[Congressional Record Volume 157, Number 116 (Friday, July 29, 2011)]
[Senate]
[Pages S5078-S5086]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                           TEXT OF AMENDMENTS

  SA 589. Mr. REID proposed an amendment to the bill S. 627, to 
establish the Commission on Freedom of Information Act Processing 
Delays; as follows:

       Strike all after ``Section'' and insert the following:

     1. SHORT TITLE AND TABLE OF CONTENTS.

       (a) Short Title.--This Act may be cited as the ``Budget 
     Control Act of 2011''.
       (b) Table of Contents.--The table of contents for this Act 
     is as follows:

Sec. 1. Short title and table of contents.

          TITLE I--DISCRETIONARY SPENDING CAPS AND ENFORCEMENT

Sec. 101. Discretionary spending limits.
Sec. 102. Senate budget enforcement.

                     TITLE II--OTHER SPENDING CUTS

    Subtitle A--Federal Pell Grant and Student Loan Program Changes

Sec. 211. Federal Pell Grant and student loan program changes.

                       Subtitle B--Farm Programs

Sec. 221. Definition of payment acres.

         TITLE III--JOINT SELECT COMMITTEE ON DEFICIT REDUCTION

Sec. 301. Establishment of Joint Select Committee.
Sec. 302. Expedited consideration of joint committee recommendations.
Sec. 303. Funding.
Sec. 304. Rulemaking.

               TITLE IV--DEBT CEILING DISAPPROVAL PROCESS

Sec. 401. Debt ceiling disapproval process.

          TITLE I--DISCRETIONARY SPENDING CAPS AND ENFORCEMENT

     SEC. 101. DISCRETIONARY SPENDING LIMITS.

       (a) Point of Order.--It shall not be in order in the House 
     of Representatives or the

[[Page S5079]]

     Senate to consider any bill, resolution, amendment, motion or 
     conference report that includes any provision that would 
     cause the discretionary spending limits as set forth in this 
     section to be exceeded.
       (b) Limits.--
       (1) In general.--In this section, the term ``discretionary 
     spending limits'' has the following meaning subject to 
     adjustments in paragraph (2) and subsection (c):
       (A) For fiscal year 2012--
       (i) for the security category $606,000,000,000 in budget 
     authority; and
       (ii) for the nonsecurity category $439,000,000,000 in 
     budget authority.
       (B) For fiscal year 2013--
       (i) for the security category $607,000,000,000 in budget 
     authority; and
       (ii) for the nonsecurity category $440,000,000,000 in 
     budget authority.
       (C) For fiscal year 2014, for the discretionary category, 
     $1,068,000,000,000 in budget authority.
       (D) For fiscal year 2015, for the discretionary category, 
     $1,089,000,000,000 in budget authority.
       (E) For fiscal year 2016, for the discretionary category, 
     $1,111,000,000,000 in budget authority.
       (F) For fiscal year 2017, for the discretionary category, 
     $1,134,000,000,000 in budget authority.
       (G) For fiscal year 2018, for the discretionary category, 
     $1,156,000,000,000 in budget authority.
       (H) For fiscal year 2019, for the discretionary category, 
     $1,180,000,000,000 in budget authority.
       (I) For fiscal year 2020, for the discretionary category, 
     $1,203,000,000,000 in budget authority.
       (J) For fiscal year 2021, for the discretionary category, 
     $1,227,000,000,000 in budget authority.
       (2) Authorized adjustment to limits.--
       (A) Adjustments for budget submission.--When the President 
     submits a budget under section 1105 of title 31, United 
     States Code, OMB shall calculate and the budget shall include 
     adjustments to discretionary spending limits (and those 
     limits as cumulatively adjusted) for the budget year and each 
     out year equal to the baseline levels of new budget authority 
     using up-to-date concepts and definitions minus those levels 
     using the concepts and definitions in effect before such 
     changes. Such changes may only be made after consultation 
     with the committees on Appropriations and the Budget of the 
     House of Representatives and the Senate and that consultation 
     shall include written communication to such committees that 
     affords such committees the opportunity to comment before 
     official action is taken with respect to such changes.
       (B) Adjustments for congressional enforcement.--For the 
     purposes of Congressional enforcement of the limits in this 
     section, the Chairmen of the Committees on the Budget of the 
     Senate and House of Representatives may adjust the 
     discretionary spending limits in amounts equal to the 
     adjustments made pursuant to subparagraph (A) as contained in 
     the President's budget. Any adjustment made pursuant to this 
     subparagraph shall not constitute a repeal or change to the 
     limits contained in this section.
       (c) Estimates and Other Adjustments.--
       (1) In general.--
       (A) Limits and suballocations for congressional 
     enforcement.--After the reporting of a bill or joint 
     resolution relating to any matter described in paragraph (2), 
     (3), or (4), or the offering of an amendment thereto or the 
     submission of a conference report thereon--
       (i) for the purposes of enforcement of the discretionary 
     spending limits in the Senate and the House of 
     Representatives, the Chairman of the Committee on the Budget 
     of that House may adjust the discretionary spending limits in 
     this section, the budgetary aggregates in the concurrent 
     resolution on the budget most recently adopted by the Senate 
     and the House of Representatives, and allocations pursuant to 
     section 302(a) of the Congressional Budget Act of 1974, by 
     the amount of new budget authority in that measure for that 
     purpose; and
       (ii) following any adjustment under clause (i), the 
     Committee on Appropriations of that House may report 
     appropriately revised suballocations pursuant to section 
     302(b) of the Congressional Budget Act of 1974 to carry out 
     this subsection.
       (B) Other adjustments.--For the purposes of determining an 
     end of the year sequester pursuant to subsection (f), when 
     OMB submits a sequestration report under subsection (f)(7) 
     for a fiscal year, OMB shall calculate, and the sequestration 
     report and subsequent budgets submitted by the President 
     under section 1105(a) of title 31, United States Code, shall 
     include, adjustments to discretionary spending limits (and 
     those limits as adjusted) for the fiscal year and each 
     succeeding year through 2021 upon the enactment of a bill or 
     resolution relating to any matter described in paragraphs 
     (2), (3), or (4).
       (C) Estimates.--
       (i) CBO estimates.--As soon as practicable after Congress 
     completes action on any discretionary appropriation, CBO, 
     after consultation with the Committees on the Budget of the 
     House of Representatives and the Senate, shall provide OMB 
     with an estimate of the amount of discretionary new budget 
     authority for the current year (if any) and the budget year 
     provided by that legislation.
       (ii) OMB estimates and explanation of differences.--

       (I) In general.--Not later than 7 calendar days (excluding 
     Saturdays, Sundays, and legal holidays) after the date of 
     enactment of any discretionary appropriation, OMB shall make 
     publicly available on the day it is issued and, on the 
     following day, shall be printed in the Federal Register a 
     report containing the CBO estimate of that legislation, an 
     OMB estimate of the amount of discretionary new budget 
     authority for the current year (if any) and the budget year 
     provided by that legislation, and an explanation of any 
     difference between the 2 estimates.
       (II) Differences.--If during the preparation of the report 
     OMB determines that there is a significant difference between 
     OMB and CBO, OMB shall consult with the Committees on the 
     Budget of the House of Representatives and the Senate 
     regarding that difference and that consultation shall 
     include, to the extent practicable, written communication to 
     those committees that affords such committees the opportunity 
     to comment before the issuance of the report.

       (D) Assumptions and guidelines.--OMB estimates under 
     subparagraph (C) shall be made using current economic and 
     technical assumptions. In its final sequestration report, OMB 
     shall use the OMB estimates transmitted to the Congress under 
     this paragraph. OMB and CBO shall prepare estimates under 
     this paragraph in conformance with scorekeeping guidelines 
     determined after consultation among the House and Senate 
     Committees on the Budget, CBO, and OMB.
       (E) Annual appropriations.--For purposes of this paragraph, 
     amounts provided by annual appropriations shall include any 
     new budget authority for the current year (if any) and the 
     advance appropriations that become available in the budget 
     year from previously enacted legislation.
       (2) Other adjustments.--Other adjustments referred to in 
     paragraph (1)(B) are as follows:
       (A) Continuing disability reviews and ssi 
     redeterminations.--
       (i) In general.--If a bill or joint resolution is reported 
     making appropriations in a fiscal year of the first amount 
     specified in subclauses (I) through (X) of clause (ii) for 
     that fiscal year for continuing disability reviews and 
     Supplemental Security Income redeterminations under the 
     heading ``Limitation on Administrative Expenses'' for the 
     Social Security Administration, and provides an additional 
     appropriation for continuing disability reviews and 
     Supplemental Security Income redeterminations for the Social 
     Security Administration, or one or more initiatives that the 
     Office of the Chief Actuary determines would be at least as 
     cost effective as a redetermination of eligibility under the 
     heading ``Limitation on Administrative Expenses'' for the 
     Social Security Administration of up to an amount further 
     specified in that subclause, then the discretionary spending 
     limits, allocation to the Committees on Appropriations of 
     each House, and aggregates for that fiscal year may be 
     adjusted by the amount in budget authority not to exceed the 
     additional appropriation provided in such legislation for 
     that purpose for that fiscal year.
       (ii) Amounts specified.--The amounts specified are--

       (I) for fiscal year 2012, an appropriation of $758,000,000, 
     and an additional appropriation of $237,000,000;
       (II) for fiscal year 2013, an appropriation of 
     $758,000,000, and an additional appropriation of 
     $390,000,000;
       (III) for fiscal year 2014, an appropriation of 
     $778,000,000, and an additional appropriation of 
     $559,000,000;
       (IV) for fiscal year 2015, an appropriation of 
     $799,000,000, and an additional appropriation of 
     $774,000,000;
       (V) for fiscal year 2016, an appropriation of $822,000,000, 
     and an additional appropriation of $778,000,000;
       (VI) for fiscal year 2017, an appropriation of 
     $849,000,000, and an additional appropriation of 
     $804,000,000;
       (VII) for fiscal year 2018, an appropriation of 
     $877,000,000, and an additional appropriation of 
     $831,000,000;
       (VIII) for fiscal year 2019, an appropriation of 
     $906,000,000, and an additional appropriation of 
     $860,000,000;
       (IX) for fiscal year 2020, an appropriation of 
     $935,000,000, and an additional appropriation of 
     $890,000,000; and
       (X) for fiscal year 2021, an appropriation of $963,000,000, 
     and an additional appropriation of $924,000,000.

       (iii) Definitions.--As used in this subparagraph, the terms 
     ``continuing disability reviews'' and ``Supplemental Security 
     Income redeterminations'' mean continuing disability reviews 
     under titles II and XVI of the Social Security Act and 
     redeterminations of eligibility under title XVI of the Social 
     Security Act.
       (iv) Report.--The Commissioner of Social Security shall 
     provide annually to the Congress a report on continuing 
     disability reviews and Supplemental Security Income 
     redeterminations which includes--

       (I) the amount spent on continuing disability reviews and 
     Supplemental Security Income redeterminations in the fiscal 
     year covered by the report, and the number of reviews and 
     redeterminations conducted, by category of review or 
     redetermination;
       (II) the results of the continuing disability reviews and 
     Supplemental Security Income redeterminations in terms of 
     cessations of benefits or determinations of continuing 
     eligibility, by program; and

[[Page S5080]]

       (III) the estimated savings over the 
     short-, medium-, and long-term to the Old-age, Survivors, and 
     Disability Insurance, Supplemental Security Income, Medicare, 
     and Medicaid programs from continuing disability reviews and 
     Supplemental Security Income redeterminations which result in 
     cessations of benefits and the estimated present value of 
     such savings.

       (B) Internal revenue service tax enforcement.--
       (i) In general.--If a bill or joint resolution is reported 
     making appropriations in a fiscal year to the Internal 
     Revenue Service of not less than the first amount specified 
     in subclauses (I) through (X) of clause (ii) for tax 
     activities for that fiscal year, including tax compliance to 
     address the Federal tax gap (taxes owed but not paid), and 
     provides an additional appropriation for tax activities, 
     including tax compliance activities to address the Federal 
     tax gap, of up to an amount further specified in that 
     subclause, then the discretionary spending limits, allocation 
     to the Committees on Appropriations of each House, and 
     aggregates for that fiscal year may be adjusted by the amount 
     in budget authority not to exceed the amount of additional 
     appropriations for tax activities, including tax compliance 
     to address the Federal tax gap provided in such legislation 
     for that fiscal year.
       (ii) Amounts specified.--The amounts specified are--

       (I) for fiscal year 2012, an appropriation of 
     $7,979,000,000, and an additional appropriation of 
     $2,519,000,000 for tax activities, including tax compliance 
     to address the Federal tax gap;
       (II) for fiscal year 2013, an appropriation of 
     $7,979,000,000, and an additional appropriation of 
     $3,132,000,000 for tax activities, including tax compliance 
     to address the Federal tax gap;
       (III) for fiscal year 2014, an appropriation of 
     $8,204,000,000, and an additional appropriation of 
     $3,542,000,000 for tax activities, including tax compliance 
     to address the Federal tax gap;
       (IV) for fiscal year 2015, an appropriation of 
     $8,444,000,000, and an additional appropriation of 
     $3,975,000,000 for tax activities, including tax compliance 
     to address the Federal tax gap;
       (V) for fiscal year 2016, an appropriation of 
     $8,710,000,000, and an additional appropriation of 
     $4,486,000,000 for tax activities, including tax compliance 
     to address the Federal tax gap;
       (VI) for fiscal year 2017, an appropriation of 
     $9,012,000,000, and an additional appropriation of 
     $4,538,000,000 for tax activities, including tax compliance 
     to address the Federal tax gap;
       (VII) for fiscal year 2018, an appropriation of 
     $9,330,000,000, and an additional appropriation of 
     $4,585,000,000 for tax activities, including tax compliance 
     to address the Federal tax gap;
       (VIII) for fiscal year 2019, an appropriation of 
     $9,667,000,000, and an additional appropriation of 
     $4,626,000,000 for tax activities, including tax compliance 
     to address the Federal tax gap;
       (IX) for fiscal year 2020, an appropriation of 
     $9,989,000,000, and an additional appropriation of 
     $4,688,000,000 for tax activities, including tax compliance 
     to address the Federal tax gap; and
       (X) for fiscal year 2021, an appropriation of 
     $10,315,000,000, and an additional appropriation of 
     $4,754,000,000 for tax activities, including tax compliance 
     to address the Federal tax gap.

       (iii) Definition.--As used in this subparagraph, the term 
     ``additional appropriation for tax activities, including tax 
     compliance to address the Federal tax gap'' means new and 
     continuing investments in expanding and improving the 
     effectiveness and efficiency of the overall tax enforcement 
     and compliance program of the Internal Revenue Service and 
     fully funding operational support activities at the Internal 
     Revenue Service. New and continuing investments include 
     additional resources for implementing new authorities and for 
     conducting additional examinations, audits, and enhanced 
     third party data matching.
       (iv) Appropriation.--The first amount specified in 
     subclauses (I) through (X) of clause (ii) is the amount under 
     one or more headings in an appropriations Act for the 
     Internal Revenue Service that is specified to pay for the 
     costs of tax activities, including tax compliance to address 
     the Federal tax gap.
       (v) Additional amount.--The amounts further specified in 
     subclauses (I) through (X) of clause (ii) are the amounts 
     under one or more headings in an appropriations Act for the 
     Internal Revenue Service for the amount of the additional 
     appropriation for tax activities, including tax compliance to 
     address the Federal tax gap, but such adjustment shall be 0 
     (zero) unless the appropriations Act under the heading 
     ``Operations Support'' for the Internal Revenue Service 
     provides that such sums as are necessary shall be available, 
     under the ``Operations Support'' heading, to fully support 
     tax enforcement and compliance activities.
       (C) Health care fraud and abuse control.--
       (i) In general.--If a bill or joint resolution is reported 
     making appropriations in a fiscal year of the first amount 
     specified in subclauses (I) through (X) of clause (ii) for 
     program integrity or fraud and abuse activities under the 
     heading ``Health Care Fraud and Abuse Control Account'' 
     program for the Department of Health and Human Services for 
     that fiscal year, and provides an additional appropriation 
     for program integrity or fraud and abuse activities under the 
     heading ``Health Care Fraud and Abuse Control Account'' 
     program for the Department of Health and Human Services of up 
     to an amount further specified that subclause, then the 
     discretionary spending limits, allocation to the Committees 
     on Appropriations of each House, and aggregates for that year 
     may be adjusted in an amount not to exceed the amount in 
     budget authority provided in such legislation for that 
     purpose for that fiscal year.
       (ii) Amounts specified.--The amounts specified are--

       (I) for fiscal year 2012, an appropriation of $311,000,000, 
     and an additional appropriation of $270,000,000;
       (II) for fiscal year 2013, an appropriation of 
     $311,000,000, and an additional appropriation of 
     $299,000,000;
       (III) for fiscal year 2014, an appropriation of 
     $326,000,000, and an additional appropriation of 
     $314,000,000;
       (IV) for fiscal year 2015, an appropriation of 
     $340,000,000, and an additional appropriation of 
     $332,000,000;
       (V) for fiscal year 2016, an appropriation of $356,000,000, 
     and an additional appropriation of $350,000,000;
       (VI) for fiscal year 2017, an appropriation of 
     $373,000,000, and an additional appropriation of 
     $352,000,000;
       (VII) for fiscal year 2018, an appropriation of 
     $391,000,000, and an additional appropriation of 
     $354,000,000;
       (VIII) for fiscal year 2019, an appropriation of 
     $411,000,000, and an additional appropriation of 
     $354,000,000;
       (IX) for fiscal year 2020, an appropriation of 
     $430,000,000, and an additional appropriation of 
     $356,000,000; and
       (X) for fiscal year 2021, an appropriation of $451,000,000, 
     and an additional appropriation of $356,000,000.

       (iii) Definition.--As used in this subparagraph, the term 
     ``program integrity or fraud and abuse activities'' means 
     those activities authorized by section 1817(k)(3) of the 
     Social Security Act and other related program integrity 
     activities, including administrative costs, in the Medicare 
     Advantage and the Medicare Prescription Drug Programs 
     authorized in title XVIII of the Social Security Act, in 
     section 1893 of the Social Security Act, in Medicaid 
     authorized in title XIX of the Social Security Act, and in 
     the Children's Health Insurance Program (``CHIP'') authorized 
     in title XXI of the Social Security Act.
       (iv) Report.--The report required by section 1817(k)(5) of 
     the Social Security Act for each fiscal year shall include 
     measures of the operational efficiency and impact on fraud, 
     waste, and abuse in the Medicare, Medicaid, and CHIP programs 
     for the funds provided by an adjustment under this 
     subparagraph.
       (D) Unemployment insurance improper payment reviews.--
       (i) In general.--If a bill or joint resolution is reported 
     making appropriations in a fiscal year of the first amount 
     specified in subclauses (I) through (X) of clause (ii) for 
     in-person reemployment and eligibility assessments and 
     unemployment insurance improper payment reviews under the 
     heading ``State Unemployment Insurance and Employment Service 
     Operations'' for the Department of Labor for that fiscal 
     year, and provides an additional appropriation for in-person 
     reemployment and eligibility assessments and unemployment 
     insurance improper payment reviews under the heading ``State 
     Unemployment Insurance and Employment Service Operations'' 
     for the Department of Labor of up to an amount further 
     specified in that subclause, then the discretionary spending 
     limits, allocation to the Committees on Appropriations of 
     each House, and aggregates for that year may be adjusted by 
     an amount in budget authority not to exceed the additional 
     appropriation provided in such legislation for that purpose 
     for that fiscal year.
       (ii) Amounts specified.--The amounts specified are--

       (I) for fiscal year 2012, an appropriation of $60,000,000, 
     and an additional appropriation of $10,000,000;
       (II) for fiscal year 2013, an appropriation of $60,000,000, 
     and an additional appropriation of $15,000,000;
       (III) for fiscal year 2014, an appropriation of 
     $61,000,000, and an additional appropriation of $19,000,000;
       (IV) for fiscal year 2015, an appropriation of $61,000,000, 
     and an additional appropriation of $24,000,000;
       (V) for fiscal year 2016, an appropriation of $62,000,000, 
     and an additional appropriation of $28,000,000;
       (VI) for fiscal year 2017, an appropriation of $63,000,000, 
     and an additional appropriation of $28,000,000;
       (VII) for fiscal year 2018, an appropriation of 
     $64,000,000, and an additional appropriation of $29,000,000;
       (VIII) for fiscal year 2019, an appropriation of 
     $64,000,000, and an additional appropriation of $30,000,000;
       (IX) for fiscal year 2020, an appropriation of $65,000,000, 
     and an additional appropriation of $31,000,000; and
       (X) for fiscal year 2021, an appropriation of $66,000,000, 
     and an additional appropriation of $31,000,000.

       (iii) Definitions.--As used in this subparagraph, the terms 
     ``in-person reemployment

[[Page S5081]]

     and eligibility assessments'' and ``unemployment improper 
     payment reviews'' mean reviews or assessments conducted in 
     local workforce offices to determine the continued 
     eligibility of an unemployment insurance claimant under the 
     Federal Unemployment Tax Act, title III of the Social 
     Security Act, and applicable State laws, to ensure they are 
     meeting their obligation to search for work as a condition of 
     eligibility, and to speed their return to work.
       (iv) Additional appropriation.--The amounts further 
     specified in subclauses (I) through (X) of clause (ii) are 
     the amounts under the heading ``State Unemployment Insurance 
     and Employment Service Operations'' for the Department of 
     Labor for the amount of the additional appropriation for in-
     person reemployment and eligibility assessments and 
     unemployment insurance improper payment reviews, but such 
     adjustment shall be 0 (zero) unless the appropriations Act 
     providing such additional appropriation also provides the 
     full amount requested under the heading ``State Unemployment 
     Insurance and Employment Service Operations'' for the 
     Department of Labor for grants to States for the 
     administration of State unemployment insurance laws in the 
     budget submitted for that fiscal year under section 1105 of 
     title 31, United States Code.
       (3) Overseas deployments and related activities.--
       (A) Cap adjustment.--The discretionary spending limits, 
     allocation to the Committees on Appropriations of each House, 
     and aggregates for that year may be adjusted by an amount in 
     budget authority not to exceed the amount provided in such 
     legislation for that purpose for that fiscal year, but not to 
     exceed in aggregate the amounts specified in subparagraph (B) 
     for any--
       (i) bills reported by the Committees on Appropriations of 
     either House or in the Senate, passed by the House of 
     Representatives;
       (ii) joint resolutions or amendments reported by the 
     Committees on Appropriations of either House;
       (iii) amendments between the Houses, Senate amendments to 
     such amendments offered by the authority of the Committee on 
     Appropriations of the Senate, or House amendments to such 
     amendments offered by the authority of the Committee on 
     Appropriations in the House of Representatives; or
       (iv) conference reports;
     making appropriations for overseas deployments and related 
     activities.
       (B) Levels.--
       (i) Levels.--The initial levels for overseas deployments 
     and related activities specified in this subparagraph are as 
     follows:

       (I) For fiscal year 2012, $126,544,000,000 in budget 
     authority.
       (II) For the total of fiscal years 2013 through 2021, 
     $450,000,000,000 in budget authority.

       (ii) Levels for congressional enforcement.--For each fiscal 
     year after fiscal year 2012, Congress shall adopt in the 
     concurrent resolution on the budget for that fiscal year an 
     adjustment for overseas deployments and related activities, 
     provided that Congress may not adopt an adjustment for any 
     fiscal year that would cause the total adjustments for fiscal 
     years 2013 through 2021 to exceed the amount authorized in 
     clause (i)(II).
       (iii) Accounting for overseas deployment and related 
     activities.--In any report issued under subsection (f)(7), 
     OMB shall state the total amount of spending on overseas 
     deployments and related activities for fiscal years 2013 
     through 2021 and the estimated amount of budget authority 
     adjustment remaining for that period.
       (C) Adjustment for offset overseas deployment costs.--The 
     levels set in subparagraph (B) may be further adjusted by the 
     amount of budget authority provided in legislation for 
     additional costs associated with overseas deployments and 
     related activities if the amount of budget authority above 
     those levels is offset.
       (4) Adjustments for disaster funding.--
       (A) In general.--If, for fiscal years 2011 through 2021, 
     appropriations for discretionary accounts are enacted that 
     Congress designates as being for disaster relief in statute, 
     the adjustment shall be the total of such appropriations in 
     discretionary accounts designated as being for disaster 
     relief, but not to exceed the total of--
       (i) the average funding provided for disasters over the 
     previous 10 years, excluding the highest and lowest years; 
     and
       (ii) for years when the enacted new discretionary budget 
     authority designated as being for disaster relief for the 
     preceding fiscal year was less than the average as calculated 
     in clause (i) for that fiscal year, the difference between 
     the enacted amount and the allowable adjustment as calculated 
     in clause (i) for that fiscal year.
       (B) OMB report.--OMB shall report to the Committees on 
     Appropriations in each House the adjustment for disaster 
     funding for fiscal year 2011, and a preview report of the 
     estimated level for fiscal year 2012, not later than 30 days 
     after enactment of this Act.
       (d) Limitations on Changes to This Section.--Unless 
     otherwise specifically provided in this section, it shall not 
     be in order in the Senate or the House of Representatives to 
     consider any bill, resolution (including a concurrent 
     resolution on the budget), amendment, motion, or conference 
     report that would repeal or otherwise change this section.
       (e) Waiver and Appeal.--
       (1) Waiver.--In the Senate, subsections (a) through (d) 
     shall be waived or suspended only--
       (A) by the affirmative vote of three-fifths of the Members, 
     duly chosen and sworn; or
       (B) if the provisions of section (f)(8) are in effect.
       (2) Appeal.--Appeals in the Senate from the decisions of 
     the Chair relating to any provision of this section shall be 
     limited to 1 hour, to be equally divided between, and 
     controlled by, the appellant and the manager of the measure. 
     An affirmative vote of three-fifths of the Members of the 
     Senate, duly chosen and sworn, shall be required to sustain 
     an appeal of the ruling of the Chair on a point of order 
     raised under this section.
       (f) End-of-Year Sequester for Exceeding Discretionary 
     Caps.--
       (1) Sequestration.--
       (A) In general.--Not later than 14 calendar days after the 
     end of a session of Congress (excluding weekends and 
     holidays) and on the same day as a sequestration (if any) 
     under section 5 of the Statutory Pay-As-You-Go Act of 2010, 
     there shall be a sequestration to eliminate a budget-year 
     breach, if any, within the discretionary categories as set by 
     subsection (b).
       (B) Overseas deployments.--Any amount of budget authority 
     for overseas deployments and related activities for fiscal 
     year 2012 in excess of the levels set in subsection 
     (c)(3)(B)(i), or for fiscal years 2013 through 2021 that 
     would cause the total adjustment for fiscal years 2013 
     through 2021 to exceed the amount authorized in section 
     (c)(3)(B)(II), that is not otherwise offset pursuant 
     subsection (c)(3)(C)(i), shall be counted in determining 
     whether a breach has occurred--
       (i) for fiscal years 2012 and 2013, in the security and 
     non-security categories by amounts in the same proportion as 
     the total amount designated in that fiscal year for overseas 
     deployments and related activities in security and non-
     security accounts, respectively; and
       (ii) for fiscal years 2014 through 2021, in the 
     discretionary category.
       (C) Emergency spending.--
       (i) Effect of designation in statute.--If, for any fiscal 
     year, appropriations for discretionary accounts are enacted 
     that Congress designates as emergency requirements in statute 
     pursuant to this subparagraph, the total of such budget 
     authority in discretionary accounts designated as emergency 
     requirements in all fiscal years from such appropriations 
     shall not be counted in determining whether a breach has 
     occurred, and shall not count for the purposes of 
     Congressional enforcement.
       (ii) Designation in the house of representatives.--If an 
     appropriations Act includes a provision expressly designated 
     as an emergency for the purposes of this section, the Chair 
     shall put the question of consideration with respect thereto.
       (iii) Point of order in the senate.--

       (I) In general.--When the Senate is considering an 
     appropriations Act, if a point of order is made by a Senator 
     against an emergency designation in that measure, the 
     provision making such a designation shall be stricken from 
     the measure and may not be offered as an amendment from the 
     floor.
       (II) Supermajority waiver and appeals.--

       (aa) Waiver.--Subclause (I) may be waived or suspended in 
     the Senate only by an affirmative vote of three-fifths of the 
     Members, duly chosen and sworn.
       (bb) Appeals.--Appeals in the Senate from the decisions of 
     the Chair relating to any provision of this subparagraph 
     shall be limited to 1 hour, to be equally divided between, 
     and controlled by, the appellant and the manager of the bill 
     or joint resolution, as the case may be. An affirmative vote 
     of three-fifths of the Members of the Senate, duly chosen and 
     sworn, shall be required to sustain an appeal of the ruling 
     of the Chair on a point of order raised under this 
     subparagraph.

       (III) Definition of an emergency designation.--For purposes 
     of subclause (I), a provision shall be considered an 
     emergency designation if it designates any item as an 
     emergency requirement pursuant to this subparagraph.
       (IV) Form of the point of order.--A point of order under 
     subclause (I) may be raised by a Senator as provided in 
     section 313(e) of the Congressional Budget Act of 1974.
       (V) Conference reports.--When the Senate is considering a 
     conference report on, or an amendment between the Houses in 
     relation to, an appropriations Act, upon a point of order 
     being made by any Senator pursuant to this subparagraph, and 
     such point of order being sustained, such material contained 
     in such conference report shall be deemed 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 
     under the same conditions as was the conference report. 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 subsection), no 
     further amendment shall be in order.

       (2) Eliminating a breach.--Each non-exempt account within a 
     category shall be reduced by a dollar amount calculated by 
     multiplying the baseline level of sequesterable budgetary 
     resources in that account at that

[[Page S5082]]

     time by the uniform percentage necessary to eliminate a 
     breach within that category.
       (3) Military personnel.--
       (A) In general.--The President may, with respect to any 
     military personnel account, exempt that account from 
     sequestration or provide for a lower uniform percentage 
     reduction than would otherwise apply, provided that the 
     President has notified Congress of the manner in which such 
     authority will be exercised pursuant to paragraph (7)(A)(ii).
       (B) Reductions.--If the President uses the authority to 
     exempt any military personnel from sequestration under 
     paragraph (7)(A)(ii), each account within subfunctional 
     category 051 (other than those military personnel accounts 
     for which the authority provided under subparagraph (A) has 
     been exercised) shall be further reduced by a dollar amount 
     calculated by multiplying the enacted level of non-exempt 
     budgetary resources in that account at that time by the 
     uniform percentage necessary to offset the total dollar 
     amount by which budget authority is not reduced in military 
     personnel accounts by reason of the use of such authority.
       (4) Part-year appropriations.--If, on the date specified in 
     paragraph (1), there is in effect an Act making or continuing 
     appropriations for part of a fiscal year for any budget 
     account, then the dollar sequestration calculated for that 
     account under paragraphs (2) and (3) shall be subtracted 
     from--
       (A) the annualized amount otherwise available by law in 
     that account under that or a subsequent part-year 
     appropriation; and
       (B) when a full-year appropriation for that account is 
     enacted, from the amount otherwise provided by the full-year 
     appropriation.
       (5) Look-back.--If, after June 30, an appropriation for the 
     fiscal year in progress is enacted that causes a breach 
     within a category for that year (after taking into account 
     any sequestration of amounts within that category), the 
     discretionary spending limits for that category for the next 
     fiscal year shall be reduced by the amount or amounts of that 
     breach.
       (6) Within-session sequestration.--If an appropriation for 
     a fiscal year in progress is enacted (after Congress adjourns 
     to end the session for that budget year and before July 1 of 
     that fiscal year) that causes a breach within a category for 
     that year (after taking into account any prior sequestration 
     of amounts within that category), 15 days after such 
     enactment there shall be a sequestration to eliminate that 
     breach within that category following the procedures set 
     forth in paragraphs (2) through (4).
       (7) Reports.--
       (A) Sequestration preview report.--
       (i) In general.--Not later than 5 days before the date of 
     the President's budget submission for CBO, and the date of 
     the President's budget submissions for OMB, OMB and CBO shall 
     issue a preview report regarding discretionary spending based 
     on laws enacted through those dates. The preview report shall 
     set forth estimates for the current year and each subsequent 
     year through 2021 of the applicable discretionary spending 
     limits for each category and an explanation of any 
     adjustments in such limits under this section.
       (ii) Notification regarding military personnel.--On or 
     before the date of the sequestration preview report, the 
     President shall notify Congress of the manner in which the 
     President intends to exercise flexibility with respect to 
     military personnel accounts under paragraph (3).
       (B) Sequestration update report.--Not later than August 15 
     for CBO, and August 20 for OMB, OMB and CBO shall issue a 
     sequestration update report, reflecting laws enacted through 
     those dates, containing all of the information required in 
     the sequestration preview reports. This report shall also 
     contain a preview estimate of the adjustment for disaster 
     funding for the upcoming fiscal year.
       (C) Final sequestration report.--Not later than 10 days 
     after the end of session for CBO, and 14 days after the end 
     of session for OMB (excluding weekends and holidays), OMB and 
     CBO shall issue a final sequestration report, updated to 
     reflect laws enacted through those dates, with estimates for 
     each of the following:
       (i) For the current year and each subsequent year through 
     2021 the applicable discretionary spending limits for each 
     category and an explanation of any adjustments in such limits 
     under this section, including a final estimate of the 
     disaster funding adjustment.
       (ii) For the current year and the budget year the estimated 
     new budget authority for each category and the breach, if 
     any, in each category.
       (iii) For each category for which a sequestration is 
     required, the sequestration percentages necessary to achieve 
     the required reduction.
       (iv) For the budget year, for each account to be 
     sequestered, estimates of the baseline level of sequesterable 
     budgetary resources and the amount of budgetary resources to 
     be sequestered.
       (D) Explanation of differences.--The OMB reports shall 
     explain the differences between OMB and CBO estimates for 
     each report required by this paragraph.
       (8) Suspension in the event of low growth.--Section 254(i) 
     and subsections (a), (b)(1), and (c) of section 258 of the 
     Balanced Budget and Emergency Deficit Control Act of 1985 
     with respect to suspension of this section for low growth 
     only shall apply to this section, provided that those 
     sections are deemed not to apply to titles III and IV of the 
     Congressional Budget Act of 1974 and section 1103 of title 
     31, United States Code.
       (g) Definitions.--In this section:
       (1) Nonsecurity category.--The term ``nonsecurity 
     category'' means all discretionary appropriations, as that 
     term is defined in section 250(c)(7) of the Balanced Budget 
     and Emergency Deficit Control Act of 1985, not included in 
     the security category defined in this Act, but does not 
     include any appropriation designated for overseas deployments 
     and related activities pursuant to section (c)(3) or 
     appropriation designated as an emergency pursuant to this 
     Act.
       (2) Security category.--The term ``security category'' 
     includes discretionary appropriations, as that term is 
     defined in section 250(c)(7) of the Balanced Budget and 
     Emergency Deficit Control Act of 1985, in budget functions 
     050 and 700, but does not include any appropriation 
     designated for overseas deployments and related activities 
     pursuant to section (c)(3) or appropriation designated as an 
     emergency pursuant to this Act.
       (3) Discretionary category.--The term ``discretionary 
     category'' includes all discretionary appropriations, as that 
     term is defined in section 250(c)(7) of the Balanced Budget 
     and Emergency Deficit Control Act of 1985, but does not 
     include any appropriation designated for overseas deployments 
     and related activities pursuant to section (c)(3) or 
     appropriation designated as an emergency pursuant to this 
     Act.
       (4) Advance appropriation.--The term ``advance 
     appropriation'' means appropriations of new budget authority 
     that become available one or more fiscal years beyond the 
     fiscal year for which the appropriation act was passed.
       (5) Discretionary spending limits.--The term 
     ``discretionary spending limits'' means the amounts specified 
     in this section.
       (6) Definitions.--To the extent they are not defined in 
     this section, the terms used in this section shall have the 
     same meaning as the terms defined in section 250(c) of the 
     Balanced Budget and Emergency Deficit Control Act of 1985.
       (h) Sequestration Rules.--
       (1) In general.--Subsections (g) and (k) of section 256 of 
     the Balanced Budget and Emergency Deficit Control Act of 1985 
     shall apply to sequestration under this Act.
       (2) Intergovernmental funds.--For purposes of sequestration 
     under this section, budgetary resources shall not include 
     activities financed by voluntary payments to the Government 
     for goods and services to be provided for such payments, 
     intragovernmental funds paid in from other Government 
     accounts, and unobligated balances of prior year 
     appropriations.

     SEC. 102. SENATE BUDGET ENFORCEMENT.

       (a) In General.--
       (1) For the purpose of enforcing the Congressional Budget 
     Act of 1974 through April 15, 2012, including section 300 of 
     that Act, and enforcing budgetary points of order in prior 
     concurrent resolutions on the budget, the allocations, 
     aggregates, and levels set in subsection (b)(1) shall apply 
     in the Senate in the same manner as for a concurrent 
     resolution on the budget for fiscal year 2012 with 
     appropriate budgetary levels for fiscal years 2011 and 2013 
     through 2021.
       (2) For the purpose of enforcing the Congressional Budget 
     Act of 1974 after April 15, 2012, including section 300 of 
     that Act, and enforcing budgetary points of order in prior 
     concurrent resolutions on the budget, the allocations, 
     aggregates, and levels set in subsection (b)(2) shall apply 
     in the Senate in the same manner as for a concurrent 
     resolution on the budget for fiscal year 2013 with 
     appropriate budgetary levels for fiscal years 2012 and 2014 
     through 2022.
       (b) Committee Allocations, Aggregates and Levels.--
       (1) As soon as practicable after the date of enactment of 
     this section, the Chairman of the Committee on the Budget 
     shall file--
       (A) for the Committee on Appropriations, committee 
     allocations for fiscal years 2011 and 2012 consistent with 
     the discretionary spending limits set forth in this Act for 
     the purpose of enforcing section 302 of the Congressional 
     Budget Act of 1974;
       (B) for all committees other than the Committee on 
     Appropriations, committee allocations for fiscal years 2011, 
     2012, 2012 through 2016, and 2012 through 2021 consistent 
     with the Congressional Budget Office's March 2011 baseline 
     adjusted to account for the budgetary effects of this Act and 
     legislation enacted prior to this Act but not included in the 
     Congressional Budget Office's March 2011 baseline, for the 
     purpose of enforcing section 302 of the Congressional Budget 
     Act of 1974;
       (C) aggregate spending levels for fiscal years 2011 and 
     2012 and aggregate revenue levels fiscal years 2011, 2012, 
     2012 through 2016, 2012 through 2021 consistent with the 
     Congressional Budget Office's March 2011 baseline adjusted to 
     account for the budgetary effects of this Act and legislation 
     enacted prior to this Act but not included in the 
     Congressional Budget Office's March 2011 baseline, and the 
     discretionary spending limits set forth in this Act for the 
     purpose of enforcing section 311 of the Congressional Budget 
     Act of 1974; and
       (D) levels of Social Security revenues and outlays for 
     fiscal years 2011, 2012, 2012 through 2016, and 2012 through 
     2021 consistent with the Congressional Budget Office's March 
     2011 baseline adjusted to account for the budgetary effects 
     of this Act and legislation enacted prior to this Act but not 
     included in the Congressional Budget Office's March 2011 
     baseline, for the purpose of

[[Page S5083]]

     enforcing sections 302 and 311 of the Congressional Budget 
     Act of 1974.
       (2) Not later than April 15, 2012, the Chairman of the 
     Committee on the Budget shall file--
       (A) for the Committee on Appropriations, committee 
     allocations for fiscal years 2012 and 2013 consistent with 
     the discretionary spending limits set forth in this Act for 
     the purpose of enforcing section 302 of the Congressional 
     Budget Act of 1974;
       (B) for all committees other than the Committee on 
     Appropriations, committee allocations for fiscal years 2012, 
     2013, 2013 through 2017, and 2013 through 2022 consistent 
     with the Congressional Budget Office's March 2012 baseline 
     for the purpose of enforcing section 302 of the Congressional 
     Budget Act of 1974;
       (C) aggregate spending levels for fiscal years 2012 and 
     2013 and aggregate revenue levels fiscal years 2012, 2013, 
     2013-2017, and 2013-2022 consistent with the Congressional 
     Budget Office's March 2012 baseline and the discretionary 
     spending limits set forth in this Act for the purpose of 
     enforcing section 311 of the Congressional Budget Act of 
     1974; and
       (D) levels of Social Security revenues and outlays for 
     fiscal years 2012 and 2013, 2013-2017, and 2013-2022 
     consistent with the Congressional Budget Office's March 2012 
     baseline budget for the purpose of enforcing sections 302 and 
     311 of the Congressional Budget Act of 1974.
       (c) Senate Pay-as-you-go Scorecard.--
       (1) Effective on the date of enactment of this section, for 
     the purpose of enforcing section 201 of S. Con. Res. 21 
     (110th Congress), the Chairman of the Senate Committee on the 
     Budget shall reduce any balances of direct spending and 
     revenues for any fiscal year to 0 (zero).
       (2) Not later than April 15, 2012, for the purpose of 
     enforcing section 201 of S. Con. Res. 21 (110th Congress), 
     the Chairman of the Senate Committee on the Budget shall 
     reduce any balances of direct spending and revenues for any 
     fiscal year to 0 (zero).
       (3) Upon resetting the Senate paygo scorecard pursuant to 
     paragraph (2), the Chairman shall publish a notification of 
     such action in the Congressional Record.
       (d) Further Adjustments.--
       (1) The Chairman of the Committee on the Budget of the 
     Senate may revise any allocations, aggregates, or levels set 
     pursuant to this section to account for any subsequent 
     adjustments to discretionary spending limits made pursuant to 
     this Act.
       (2) With respect to any allocations, aggregates, or levels 
     set or adjustments made pursuant to this section, sections 
     412 through 414 of S. Con. Res. 13 (111th Congress) shall 
     remain in effect.
       (e) Expiration.--
       (1) Subections (a)(1), (b)(1), and (c)(1) shall expire if a 
     concurrent resolution on the budget for fiscal year 2012 is 
     agreed to by the Senate and House of Representatives pursuant 
     to section 301 of the Congressional Budget Act of 1974.
       (2) Subections (a)(2), (b)(2), and (c)(2) shall expire if a 
     concurrent resolution on the budget for fiscal year 2013 is 
     agreed to by the Senate and House of Representatives pursuant 
     to section 301 of the Congressional Budget Act of 1974.

                     TITLE II--OTHER SPENDING CUTS

    Subtitle A--Federal Pell Grant and Student Loan Program Changes

     SEC. 211. FEDERAL PELL GRANT AND STUDENT LOAN PROGRAM 
                   CHANGES.

       (a) Federal Pell Grants.--Section 401(b)(7)(A)(iv) of the 
     Higher Education Act of 1965 (20 U.S.C. 1070a(b)(7)(A)(iv)) 
     is amended--
       (1) in subclause (II), by striking ``$3,183,000,000'' and 
     inserting ``$13,683,000,000''; and
       (2) in subclause (III), by striking ``$0'' and inserting 
     ``$7,500,000,000''.
       (b) Termination of Authority to Make Interest Subsidized 
     Loans to Graduate and Professional Students.--Section 455(a) 
     of the Higher Education Act of 1965 (20 U.S.C. 1087e(a)) is 
     amended by adding at the end the following:
       ``(3) Termination of authority to make interest subsidized 
     loans to graduate and professional students.--
       ``(A) In general.--Notwithstanding any provision of this 
     part or part B, for any period of instruction beginning on or 
     after July 1, 2012--
       ``(i) a graduate or professional student shall not be 
     eligible to receive a subsidized Federal Direct Stafford Loan 
     under this part;
       ``(ii) the maximum annual amount of Federal Direct 
     Unsubsidized Stafford Loans such a student may borrow in any 
     academic year (as defined in section 481(a)(2)) or its 
     equivalent shall be the maximum annual amount for such 
     student determined under section 428H, plus an amount equal 
     to the amount of Federal Direct Subsidized Loans the student 
     would have received in the absence of this subparagraph; and
       ``(iii) the maximum aggregate amount of Federal Direct 
     Unsubsidized Stafford Loans such a student may borrow shall 
     be the maximum aggregate amount for such student determined 
     under section 428H, adjusted to reflect the increased annual 
     limits described in clause (ii), as prescribed by the 
     Secretary by regulation.
       ``(B) Exception.--Subparagraph (A) shall not apply to an 
     individual enrolled in coursework specified in paragraph 
     (3)(B) or (4)(B) of section 484(b).''.
       (c) Inapplicability of Title IV Negotiated Rulemaking and 
     Master Calendar Exception.--Sections 482(c) and 492 of the 
     Higher Education Act of 1965 (20 U.S.C. 1089(c), 1098a) shall 
     not apply to the amendments made by this section, or to any 
     regulations promulgated under those amendments.

                       Subtitle B--Farm Programs

     SEC. 221. DEFINITION OF PAYMENT ACRES.

       (a) In General.--Section 1001(11) of the Food, 
     Conservation, and Energy Act of 2008 (7 U.S.C. 8702(11)) is 
     amended--
       (1) in subparagraph (A)--
       (A) by striking ``subparagraph (B)'' and inserting 
     ``subparagraphs (B) and (C)''; and
       (B) by striking ``and'' at the end;
       (2) in subparagraph (B), by striking the period at the end 
     and inserting ``; and''; and
       (3) by adding at the end the following:
       ``(C) in the case of direct payments for the 2012 crop 
     year, 59 percent of the base acres for the covered commodity 
     on a farm on which direct payments are made.''.
       (b) Payment Acres for Peanuts.--Section 1301(5) of the 
     Food, Conservation, and Energy Act of 2008 (7 U.S.C. 8751(5)) 
     is amended--
       (1) in subparagraph (A)--
       (A) by striking ``subparagraph (B)'' and inserting 
     ``subparagraphs (B) and (C)''; and
       (B) by striking ``and'' at the end;
       (2) in subparagraph (B), by striking the period at the end 
     and inserting ``; and''; and
       (3) by adding at the end the following:
       ``(C) in the case of direct payments for the 2012 crop 
     year, 59 percent of the base acres for peanuts on a farm on 
     which direct payments are made.''.

         TITLE III--JOINT SELECT COMMITTEE ON DEFICIT REDUCTION

     SEC. 301. ESTABLISHMENT OF JOINT SELECT COMMITTEE.

       (a) Definitions.--In this title:
       (1) Joint select committee.--The term ``joint committee'' 
     means the Joint Select Committee on Deficit Reduction 
     established under subsection (b)(1).
       (2) Joint select committee bill.--The term ``joint 
     committee bill'' means a bill consisting of the proposed 
     legislative language of the joint committee recommended under 
     subsection (b)(3)(B) and introduced under section 302(a).
       (b) Establishment of Joint Select Committee.--
       (1) Establishment.--There is established a joint select 
     committee of Congress to be known as the ``Joint Select 
     Committee on Deficit Reduction''.
       (2) Goal.--The goal of the joint committee shall be to 
     reduce the deficit to 3 percent or less of GDP.
       (3) Duties.--
       (A) In general.--
       (i) Improving the short-term and long-term fiscal 
     imbalance.--The joint committee shall provide recommendations 
     and legislative language that will significantly improve the 
     short-term and long-term fiscal imbalance of the Federal 
     Government and may include recommendations and legislative 
     language on tax reform.
       (ii) Consideration of other bipartisan plans.--As a part of 
     developing the joint committee's recommendations and 
     legislation, the joint committee shall consider existing 
     bipartisan plans to reduce the deficit, including plans 
     developed jointly by Senators or Members of the House of 
     Representatives.
       (iii) Recommendations of house of representatives and 
     senate committees.--Not later than October 14, 2011, each 
     committee of the House of Representatives and Senate may 
     transmit to the joint committee its recommendations for 
     changes in law to reduce the deficit consistent with the 
     goals described in paragraph (2) for the joint committee's 
     consideration.
       (B) Report, recommendations, and legislative language.--
       (i) In general.--Not later than November 23, 2011, the 
     joint committee shall vote on--

       (I) a report that contains a detailed statement of the 
     findings, conclusions, and recommendations of the joint 
     committee and the CBO estimate required by paragraph 
     (5)(D)(ii); and
       (II) proposed legislative language to carry out such 
     recommendations as described in subclause (I).

     No amendment to the Rules of the House of Representatives or 
     the Standing Rules of the Senate shall be in order in the 
     legislative language required in subclause (II).
       (ii) Approval of report and legislative language.--The 
     report of the joint committee and the proposed legislative 
     language described in clause (i) shall require the approval 
     of not fewer than 7 of the 12 members of the joint committee.
       (iii) Additional views.--A member of the joint committee 
     who gives notice of an intention to file supplemental, 
     minority, or additional views at the time of final joint 
     committee vote on the approval of the report and legislative 
     language under clause (ii), shall be entitled to 3 calendar 
     days in which to file such views in writing with the staff 
     director of the joint committee. Such views shall then be 
     included in the joint committee report and printed in the 
     same volume, or part thereof, and their inclusion shall be 
     noted on the cover of the report. In the absence of timely 
     notice, the joint committee report may be printed and 
     transmitted immediately without such views.
       (iv) Transmission of report and legislative language.--If 
     the report and legislative language are approved by the joint 
     committee pursuant to clause (ii), then not later

[[Page S5084]]

     than December 2, 2011, the joint committee shall submit the 
     joint committee report and legislative language described in 
     clause (i) to the President, the Vice President, the Speaker 
     of the House of Representatives, and the Majority and 
     Minority Leaders of both Houses.
       (v) Report and legislative language to be made public.--
     Upon the approval or disapproval of the joint committee 
     report and legislative language pursuant to clause (ii), the 
     joint committee shall promptly make the full report and 
     legislative language, and a record of the vote, available to 
     the public.
       (4) Membership.--
       (A) In general.--The joint committee shall be composed of 
     12 members appointed pursuant to subparagraph (B).
       (B) Appointment.--Members of the joint committee shall be 
     appointed as follows:
       (i) The majority leader of the Senate shall appoint 3 
     members from among Members of the Senate.
       (ii) The minority leader of the Senate shall appoint 3 
     members from among Members of the Senate.
       (iii) The Speaker of the House of Representatives shall 
     appoint 3 members from among Members of the House of 
     Representatives.
       (iv) The minority leader of the House of Representatives 
     shall appoint 3 members from among Members of the House of 
     Representatives.
       (C) Co-chairs.--
       (i) In general.--There shall be 2 Co-Chairs of the joint 
     committee. The majority leader of the Senate shall appoint 
     one Co-Chair from among the members of the joint committee. 
     The Speaker of the House of Representatives shall appoint the 
     second Co-Chair from among the members of the joint 
     committee. The Co-Chairs shall be appointed not later than 14 
     calendar days after the date of enactment of this section.
       (ii) Staff director.--The Co-Chairs, acting jointly, shall 
     hire the staff director of the joint committee.
       (D) Date.--Members of the joint committee shall be 
     appointed not later than 14 calendar days after the date of 
     enactment of this section.
       (E) Period of appointment.--Members shall be appointed for 
     the life of the joint committee. Any vacancy in the joint 
     committee shall not affect its powers, but shall be filled 
     not later than 14 calendar days after the date on which the 
     vacancy occurs in the same manner as the original 
     appointment. If a member of the committee leaves Congress, 
     the member is no longer a member of the joint committee and a 
     vacancy shall exist.
       (5) Administration.--
       (A) In general.--To enable the joint committee to exercise 
     its powers, functions, and duties, there are authorized to be 
     disbursed by the Senate the actual and necessary expenses of 
     the joint committee approved by the Co-Chairs, subject to 
     Senate rules and regulations.
       (B) Expenses.--In carrying out its functions, the joint 
     committee is authorized to incur expenses in the same manner 
     and under the same conditions as the Joint Economic Committee 
     as authorized by section 11 of Public Law 79-304 (15 U.S.C. 
     1024(d)).
       (C) Quorum.--Seven members of the joint committee shall 
     constitute a quorum for purposes of voting, meeting, and 
     holding hearings.
       (D) Voting.--
       (i) Proxy voting.--No proxy voting shall be allowed on 
     behalf of the members of the joint committee.
       (ii) Congressional budget office estimates.--The 
     Congressional Budget Office shall provide estimates of the 
     legislation (as described in paragraph (3)(B)) in accordance 
     with sections 308(a) and 201(f) of the Congressional Budget 
     Act of 1974 (2 U.S.C. 639(a) and 601(f)) (including estimates 
     of the effect of interest payment on the debt). In addition, 
     the Congressional Budget Office shall provide information on 
     the budgetary effect of the legislation beyond the year 2021 
     and the Congressional Budget Office and Joint Committee on 
     Taxation may provide information on the budgetary effect of 
     the legislation relative to alternative fiscal scenarios. The 
     joint committee may not vote on any version of the report, 
     recommendations, or legislative language unless such 
     estimates are available for consideration by all members of 
     the joint committee at least 48 hours prior to the vote as 
     certified by the Co-Chairs.
       (E) Meetings.--
       (i) Initial meeting.--Not later than 45 calendar days after 
     the date of enactment of this section, the joint committee 
     shall hold its first meeting.
       (ii) Agenda.--The Co-Chairs shall provide an agenda to the 
     joint committee members not less than 48 hours in advance of 
     any meeting.
       (F) Hearings.--
       (i) In general.--The joint committee may, for the purpose 
     of carrying out this section, hold such hearings, sit and act 
     at such times and places, require attendance of witnesses and 
     production of books, papers, and documents, take such 
     testimony, receive such evidence, and administer such oaths 
     the joint committee considers advisable.
       (ii) Hearing procedures and responsibilities of co-
     chairs.--

       (I) Announcement.--The Co-Chairs shall make a public 
     announcement of the date, place, time, and subject matter of 
     any hearing to be conducted not less than 7 days in advance 
     of such hearing, unless the Co-Chairs determine that there is 
     good cause to begin such hearing at an earlier date.
       (II) Written statement.--A witness appearing before the 
     joint committee shall file a written statement of proposed 
     testimony at least 2 calendar days prior to appearance, 
     unless the requirement is waived by the Co-Chairs, following 
     their determination that there is good cause for failure of 
     compliance.

       (G) Technical assistance.--Upon written request of the Co-
     Chairs, a Federal agency shall provide technical assistance 
     to the joint committee in order for the joint committee to 
     carry out its duties.
       (c) Staff of Joint Committee.--
       (1) In general.--The Co-Chairs may jointly appoint and fix 
     the compensation of staff as they deem necessary, within the 
     guidelines for Senate employees and following all applicable 
     Senate rules and employment requirements.
       (2) Ethical standards.--Members on the joint committee who 
     serve in the House of Representatives shall be governed by 
     the House ethics rules and requirements. Members of the 
     Senate who serve on the joint committee and staff of the 
     joint committee shall comply with Senate ethics rules.
       (d) Termination.--The joint committee shall terminate on 
     January 13, 2012.

     SEC. 302. EXPEDITED CONSIDERATION OF JOINT COMMITTEE 
                   RECOMMENDATIONS.

       (a) Introduction.--If approved by the majority required by 
     section 301(b)(3)(B)(ii), the proposed legislative language 
     submitted pursuant to section 301(b)(3)(B)(iv) shall be 
     introduced in the Senate (by request) on the next day on 
     which the Senate is in session by the majority leader of the 
     Senate or by a Member of the Senate designated by the 
     majority leader of the Senate and shall be introduced in the 
     House of Representatives (by request) on the next legislative 
     day by the majority leader of the House of Representatives or 
     by a Member of the House of Representatives designated by the 
     majority leader of the House of Representatives.
       (b) Consideration in the House of Representatives.--
       (1) Referral and reporting.--Any committee of the House of 
     Representatives to which the joint committee bill is referred 
     shall report it to the House of Representatives without 
     amendment not later than December 9, 2011. If a committee 
     fails to report the joint committee bill within that period, 
     it shall be in order to move that the House of 
     Representatives discharge the committee from further 
     consideration of the bill. Such a motion shall not be in 
     order after the last committee authorized to consider the 
     bill reports it to the House of Representatives or after the 
     House of Representatives has disposed of a motion to 
     discharge the bill. The previous question shall be considered 
     as ordered on the motion to its adoption without intervening 
     motion except 20 minutes of debate equally divided and 
     controlled by the proponent and an opponent. If such a motion 
     is adopted, the House of Representatives shall proceed 
     immediately to consider the joint committee bill in 
     accordance with paragraphs (2) and (3). A motion to 
     reconsider the vote by which the motion is disposed of shall 
     not be in order.
       (2) Proceeding to consideration.--After the last committee 
     authorized to consider a joint committee bill reports it to 
     the House of Representatives or has been discharged (other 
     than by motion) from its consideration, it shall be in order 
     to move to proceed to consider the joint committee bill in 
     the House of Representatives. Such a motion shall not be in 
     order after the House of Representatives has disposed of a 
     motion to proceed with respect to the joint committee bill. 
     The previous question shall be considered as ordered on the 
     motion to its adoption without intervening motion. A motion 
     to reconsider the vote by which the motion is disposed of 
     shall not be in order.
       (3) Consideration.--The joint committee bill shall be 
     considered as read. All points of order against the joint 
     committee bill and against its consideration are waived. The 
     previous question shall be considered as ordered on the joint 
     committee bill to its passage without intervening motion 
     except 2 hours of debate equally divided and controlled by 
     the proponent and an opponent and one motion to limit debate 
     on the joint committee bill. A motion to reconsider the vote 
     on passage of the joint committee bill shall not be in order.
       (4) Vote on passage.--The vote on passage of the joint 
     committee bill shall occur not later than December 23, 2011.
       (c) Expedited Procedure in the Senate.--
       (1) Committee consideration.--A joint committee bill 
     introduced in the Senate under subsection (a) shall be 
     jointly referred to the committee or committees of 
     jurisdiction, which committees shall report the bill without 
     any revision and with a favorable recommendation, an 
     unfavorable recommendation, or without recommendation, not 
     later than December 9, 2011. If any committee fails to report 
     the bill within that period, that committee shall be 
     automatically discharged from consideration of the bill, and 
     the bill shall be placed on the appropriate calendar.
       (2) Motion to proceed.--Notwithstanding rule XXII of the 
     Standing Rules of the Senate, it is in order, not later than 
     2 days of session after the date on which a joint committee 
     bill is reported or discharged from all committees to which 
     it was referred, for the majority leader of the Senate or the 
     majority leader's designee to move to proceed to the 
     consideration of the joint committee bill. It shall also be 
     in order for any Member

[[Page S5085]]

     of the Senate to move to proceed to the consideration of the 
     joint committee bill at any time after the conclusion of such 
     2-day period. A motion to proceed is in order even though a 
     previous motion to the same effect has been disagreed to. All 
     points of order against the motion to proceed to the joint 
     committee bill are waived. The motion to proceed is not 
     debatable. The motion is not subject to a motion to postpone. 
     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 the joint committee bill is 
     agreed to, the joint committee bill shall remain the 
     unfinished business until disposed of.
       (3) Consideration.--All points of order against the joint 
     committee bill and against consideration of the joint 
     committee bill are waived. Consideration of the joint 
     committee bill and of all debatable motions and appeals in 
     connection therewith shall not exceed a total of 30 hours 
     which shall be divided equally between the Majority and 
     Minority Leaders or their designees. A motion further to 
     limit debate on the joint committee bill is in order, shall 
     require an affirmative vote of three-fifths of the Members 
     duly chosen and sworn, and is not debatable. Any debatable 
     motion or appeal is debatable for not to exceed 1 hour, to be 
     divided equally between those favoring and those opposing the 
     motion or appeal. All time used for consideration of the 
     joint committee bill, including time used for quorum calls 
     and voting, shall be counted against the total 30 hours of 
     consideration.
       (4) No amendments.--An amendment to the joint committee 
     bill, or a motion to postpone, or a motion to proceed to the 
     consideration of other business, or a motion to recommit the 
     joint committee bill, is not in order.
       (5) Vote on passage.--If the Senate has voted to proceed to 
     the joint committee bill, the vote on passage of the joint 
     committee bill shall occur immediately following the 
     conclusion of the debate on a joint committee bill, and a 
     single quorum call at the conclusion of the debate if 
     requested. The vote on passage of the joint committee bill 
     shall occur not later than December 23, 2011.
       (6) Rulings of the chair on procedure.--Appeals from the 
     decisions of the Chair relating to the application of the 
     rules of the Senate, as the case may be, to the procedure 
     relating to a joint committee bill shall be decided without 
     debate.
       (d) Amendment.--The joint committee bill shall not be 
     subject to amendment in either the House of Representatives 
     or the Senate.
       (e) Consideration by the Other House.--
       (1) In general.--If, before passing the joint committee 
     bill, one House receives from the other a joint committee 
     bill--
       (A) the joint committee bill of the other House shall not 
     be referred to a committee; and
       (B) the procedure in the receiving House shall be the same 
     as if no joint committee bill had been received from the 
     other House until the vote on passage, when the joint 
     committee bill received from the other House shall supplant 
     the joint committee bill of the receiving House.
       (2) Revenue measure.--This subsection shall not apply to 
     the House of Representatives if the joint committee bill 
     received from the Senate is a revenue measure.
       (f) Rules to Coordinate Action With Other House.--
       (1) Treatment of joint committee bill of other house.--If 
     the Senate fails to introduce or consider a joint committee 
     bill under this section, the joint committee bill of the 
     House of Representatives shall be entitled to expedited floor 
     procedures under this section.
       (2) Treatment of companion measures in the senate.--If 
     following passage of the joint committee bill in the Senate, 
     the Senate then receives the joint committee bill from the 
     House of Representatives, the House-passed joint committee 
     bill shall not be debatable. The vote on passage of the joint 
     committee bill in the Senate shall be considered to be the 
     vote on passage of the joint committee bill received from the 
     House of Representatives.
       (3) Vetoes.--If the President vetoes the joint committee 
     bill, debate on a veto message in the Senate under this 
     section shall be 1 hour equally divided between the majority 
     and minority leaders or their designees.
       (g) Loss of Privilege.--The provisions of this section 
     shall cease to apply to the joint committee bill if--
       (1) the joint committee fails to vote on the report or 
     proposed legislative language required under section 
     301(b)(3)(B)(i) by November 23, 2011; or
       (2) the joint committee bill does not pass both Houses by 
     December 23, 2011.

     SEC. 303. FUNDING.

       Funding for the joint committee shall be derived in equal 
     portions from--
       (1) the applicable accounts of the House of 
     Representatives; and
       (2) the contingent fund of the Senate from the 
     appropriations account ``Miscellaneous Items'', subject to 
     Senate rules and regulations.

     SEC. 304. RULEMAKING.

       The provisions of this title are enacted by Congress--
       (1) as an exercise of the rulemaking power of the House of 
     Representatives and the Senate, respectively, and as such 
     they shall be considered as part of the rules of each House, 
     respectively, or of that House to which they specifically 
     apply, and such rules shall supersede other rules only to the 
     extent that they are inconsistent therewith; and
       (2) with full recognition of the constitutional right of 
     either House to change such rules (so far as relating to such 
     House) at any time, in the same manner, and to the same 
     extent as in the case of any other rule of such House.

               TITLE IV--DEBT CEILING DISAPPROVAL PROCESS

     SEC. 401. DEBT CEILING DISAPPROVAL PROCESS.

       Subchapter I of chapter 31 of subtitle III of title 31, 
     United States Code, is amended--
       (1) in section 3101(b), by striking ``or otherwise'' and 
     inserting ``or as provided by section 3101A or otherwise''; 
     and
       (2) by inserting after section 3101, the following:

     ``Sec. 3101A. Presidential modification of the debt ceiling

       ``(a) In General.--
       ``(1) $1.2 trillion.--
       ``(A) Certification.--If, not later than December 31, 2011, 
     the President submits a written certification to Congress 
     that the President has determined that the debt subject to 
     limit is within $100,000,000,000 of the limit in section 
     3101(b) and that further borrowing is required to meet 
     existing commitments, the Secretary of the Treasury may 
     exercise authority to borrow an additional $1,200,000,000,000 
     subject to the enactment of a joint resolution of disapproval 
     enacted pursuant to this section. Upon submission of such 
     certification, the limit on debt provided in section 3101(b) 
     (referred to in this section as the `debt limit') is 
     increased by $416,000,000,000.
       ``(B) Resolution of disapproval.--Congress may consider a 
     joint resolution of disapproval of the authority under 
     subparagraph (A) as provided in subsections (b) through (f). 
     The joint resolution of disapproval considered under this 
     section shall contain only the language provided in 
     subsection (b)(2). If the time for disapproval has lapsed 
     without enactment of a joint resolution of disapproval under 
     this section, the debt limit is increased by an additional 
     $784,000,000,000.
       ``(2) Additional amount.--
       ``(A) Certification.--If, after the debt limit is increased 
     by $1,200,000,000,000 under paragraph (1), the President 
     submits a written certification to Congress that the 
     President has determined that the debt subject to limit is 
     within $150,000,000,000 of the limit in section 3101(b) and 
     that further borrowing is required to meet existing 
     commitments, the Secretary of the Treasury may exercise 
     authority to borrow an additional amount equal to 
     $1,200,000,000,000 subject to the enactment of a joint 
     resolution of disapproval enacted pursuant to this section.
       ``(B) Resolution of disapproval.--Congress may consider a 
     joint resolution of disapproval of the authority under 
     subparagraph (A) as provided in subsections (b) through (f). 
     The joint resolution of disapproval considered under this 
     section shall contain only the language provided in 
     subsection (b)(2). After the time for disapproval has lapsed 
     without enactment of a joint resolution of disapproval under 
     this section, the debt limit is increased by the amount 
     authorized under subparagraph (A).
       ``(b) Joint Resolution of Disapproval.--
       ``(1) In general.--Except for the $416,000,000,000 increase 
     in the debt limit provided by subsection (a)(1)(A), the debt 
     limit may not be raised under this section if, within 55 
     calendar days after the date on which Congress receives a 
     certification described in subsection (a)(1) or within 15 
     calendar days after the Congress receives the certification 
     described in subsection (a)(2) (regardless of whether 
     Congress is in session), there is enacted into law a joint 
     resolution disapproving the President's exercise of authority 
     with respect to such additional amount.
       ``(2) Contents of joint resolution.--For the purpose of 
     this section, the term `joint resolution' means only a joint 
     resolution--
       ``(A)(i) for the certification described in subsection 
     (a)(1), that is introduced on September 6, 7, 8 or 9, 2011 
     (or, if the Senate was not in session, the next calendar day 
     on which the Senate is in session); and
       ``(ii) for the certification described in subsection 
     (a)(2), that is introduced between the date the certification 
     is received and 3 calendar days after that date;
       ``(B) which does not have a preamble;
       ``(C) the title of which is only as follows: `Joint 
     resolution relating to the disapproval of the President's 
     exercise of authority to increase the debt limit, as 
     submitted under section 3101A of title 31, United States Code 
     on ____________' (with the blank containing the date of 
     submission); and
       ``(D) the matter after the resolving clause of which is 
     only as follows: `That Congress disapproves of the 
     President's exercise of authority to increase the debt limit, 
     as exercised pursuant to the certification under section 
     3101A(a) of title 31, United States Code.'.
       ``(c) Expedited Consideration in House of 
     Representatives.--
       ``(1) Reconvening.--Upon receipt of a certification 
     described in subsection (a)(2), the Speaker, if the House 
     would otherwise be adjourned, shall notify the Members of the 
     House that, pursuant to this section, the House shall convene 
     not later than the second calendar day after receipt of such 
     certification.
       ``(2) Reporting and discharge.--Any committee of the House 
     of Representatives to which a joint resolution is referred 
     shall report it to the House without amendment not later than 
     5 calendar days after the date of

[[Page S5086]]

     introduction of the joint resolution described in subsection 
     (a). If a committee fails to report a joint resolution within 
     that period, the committee shall be discharged from further 
     consideration of the joint resolution and the joint 
     resolution shall be referred to the appropriate calendar.
       ``(3) Proceeding to consideration.--After each committee 
     authorized to consider a joint resolution reports it to the 
     House or has been discharged from its consideration, it shall 
     be in order, not later than the sixth day after introduction 
     of a joint resolution under subsection (a), to move to 
     proceed to consider the joint resolution in the House. All 
     points of order against the motion are waived. Such a motion 
     shall not be in order after the House has disposed of a 
     motion to proceed on a joint resolution addressing a 
     particular submission. The previous question shall be 
     considered as ordered on the motion to its adoption without 
     intervening motion. The motion shall not be debatable. A 
     motion to reconsider the vote by which the motion is disposed 
     of shall not be in order.
       ``(4) Consideration.--The joint resolution shall be 
     considered as read. All points of order against the joint 
     resolution and against its consideration are waived. The 
     previous question shall be considered as ordered on the joint 
     resolution to its passage without intervening motion except 
     two hours of debate equally divided and controlled by the 
     proponent and an opponent. A motion to reconsider the vote on 
     passage of the joint resolution shall not be in order.
       ``(d) Expedited Procedure in Senate.--
       ``(1) Reconvening.--Upon receipt of a certification under 
     subsection (a)(2), if the Senate has adjourned or recessed 
     for more than 2 days, the majority leader of the Senate, 
     after consultation with the minority leader of the Senate, 
     shall notify the Members of the Senate that, pursuant to this 
     section, the Senate shall convene not later than the second 
     calendar day after receipt of such message.
       ``(2) Placement on calendar.--Upon introduction in the 
     Senate, the joint resolution shall be immediately placed on 
     the calendar.
       ``(3) Floor consideration.--
       ``(A) In general.--Notwithstanding Rule XXII of the 
     Standing Rules of the Senate, it is in order at any time 
     during the period beginning on the day after the date on 
     which Congress receives a certification under subsection (a) 
     and for the certification described in subsection (a)(1), 
     ending on September 14, 2011 and for the certification 
     described in subsection (a)(2) on the 6th day after the date 
     on which Congress receives a certification under subsection 
     (a) (even though a previous motion to the same effect has 
     been disagreed to) to move to proceed to the consideration of 
     the joint resolution, and all points of order against the 
     joint resolution (and against consideration of the joint 
     resolution) are waived. The motion to proceed is not 
     debatable. The motion is not subject to a motion to postpone. 
     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 the resolution is agreed to, 
     the joint resolution shall remain the unfinished business 
     until disposed of.
       ``(B) Consideration.--Consideration of the joint 
     resolution, and on all debatable motions and appeals in 
     connection therewith, shall be limited to not more than 10 
     hours, which shall be divided equally between the majority 
     and minority leaders or their designees. A motion further to 
     limit debate is in order and not debatable. An amendment to, 
     or a motion to postpone, or a motion to proceed to the 
     consideration of other business, or a motion to recommit the 
     joint resolution is not in order.
       ``(C) Vote on passage.--If the Senate has voted to proceed 
     to a joint resolution, the vote on passage of the joint 
     resolution shall occur immediately following the conclusion 
     of consideration of the joint resolution, and a single quorum 
     call at the conclusion of the debate if requested in 
     accordance with the rules of the Senate.
       ``(D) Rulings of the chair on procedure.--Appeals from the 
     decisions of the Chair relating to the application of the 
     rules of the Senate, as the case may be, to the procedure 
     relating to a joint resolution shall be decided without 
     debate.
       ``(e) Amendment Not in Order.--A joint resolution of 
     disapproval considered pursuant to this section shall not be 
     subject to amendment in either the House of Representatives 
     or the Senate.
       ``(f) Coordination With Action by Other House.--
       ``(1) In general.--If, before passing the joint resolution, 
     one House receives from the other a joint resolution--
       ``(A) the joint resolution of the other House shall not be 
     referred to a committee; and
       ``(B) the procedure in the receiving House shall be the 
     same as if no joint resolution had been received from the 
     other House until the vote on passage, when the joint 
     resolution received from the other House shall supplant the 
     joint resolution of the receiving House.
       ``(2) Treatment of joint resolution of other house.--If the 
     Senate fails to introduce or consider a joint resolution 
     under this section, the joint resolution of the House shall 
     be entitled to expedited floor procedures under this section.
       ``(3) Treatment of companion measures.--If, following 
     passage of the joint resolution in the Senate, the Senate 
     then receives the companion measure from the House of 
     Representatives, the companion measure shall not be 
     debatable.
       ``(4) Consideration after passage.--
       ``(A) In general.--If Congress passes a joint resolution, 
     the period beginning on the date the President is presented 
     with the joint resolution and ending on the date the 
     President takes action with respect to the joint resolution 
     (but excluding days when either House is not in session) 
     shall be disregarded in computing the appropriate calendar 
     day period described in subsection (b)(1).
       ``(B) Vetoes.--If the President vetoes the joint 
     resolution--
       ``(i) the period beginning on the date the President vetoes 
     the joint resolution and ending on the day on which the 
     Congress receives the veto message with respect to the joint 
     resolution (regardless of whether Congress is in session) 
     shall be disregarded in computing the appropriate calendar 
     day period described in subsection (b)(1); and
       ``(ii) debate on a veto message in the Senate under this 
     section shall be 1 hour equally divided between the majority 
     and minority leaders or their designees.
       ``(5) Veto override.--If within the appropriate calendar 
     day period described in subsection (b)(1), Congress overrides 
     a veto of the joint resolution with respect to authority 
     exercised pursuant to paragraph (1) or (2) of subsection (a), 
     the limit on debt provided in section 3101(b) shall not be 
     raised, except for the $416,000,000,000 increase in the limit 
     provided by subsection (a)(1)(A)(i).
       ``(6) Sequester.--
       ``(A) In general.--If within the 55 calendar days of 
     receiving the certification described in subsection (a)(1), 
     Congress overrides a veto of the joint resolution with 
     respect to authority exercised pursuant to paragraph (1) of 
     subsection (a), OMB shall, immediately, sequester pro rata 
     amounts from all discretionary and direct spending accounts 
     as defined in section 250(c) of the Balanced Budget and 
     Emergency Deficit Control Act of 1985 (2 U.S.C. 900(c)) (as 
     in effect September 30, 2006) equal to $416,000,000,000. No 
     reduction of payments for net interest (all of major 
     functional category 900) shall be made under any order issued 
     under this paragraph.
       ``(B) Application.--Section 255 of the Balanced Budget and 
     Emergency Deficit Control Act of 1985 shall not apply to this 
     section, except that payments for military personnel accounts 
     (within subfunctional category 051), TRICARE for Life, 
     Medicare (functional category 570), military retirement, 
     Social Security (functional category 650), veterans 
     (functional category 700), and net interest (functional 
     category 900) shall be exempt.
       ``(g) Rules of House of Representatives and Senate.--This 
     subsection and subsections (b), (c), (d), (e) and (f) are 
     enacted by Congress--
       ``(1) as an exercise of the rulemaking power of the Senate 
     and House of Representatives, respectively, and as such it is 
     deemed a part of the rules of each House, respectively, but 
     applicable only with respect to the procedure to be followed 
     in that House in the case of a joint resolution, and it 
     supersedes other rules only to the extent that it is 
     inconsistent with such rules; and
       ``(2) with full recognition of the constitutional right of 
     either House to change the rules (so far as relating to the 
     procedure of that House) at any time, in the same manner, and 
     to the same extent as in the case of any other rule of that 
     House.''.
                                 ______
                                 
  SA 590. Mr. REID proposed an amendment to amendment SA 589 proposed 
by Mr. Reid to the bill S. 627, to establish the Commission on Freedom 
of Information Act Processing Delays; as follows:

       At the end, add the following new section:

     SEC.__.

       This Act shall become effective 5 days after enactment.
                                 ______
                                 
  SA 591. Mr. REID proposed an amendment to the bill S. 627, to 
establish the Commission on Freedom of Information Act Processing 
Delays; as follows:

       At the end, add the following new section:

     SEC.__.

       This Act shall become effective 3 days after enactment.
                                 ______
                                 
  SA 592. Mr. REID proposed an amendment to amendment SA 591 proposed 
by Mr. Reid to the bill S. 627, to establish the Commission on Freedom 
of Information Act Processing Delays; as follows:

       In the amendment, strike ``3 days'' and insert ``2 days''.
                                 ______
                                 
  SA 593. Mr. REID proposed an amendment to amendment SA 592 proposed 
by Mr. Reid to the amendment SA 591 proposed by Mr. Reid to the bill S. 
627, to establish the Commission on Freedom of Information Act 
Processing Delays; as follows:

       In the amendment, strike ``2 days'' and insert ``1 day''.

                          ____________________