completed 
                fiscal years'';
                    (B) by striking ``for that year'' and inserting 
                ``with respect to those fiscal years''; and
                    (C) by striking ``in that year'' and inserting ``in 
                those fiscal years''.
            (11) Prior year receipts.--Section 1105(a)(19) of title 31, 
        United States Code, is amended--
                    (A) by striking ``the prior fiscal year'' and 
                inserting ``each of the 2 most recently completed 
                fiscal years'';
                    (B) by striking ``for that year'' and inserting 
                ``with respect to those fiscal years''; and
                    (C) by striking ``in that year'' each place it 
                appears and inserting ``in those fiscal years''.
            (12) Homeland security.--Section 1105(a)(35)(A)(i) of title 
        31, United States Code, is amended, in the matter preceding 
        subclause (I), by striking ``the fiscal years for which the 
        budget is submitted'' and inserting ``each fiscal year in the 
        biennium for which the budget is submitted''.
            (13) EESA.--Section 1105(a)(36) of title 31, United States 
        Code, is amended, in the matter preceding subparagraph (A), by 
        striking ``the fiscal year for which the budget is submitted'' 
        and inserting ``each fiscal year in the biennium for which the 
        budget is submitted''.
            (14) Veterans health.--Section 1105(a)(37) of title 31, 
        United States Code, is amended, in the matter preceding 
        subparagraph (A), by striking ``the fiscal year for which the 
        budget is submitted'' and inserting ``each fiscal year in the 
        biennium for which the budget is submitted''.
    (c) Recommendations To Meet Estimated Deficiencies.--Section 
1105(c) of title 31, United States Code, is amended--
            (1) by striking ``the fiscal year for'' the first place it 
        appears and inserting ``each fiscal year in the biennium for'';
            (2) by striking ``the fiscal year for'' the second place it 
        appears and inserting ``each fiscal year of the biennium, as 
        the case may be, for''; and
            (3) by striking ``for that year'' and inserting ``for each 
        fiscal year of the biennium''.
    (d) Capital Investment Analysis.--Section 1105(e)(1) of title 31, 
United States Code, is amended, in the matter preceding subparagraph 
(A), by striking ``ensuing fiscal year'' and inserting ``biennium to 
which such budget relates''.
    (e) Supplemental Budget Estimates and Changes.--
            (1) In general.--Section 1106(a) of title 31, United States 
        Code, is amended--
                    (A) in the matter preceding paragraph (1), by 
                striking ``fiscal year'' and inserting ``biennium'';
                    (B) in paragraph (1), in the matter preceding 
                subparagraph (A), by striking ``that fiscal year'' and 
                inserting ``each fiscal year in such biennium'';
                    (C) in paragraph (2), by striking ``fiscal year'' 
                and inserting ``biennium''; and
                    (D) in paragraph (3), by striking ``fiscal year'' 
                and inserting ``biennium''.
            (2) Changes.--Section 1106(b) of title 31, United States 
        Code, is amended by striking ``the fiscal year'' and inserting 
        ``each fiscal year in the biennium''.
    (f) Administrative Budget.--Section 1106 of title 31, United States 
Code, is amended by adding at the end the following:
    ``(d)(1) On or before December 1 of each calendar year, the 
President shall submit to Congress an administrative budget for the 
fiscal year beginning in the ensuing calendar year, which shall 
include--
            ``(A) up-to-date estimates for current year and prior year 
        data; and
            ``(B) credit reestimates for the current year (as included 
        in the Federal credit supplement of such budget).
    ``(2) Upon request of the Director of the Congressional Budget 
Office, agencies and other entities included within the budget shall 
immediately provide to the Congressional Budget Office all related 
backup tables and other supporting information, including underlying 
data, assumptions, and related information used in connection with 
creating the budget and estimates.''.
    (g) Current Programs and Activities Estimates.--Section 1109(a) of 
title 31, United States Code, is amended--
            (1) by striking ``On or before the first Monday after 
        January 3 of each year (on or before February 5 in 1986)'' and 
        inserting ``At the same time as the budget required by section 
        1105 is submitted for a biennium''; and
            (2) by striking ``the following fiscal year'' and inserting 
        ``each fiscal year of such period''.
    (h) Year-Ahead Requests for Authorizing Legislation.--Section 1110 
of title 31, United States Code, is amended by--
            (1) striking ``May 16'' and inserting ``March 31''; and
            (2) striking ``year before the year in which the fiscal 
        year begins'' and inserting ``calendar year preceding the 
        calendar year in which the biennium begins''.

SEC. 103. BASELINE CONSTRUCTION.

    Section 257(c) of the Balanced Budget and Emergency Deficit Control 
Act of 1985 (2 U.S.C. 907(c)) is amended to read as follows:
    ``(c) Exclusion of Exempted Spending.--For the budget year and each 
outyear, the baseline shall be calculated by assuming that 
appropriations receiving designations under section 251(b)(2)(A) or 
designations created through a concurrent resolution on the budget that 
exempts designated spending from enforcement under section 302 or 
section 311 of the Congressional Budget Act of 1974 (2 U.S.C. 633, 642) 
shall not continue.''.

SEC. 104. REPORT ON DEBT-TO-GDP TARGETS.

    Section 202 of the Congressional Budget Act of 1974 (2 U.S.C. 602) 
is amended by adding at the end the following:
    ``(h) Report on Debt-to-GDP Target.--
            ``(1) In general.--Not later than February 15 of each even-
        numbered year, the Director shall make publicly available a 
        report estimating whether the target for the ratio of the debt 
        held by the public to the gross domestic product of the United 
        States by the end of the last fiscal year covered by the most 
        recently agreed to concurrent resolution on the budget will be 
        achieved.
            ``(2) Discretionary appropriations.--In producing each 
        estimate described in paragraph (1), the Director shall assume 
        discretionary appropriations are made available in the amounts 
        specified under the most recently agreed to concurrent 
        resolution on the budget.
            ``(3) Deficit reduction.--For each report made available 
        under paragraph (1), the Director--
                    ``(A) shall include an estimate of the level of 
                deficit reduction required to achieve the target for 
                the ratio of the debt held by the public to the gross 
                domestic product of the United States by the end of the 
                last fiscal year covered by the most recently agreed to 
                concurrent resolution on the budget; and
                    ``(B) in estimating the level of deficit reduction 
                required, shall account for interest effects by 
                reducing the target by the percentage equal to percent 
                of deficit reduction stemming from interest changes 
                assumed in the most recently agreed to concurrent 
                resolution on the budget.''.

   TITLE II--BIENNIAL BUDGETING, CONTENTS OF BUDGET RESOLUTION, AND 
                           BIPARTISAN BUDGETS

SEC. 201. BIENNIAL BUDGETING GENERALLY.

    (a) Declaration of Purpose.--Section 2(2) of the Congressional 
Budget and Impoundment Control Act of 1974 (2 U.S.C. 621(2)) is amended 
by striking ``each year'' and inserting ``biennially''.
    (b) Definitions.--
            (1) Budget resolution.--Section 3(4) of the Congressional 
        Budget and Impoundment Control Act of 1974 (2 U.S.C. 622(4)) is 
        amended by striking ``fiscal year'' each place it appears and 
        inserting ``biennium''.
            (2) Biennium.--Section 3 of the Congressional Budget and 
        Impoundment Control Act of 1974 (2 U.S.C. 622) is amended by 
        adding at the end the following:
            ``(12) The term `biennium' means the period of 2 
        consecutive fiscal years beginning on October 1 of any odd-
        numbered year.''.

SEC. 202. CONTENTS OF CONCURRENT RESOLUTION ON THE BUDGET.

    (a) Section Heading.--The section heading of section 301 of the 
Congressional Budget Act of 1974 (2 U.S.C. 632) is amended by striking 
``annual'' and inserting ``biennial''.
    (b) Contents of Resolution Generally.--Section 301(a) of the 
Congressional Budget Act of 1974 (2 U.S.C. 632(a)) is amended--
            (1) by striking the matter preceding paragraph (1) and 
        inserting the following:
    ``(a) Content of Concurrent Resolution on the Budget.--On or before 
May 15 of each odd-numbered year (or, if applicable under section 
300(b), June 15 of an odd-numbered year), Congress shall complete 
action on a concurrent resolution on the budget for the biennium 
beginning on October 1 of such year. The concurrent resolution shall--
'';
            (2) by redesignating paragraphs (1) through (7) as 
        subparagraphs (A) through (G), respectively, and adjusting the 
        margins accordingly;
            (3) by inserting before subparagraph (A), as so 
        redesignated, the following:
            ``(1) for any concurrent resolution on the budget, set 
        forth appropriate levels for each fiscal year in such biennium 
        and for at least each fiscal year of each of the ensuing 2 
        bienniums for the following--'';
            (4) in paragraph (1)(D), as so redesignated, by striking 
        ``paragraph (1)'' and inserting ``subparagraph (A)'';
            (5) in paragraph (1)(F), as so redesignated, by striking 
        ``for the fiscal year'' and inserting ``for each fiscal year in 
        the biennium'';
            (6) in paragraph (1)(G), as so redesignated--
                    (A) by striking ``for the fiscal year'' and 
                inserting ``for each fiscal year in the biennium''; and
                    (B) by striking the period at the end and inserting 
                a semicolon; and
            (7) by inserting before the matter following paragraph 
        (1)(G), as so redesignated, the following:
            ``(2) for any concurrent resolution on the budget, include, 
        in accordance with section 316, a clear statement of the 
        appropriate level for the debt subject to limit under section 
        3101 of title 31, United States Code, as of the end of the 
        second fiscal year of the biennium of the concurrent resolution 
        on the budget;''.
    (c) Bipartisan Budget Resolution.--
            (1) Definition.--Section 3 of the Congressional Budget and 
        Impoundment Control Act of 1974 (2 U.S.C. 622), as amended by 
        section 201, is further amended by adding at the end the 
        following:
            ``(13) The term `bipartisan budget resolution' means a 
        concurrent resolution on the budget for a biennium that--
                    ``(A) meets the requirements under section 301; and
                    ``(B) is ordered reported to the Senate by the 
                Committee on Fiscal Control and the Budget of the 
                Senate by an affirmative vote of not less than half of 
                the Senators that are members of the majority party in 
                the Senate and not less than half of the Senators that 
                are members of the minority party in the Senate.''.
            (2) Contents.--Section 301(a) of the Congressional Budget 
        Act of 1974 (2 U.S.C. 632(a)) is amended by inserting after 
        paragraph (2), as added by subsection (b) of this section, the 
        following:
            ``(3) for a bipartisan budget resolution, include--
                    ``(A) in accordance with section 316, a clear 
                statement of the appropriate level for the 
                discretionary spending limit for each fiscal year of 
                the biennium of the concurrent resolution on the 
                budget;
                    ``(B) the amount of health care spending by the 
                Government;
                    ``(C) the amount of tax expenditures;
                    ``(D) the amount of discretionary appropriations 
                (as defined in section 250 of the Balanced Budget and 
                Emergency Deficit Control Act of 1985 (2 U.S.C. 900)); 
                and
                    ``(E) the amount of revenues;''.
            (3) Consideration of bipartisan budget resolutions.--
        Section 305 of the Congressional Budget Act of 1974 (2 U.S.C. 
        636) is amended by adding at the end the following:
    ``(e) Procedures in the Senate for Bipartisan Budget Resolutions.--
            ``(1) Other expedited process.--
                    ``(A) In general.--Subject to subparagraph (B), in 
                the Senate, upon the agreement of the majority leader 
                and the minority leader, additional procedures to 
                expedite consideration of a bipartisan budget 
                resolution shall apply to consideration of the 
                bipartisan budget resolution. The majority leader shall 
                submit a written statement for the Congressional Record 
                reflecting any agreement described in this paragraph.
                    ``(B) Inclusion and exclusion.--An agreement 
                described in this paragraph--
                            ``(i) may include limiting the number of 
                        amendments upon which the Senate shall vote; 
                        and
                            ``(ii) may not include the waiver of any 
                        points of order.
            ``(2) Adoption.--
                    ``(A) In general.--In the Senate, a bipartisan 
                budget resolution shall only be agreed to--
                            ``(i) if it complies with section 3(13)(A); 
                        and
                            ``(ii) upon the affirmative vote of not 
                        less than--
                                    ``(I) three-fifths of the Members, 
                                duly chosen and sworn; and
                                    ``(II) 15 Members that are members 
                                of the minority party in the Senate.
                    ``(B) Not agreed to.--If a bipartisan budget 
                resolution is not agreed to in accordance with 
                subparagraph (A), the Senate shall be deemed to have 
                agreed to a motion to recommit the bipartisan budget 
                resolution to the Committee on Fiscal Control and the 
                Budget.
            ``(3) Conference reports and amendments between the 
        houses.--
                    ``(A) In general.--In the Senate, a conference 
                report or an amendment between the Houses on a 
                bipartisan budget resolution shall only be agreed to--
                            ``(i) if it complies with section 3(13)(A); 
                        and
                            ``(ii) upon the affirmative vote of not 
                        less than--
                                    ``(I) three-fifths of the Members, 
                                duly chosen and sworn; and
                                    ``(II) 15 Members that are members 
                                of the minority party in the Senate.
                    ``(B) Not agreed to.--If a conference report or an 
                amendment between the Houses on a bipartisan budget 
                resolution is not agreed to in accordance with 
                subparagraph (A), a motion to reconsider the conference 
                report or amendment between the Houses is in order in 
                accordance with rule XIII of the Standing Rules of the 
                Senate.''.
            (4) Reconciliation under bipartisan budget resolutions.--
        Section 310(e)(2) of the Congressional Budget Act of 1974 (2 
        U.S.C. 641(e)(2)) is amended--
                    (A) by inserting ``(A)'' before ``Debate''; and
                    (B) by adding at the end the following:
            ``(B) In the Senate, a reconciliation bill reported under 
        subsection (b) pursuant to reconciliation instructions in a 
        bipartisan budget resolution, a House amendment thereto, and a 
        conference report thereon shall be agreed to only upon the 
        affirmative vote of not less than--
                    ``(i) a majority of the Members voting, a quorum 
                being present; and
                    ``(ii) 15 Members that are members of the minority 
                party in the Senate.''.
            (5) Automatic adjustment of debt limit and statutory 
        caps.--Title III of the Congressional Budget Act of 1974 (2 
        U.S.C. 631 et seq.) is amended by adding at the end the 
        following:
    ``sec. 316. automatic adjustment of debt limit and statutory caps.
     ``(a) Definition.--In this section, the term `covered concurrent 
resolution on the budget'--
            ``(1) means a concurrent resolution on the budget for a 
        biennium adopted under section 301 that contains text in the 
        form specified under subsection (b) of this section applicable 
        to the type of concurrent resolution on the budget; and
            ``(2) does not include a concurrent resolution on the 
        budget described in section 304.
    ``(b) Form.--
            ``(1) In general.--For a concurrent resolution on the 
        budget that is not a bipartisan budget resolution, the form 
        specified in this subsection is that, other than any short 
        title, the first section of the concurrent resolution on the 
        budget shall consist of only the following: `For purposes of 
        section 316(c) of the Congressional Budget Act of 1974, 
        Congress specifies that section 3101(b) of title 31, United 
        States Code, shall be amended by striking the dollar amount and 
        inserting ``$______''.', the blank space being filled in with 
        the appropriate level for the debt subject to limit under 
        section 3101 of title 31, United States Code.
            ``(2) Bipartisan budget resolution.--
                    ``(A) In general.--For a concurrent resolution on 
                the budget that is a bipartisan budget resolution, the 
                form specified in this subsection is that, other than 
                any short title, the first section of the concurrent 
                resolution on the budget shall consist of only the 
                following: `For purposes of section 316(c) of the 
                Congressional Budget Act of 1974, Congress specifies 
                the following:
            `(1) Section 3101(b) of title 31, United States Code, shall 
        be amended by striking the dollar amount and inserting 
        ``$_______''.
            `(2) Section 251(c) of the Balanced Budget and Emergency 
        Deficit Control Act of 1985 (2 U.S.C. 901(c)) shall be amended 
        by inserting after paragraph (_) the following:
            ``(__) for fiscal year ___, for the discretionary category, 
        $________ in new budget authority; and
            ``(__) for fiscal year ___, for the discretionary category, 
        $________ in new budget authority;''.'.
                    ``(B) Blank spaces.--The blank spaces in paragraphs 
                (1) and (2) of such section, as described in 
                subparagraph (A) of this paragraph, shall be filled in 
                as follows:
                            ``(i) The first blank being filled in with 
                        the appropriate level for the debt subject to 
                        limit under section 3101 of title 31, United 
                        States Code.
                            ``(ii) The second blank being filled in 
                        with the number of the paragraph establishing 
                        the discretionary spending limit for the last 
                        fiscal year for which the discretionary 
                        spending limits are in effect under section 
                        251(c) of the Balanced Budget and Emergency 
                        Deficit Control Act of 1985 (2 U.S.C. 901(c)).
                            ``(iii) The third and sixth blanks being 
                        filled in with the paragraph numbers following 
                        the paragraph number specified in the second 
                        blank.
                            ``(iv) The fourth and seventh blanks being 
                        filled in with the fiscal years for which the 
                        level of the discretionary spending limits are 
                        being specified under the concurrent resolution 
                        on the budget.
                            ``(v) The fifth and eighth blanks being 
                        filled in with the amount of the discretionary 
                        spending limit for the discretionary category 
                        for the fiscal years described in the fourth 
                        and seventh blanks, respectively, being 
                        specified under the concurrent resolution on 
                        the budget.
    ``(c) Automatic Enrollment of Joint Resolution.--
            ``(1) In general.--Upon adoption by Congress of a covered 
        concurrent resolution on the budget, the Secretary of the 
        Senate shall prepare an engrossment of a joint resolution 
        consistent with the text included in the covered concurrent 
        resolution on the budget in the form specified under subsection 
        (b).
            ``(2) Senate.--Upon engrossment of a joint resolution under 
        paragraph (1), the vote by which the covered concurrent 
        resolution on the budget was finally agreed to in the Senate 
        shall also be considered as a vote on passage of the joint 
        resolution in the Senate, and the joint resolution shall be 
        considered as passed by the Senate and duly certified and 
        examined. The engrossed copy shall be signed by the Secretary 
        of the Senate and transmitted to the House of Representatives.
            ``(3) House of representatives.--Upon receipt of the 
        engrossed copy of a joint resolution under paragraph (2), the 
        vote by which the covered concurrent resolution on the budget 
        was finally agreed to in the House of Representatives shall 
        also be considered as a vote on passage of the joint resolution 
        in the House of Representatives, and the joint resolution shall 
        be considered as passed by the House of Representatives and 
        duly certified and examined. The Clerk of the House of 
        Representatives shall transmit the joint resolution to be 
        enrolled.
            ``(4) Enrolling.--Upon receipt of a joint resolution under 
        paragraph (3), the Enrolling Clerk of the Senate shall enroll 
        the joint resolution.
            ``(5) Vetoes.--If the President vetoes a joint resolution 
        enrolled under paragraph (4), in the Senate there shall be not 
        more than 1 hour of debate on the veto message, equally divided 
        between the majority and minority leaders or their 
        designees.''.
            (6) Bipartisan budget agreed to.--
                    (A) Definition.--In this paragraph, the term 
                ``bipartisan budget resolution'' has the meaning given 
                that term in paragraph (13) of section 3 of the 
                Congressional Budget and Impoundment Control Act of 
                1974 (2 U.S.C. 622), as added by this Act.
                    (B) Effect on motion to proceed to appropriation 
                bills.--If a bipartisan budget resolution is adopted by 
                the Senate and House of Representatives, a motion to 
                proceed to the consideration of an appropriation Act 
                referred to in section 105 of title 1, United States 
                Code, making appropriations for either fiscal year of 
                the biennium of the bipartisan budget resolution (which 
                shall not include a bill or joint resolution making 
                supplemental appropriations for such a fiscal year) or 
                a bill or joint resolution making continuing 
                appropriations for such a fiscal year shall not be 
                debatable.
                    (C) Minor violations.--If a bipartisan budget 
                resolution is adopted by the Senate and House of 
                Representatives, with respect to any fiscal year 
                covered by the bipartisan budget resolution, the 
                Chairman of the Committee on Fiscal Control and the 
                Budget may determine that a point of order does not lie 
                under the Congressional Budget and Impoundment Control 
                Act of 1974 (2 U.S.C. 621 et seq.) for a violation for 
                which the absolute value of the violation is less than 
                $500,000.
    (d) Other Changes to Content.--Section 301(a) of the Congressional 
Budget Act of 1974 (2 U.S.C. 632(a)), is amended--
            (1) in paragraph (1), as so designated by subsection (b) of 
        this section--
                    (A) in subparagraph (D), by inserting ``for direct 
                spending (as defined in section 250 of the Balanced 
                Budget and Emergency Deficit Control Act of 1985 (2 
                U.S.C. 900)),'' before ``new budget authority'';
                    (B) in subparagraph (E), by striking ``the public 
                debt'' and inserting ``the debt held by the public and 
                debt subject to limit under section 3101 of title 31, 
                United States Code'';
                    (C) in subparagraph (F), by striking ``and'' at the 
                end;
                    (D) by inserting after subparagraph (G) the 
                following:
                    ``(H) the allocated amount of discretionary 
                appropriations; and
                    ``(I) the unallocated amount of discretionary 
                appropriations;''; and
            (2) by inserting after paragraph (3), as added by 
        subsection (c) of this section, the following:
            ``(4) for any concurrent resolution on the budget, specify 
        the amount of the gross domestic product of the United States 
        assumed for purposes of each fiscal year covered by the 
        concurrent resolution; and
            ``(5) for any concurrent resolution on the budget, specify 
        a target for the ratio of the debt held by the public to the 
        gross domestic product of the United States (rounded to the 
        nearest one-tenth of 1 percent) for each fiscal year covered by 
        the concurrent resolution.''.
    (e) Technical and Conforming Amendment.--The table of contents in 
section 1(b) of the Congressional Budget and Impoundment Control Act of 
1974 is amended--
            (1) by striking the item relating to section 301 and 
        inserting the following:

``Sec. 301. Biennial adoption of concurrent resolution on the 
                            budget.''; and
            (2) by inserting after the item relating to section 315 the 
        following:

``Sec. 316. Automatic adjustment of debt limit and statutory caps.''.

SEC. 203. ADDITIONAL MATTERS RELATING TO CONCURRENT RESOLUTION.

    (a) Additional Matters.--Section 301(b) of the Congressional Budget 
Act of 1974 (2 U.S.C. 632(b)) is amended--
            (1) in paragraph (3), by striking ``for such fiscal year'' 
        and inserting ``for either fiscal year in such biennium'';
            (2) in paragraph (8), by striking ``and'' at the end;
            (3) in paragraph (9), by striking the period at the end and 
        inserting ``; and''; and
            (4) by adding at the end the following:
            ``(10) include the amount of tax expenditures.''.
    (b) Views and Estimates.--Section 301(d) of the Congressional 
Budget Act of 1974 (2 U.S.C. 632(d)) is amended--
            (1) by striking ``Within 6 weeks after the President 
        submits a budget under section 1105(a) of title 31, United 
        States Code,'' and inserting the following:
            ``(1) In general.--Not later than March 1 of each odd-
        numbered year (or, if applicable under section 300(b), May 1 of 
        an odd-numbered year),''; and
            (2) by adding at the end the following:
            ``(2) Review of unauthorized appropriations.--Each 
        committee of the House of Representatives and the Senate shall 
        include in the views and estimates of the committee required 
        under paragraph (1) a description of the plans of the committee 
        to consider legislation relating to programs within the 
        jurisdiction of the committee that appeared in the most recent 
        report of the Congressional Budget Office on unauthorized 
        appropriations submitted to Congress under section 202(e)(3).
            ``(3) Oversight of government performance.--
                    ``(A) Review.--Each committee of the House of 
                Representatives and the Senate shall--
                            ``(i) review programs and tax expenditures 
                        of which the committee has jurisdiction to 
                        identify waste, fraud, abuse, or duplication, 
                        and increase the use of performance data to 
                        inform committee work; and
                            ``(ii) review the matters for congressional 
                        consideration identified in--
                                    ``(I) the applicable semiannual 
                                reports of the inspectors general for 
                                which the committee has jurisdiction;
                                    ``(II) the list of unimplemented 
                                recommendations compiled by the 
                                inspectors general for which the 
                                committee has jurisdiction;
                                    ``(III) the High Risk list 
                                published by the Government 
                                Accountability Office; and
                                    ``(IV) the annual report to reduce 
                                program duplication published by the 
                                Government Accountability Office as 
                                required under section 21 of the Joint 
                                Resolution entitled `Joint Resolution 
                                increasing the statutory limit on the 
                                public debt', approved February 12, 
                                2010 (31 U.S.C. 712 note).
                    ``(B) Inclusion in views and estimates.--Based on 
                the oversight efforts and performance reviews of 
                programs under subparagraph (A), each committee of the 
                House of Representatives and the Senate shall include 
                plans for improved governmental performance in the 
                views and estimates of the committee required under 
                paragraph (1) to the Committee on the Budget of the 
                House of Representatives or the Committee on Fiscal 
                Control and the Budget of the Senate, respectively.
            ``(4) Revenue projection.--The Committee on Finance of the 
        Senate and the Committee on Ways and Means of the House of 
        Representatives shall each include in the views and estimates 
        of the committee required under paragraph (1)--
                    ``(A) a report providing revenue projections for 
                each fiscal year in the next biennium and the 4 ensuing 
                bienniums, which shall include a description of how 
                such revenue projections would be impacted by any 
                extension of an expiring or terminating tax provision 
                anticipated by the committee or other policy 
                initiatives of the committee;
                    ``(B) a list of--
                            ``(i) any tax provisions that are scheduled 
                        to expire or terminate during the period 
                        described in subparagraph (A); and
                            ``(ii) any provisions described in clause 
                        (i) that the committee anticipates will be 
                        extended--
                                    ``(I) to apply with respect to the 
                                next biennium; or
                                    ``(II) to apply with respect to the 
                                period described in subparagraph (A); 
                                and
                    ``(C) an estimate of--
                            ``(i) the cost to extend the tax provisions 
                        listed in subparagraph (B)(i); and
                            ``(ii) the cost to extend the tax 
                        provisions the committee anticipates will be 
                        extended, as listed under subparagraph 
                        (B)(ii).''.
    (c) Hearings.--Section 301(e) of the Congressional Budget Act of 
1974 (2 U.S.C. 632(e)) is amended--
            (1) in paragraph (1)--
                    (A) by striking ``fiscal year'' and inserting 
                ``biennium''; and
                    (B) by inserting after the second sentence the 
                following: ``On or before April 1 of each odd-numbered 
                year (or, if applicable under section 300(b), June 1 of 
                an odd numbered year), the Committee on the Budget of 
                the House of Representatives and the Committee on 
                Fiscal Control and the Budget of the Senate shall 
                report to its House the concurrent resolution on the 
                budget referred to in subsection (a) for the biennium 
                beginning on October 1 of that year.''; and
            (2) in paragraph (2)--
                    (A) by striking subparagraphs (A) and (B);
                    (B) by redesignating subparagraphs (C) through (F) 
                as subparagraphs (A) through (D), respectively; and
                    (C) in subparagraph (C), as so redesignated, by 
                striking ``for the President's budget and''.
    (d) Goals for Reducing Unemployment.--Section 301(f) of the 
Congressional Budget Act of 1974 (2 U.S.C. 632(f)) is amended by 
striking ``fiscal year'' each place it appears and inserting 
``biennium''.
    (e) Economic Assumptions.--Section 301(g)(1) of the Congressional 
Budget Act of 1974 (2 U.S.C. 632(g)(1)) is amended by striking ``for a 
fiscal year'' and inserting ``for a biennium''.

SEC. 204. COMMITTEE ALLOCATIONS.

    Section 302 of the Congressional Budget Act of 1974 (2 U.S.C. 633) 
is amended--
            (1) in subsection (a)--
                    (A) in paragraph (1), in the matter preceding 
                subparagraph (A), by striking ``of the levels for the 
                first fiscal year'' and all that follows through ``of--
                '' and inserting ``of the levels for each fiscal year 
                in the next biennium, for the period of the next 
                biennium and the ensuing 2 bienniums, and for the 
                period covered by the resolution (except that in the 
                case of the Committee on Appropriations only for each 
                fiscal year in the biennium) of--''; and
                    (B) in paragraph (5)(A), by striking ``April 15'' 
                and inserting ``May 15 of an odd-numbered year (or, if 
                applicable under section 300(b), June 15 of an odd-
                numbered year)'';
            (2) in subsection (b), by striking ``budget year'' and 
        inserting ``biennium'';
            (3) in subsection (c)--
                    (A) by striking ``for a fiscal year'' and inserting 
                ``for each fiscal year in the biennium''; and
                    (B) by striking ``for that fiscal year'' and 
                inserting ``for a fiscal year during that biennium'';
            (4) in subsection (f)--
                    (A) in paragraph (1)--
                            (i) in the matter preceding subparagraph 
                        (A), by striking ``for a fiscal year'' and 
                        inserting ``for a biennium''; and
                            (ii) in the matter following subparagraph 
                        (C), by striking ``the first fiscal year'' and 
                        inserting ``each fiscal year of the biennium''; 
                        and
                    (B) in paragraph (2)(A)--
                            (i) by striking ``the first fiscal year'' 
                        and inserting ``each fiscal year of the 
                        biennium''; and
                            (ii) by striking ``the total of fiscal 
                        years'' and inserting ``the total of all fiscal 
                        years covered by the resolution''; and
            (5) in subsection (g)(1)(A), by striking ``April 15'' and 
        inserting ``May 15 of an odd-numbered year (or, if applicable 
        under section 300(b), June 15 of an odd-numbered year)''.

SEC. 205. SECTION 303 POINT OF ORDER.

    (a) In General.--Section 303(a) of the Congressional Budget Act of 
1974 (2 U.S.C. 634(a)) is amended--
            (1) by striking ``for a fiscal year'' and inserting ``for a 
        biennium''; and
            (2) by striking ``the first fiscal year'' and inserting 
        ``each fiscal year of the biennium''.
    (b) Exceptions in the House.--Section 303(b) of the Congressional 
Budget Act of 1974 (2 U.S.C. 634(b)) is amended--
            (1) in paragraph (1)(A), by striking ``the budget year'' 
        and inserting ``the biennium''; and
            (2) in paragraph (2), by inserting ``(or, if applicable 
        under section 300(b), June 15)'' after ``May 15''.
    (c) Application to the Senate.--Section 303(c)(1) of the 
Congressional Budget Act of 1974 (2 U.S.C. 634(c)(1)) is amended by 
striking ``fiscal year'' and inserting ``biennium''.

SEC. 206. PERMISSIBLE REVISIONS OF CONCURRENT RESOLUTIONS ON THE 
              BUDGET.

    Section 304 of the Congressional Budget Act of 1974 (2 U.S.C. 635) 
is amended--
            (1) by striking ``fiscal year'' the first two places it 
        appears and inserting ``biennium''; and
            (2) by striking ``for such fiscal year'' and inserting 
        ``for such biennium''.

SEC. 207. PROCEDURES FOR CONSIDERATION OF BUDGET RESOLUTIONS.

    Section 305 of the Congressional Budget Act of 1974 (2 U.S.C. 636) 
is amended--
            (1) in subsection (a)(3), by striking ``fiscal year'' and 
        inserting ``biennium''; and
            (2) in subsection (b)(3), by striking ``fiscal year'' and 
        inserting ``biennium''.

SEC. 208. COMPLETION OF HOUSE ACTION ON APPROPRIATION BILLS.

    (a) In General.--Section 307 of the Congressional Budget Act of 
1974 (2 U.S.C. 638) is amended--
            (1) in the section heading, by striking ``house committee 
        action on all appropriation bills to be completed by june 10'' 
        and inserting ``deadline for house committee action on all 
        appropriation bills''; and
            (2) by inserting ``(or, if applicable under section 300(b), 
        June 30 of a year)'' after ``June 10 of each year''.
    (b) Technical and Conforming Amendment.--The table of contents in 
section 1(b) of the Congressional Budget and Impoundment Control Act of 
1974 is amended by striking the item relating to section 307 and 
inserting the following:

``Sec. 307. Deadline for House committee action on all appropriation 
                            bills.''.

SEC. 209. RECONCILIATION PROCESS.

    Section 310 of the Congressional Budget Act of 1974 (2 U.S.C. 641) 
is amended--
            (1) in subsection (a)--
                    (A) in the matter preceding paragraph (1), by 
                striking ``any fiscal year'' and inserting ``any 
                biennium''; and
                    (B) in paragraph (1) by striking ``such fiscal 
                year'' each place it appears and inserting ``any fiscal 
                year covered by such resolution''; and
            (2) in subsection (f)--
                    (A) by inserting ``of an odd-numbered year'' after 
                ``July''; and
                    (B) by striking ``for such fiscal year'' and 
                inserting ``for the biennium that begins with such 
                fiscal year''.

SEC. 210. SECTION 311 POINT OF ORDER.

    (a) In the House.--Section 311(a)(1) of the Congressional Budget 
Act of 1974 (2 U.S.C. 642(a)(1)) is amended--
            (1) by striking ``for a fiscal year'' and inserting ``for a 
        biennium'';
            (2) by striking ``the first fiscal year'' each place it 
        appears and inserting ``either fiscal year of the biennium''; 
        and
            (3) by striking ``that first fiscal year'' and inserting 
        ``each fiscal year in the biennium''.
    (b) In the Senate.--Section 311(a)(2) of the Congressional Budget 
Act of 1974 (2 U.S.C. 642(a)(2)) is amended--
            (1) in subparagraph (A), by striking ``for the first fiscal 
        year'' and inserting ``for either fiscal year of the 
        biennium''; and
            (2) in subparagraph (B)--
                    (A) by striking ``that first fiscal year'' the 
                first place it appears and inserting ``either fiscal 
                year in the biennium''; and
                    (B) by striking ``that first fiscal year and the 
                ensuing fiscal years'' and inserting ``all fiscal 
                years''.
    (c) Social Security Levels.--Section 311(a)(3) of the Congressional 
Budget Act of 1974 (2 U.S.C. 642(a)(3)) is amended by--
            (1) striking ``for the first fiscal year'' and inserting 
        ``each fiscal year in the biennium''; and
            (2) striking ``that fiscal year and the ensuing fiscal 
        years'' and inserting ``all fiscal years''.

SEC. 211. MAXIMUM DEFICIT AMOUNT POINT OF ORDER.

    Section 312(c) of the Congressional Budget Act of 1974 (2 U.S.C. 
643(c)) is amended--
            (1) in the matter preceding paragraph (1), by striking 
        ``for a fiscal year'' and inserting ``for a biennium'';
            (2) in paragraph (1), by striking ``the first fiscal year'' 
        and inserting ``either fiscal year in the biennium'';
            (3) in paragraph (2), by striking ``that fiscal year'' and 
        inserting ``either fiscal year in the biennium''; and
            (4) in the matter following paragraph (2), by striking 
        ``that fiscal year'' and inserting ``the applicable fiscal 
        year''.

         TITLE III--COMMITTEE ON FISCAL CONTROL AND THE BUDGET

SEC. 301. COMMITTEE ON FISCAL CONTROL AND THE BUDGET OF THE SENATE.

    (a) In General.--
            (1) Change of name.--The Committee on the Budget of the 
        Senate is renamed as the Committee on Fiscal Control and the 
        Budget of the Senate.
            (2) Committee status.--The Committee on Fiscal Control and 
        the Budget shall be treated as the Committee on the Budget 
        listed under paragraph 3 of rule XXV of the Standing Rules of 
        the Senate for purposes of the Standing Rules of the Senate.
    (b) Membership.--
            (1) In general.--In the Senate, the Chairman and Ranking 
        Member of the Committee on Appropriations and the Chairman and 
        Ranking Member of the Committee on Finance (if not already a 
        member of the Committee on Fiscal Control and the Budget of the 
        Senate) shall be ex officio members of the Committee on Fiscal 
        Control and the Budget, but shall have no vote in the Committee 
        on Fiscal Control and the Budget and shall not be counted for 
        purposes of determining a quorum.
            (2) Exemption.--Service of a Senator as an ex officio 
        member of the Committee on Fiscal Control and the Budget of the 
        Senate under paragraph (1) shall not be taken into account for 
        purposes of paragraph 4 of rule XXV of the Standing Rules of 
        the Senate.
    (c) Conforming Amendments.--Section 101 of S. Res. 445 (108th 
Congress) is amended--
            (1) in subsection (d)--
                    (A) in the subsection heading, by striking 
                ``Budget'' and inserting ``Fiscal Control and the 
                Budget'';
                    (B) in the matter preceding paragraph (1), by 
                striking ``the Committee on the Budget'' and inserting 
                ``the Committee on Fiscal Control and the Budget''; and
                    (C) in paragraph (1), by striking ``the Budget 
                Committee'' and inserting ``the Committee on Fiscal 
                Control and the Budget''; and
            (2) in subsection (e), by striking ``The Committee on the 
        Budget'' and inserting ``The Committee on Fiscal Control and 
        the Budget''.
    (d) Rulemaking.--This section is enacted--
            (1) as an exercise of the rulemaking power of the Senate; 
        and
            (2) with full recognition of the constitutional right of 
        the Senate to change such rules at any time, in the same 
        manner, and to the same extent as in the case of any other rule 
        of the Senate.

SEC. 302. TECHNICAL AND CONFORMING AMENDMENTS.

    (a) Congressional Budget and Impoundment Control Act of 1974.--The 
Congressional Budget and Impoundment Control Act of 1974 is amended--
            (1) in section 201 (2 U.S.C. 601)--
                    (A) in subsection (a)(2), by striking ``the 
                Committees on the Budget of the House and the Senate'' 
                and inserting ``the Committee on the Budget of the 
                House of Representatives and the Committee on Fiscal 
                Control and the Budget of the Senate''; and
                    (B) in subsection (f), by striking ``The Budget 
                Committees of the Senate and House'' and inserting 
                ``The Committee on the Budget of the House of 
                Representatives and the Committee on Fiscal Control and 
                the Budget of the Senate'';
            (2) in section 202 (2 U.S.C. 602)--
                    (A) in subsection (a)--
                            (i) in the subsection heading, by striking 
                        ``Budget Committees'' and inserting ``the 
                        Committee on the Budget of the House of 
                        Representatives and the Committee on Fiscal 
                        Control and the Budget of the Senate''; and
                            (ii) by striking ``the Committees on the 
                        Budget of both Houses'' and inserting ``the 
                        Committee on the Budget of the House of 
                        Representatives and the Committee on Fiscal 
                        Control and the Budget of the Senate'';
                    (B) in subsection (d), by striking ``the Committee 
                on the Budget of either House'' and inserting ``the 
                Committee on the Budget of the House of Representatives 
                or the Committee on Fiscal Control and the Budget of 
                the Senate''; and
                    (C) in subsection (e)--
                            (i) in the subsection heading, by striking 
                        ``Budget Committees'' and inserting ``the 
                        Committee on the Budget of the House of 
                        Representatives and the Committee on Fiscal 
                        Control and the Budget of the Senate''; and
                            (ii) by striking ``the Committees on the 
                        Budget of the House of Representatives and the 
                        Senate'' each place it appears and inserting 
                        ``the Committee on the Budget of the House of 
                        Representatives and the Committee on Fiscal 
                        Control and the Budget of the Senate'';
            (3) in section 301 (2 U.S.C. 632)--
                    (A) in subsection (d)(1), as amended by section 203 
                of this Act--
                            (i) in the first sentence--
                                    (I) by striking ``the Committee on 
                                the Budget'' the first place it appears 
                                and inserting ``the Committee on the 
                                Budget of the House of Representatives, 
                                with respect to a committee of the 
                                House of Representatives, or the 
                                Committee on Fiscal Control and the 
                                Budget of the Senate, with respect to a 
                                committee of the Senate''; and
                                    (II) by striking ``the Committee on 
                                the Budget of the Senate'' and 
                                inserting ``the Committee on Fiscal 
                                Control and the Budget of the Senate'';
                            (ii) in the second sentence, by striking 
                        ``the Committees on the Budget of both Houses'' 
                        and inserting ``the Committee on the Budget of 
                        the House of Representatives and the Committee 
                        on Fiscal Control and the Budget of the 
                        Senate'';
                            (iii) in the third sentence--
                                    (I) by striking ``the Committee on 
                                the Budget of its House'' and inserting 
                                ``the Committee on the Budget of the 
                                House of Representatives or the 
                                Committee on Fiscal Control and the 
                                Budget of the Senate, respectively''; 
                                and
                                    (II) by striking ``the Committees 
                                on the Budget of both Houses'' and 
                                inserting ``the Committee on the Budget 
                                of the House of Representatives and the 
                                Committee on Fiscal Control and the 
                                Budget of the Senate''; and
                            (iv) in the fourth sentence, by striking 
                        ``the Committee on the Budget of the applicable 
                        House'' and inserting ``the Committee on the 
                        Budget of the House of Representatives or the 
                        Committee on Fiscal Control and the Budget of 
                        the Senate, as applicable'';
                    (B) in subsection (e)(1)--
                            (i) in the first sentence, by striking 
                        ``the Committee on the Budget of each House 
                        shall'' and inserting ``the Committee on the 
                        Budget of the House of Representatives and the 
                        Committee on Fiscal Control and the Budget of 
                        the Senate shall each'';
                            (ii) in the second sentence--
                                    (I) by striking ``the Committee on 
                                the Budget of each House'' and 
                                inserting ``the Committee on the Budget 
                                of the House of Representatives and the 
                                Committee on Fiscal Control and the 
                                Budget of the Senate'';
                                    (II) by striking ``its'' each place 
                                it appears and inserting ``such 
                                committee's''; and
                                    (III) by striking ``it'' and 
                                inserting ``such committee''; and
                    (C) in subsection (h), by striking ``its House'' 
                and inserting ``the House of Representatives'';
            (4) in section 305(b) (2 U.S.C. 636(b)), by striking 
        ``Committee on the Budget'' each place it appears and inserting 
        ``Committee on Fiscal Control and the Budget'';
            (5) in section 306 (2 U.S.C. 637), in the section heading, 
        by striking ``budget committees'' and inserting ``the committee 
        on the budget of the house of representatives and the committee 
        on fiscal control and the budget of the senate'';
            (6) in section 308(a)(3) (2 U.S.C. 639(a)(3)), by striking 
        ``the Committees on the Budget of the House and Senate'' and 
        inserting ``the Committee on the Budget of the House of 
        Representatives and the Committee on Fiscal Control and the 
        Budget of the Senate'';
            (7) in section 310 (2 U.S.C. 641)--
                    (A) in subsection (b)(2), by striking ``the 
                Committee on the Budget of its House'' and inserting 
                ``the Committee on the Budget of the House of 
                Representatives or the Committee on Fiscal Control and 
                the Budget of the Senate, respectively'';
                    (B) in subsection (c)(2), by striking ``Committee 
                on the Budget'' each place it appears and inserting 
                ``Committee on Fiscal Control and the Budget''; and
                    (C) in subsection (d)--
                            (i) in paragraph (4), by striking ``or of 
                        the Senate'' and inserting ``or the Committee 
                        on Fiscal Control and the Budget of the 
                        Senate''; and
                            (ii) in paragraph (5), by striking ``its 
                        Committee on the Budget'' and inserting ``the 
                        Committee on the Budget of the House of 
                        Representatives'';
            (8) in section 312(a) (2 U.S.C. 643(a))--
                    (A) in the subsection heading, by striking 
                ``budget''; and
                    (B) by striking ``or the Senate'' and inserting 
                ``or the Committee on Fiscal Control and the Budget of 
                the Senate'';
            (9) in section 313 (2 U.S.C. 644)--
                    (A) in subsection (b)(2), by striking ``Committee 
                on the Budget'' and inserting ``Committee on Fiscal 
                Control and the Budget''; and
                    (B) in subsection (c), by striking ``Committee on 
                the Budget'' and inserting ``Committee on Fiscal 
                Control and the Budget'';
            (10) in section 314 (2 U.S.C. 645)--
                    (A) in subsection (a), by striking ``or the 
                Senate'' and inserting ``or the Committee on Fiscal 
                Control and the Budget of the Senate''; and
                    (B) in subsection (g)(1)(A), by striking ``or the 
                Senate'' and inserting ``or the Committee on Fiscal 
                Control and the Budget of the Senate'';
            (11) in section 425(e) (2 U.S.C. 658d(e)), by striking 
        ``Committee on the Budget'' and inserting ``Committee on Fiscal 
        Control and the Budget'';
            (12) in section 703 (2 U.S.C. 623)--
                    (A) in subsection (a), by striking ``The Committees 
                on the Budget of the House of Representatives and the 
                Senate'' and inserting ``The Committee on the Budget of 
                the House of Representatives and the Committee on 
                Fiscal Control and the Budget of the Senate''; and
                    (B) in subsection (b), by striking ``The Committee 
                on the Budget of each House shall, from time to time, 
                report to its House'' and inserting ``The Committee on 
                the Budget of the House of Representatives and the 
                Committee on Fiscal Control and the Budget of the 
                Senate shall, from time to time, report to the House of 
                Representatives and the Senate, respectively,'';
            (13) in section 1024(d) (2 U.S.C. 691c(d)), by striking 
        ``the Committees on the Budget of the House of Representatives 
        and the Senate'' and inserting ``the Committee on the Budget of 
        the House of Representatives and the Committee on Fiscal 
        Control and the Budget of the Senate'';
            (14) in section 1025(a) (2 U.S.C. 691d(a)), by striking 
        ``Committee on the Budget'' the first place it appears and 
        inserting ``Committee on Fiscal Control and the Budget''; and
            (15) in the table of contents in section 1(b), by striking 
        the item relating to section 306 and inserting the following:

``Sec. 306. Legislation dealing with congressional budget must be 
                            handled by the Committee on the Budget of 
                            the House of Representatives and the 
                            Committee on Fiscal Control and the Budget 
                            of the Senate.''.
    (b) Balanced Budget and Emergency Deficit Control Act of 1985.--The 
Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C. 900 
et seq.) is amended--
            (1) in section 250(c)(4)(F) (2 U.S.C. 900(c)(4)(F)), by 
        striking ``the Committees on Appropriations and the Budget of 
        the House of Representatives and the Senate'' and inserting 
        ``the Committee on Appropriations and the Committee on the 
        Budget of the House of Representatives and the Committee on 
        Appropriations and the Committee on Fiscal Control and the 
        Budget of the Senate'';
            (2) in section 251 (2 U.S.C. 901)--
                    (A) in subsection (a)(7), by striking ``the 
                Committees on the Budget of the House of 
                Representatives and the Senate'' each place it appears 
                and inserting ``the Committee on the Budget of the 
                House of Representatives and the Committee on Fiscal 
                Control and the Budget of the Senate''; and
                    (B) in subsection (b)--
                            (i) in paragraph (1), by striking ``the 
                        Committees on Appropriations and the Budget of 
                        the House of Representatives and the Senate'' 
                        and inserting ``the Committee on Appropriations 
                        and the Committee on the Budget of the House of 
                        Representatives and the Committee on 
                        Appropriations and the Committee on Fiscal 
                        Control and the Budget of the Senate''; and
                            (ii) in paragraph (2)(D)(ii), by striking 
                        ``the Committees on Appropriations and Budget 
                        in each House'' and inserting ``the Committee 
                        on Appropriations and the Committee on the 
                        Budget of the House of Representatives and the 
                        Committee on Appropriations and the Committee 
                        on Fiscal Control and the Budget of the 
                        Senate'';
            (3) in section 252(d) (2 U.S.C. 902(d)), by striking ``the 
        Committees on the Budget of the House of Representatives and 
        the Senate'' each place it appears and inserting ``the 
        Committee on the Budget of the House of Representatives and the 
        Committee on Fiscal Control and the Budget of the Senate'';
            (4) in section 254(h) (2 U.S.C. 904(h)), in the matter 
        preceding paragraph (1), by striking ``or the Senate'' and 
        inserting ``or the Committee on Fiscal Control and the Budget 
        of the Senate'';
            (5) in section 257(b)(2)(A)(i) (2 U.S.C. 907(b)(2)(A)(i)), 
        in the second sentence--
                    (A) by striking ``the Committees on Budget'' and 
                inserting ``the Committee on the Budget of the House of 
                Representatives, the Committee on Fiscal Control and 
                the Budget of the Senate,''; and
                    (B) by striking ``and the Budget Committees'' and 
                inserting ``the Committee on the Budget of the House of 
                Representatives, and the Committee on Fiscal Control 
                and the Budget of the Senate'';
            (6) in section 258(a)(3) (2 U.S.C. 907a(a)(3)), in the 
        first sentence, by striking ``the Committee on the Budget'' and 
        inserting ``the Committee on Fiscal Control and the Budget'';
            (7) in section 258B(h)(4) (2 U.S.C. 907c(h)(4)), by 
        striking ``the Committee on the Budget'' and inserting ``the 
        Committee on Fiscal Control and the Budget''; and
            (8) in section 258C(a) (2 U.S.C. 907d(a))--
                    (A) by striking ``the Committee on the Budget'' 
                each place it appears and inserting ``the Committee on 
                Fiscal Control and the Budget'';
                    (B) in paragraph (3), by striking ``the Budget 
                Committee'' and inserting ``the Committee on Fiscal 
                Control and the Budget of the Senate''; and
                    (C) in paragraph (4)--
                            (i) in the paragraph heading, by striking 
                        ``Budget committee action'' and inserting 
                        ``Action by the committee on fiscal control and 
                        the budget''; and
                            (ii) by striking ``the Budget Committee'' 
                        each place it appears and inserting ``the 
                        Committee on Fiscal Control and the Budget of 
                        the Senate''.
    (c) Statutory Pay-As-You-Go Act of 2010.--The Statutory Pay-As-You-
Go Act of 2010 (2 U.S.C. 931 et seq.) is amended--
            (1) in section 4(a) (2 U.S.C. 933(a))--
                    (A) in paragraph (1)--
                            (i) in subparagraph (B), by striking ``the 
                        Senate Budget Committee'' each place it appears 
                        and inserting ``the Committee on Fiscal Control 
                        and the Budget of the Senate''; and
                            (ii) in subparagraph (C), by striking ``the 
                        Chairmen of the House and Senate Budget 
                        Committees'' each place it appears and 
                        inserting ``the Chairman of the Committee on 
                        the Budget of the House of Representatives and 
                        the Chairman of the Committee on Fiscal Control 
                        and the Budget of the Senate'';
                    (B) in paragraph (2)--
                            (i) in subparagraph (A)--
                                    (I) in clause (i), by striking ``by 
                                one House, the Chairman of the Budget 
                                Committee of that House'' and inserting 
                                ``by the House of Representatives or 
                                the Senate, the Chairman of the 
                                Committee on the Budget of the House of 
                                Representatives or the Chairman of the 
                                Committee on Fiscal Control and the 
                                Budget of the Senate, respectively,''; 
                                and
                                    (II) in clause (ii), by striking 
                                ``the Chairman of the Budget Committee 
                                of that House prior to passage'' and 
                                inserting ``the Chairman of the 
                                Committee on the Budget of the House of 
                                Representatives or the Chairman of the 
                                Committee on Fiscal Control and the 
                                Budget of the Senate prior to passage 
                                by the House of Representatives or the 
                                Senate, respectively,''; and
                            (ii) in subparagraph (B)(i), by striking 
                        ``the Chairmen of the Budget Committees of the 
                        House and Senate'' and inserting ``the Chairman 
                        of the Committee on the Budget of the House of 
                        Representatives and the Chairman of the 
                        Committee on Fiscal Control and the Budget of 
                        the Senate'';
                    (C) in paragraph (3), by striking ``Senate Budget 
                Committee'' and inserting ``Committee on Fiscal Control 
                and the Budget of the Senate''; and
                    (D) in paragraph (4)--
                            (i) in the paragraph heading, by striking 
                        ``of the budget committees''; and
                            (ii) by striking ``the Senate or House 
                        Committees on the Budget'' and inserting ``the 
                        Committee on the Budget of the House of 
                        Representatives or the Committee on Fiscal 
                        Control and the Budget of the Senate''; and
            (2) in section 12 (2 U.S.C. 938)--
                    (A) in the first sentence, by striking ``the 
                chairmen of the Committees on the Budget of the House 
                and Senate'' and inserting ``the Chairman of the 
                Committee on the Budget of the House of Representatives 
                or the Chairman of the Committee on Fiscal Control and 
                the Budget of the Senate''; and
                    (B) in the second sentence, by striking ``the 
                Chairmen of the House and Senate Budget Committees'' 
                and inserting ``the Chairman of the Committee on the 
                Budget of the House of Representatives and the Chairman 
                of the Committee on Fiscal Control and the Budget of 
                the Senate''.
    (d) Other Laws.--
            (1) Section 3(1)(A) of the Emergency Economic Stabilization 
        Act of 2008 (12 U.S.C. 5202(1)(A)) is amended by striking ``the 
        Committee on the Budget'' and inserting ``the Committee on 
        Fiscal Control and the Budget''.
            (2) Section 3002(1)(A) of the Small Business Jobs Act of 
        2010 (12 U.S.C. 5701(1)(A)) is amended by striking ``the 
        Committee on the Budget'' and inserting ``the Committee on 
        Fiscal Control and the Budget''.
            (3) Section 302(d) of the Full Employment and Balanced 
        Growth Act of 1978 (15 U.S.C. 3132(d)) is amended in the first 
        sentence by striking ``the Committees on the Budget of the 
        Senate and the House of Representatives'' and inserting ``the 
        Committee on the Budget of the House of Representatives and the 
        Committee on Fiscal Control and the Budget of the Senate''.
            (4) Section 9503(d)(7) of the Internal Revenue Code of 1986 
        (relating to the Highway Trust Fund) is amended by striking 
        ``the Committees on the Budget of both Houses'' and inserting 
        ``the Committee on the Budget of the House of Representatives, 
        the Committee on Fiscal Control and the Budget of the Senate''.
            (5) Section 1104(c) of title 31, United States Code, is 
        amended in the second sentence by striking ``the Committees on 
        Appropriations and on the Budget of both Houses of Congress'' 
        and inserting ``the Committee on Appropriations and the 
        Committee on the Budget of the House of Representatives and the 
        Committee on Appropriations and the Committee on Fiscal Control 
        and the Budget of the Senate''.
            (6) Section 1105(a)(35)(B) of title 31, United States Code, 
        is amended by striking ``the Committees on Appropriations'' and 
        all that follows and inserting ``the Committee on 
        Appropriations, the Committee on the Budget, and the Committee 
        on Homeland Security of the House of Representatives and the 
        Committee on Appropriations, the Committee on Fiscal Control 
        and the Budget, and the Committee on Homeland Security and 
        Governmental Affairs of the Senate.''.
            (7) Section 1109(b) of title 31, United States Code, is 
        amended by striking ``the Committees on the Budget of both 
        Houses'' and inserting ``the Committee on the Budget of the 
        House of Representatives and the Committee on Fiscal Control 
        and the Budget of the Senate''.
            (8) Section 1112(c)(3) of title 31, United States Code, is 
        amended by striking ``and on the Budget of both Houses of 
        Congress'' and inserting ``of both Houses of Congress, the 
        Committee on the Budget of the House of Representatives, the 
        Committee on Fiscal Control and the Budget of the Senate''.
            (9) Section 1120(a)(3)(B) of title 31, United States Code, 
        is amended by striking ``the Committees on the Budget of the 
        Senate and the House of Representatives'' and inserting ``the 
        Committee on the Budget of the House of Representatives and the 
        Committee on Fiscal Control and the Budget of the Senate''.
            (10) Section 3524(b) of title 31, United States Code, is 
        amended by striking ``the Committees on the Budget and 
        Appropriations of both Houses of Congress, the Committee on 
        Governmental Affairs, and to the Committee on Government 
        Operations, and to'' and inserting ``the Committee on 
        Appropriations, the Committee on the Budget, and the Committee 
        on Oversight and Government Reform of the House of 
        Representatives, the Committee on Appropriations, the Committee 
        on Fiscal Control and the Budget, and the Committee on Homeland 
        Security and Governmental Affairs of the Senate, and''.
            (11) Section 6203(a)(2)(C) of title 31, United States Code, 
        is amended by striking ``the Committees on Governmental 
        Affairs, the Budget, and Appropriations'' and inserting ``the 
        Committee on Appropriations, the Committee on Fiscal Control 
        and the Budget, and the Committee on Homeland Security and 
        Governmental Affairs''.
            (12) Section 8163(c)(1) of title 38, United States Code, is 
        amended in the first sentence by striking ``and the Committees 
        on the Budget of the House of Representatives and the Senate'' 
        and inserting ``the Committee on the Budget of the House of 
        Representatives, and the Committee on Fiscal Control and the 
        Budget of the Senate''.
            (13) Section 8168 of title 38, United States Code, is 
        amended by striking ``and the Committees on the Budget of the 
        House of Representatives and the Senate'' each place it appears 
        and inserting ``the Committee on the Budget of the House of 
        Representatives, and the Committee on Fiscal Control and the 
        Budget of the Senate''.
            (14) Section 104(a)(2) of division O of the Consolidated 
        Appropriations Act, 2018 (43 U.S.C. 1748a-2(a)(2)) is amended 
        by striking ``the Budget'' the second place it appears and 
        inserting ``Fiscal Control and the Budget''.

SEC. 303. REFERENCES.

    Any reference in any law, regulation, map, document, record, or 
other paper of the United States to the Committee on the Budget of the 
Senate shall be deemed a reference to the Committee on Fiscal Control 
and the Budget of the Senate.

             TITLE IV--SPECIAL RECONCILIATION INSTRUCTIONS

SEC. 401. SPECIAL RECONCILIATION INSTRUCTIONS.

    (a) In General.--Title III of the Congressional Budget and 
Impoundment Control Act of 1974 (2 U.S.C. 631 et seq.), as amended by 
section 202 of this Act, is amended by adding at the end the following:

``SEC. 317. SPECIAL RECONCILIATION INSTRUCTIONS.

    ``(a) In General.--Only if the Director of the Congressional Budget 
Office submits a report under section 202(h) indicating that the target 
for the ratio of the debt held by the public to the gross domestic 
product of the United States by the end of the last fiscal year covered 
by the most recently agreed to concurrent resolution on the budget will 
not be achieved, not later than April 15 of the first fiscal year of 
such biennium, the Committee on Fiscal Control and the Budget of the 
Senate shall report to the Senate a simple resolution--
            ``(1) specifying a total level of deficit reduction to be 
        achieved and the period during which such reduction is to be 
        achieved; and
            ``(2) containing directives to 1 or more committees of the 
        Senate specifying the total amount by which new budget 
        authority or new entitlement authority contained in laws within 
        the jurisdiction of each such committee is to be changed or 
        revenues are to be changed to achieve the total level of 
        deficit reduction.
    ``(b) Consideration of Special Reconciliation Resolution.--
            ``(1) Placement on calendar.--A resolution reported under 
        subsection (a) by the Committee on Fiscal Control and the 
        Budget of the Senate shall be placed immediately on the 
        calendar.
            ``(2) Motion to proceed.--
                    ``(A) In general.--In the Senate, notwithstanding 
                any rule or precedent of the Senate, including rule 
                XXII of the Standing Rules of the Senate, it is in 
                order (even though a previous motion to the same effect 
                has been disagreed to) to move to proceed to the 
                consideration of a resolution reported under subsection 
                (a) and all points of order against the resolution (and 
                against consideration of the resolution) are waived. 
                The motion is not subject to amendment, or to a motion 
                to postpone, or to a motion to proceed to the 
                consideration of other business. A motion to reconsider 
                the vote by which the motion is agreed to or disagreed 
                to shall not be in order. If a motion to proceed to the 
                consideration of a resolution reported under subsection 
                (a) is agreed to, the resolution shall remain the 
                unfinished business of the Senate until disposed of.
                    ``(B) Resolution from the committee on fiscal 
                control and the budget.--It shall not be in order to 
                move to proceed to the consideration of a resolution 
                containing the matter described in paragraphs (1) and 
                (2) of subsection (a) that was not reported by the 
                Committee on Fiscal Control and the Budget of the 
                Senate.
            ``(3) Consideration.--
                    ``(A) In general.--In the Senate, consideration of 
                a resolution reported under subsection (a), and on all 
                amendments, debatable motions, and appeals in 
                connection therewith, shall be limited to not more than 
                10 hours.
                    ``(B) General debate.--After the Senate proceeds to 
                a resolution reported under subsection (a), there shall 
                be period of not more than 2 hours for general debate 
                on the resolution, which shall be divided equally 
                between those favoring and those opposing the 
                resolution.
                    ``(C) Amendments.--
                            ``(i) Period.--In the Senate, consideration 
                        of any amendment to a resolution reported under 
                        subsection (a) shall be limited to 1 hour, 
                        which shall be divided equally between those 
                        favoring and those opposing the amendment.
                            ``(ii) Alternating opportunity to offer.--
                                    ``(I) In general.--The opportunity 
                                to offer and have immediately 
                                considered an amendment to a resolution 
                                reported under subsection (a) shall 
                                alternate between the members of the 
                                majority and the members of the 
                                minority.
                                    ``(II) Elect not to offer.--If the 
                                members of the majority or the members 
                                of the minority elect not to offer an 
                                amendment when presented an opportunity 
                                under this clause (including under 
                                subclause (III) of this clause), the 
                                members of the minority or the members 
                                of the majority, respectively, shall 
                                have the opportunity to offer and have 
                                immediately considered an amendment to 
                                the resolution reported under 
                                subsection (a).
                                    ``(III) Return to alternating 
                                opportunity.--After an amendment 
                                offered under subclause (II) by the 
                                members of the majority or the members 
                                of the minority is disposed of, the 
                                members of the minority or the members 
                                of the majority, respectively, shall 
                                have the opportunity to offer and have 
                                immediately considered an amendment to 
                                the resolution reported under 
                                subsection (a).
                            ``(iii) Requirements for amendments.--The 
                        only amendments in order to a resolution 
                        reported under subsection (a) shall be--
                                    ``(I) an amendment proposing to 
                                change an amount specified in the 
                                resolution;
                                    ``(II) an amendment proposing to 
                                add directives described in subsection 
                                (a)(2) for 1 or more committees; and
                                    ``(III) an amendment proposing to 
                                strike directives described in 
                                subsection (a)(2) for 1 or more 
                                committees.
                    ``(D) Further limit on consideration.--A motion 
                further to limit consideration is in order and not 
                debatable. A motion to postpone, a motion to proceed to 
                the consideration of other business, or a motion to 
                recommit the resolution is not in order.
                    ``(E) Time during votes not counted.--For purposes 
                of determining the end of the period of consideration 
                of a resolution reported under subsection (a), or an 
                amendment thereto, any time during a vote of the Senate 
                shall not be counted.
            ``(4) Vote on passage.--After the conclusion of the period 
        for consideration of a resolution reported under subsection 
        (a), the Senate shall proceed, without any further debate on 
        any question, to vote on the final disposition thereof to the 
        exclusion of all amendments not then actually pending before 
        the Senate at that time and to the exclusion of all motions, 
        except a motion to table or to reconsider and 1 quorum call on 
        demand to establish the presence of a quorum (and motions 
        required to establish a quorum) immediately before the vote on 
        adoption of the resolution begins.
            ``(5) Rulings of the chair on procedure.--Appeals from the 
        decisions of the Chair relating to the application of this 
        subsection or the rules of the Senate, as the case may be, to 
        the procedure relating to a resolution reported under 
        subsection (a) shall be decided without debate.
    ``(c) Recommendations of Committees.--If a resolution is reported 
under subsection (a), not later than May 15 of the year in which the 
resolution is reported, each committee for which the resolution 
contains directives shall submit to the Committee on Fiscal Control and 
the Budget of the Senate recommended changes in laws within the 
jurisdiction of the committee that comply with subsection (a)(2).
    ``(d) Special Reconciliation Procedure.--
            ``(1) In general.--Subject to paragraph (2), after each 
        committee for which a resolution reported under subsection (a) 
        contained directives has reported recommended changes to the 
        Committee on Fiscal Control and the Budget of the Senate, the 
        Committee on Fiscal Control and the Budget shall report to the 
        Senate special reconciliation legislation carrying out all such 
        recommendations without any substantive revision.
            ``(2) Failure to report compliant recommendations.--If 1 or 
        more committees do not report recommendations that comply with 
        subsections (a)(2) and (c), the Committee on Fiscal Control and 
        the Budget of the Senate--
                    ``(A) shall report to the Senate special 
                reconciliation legislation carrying out all reported 
                recommendations that comply with subsections (a)(2) and 
                (c), without any substantive revision; and
                    ``(B) may include in the legislation reported under 
                subparagraph (A) changes in laws within the 
                jurisdiction of each noncompliant committee, if the 
                changes in law comply with subsection (a)(2).
    ``(e) Limits on Special Reconciliation Bills.--
            ``(1) Extraneous material.--
                    ``(A) In general.--It shall not be in order to 
                consider any provision in legislation reported under 
                subsection (d) that contains material extraneous 
                (within the meaning given that term under section 313) 
                to the directives to the applicable committee.
                    ``(B) Point of order sustained.--If a point of 
                order is made by a Senator against a provision 
                described in subparagraph (A), and the point of order 
                is sustained by the Chair, that provision shall be 
                stricken from the measure and may not be offered as an 
                amendment from the floor.
                    ``(C) Form of the point of order.--A point of order 
                under subparagraph (A) may be raised by a Senator as 
                provided in section 313(e).
                    ``(D) Conference reports.--When the Senate is 
                considering a conference report on, or an amendment 
                between the Houses in relation to, legislation reported 
                under subsection (d), upon a point of order being made 
                by any Senator pursuant to subparagraph (A), and such 
                point of order being sustained, such material contained 
                in such conference report or House amendment shall be 
                stricken, and the Senate shall proceed to consider the 
                question of whether the Senate shall recede from its 
                amendment and concur with a further amendment, or 
                concur in the House amendment with a further amendment, 
                as the case may be, which further amendment shall 
                consist of only that portion of the conference report 
                or House amendment, as the case may be, not so 
                stricken. Any such motion in the Senate shall be 
                debatable. In any case in which such point of order is 
                sustained against a conference report (or Senate 
                amendment derived from such conference report by 
                operation of this subparagraph), no further amendment 
                shall be in order.
                    ``(E) Supermajority waiver and appeal.--In the 
                Senate, this paragraph may be waived or suspended only 
                by an affirmative vote of three-fifths of the Members, 
                duly chosen and sworn. An affirmative vote of three-
                fifths of 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 
                paragraph.
            ``(2) Deficit reduction required.--
                    ``(A) Each title reduces the deficit.--
                            ``(i) In general.--It shall not be in order 
                        to consider any title in legislation reported 
                        under subsection (d) that would increase the 
                        deficit over--
                                    ``(I) the period during which the 
                                level of deficit reduction specified in 
                                subsection (a)(1) is to be achieved; or
                                    ``(II) the period covered by the 
                                most recently agreed to concurrent 
                                resolution on the budget.
                            ``(ii) Point of order sustained.--If a 
                        point of order is made by a Senator against a 
                        title described in clause (i), and the point of 
                        order is sustained by the Chair, that title 
                        shall be stricken from the measure and may not 
                        be offered as an amendment from the floor.
                            ``(iii) Form of the point of order.--A 
                        point of order under clause (i) may be raised 
                        by a Senator as provided in section 313(e).
                            ``(iv) Conference reports.--When the Senate 
                        is considering a conference report on, or an 
                        amendment between the Houses in relation to, a 
                        bill or joint resolution, upon a point of order 
                        being made by any Senator pursuant to clause 
                        (i), and such point of order being sustained, 
                        such material contained in such conference 
                        report or House amendment shall be stricken, 
                        and the Senate shall proceed to consider the 
                        question of whether the Senate shall recede 
                        from its amendment and concur with a further 
                        amendment, or concur in the House amendment 
                        with a further amendment, as the case may be, 
                        which further amendment shall consist of only 
                        that portion of the conference report or House 
                        amendment, as the case may be, not so stricken. 
                        Any such motion in the Senate shall be 
                        debatable. In any case in which such point of 
                        order is sustained against a conference report 
                        (or Senate amendment derived from such 
                        conference report by operation of this clause), 
                        no further amendment shall be in order.
                            ``(v) Supermajority waiver and appeal.--In 
                        the Senate, this subparagraph may be waived or 
                        suspended only by an affirmative vote of three-
                        fifths of the Members, duly chosen and sworn. 
                        An affirmative vote of three-fifths of 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 
                        subparagraph.
                    ``(B) No amendments reducing the amount of deficit 
                reduction.--
                            ``(i) In general.--It shall not be in order 
                        to consider an amendment to legislation 
                        reported under subsection (d) that would reduce 
                        the amount of the decrease in the deficit, as 
                        compared to the legislation as reported by the 
                        Committee on Fiscal Control and the Budget of 
                        the Senate, over--
                                    ``(I) the period during which the 
                                level of deficit reduction specified in 
                                subsection (a)(1) is to be achieved; or
                                    ``(II) the period covered by the 
                                most recently agreed to concurrent 
                                resolution on the budget.
                            ``(ii) Supermajority waiver and appeal.--In 
                        the Senate, this subparagraph may be waived or 
                        suspended only by an affirmative vote of three-
                        fifths of the Members, duly chosen and sworn. 
                        An affirmative vote of three-fifths of 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 
                        subparagraph.
    ``(f) Consideration of Special Reconciliation Bills.--
            ``(1) Deadline.--Not later than July 30 of an even-numbered 
        year, the Senate shall proceed to consideration of legislation 
        reported under subsection (d).
            ``(2) Procedures.--
                    ``(A) In general.--Except as provided in 
                subparagraph (B), and subject to subsection (e), if the 
                Committee on Fiscal Control and the Budget of the 
                Senate reports legislation under subsection (d), the 
                provisions of section 305 for the consideration in the 
                Senate of concurrent resolutions on the budget and 
                conference reports thereon shall also apply to the 
                consideration in the Senate of such legislation and 
                conference reports thereon.
                    ``(B) Exceptions.--
                            ``(i) Debate.--Debate in the Senate on any 
                        legislation reported under subsection (d), and 
                        all amendments thereto and debatable motions 
                        and appeals in connection therewith, shall be 
                        limited to not more than 20 hours.
                            ``(ii) Amendments.--Paragraph (6) of 
                        section 305(b) shall not apply to legislation 
                        reported under subsection (d).
                    ``(C) Vetoes.--If the President vetoes legislation 
                reported under subsection (d), in the Senate there 
                shall be not more than 1 hour of debate on the veto 
                message, equally divided between the majority and 
                minority leaders or their designees.
            ``(3) Special rules for revenue measures.--
                    ``(A) In general.--If the legislation reported 
                under subsection (d) is a revenue measure, the majority 
                leader shall submit for publication in the 
                Congressional Record a written statement identifying a 
                bill of the House of Representatives that is a revenue 
                measure and that shall be used as the vehicle for 
                consideration of the legislation reported under 
                subsection (d).
                    ``(B) Motion to proceed.--A motion to proceed to 
                the consideration of a bill of the House of 
                Representatives identified in a written statement under 
                subparagraph (A) shall not be debatable.
                    ``(C) Substitute amendment.--
                            ``(i) In general.--If a motion to proceed 
                        to a bill of the House of Representatives 
                        identified in a written statement under 
                        subparagraph (A) is agreed to, the majority 
                        leader shall offer an amendment in the nature 
                        of a substitute to the bill, which shall 
                        consist only of the text of the legislation 
                        reported under subsection (d).
                            ``(ii) Treatment of text.--An amendment in 
                        the nature of a substitute offered under clause 
                        (i) shall be--
                                    ``(I) deemed to be agreed to, 
                                subject to further amendment;
                                    ``(II) treated as original text for 
                                purposes of germaneness and further 
                                amendment; and
                                    ``(III) considered in the same 
                                manner as legislation reported under 
                                subsection (d), in accordance with 
                                paragraph (2) of this subsection.
                    ``(D) No effect on points of order.--The fact that 
                legislation reported under subsection (d) is considered 
                as an amendment in the nature of a substitute to a bill 
                of the House of Representatives shall not preclude any 
                point of order that would lie against the legislation 
                if the legislation were considered as a bill of the 
                Senate reported by the Committee on Fiscal Control and 
                the Budget under subsection (d).''.
    (b) Technical and Conforming Amendment.--The table of contents in 
section 1(b) of the Congressional Budget and Impoundment Control Act of 
1974 is amended by inserting after the item relating to section 316, as 
added by section 202 of this Act, the following:

``Sec. 317. Special reconciliation instructions.''.

      TITLE V--CONGRESSIONAL BUDGET ENFORCEMENT AND ACCOUNTABILITY

SEC. 501. UP-TO-DATE TABULATIONS OF CONGRESSIONAL BUDGET ACTION.

    Section 308(b) of the Congressional Budget Act of 1974 (2 U.S.C. 
639(b)) is amended to read as follows:
    ``(b) Up-to-date Tabulations of Congressional Budget Action.--
            ``(1) CBO reports.--
                    ``(A) In general.--At the request of the Chairman 
                of the Committee on the Budget of the House of 
                Representatives or the Chairman of the Committee on 
                Fiscal Control and the Budget of the Senate, the 
                Director of the Congressional Budget Office shall 
                provide to each such committee reports detailing and 
                tabulating congressional action on bills and joint 
                resolutions providing an increase or decrease in budget 
                authority, outlays, or revenues for fiscal years 
                covered by a concurrent resolution on the budget.
                    ``(B) Contents.--Each report provided under 
                subparagraph (A) shall include, but is not limited to--
                            ``(i) an up-to-date tabulation comparing 
                        the appropriate aggregate levels included in 
                        the most recently adopted concurrent resolution 
                        on the budget with the levels resulting from 
                        current law, as modified by subsequently 
                        enacted legislation; and
                            ``(ii) an up-to-date calculation, for each 
                        committee of the House of Representatives and 
                        the Senate (other than the Committees on 
                        Appropriations), of the amount by which the 
                        committee is expected to exceed or not exceed, 
                        as the case may be, the allocation level 
                        described in section 302(a), as provided for 
                        the committee by the most recently adopted 
                        concurrent resolution on the budget.
            ``(2) Scorekeeping reports.--
                    ``(A) In general.--The Committee on the Budget of 
                the House of Representatives and the Committee on 
                Fiscal Control and the Budget of the Senate shall each 
                make available to Members of its House summary budget 
                scorekeeping reports.
                    ``(B) Contents.--Each report made available under 
                subparagraph (A) shall--
                            ``(i) be made available not less frequently 
                        than bimonthly to provide Members of each House 
                        an accurate representation of the current 
                        status of congressional consideration of the 
                        budget;
                            ``(ii) include, but is not limited to, 
                        summaries of tabulations and calculations 
                        provided under paragraph (1);
                            ``(iii) be based on information provided 
                        under paragraph (1) without substantive 
                        revision; and
                            ``(iv) be published in the Congressional 
                        Record and on a publicly accessible website by 
                        the Chairman of the Committee on the Budget of 
                        the House of Representatives or the Chairman of 
                        the Committee on Fiscal Control and the Budget 
                        of the Senate, as applicable, as soon as 
                        practicable.
                    ``(C) Submission to the speaker.--The Chairman of 
                the Committee on the Budget of the House of 
                Representatives shall submit each report made available 
                under subparagraph (A) to the Speaker.''.

SEC. 502. SURGICAL STRIKE POINT OF ORDER RELATING TO LEGISLATION 
              DEALING WITH THE CONGRESSIONAL BUDGET.

    Section 306(a) of the Congressional Budget Act of 1974 (2 U.S.C. 
637(a)) is amended to read as follows:
    ``(a) In the Senate.--
            ``(1) Point of order.--In the Senate, it shall not be in 
        order to consider a provision in a bill, joint resolution, 
        motion, amendment, amendment between the Houses, or conference 
        report containing any matter which is within the jurisdiction 
        of the Committee on Fiscal Control and the Budget of the Senate 
        unless the provision is in--
                    ``(A) a bill or joint resolution which has been 
                reported by the Committee on Fiscal Control and the 
                Budget of the Senate (or from the consideration of 
                which such committee has been discharged); or
                    ``(B) an amendment to, amendment between the Houses 
                in relation to, conference report on, or motion on a 
                bill or joint resolution described in subparagraph (A).
            ``(2) Point of order sustained.--If a point of order is 
        made by a Senator against a provision described in paragraph 
        (1), and the point of order is sustained by the Chair, that 
        provision shall be stricken from the measure and may not be 
        offered as an amendment from the floor.
            ``(3) Form of the point of order.--A point of order under 
        paragraph (1) may be raised by a Senator as provided in section 
        313(e).
            ``(4) Conference reports.--When the Senate is considering a 
        conference report on, or an amendment between the Houses in 
        relation to, a bill or joint resolution, upon a point of order 
        being made by any Senator pursuant to paragraph (1), and such 
        point of order being sustained, such material contained in such 
        conference report or House amendment shall be stricken, and the 
        Senate shall proceed to consider the question of whether the 
        Senate shall recede from its amendment and concur with a 
        further amendment, or concur in the House amendment with a 
        further amendment, as the case may be, which further amendment 
        shall consist of only that portion of the conference report or 
        House amendment, as the case may be, not so stricken. In the 
        Senate, debate on any such motion, and any debatable motions 
        and appeals in connection therewith, shall be limited to 1 
        hour. In any case in which such point of order is sustained 
        against a conference report (or Senate amendment derived from 
        such conference report by operation of this paragraph), no 
        further amendment shall be in order.''.

SEC. 503. GLOBAL WAIVER FOR GENERAL BUDGET POINTS OF ORDER.

    Section 904 of the Congressional Budget Act of 1974 (2 U.S.C. 621 
note) is amended by adding at the end the following:
    ``(f) Global Waiver for General Budget Points of Order.--
            ``(1) Definitions.--In this subsection--
                    ``(A) the term `general budget point of order' 
                means a point of order under this Act, the Balanced 
                Budget and Emergency Deficit Control Act of 1985, the 
                Statutory Pay-As-You-Go Act of 2010, or a concurrent 
                resolution on the budget that if sustained--
                            ``(i) in the case of a bill or joint 
                        resolution, the effect is the measure be 
                        recommitted to the appropriate committee for 
                        further consideration under section 312(f); or
                            ``(ii) in the case of any other measure, 
                        the effect is the same as if the Senate had 
                        disagreed to the measure; and
                    ``(B) the term `surgical strike point of order' 
                means a point of order under this Act, the Balanced 
                Budget and Emergency Deficit Control Act of 1985, the 
                Statutory Pay-As-You-Go Act of 2010, or a concurrent 
                resolution on the budget raised against a provision in 
                a measure that if sustained the effect is the provision 
                be stricken from the measure.
            ``(2) Waiver.--In the Senate, it shall be in order for a 
        Senator to move to waive all applicable general budget points 
        of order with respect to a bill, joint resolution, concurrent 
        resolution, motion, amendment, amendment between the Houses, or 
        conference report. An affirmative vote of three-fifths of the 
        Members of the Senate, duly chosen and sworn, shall be required 
        to sustain a motion made under this paragraph.
            ``(3) Prohibition.--
                    ``(A) In general.--In the Senate, it shall not be 
                in order for a Senator to move to waive all applicable 
                surgical strike points of order with respect to a bill, 
                joint resolution, concurrent resolution, motion, 
                amendment, amendment between the Houses, or conference 
                report, unless in response to a point of order being 
                raised.
                    ``(B) No waiver.--In the Senate, it shall not be in 
                order to move to waive or suspend subparagraph (A).''.

SEC. 504. POINT OF ORDER AGAINST CERTAIN CHANGES IN MANDATORY PROGRAMS 
              AFFECTING THE CRIME VICTIMS FUND.

    (a) Amendment.--Title IV of the Congressional Budget Act of 1974 (2 
U.S.C. 651 et seq.) is amended by adding at the end the following:

   ``PART C--ADDITIONAL LIMITATIONS ON BUDGETARY AND APPROPRIATIONS 
                              LEGISLATION

``SEC. 441. POINT OF ORDER AGAINST CHANGES IN MANDATORY PROGRAMS 
              AFFECTING THE CRIME VICTIMS FUND.

    ``(a) Definitions.--In this section--
            ``(1) the term `CHIMP' means a provision that--
                    ``(A) would have been estimated as affecting direct 
                spending or receipts under section 252 of the Balanced 
                Budget and Emergency Deficit Control Act of 1985 (2 
                U.S.C. 902) (as in effect prior to September 30, 2002) 
                if the provision was included in legislation other than 
                an appropriation Act; and
                    ``(B) results in a net decrease in budget authority 
                in the current year or the budget year, but does not 
                result in a net decrease in outlays over the period of 
                the total of the current year, the budget year, and all 
                fiscal years covered under the most recently adopted 
                concurrent resolution on the budget;
            ``(2) the term `Crime Victims Fund' means the Crime Victims 
        Fund established under section 1402 of the Victims of Crime Act 
        of 1984 (34 U.S.C. 20101); and
            ``(3) the term `3-year average amount' means the annual 
        average amount that was deposited into the Crime Victims Fund 
        during the 3-fiscal-year period beginning on October 1 of the 
        fourth fiscal year before the fiscal year to which a CHIMP 
        affecting the Crime Victims Fund applies.
    ``(b) Point of Order in the Senate.--
            ``(1) Point of order.--
                    ``(A) In general.--In the Senate, it shall not be 
                in order to consider a provision in a bill or joint 
                resolution making appropriations for all or a portion 
                of a fiscal year, or an amendment thereto, amendment 
                between the Houses in relation thereto, conference 
                report thereon, or motion thereon, that contains a 
                CHIMP that, if enacted, would cause the amount 
                available for obligation during the fiscal year from 
                the Crime Victims Fund to be less than the 3-year 
                average amount.
                    ``(B) Point of order sustained.--If a point of 
                order is made by a Senator against a provision 
                described in subparagraph (A), and the point of order 
                is sustained by the Chair, that provision shall be 
                stricken from the measure and may not be offered as an 
                amendment from the floor.
            ``(2) Form of the point of order.--A point of order under 
        paragraph (1) may be raised by a Senator as provided in section 
        313(e).
            ``(3) Conference reports.--When the Senate is considering a 
        conference report on, or an amendment between the Houses in 
        relation to, a bill or joint resolution, upon a point of order 
        being made by any Senator pursuant to paragraph (1), and such 
        point of order being sustained, such material contained in such 
        conference report or House amendment shall be stricken, and the 
        Senate shall proceed to consider the question of whether the 
        Senate shall recede from its amendment and concur with a 
        further amendment, or concur in the House amendment with a 
        further amendment, as the case may be, which further amendment 
        shall consist of only that portion of the conference report or 
        House amendment, as the case may be, not so stricken. Any such 
        motion in the Senate shall be debatable. In any case in which 
        such point of order is sustained against a conference report 
        (or Senate amendment derived from such conference report by 
        operation of this paragraph), no further amendment shall be in 
        order.
            ``(4) Supermajority waiver and appeal.--In the Senate, this 
        subsection may be waived or suspended only by an affirmative 
        vote of three-fifths of the Members, duly chosen and sworn. An 
        affirmative vote of three-fifths of 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 
        subsection.
            ``(5) Determination.--For purposes of this subsection, 
        budgetary levels shall be determined on the basis of estimates 
        provided by the Chairman of the Committee on Fiscal Control and 
        the Budget of the Senate.
    ``(c) Point of Order in the House of Representatives.--
            ``(1) In general.--A provision in a bill or joint 
        resolution making appropriations for a fiscal year that 
        proposes a CHIMP that, if enacted, would cause the amount 
        available for obligation during the fiscal year from the Crime 
        Victims Fund to be less than the 3-year average amount shall 
        not be in order in the House of Representatives.
            ``(2) Amendments and conference reports.--It shall not be 
        in order in the House of Representatives to consider an 
        amendment to, or a conference report on, a bill or joint 
        resolution making appropriations for a fiscal year if such 
        amendment thereto or conference report thereon proposes a CHIMP 
        that, if enacted, would cause the amount available for 
        obligation during the fiscal year from the Crime Victims Fund 
        to be less than the 3-year average amount.
            ``(3) Determination.--For purposes of this subsection, 
        budgetary levels shall be determined on the basis of estimates 
        provided by the Chairman of the Committee on the Budget of the 
        House of Representatives.''.
    (b) Technical and Conforming Amendment.--The table of contents in 
section 1(b) of the Congressional Budget and Impoundment Control Act of 
1974 is amended by inserting after the item relating to section 428 the 
following:

   ``PART C--Additional Limitations on Budgetary and Appropriations 
                              Legislation

``Sec. 441. Point of order against changes in mandatory programs 
                            affecting the Crime Victims Fund.''.

SEC. 505. IMPOUNDMENTS.

    (a) Findings.--Congress finds the following:
            (1) The Impoundment Control Act of 1974 (2 U.S.C. 681 et 
        seq.) prevents the executive branch from unilaterally 
        rescinding budget authority appropriated by Congress.
            (2) One of the stated purposes of the Congressional Budget 
        and Impoundment Control Act of 1974 (2 U.S.C. 621 et seq.) is 
        ``to establish a procedure providing congressional control over 
        the impoundment of funds by the executive branch''.
            (3) The Impoundment Control Act of 1974 (2 U.S.C. 681 et 
        seq.) requires congressional approval for any rescission 
        proposed by the executive branch.
            (4) The Impoundment Control Act of 1974 (2 U.S.C. 681 et 
        seq.) allows the executive branch to withhold funds for a 
        limited time to accommodate congressional consideration of a 
        rescission proposal, but does not delegate rescission authority 
        from Congress to the executive branch by permitting the 
        executive branch to withhold funds until budget authority 
        lapses.
            (5) The Government Accountability Office affirmed in a 
        legal opinion on December 10, 2018 that, ``the ICA does not 
        permit the withholding of funds through their date of 
        expiration'' and ``requires that budget authority be made 
        available in sufficient time to be prudently obligated''.
    (b) Purpose.--The purpose of this section, and the amendment made 
by this section, is to provide increased fiscal transparency and expand 
upon the existing requirements under the Impoundment Control Act of 
1974 (2 U.S.C. 681 et seq.) to make budget authority prudently 
available for obligation.
    (c) Amendment.--The Impoundment Control Act of 1974 (2 U.S.C. 681 
et seq.) is amended by adding at the end the following:

``SEC. 1018. REPORTS.

    ``(a) Apportionment of Appropriations.--
            ``(1) In general.--Not later than 90 days after the date of 
        enactment of this section, the Office of Management and Budget 
        shall complete implementation of an automated system to post 
        each document apportioning an appropriation, pursuant to 
        section 1512 of title 31, United States Code, including any 
        associated footnotes, on a publicly accessible website in a 
        machine readable format, on the date of approval of such form 
        by the Office of Management and Budget, and shall place on such 
        website each document apportioning an appropriation, pursuant 
        to section 1512 of title 31, United States Code, including any 
        associated footnotes, already approved by the Office of 
        Management and Budget in fiscal year 2020, and shall report the 
        date of completion of such requirements to the Committee on 
        Fiscal Control and the Budget and the Committee on 
        Appropriations of the Senate and the Committee on the Budget 
        and the Committee on Appropriations of the House of 
        Representatives.
            ``(2) Report.--Not later than 60 days after the date of 
        enactment of this section, and each month thereafter, the 
        Director of the Office of Management and Budget shall provide 
        to the Committee on Fiscal Control and the Budget and the 
        Committee on Appropriations of the Senate and the Committee on 
        the Budget and the Committee on Appropriations of the House of 
        Representatives a report containing the bureau, account name, 
        appropriation name, and Treasury account fund symbol of each 
        document requesting apportionment of an appropriation, pursuant 
        to section 1512 of title 31, United States Code, that has not 
        been approved by the Office of Management and Budget and that 
        an agency initially submitted to Office of Management and 
        Budget 30 days or more prior to the date of the report.
    ``(b) Budget Authority.--
            ``(1) In general.--With respect to budget authority 
        proposed to be rescinded or that is set to be reserved or 
        proposed to be deferred in a special message transmitted under 
        section 1012 or 1013, such budget authority--
                    ``(A) shall be made available for obligation in 
                sufficient time to be prudently obligated as required 
                under section 1012(b) or 1013; and
                    ``(B) may not be deferred or otherwise withheld 
                from obligation during the 60-day period before the 
                expiration of the period of availability of such budget 
                authority, including, if applicable, the 60-day period 
                before the expiration of an initial period of 
                availability for which such budget authority was 
                provided.
            ``(2) Review.--
                    ``(A) In general.--The Comptroller General shall 
                review compliance with this subsection and shall submit 
                to the Committee on Fiscal Control and the Budget and 
                the Committee on Appropriations of the Senate and the 
                Committee on the Budget and the Committee on 
                Appropriations of the House of Representatives a 
                report, and any relevant information related to the 
                report, on the lack of compliance with this subsection 
                as soon as practicable after the Comptroller General 
                discovers such noncompliance.
                    ``(B) Information and documentation.--The President 
                shall provide information and documentation to the 
                Comptroller General, as is determined by the 
                Comptroller General to be necessary to determine such 
                compliance.
            ``(3) Penalties.--
                    ``(A) In general.--If any officer or employee of an 
                Executive agency violates this subsection, the head of 
                the agency shall report such violation immediately as 
                required under section 1351 of title 31, United States 
                Code, as if violation of this subsection was a 
                violation of section 1341(a) or 1342 of that title.
                    ``(B) Administrative discipline.--Any officer or 
                employee of the United States Government violating this 
                subsection shall be subject to appropriate 
                administrative discipline under section 1349(a) of such 
                title as if violation of this subsection was a 
                violation of section 1341(a) or 1342 of that title.''.

SEC. 506. EFFECTIVE DATE.

    The amendments made by this title shall take effect on the date of 
enactment of this Act.

                           TITLE VI--REPORTS

SEC. 601. REPORTS TO THE COMMITTEE ON FISCAL CONTROL AND THE BUDGET OF 
              THE SENATE AND THE COMMITTEE ON THE BUDGET OF THE HOUSE 
              OF REPRESENTATIVES.

    (a) In General.--Section 202(e) of the Congressional Budget Act of 
1974 (2 U.S.C. 602(e)) is amended--
            (1) by striking paragraph (2) and inserting the following:
            ``(2) The Director shall from time to time, as may be 
        necessary or appropriate to provide the Committee on the Budget 
        of the House of Representatives and the Committee on Fiscal 
        Control and the Budget of the Senate with information, data, 
        and analyses for the performance of their duties and functions, 
        submit to such committees further reports, including reports--
                    ``(A) revising the report required under paragraph 
                (1);
                    ``(B) analyzing the accuracy of the projections of 
                the Office of economic factors, total outlays, 
                revenues, surpluses or deficits, and debt;
                    ``(C) analyzing the accuracy of estimates, 
                comparisons, or descriptions, or components thereof, 
                that the Office prepared for legislation that has been 
                enacted; and
                    ``(D) updating economic projections, including 
                projections of the ratio of the debt held by the public 
                to the gross domestic product of the United States.''; 
                and
            (2) by adding at the end the following:
            ``(4) On or before December 20 of each year, the Director 
        shall submit to the Committee on the Budget of the House of 
        Representatives and the Committee on Fiscal Control and the 
        Budget of the Senate a report on--
                    ``(A) planned and recent transparency efforts, 
                including proposals on making supporting documents 
                covering methods and assumptions used in analyses and 
                cost estimates publicly available; and
                    ``(B) the feasibility of placing interactive models 
                online and releasing source code for computer programs 
                used in its analysis.
            ``(5) On or before January 15 of each year, the Director 
        shall submit to the Committee on the Budget of the House of 
        Representatives and the Committee on Fiscal Control and the 
        Budget of the Senate 1 or more reports analyzing the accuracy 
        of the projections of the Office of total outlays and revenues 
        for the previous fiscal year.
            ``(6)(A) The Director shall, to the extent practicable, 
        make public supplemental information for estimates provided by 
        the Office--
                    ``(i) in the case of major legislation described in 
                subparagraph (B)(i)(I), not later than 1 year after the 
                date of enactment of that legislation; and
                    ``(ii) in the case of major legislation described 
                in subparagraph (B)(i)(II), at a date prescribed by the 
                chairman of the Committee on Fiscal Control and the 
                Budget of the Senate or the Committee on the Budget of 
                the House of Representatives.
            ``(B) In this paragraph:
                    ``(i) The term `major legislation' means a bill, 
                joint resolution, conference report, amendment, 
                amendment between the Houses, or treaty considered in 
                the Senate for which an estimate was prepared pursuant 
                to section 402(a)--
                            ``(I) that--
                                    ``(aa) was enacted; and
                                    ``(bb) causes a gross budgetary 
                                effect (before incorporating 
                                macroeconomic effects and not including 
                                timing shifts) in a fiscal year in the 
                                period of years of the most recently 
                                agreed to concurrent resolution on the 
                                budget equal to or greater than--
                                            ``(AA) 0.25 percent of the 
                                        current projected gross 
                                        domestic product of the United 
                                        States for that fiscal year; or
                                            ``(BB) for a treaty, equal 
                                        to or greater than 
                                        $15,000,000,000 for that fiscal 
                                        year; or
                            ``(II) designated as such by the Chairman 
                        of the Committee on Fiscal Control and the 
                        Budget of the Senate or the Chairman of the 
                        Committee on the Budget of the House of 
                        Representatives.
                    ``(ii) The term `supplemental information'--
                            ``(I) means the principal information used 
                        in estimating the costs and other fiscal or 
                        economic effects of major legislation; and
                            ``(II) includes key fiscal or policy 
                        models, assumptions, data preparation routines, 
                        and other similar information.''.
    (b) Applicability.--This amendments made by this section shall 
apply to estimates made on or after the date of enactment of this Act.

SEC. 602. REPORTING ON INTEREST EFFECTS AND BUDGETARY EFFECTS.

    (a) In General.--Section 402 of the Congressional Budget Act of 
1974 (2 U.S.C. 653) is amended--
            (1) in the matter preceding paragraph (1)--
                    (A) by inserting ``(a)'' before ``The Director''; 
                and
                    (B) by striking ``except the Committee on 
                Appropriations of each House'' and inserting ``except 
                that, for the Committee on Appropriations of each 
                House, the Director shall prepare a report only with 
                respect to a supplemental appropriation bill (which 
                shall include an estimate of the interest effects of 
                the bill)'';
            (2) in paragraph (1)--
                    (A) by striking ``4'' and inserting ``9''; and
                    (B) by inserting before the semicolon at the end 
                the following: ``, which shall include, and appear as 
                supplemental information in the estimate, year-by-year 
                estimates of the cost of servicing the debt produced as 
                a result of carrying out such bill or resolution'';
            (3) in the undesignated matter following subsection (a)(3), 
        as so designated, by striking ``The estimates'' and inserting 
        the following:
    ``(b) The estimates''; and
            (4) by adding at the end the following:
    ``(c) The Director of the Congressional Budget Office shall, to the 
extent practicable, prepare for each bill or resolution of a public 
character reported by the Committee on Appropriations of each House and 
submit to such committee--
            ``(1) an estimate of the costs that would be incurred in 
        carrying out such bill or resolution in the fiscal year in 
        which the bill or resolution is to become effective;
            ``(2) an estimate of the costs for any advance 
        appropriations in the bill or resolution for the fiscal year in 
        which the budget authority for those appropriations first 
        becomes effective; and
            ``(3) a year-by-year estimate for any provision of the bill 
        or resolution that would have been estimated as affecting 
        direct spending or receipts under section 252 of the Balanced 
        Budget and Emergency Deficit Control Act of 1985 (2 U.S.C. 902) 
        (as in effect prior to September 30, 2002) if the provision was 
        included in legislation other than an appropriation Act.''.
    (b) Applicability.--The amendments made by this section shall apply 
to estimates made on or after the date of enactment of this Act.

SEC. 603. PORTFOLIO BUDGETING.

    (a) In General.--Section 202(e) of the Congressional Budget Act of 
1974 (2 U.S.C. 602(e)), as amended by section 601 of this Act, is 
amended by adding at the end the following:
            ``(7)(A) After November 15 of each year, the Director shall 
        submit to the Committee on Fiscal Control and the Budget of the 
        Senate and the Committee on the Budget of the House of 
        Representatives a report that includes--
                    ``(i) a list of all accounts in each functional 
                category in the portfolio for the respective fiscal 
                year described in subparagraph (B), as well as a list 
                of tax expenditures relevant to each category;
                    ``(ii) levels of budget authority for the previous 
                5 fiscal years for each account in each functional 
                category, sorted by discretionary and mandatory 
                amounts;
                    ``(iii) a list of major trust funds in each 
                portfolio and an accounting of the most recently 
                available projection of spending and nongovernmental 
                receipts dedicated to each trust fund;
                    ``(iv) the projected date of exhaustion under 
                current law for any entitlement authority derived from 
                a trust fund;
                    ``(v) options to reduce the deficit focused on the 
                major functional categories in the portfolio, including 
                options involving tax expenditures and other revenue; 
                and
                    ``(vi) an analysis of various alternative scenarios 
                affecting major accounts in each such portfolio, 
                including relevant tax expenditures, and the potential 
                budgetary and economic ramifications.
            ``(B) The portfolio described in this subparagraph shall 
        include the following major functional categories:
                    ``(i) For fiscal year 2022, and every fifth fiscal 
                year thereafter--
                            ``(I) National Defense (050);
                            ``(II) International Affairs (150);
                            ``(III) Veterans Benefits and Services 
                        (700); and
                            ``(IV) Administration of Justice (750).
                    ``(ii) For fiscal year 2023, and every fifth fiscal 
                year thereafter--
                            ``(I) Health (550); and
                            ``(II) Medicare (570).
                    ``(iii) For fiscal year 2024, and every fifth 
                fiscal year thereafter--
                            ``(I) General Science, Space, and 
                        Technology (250);
                            ``(II) Transportation (400);
                            ``(III) Community and Regional Development 
                        (450); and
                            ``(IV) Education, Training, Employment, and 
                        Social Services (500).
                    ``(iv) For fiscal year 2025, and every fifth fiscal 
                year thereafter--
                            ``(I) Energy (270);
                            ``(II) Natural Resources and Environment 
                        (300);
                            ``(III) Agriculture (350); and
                            ``(IV) General Government (800).
                    ``(v) For fiscal year 2026, and every fifth fiscal 
                year thereafter--
                            ``(I) Commerce and Housing Credit (370);
                            ``(II) Income Security (600); and
                            ``(III) Social Security (650).''.
    (b) GAO Report.--On or before November 15 of each year, the 
Comptroller General shall submit to the Committee on Fiscal Control and 
the Budget of the Senate and the Committee on the Budget of the House 
of Representatives a report with respect to the portfolios described in 
paragraph (7)(B) of 202(e) of the Congressional Budget Act of 1974 (2 
U.S.C. 602(e)), as added by subsection (a) of this section, for the 
major functional categories in each portfolio, to be submitted in the 
order described in that paragraph, that includes--
            (1) a list of duplicative, overlapping, and fragmented 
        accounts and tax expenditures in each portfolio, taking into 
        consideration the goals of each account or tax expenditure;
            (2) a list of any high-risk programs or tax expenditures in 
        the portfolio;
            (3) a list of programs with a primary source of funding 
        that has moved from direct spending to discretionary spending 
        or program funding that has moved from discretionary spending 
        to direct spending;
            (4) an analysis of various alternative scenarios affecting 
        major accounts or tax expenditures in each such portfolio and 
        the potential budgetary and economic ramifications; and
            (5) legislative and funding history for the 10 largest 
        accounts or tax expenditures with greater than $1,000,000,000 
        in budget authority or reductions in tax liabilities with the 
        greatest percentage of fluctuations in budget authority or 
        reductions in tax liabilities in each portfolio over the most 
        recent 5-year period.

SEC. 604. BUDGET CONTENTS AND SUBMISSION TO CONGRESS.

    Section 1105(a) of title 31, United States Code, is amended by 
adding at the end the following:
            ``(40) a separate volume for proposals relating to each 
        portfolio for the relevant fiscal year described in paragraph 
        (7)(B) of section 202(e) of the Congressional Budget Act of 
        1974 (2 U.S.C. 602(e)), which shall include justifications for 
        any change to a Government activity or function.''.

     TITLE VII--MODIFICATION OF CONSIDERATION OF BUDGET RESOLUTION

SEC. 701. MODIFICATION OF CONSIDERATION OF BUDGET RESOLUTION.

    Section 305(b) of the Congressional Budget Act of 1974 (2 U.S.C. 
636(b)) is amended--
            (1) in the subsection heading, by striking ``Debate'' and 
        inserting ``Consideration'';
            (2) in paragraph (1)--
                    (A) in the first sentence--
                            (i) by striking ``Debate in the Senate on'' 
                        and inserting ``Consideration in the Senate 
                        of''; and
                            (ii) by striking ``such debate'' and 
                        inserting ``such consideration''; and
                    (B) by inserting after the first sentence the 
                following: ``Up to 15 minutes of the time elapsed 
                during each vote by the Senate in relation to an 
                amendment to or motion on a concurrent resolution on 
                the budget shall be counted in determining the period 
                of consideration of the resolution by the Senate.'';
            (3) in paragraph (2), by striking ``2 hours'' and inserting 
        ``1 hour'';
            (4) in paragraph (3)--
                    (A) by inserting ``(A)'' before ``Following'';
                    (B) by striking ``four hours'' and inserting ``2 
                hours''; and
                    (C) by adding at the end the following:
            ``(B)(i) Following the expiration of the period described 
        in subparagraph (A), consideration with respect to amendments 
        to the resolution shall be in order. General debate in the 
        Senate on a concurrent resolution on the budget shall be 
        limited to 20 hours, which shall include the 2-hour period 
        described in subparagraph (A), with all remaining time for 
        consideration reserved for amendments.
            ``(ii) Amendments shall be nondivisible.
            ``(iii)(I) The opportunity to offer and have immediately 
        considered an amendment to a concurrent resolution on the 
        budget shall alternate between the members of the majority and 
        the members of the minority.
            ``(II) If the members of the majority or the members of the 
        minority elect not to offer an amendment when presented an 
        opportunity under this clause (including under subclause (III) 
        of this clause), the members of the minority or the members of 
        the majority, respectively, shall have the opportunity to offer 
        and have immediately considered an amendment to a concurrent 
        resolution on the budget.
            ``(III) After an amendment offered under subclause (II) by 
        the members of the majority or the members of the minority is 
        disposed of, the members of the minority or the members of the 
        majority, respectively, shall have the opportunity to offer and 
        have immediately considered an amendment to a concurrent 
        resolution on the budget.'';
            (5) in paragraph (5), by adding at the end the following: 
        ``A motion to table such a motion to recommit shall be in order 
        at any time.'';
            (6) by redesignating paragraph (6) as paragraph (7); and
            (7) by inserting after paragraph (5) the following:
            ``(6) After the conclusion of the period for consideration 
        of a concurrent resolution on the budget, the Senate shall 
        proceed, without any further debate on any question, to vote on 
        the final disposition thereof to the exclusion of all 
        amendments not then actually pending before the Senate at that 
        time and to the exclusion of all motions, except a motion to 
        table or to reconsider and 1 quorum call on demand to establish 
        the presence of a quorum (and motions required to establish a 
        quorum) immediately before the vote on adoption of the 
        concurrent resolution on the budget begins.''.

                       TITLE VIII--EFFECTIVE DATE

SEC. 801. EFFECTIVE DATE; APPLICABILITY.

    Except as provided in sections 506, 601(b), and 602(b), this Act 
and the amendments made by this Act shall--
            (1) take effect on the date of enactment of this Act; and
            (2) apply with respect to fiscal year 2022 and each fiscal 
        year thereafter.
                                                       Calendar No. 306

116th CONGRESS

  1st Session

                                S. 2765

_______________________________________________________________________

                                 A BILL

    To improve Federal fiscal controls and the congressional budget 
                                process.

_______________________________________________________________________

                           November 13, 2019

                       Reported with an amendment