[Congressional Record Volume 158, Number 109 (Thursday, July 19, 2012)]
[Senate]
[Pages S5218-S5224]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                         SUBMITTED RESOLUTIONS

                                 ______
                                 

SENATE CONCURRENT RESOLUTION 52--SETTING FORTH THE CONGRESSIONAL BUDGET 
FOR THE UNITED STATES GOVERNMENT FOR FISCAL YEAR 2013 AND SETTING FORTH 
  THE APPROPRIATE BUDGETARY LEVELS FOR FISCAL YEARS 2014 THROUGH 2022

  Mr. LEE submitted the following concurrent resolution; which was 
placed on the calendar:

                            S. Con. Res. 52

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

     SECTION 1. CONCURRENT RESOLUTION ON THE BUDGET FOR FISCAL 
                   YEAR 2013.

       (a) Declaration.--Congress declares that this resolution is 
     the concurrent resolution on the budget for fiscal year 2013 
     and that this resolution sets forth the appropriate budgetary 
     levels for fiscal years 2014 through 2022.
       (b) Table of Contents.--The table of contents for this 
     concurrent resolution is as follows:

Sec. 1. Concurrent resolution on the budget for fiscal year 2013.

                TITLE I--RECOMMENDED LEVELS AND AMOUNTS

Sec. 101. Recommended levels and amounts.
Sec. 102. Social Security.
Sec. 103. Major functional categories.

                        TITLE II--RESERVE FUNDS

Sec. 201. Deficit-reduction reserve fund for the sale of unused or 
              vacant Federal properties.
Sec. 202. Deficit-reduction reserve fund for selling excess Federal 
              land.
Sec. 203. Deficit-reduction reserve fund for the repeal of Davis-Bacon 
              prevailing wage laws.
Sec. 204. Deficit-reduction reserve fund for the reduction of 
              purchasing and maintaining Federal vehicles.
Sec. 205. Deficit-reduction reserve fund for the sale of financial 
              assets purchased through the Troubled Asset Relief 
              Program.

[[Page S5219]]

Sec. 206. Reserve fund for the repeal of the 2010 health care laws.

                       TITLE III--BUDGET PROCESS

                     Subtitle A--Budget Enforcement

Sec. 301. Discretionary spending limits for fiscal years 2013 through 
              2022, program integrity initiatives, and other 
              adjustments.
Sec. 302. Point of order against advance appropriations.

                      Subtitle B--Other Provisions

Sec. 311. Oversight of government performance.
Sec. 312. Application and effect of changes in allocations and 
              aggregates.
Sec. 313. Adjustments to reflect changes in concepts and definitions.

                        TITLE IV--RECONCILIATION

Sec. 401. Reconciliation in the Senate.

                 TITLE V--CONGRESSIONAL POLICY CHANGES

Sec. 501. Policy statement on social security.
Sec. 502. Policy statement on Medicare.
Sec. 503. Policy statement on Medicaid.
Sec. 504. Policy statement on tax reform.
Sec. 505. Policy statement on government asset sales.
Sec. 506. Policy on repealing Obamacare.

                      TITLE VI--SENSE OF CONGRESS

Sec. 601. Regulatory reform.
Sec. 602. Rescind unspent or unobligated balances after 36 months.

                TITLE I--RECOMMENDED LEVELS AND AMOUNTS

     SEC. 101. RECOMMENDED LEVELS AND AMOUNTS.

       The following budgetary levels are appropriate for each of 
     fiscal years 2013 through 2022:
       (1) Federal revenues.--For purposes of the enforcement of 
     this resolution:
       (A) The recommended levels of Federal revenues are as 
     follows:
       Fiscal year 2013: $1,961,929,000,000.
       Fiscal year 2014: $2,144,992,000,000.
       Fiscal year 2015: $2,376,945,000,000.
       Fiscal year 2016: $2,558,632,000,000.
       Fiscal year 2017: $2,715,114,000,000.
       Fiscal year 2018: $2,846,304,000,000.
       Fiscal year 2019: $2,984,528,000,000.
       Fiscal year 2020: $3,135,231,000,000.
       Fiscal year 2021: $3,292,091,000,000.
       Fiscal year 2022: $3,453,764,000,000.
       (B) The amounts by which the aggregate levels of Federal 
     revenues should be changed are as follows:
       Fiscal year 2013: -$328,000,000,000.
       Fiscal year 2014: -$440,000,000,000.
       Fiscal year 2015: -$421,000,000,000.
       Fiscal year 2016: -$406,000,000,000.
       Fiscal year 2017: -$457,000,000,000.
       Fiscal year 2018: -$484,000,000,000.
       Fiscal year 2019: -$513,000,000,000.
       Fiscal year 2020: -$541,000,000,000.
       Fiscal year 2021: -$585,000,000,000.
       Fiscal year 2022: -$631,000,000,000.
       (2) New budget authority.--For purposes of the enforcement 
     of this resolution, the appropriate levels of total new 
     budget authority are as follows:
       Fiscal year 2013: $2,602,345,000,000.
       Fiscal year 2014: $2,498,340,000,000.
       Fiscal year 2015: $2,584,430,000,000.
       Fiscal year 2016: $2,598,024,000,000.
       Fiscal year 2017: $2,712,605,000,000.
       Fiscal year 2018: $2,834,797,000,000.
       Fiscal year 2019: $2,991,342,000,000.
       Fiscal year 2020: $3,124,945,000,000.
       Fiscal year 2021: $3,216,804,000,000.
       Fiscal year 2022: $3,326,195,000,000.
       (3) Budget outlays.--For purposes of the enforcement of 
     this resolution, the appropriate levels of total budget 
     outlays are as follows:
       Fiscal year 2013: $2,658,535,000,000.
       Fiscal year 2014: $2,540,263,000,000.
       Fiscal year 2015: $2,600,001,000,000.
       Fiscal year 2016: $2,600,898,000,000.
       Fiscal year 2017: $2,698,998,000,000.
       Fiscal year 2018: $2,817,023,000,000.
       Fiscal year 2019: $2,960,794,000,000.
       Fiscal year 2020: $3,092,448,000,000.
       Fiscal year 2021: $3,181,088,000,000.
       Fiscal year 2022: $3,289,369,000,000.
       (4) Deficits.--For purposes of the enforcement of this 
     resolution, the amounts of the deficits are as follows:
       Fiscal year 2013: $696,606,000,000.
       Fiscal year 2014: $395,271,000,000.
       Fiscal year 2015: $223,056,000,000.
       Fiscal year 2016: $42,265,000,000.
       Fiscal year 2017: -$16,115,000,000.
       Fiscal year 2018: -$29,282,000,000.
       Fiscal year 2019: -$23,735,000,000.
       Fiscal year 2020: -$42,783,000,000.
       Fiscal year 2021: -$111,004,000,000.
       Fiscal year 2022: -$164,394,000,000.
       (5) Public debt.--Pursuant to section 301(a)(5) of the 
     Congressional Budget Act of 1974, the appropriate levels of 
     the public debt are as follows:
       Fiscal year 2013: $11,871,000,000,000.
       Fiscal year 2014: $12,368,000,000,000.
       Fiscal year 2015: $12,679,000,000,000.
       Fiscal year 2016: $12,799,000,000,000.
       Fiscal year 2017: $12,855,000,000,000.
       Fiscal year 2018: $12,888,000,000,000.
       Fiscal year 2019: $12,928,000,000,000.
       Fiscal year 2020: $12,932,000,000,000.
       Fiscal year 2021: $12,874,000,000,000.
       Fiscal year 2022: $12,770,000,000,000.
       (6) Debt held by the public.--The appropriate levels of 
     debt held by the public are as follows:
       Fiscal year 2013: $16,782,000,000,000.
       Fiscal year 2014: $17,423,000,000,000.
       Fiscal year 2015: $17,908,000,000,000.
       Fiscal year 2016: $18,210,000,000,000.
       Fiscal year 2017: $18,468,000,000,000.
       Fiscal year 2018: $18,729,000,000,000.
       Fiscal year 2019: $18,943,000,000,000.
       Fiscal year 2020: $19,112,000,000,000.
       Fiscal year 2021: $19,204,000,000,000.
       Fiscal year 2022: $19,224,000,000,000.

     SEC. 102. SOCIAL SECURITY.

       (a) Social Security Revenues.--For purposes of Senate 
     enforcement under sections 302 and 311 of the Congressional 
     Budget Act of 1974, the amounts of revenues of the Federal 
     Old-Age and Survivors Insurance Trust Fund and the Federal 
     Disability Insurance Trust Fund are as follows:
       Fiscal year 2013: $675,120,000,000.
       Fiscal year 2014: $731,427,000,000.
       Fiscal year 2015: $772,640,000,000.
       Fiscal year 2016: $821,698,000,000.
       Fiscal year 2017: $872,014,000,000.
       Fiscal year 2018: $919,303,000,000.
       Fiscal year 2019: $965,008,000,000.
       Fiscal year 2020: $1,010,593,000,000.
       Fiscal year 2021: $1,055,547,000,000.
       Fiscal year 2022: $1,102,093,000,000.
       (b) Social Security Outlays.--For purposes of Senate 
     enforcement under sections 302 and 311 of the Congressional 
     Budget Act of 1974, the amounts of outlays of the Federal 
     Old-Age and Survivors Insurance Trust Fund and the Federal 
     Disability Insurance Trust Fund are as follows:
       Fiscal year 2013: $720,436,000,000.
       Fiscal year 2014: $758,457,000,000.
       Fiscal year 2015: $797,609,000,000.
       Fiscal year 2016: $839,879,000,000.
       Fiscal year 2017: $887,426,000,000.
       Fiscal year 2018: $939,147,000,000.
       Fiscal year 2019: $995,537,000,000.
       Fiscal year 2020: $1,032,447,000,000.
       Fiscal year 2021: $1,093,921,000,000.
       Fiscal year 2022: $1,153,017,000,000.
       (c) Social Security Administrative Expenses.--In the 
     Senate, the amounts of new budget authority and budget 
     outlays of the Federal Old-Age and Survivors Insurance Trust 
     Fund and the Federal Disability Insurance Trust Fund for 
     administrative expenses are as follows:
       Fiscal year 2013:
       (A) New budget authority, $5,539,000,000.
       (B) Outlays, $5,543,000,000.
       Fiscal year 2014:
       (A) New budget authority, $5,701,000,000.
       (B) Outlays, $5,709,000,000.
       Fiscal year 2015:
       (A) New budget authority, $5,868,000,000.
       (B) Outlays, $5,842,000,000.
       Fiscal year 2016:
       (A) New budget authority, $6,047,000,000.
       (B) Outlays, $6,019,000,000.
       Fiscal year 2017:
       (A) New budget authority, $6,231,000,000.
       (B) Outlays, $6,201,000,000.
       Fiscal year 2018:
       (A) New budget authority, $6,434,000,000.
       (B) Outlays, $6,402,000,000.
       Fiscal year 2019:
       (A) New budget authority, $6,651,000,000.
       (B) Outlays, $6,617,000,000.
       Fiscal year 2020:
       (A) New budget authority, $6,867,000,000.
       (B) Outlays, $6,832,000,000.
       Fiscal year 2021:
       (A) New budget authority, $7,088,000,000.
       (B) Outlays, $7,052,000,000.
       Fiscal year 2022:
       (A) New budget authority, $7,320,000,000.
       (B) Outlays, $7,283,000,000.

     SEC. 103. MAJOR FUNCTIONAL CATEGORIES.

       Congress determines and declares that the appropriate 
     levels of new budget authority and outlays for fiscal years 
     2013 through 2022 for each major functional category are:
       (1) National Defense (050):
       Fiscal year 2013:
       (A) New budget authority, $696,600,000,000.
       (B) Outlays, $713,500,000,000.
       Fiscal year 2014:
       (A) New budget authority, $699,900,000,000.
       (B) Outlays, $713,900,000,000.
       Fiscal year 2015:
       (A) New budget authority, $724,900,000,000.
       (B) Outlays, $732,100,000,000.
       Fiscal year 2016:
       (A) New budget authority, $749,500,000,000.
       (B) Outlays, $749,500,000,000.
       Fiscal year 2017:
       (A) New budget authority, $766,700,000,000.
       (B) Outlays, $759,100,000,000.
       Fiscal year 2018:
       (A) New budget authority, $784,800,000,000.
       (B) Outlays, $777,100,000,000.
       Fiscal year 2019:
       (A) New budget authority, $812,700,000,000.
       (B) Outlays, $796,700,000,000.
       Fiscal year 2020:
       (A) New budget authority, $835,600,000,000.
       (B) Outlays, $819,800,000,000.
       Fiscal year 2021:
       (A) New budget authority, $857,900,000,000.
       (B) Outlays, $841,500,000,000.
       Fiscal year 2022:
       (A) New budget authority, $881,100,000,000.
       (B) Outlays, $864,300,000,000.
       (2) International Affairs (150):
       Fiscal year 2013:
       (A) New budget authority, $38,024,000,000.
       (B) Outlays, $41,175,000,000.
       Fiscal year 2014:
       (A) New budget authority, $36,214,000,000.
       (B) Outlays, $41,078,000,000.
       Fiscal year 2015:
       (A) New budget authority, $32,615,000,000.
       (B) Outlays, $37,851,000,000.
       Fiscal year 2016:
       (A) New budget authority, $34,605,000,000.
       (B) Outlays, $39,104,000,000.
       Fiscal year 2017:
       (A) New budget authority, $36,288,000,000.
       (B) Outlays, $39,950,000,000.

[[Page S5220]]

       Fiscal year 2018:
       (A) New budget authority, $36,754,000,000.
       (B) Outlays, $39,928,000,000.
       Fiscal year 2019:
       (A) New budget authority, $38,239,000,000.
       (B) Outlays, $41,199,000,000.
       Fiscal year 2020:
       (A) New budget authority, $39,017,000,000.
       (B) Outlays, $42,036,000,000.
       Fiscal year 2021:
       (A) New budget authority, $39,856,000,000.
       (B) Outlays, $42,873,000,000.
       Fiscal year 2022:
       (A) New budget authority, $40,168,000,000.
       (B) Outlays, $43,043,000,000.
       (3) General Science, Space, and Technology (250):
       Fiscal year 2013:
       (A) New budget authority, $11,390,000,000.
       (B) Outlays, $11,875,000,000.
       Fiscal year 2014:
       (A) New budget authority, $10,781,000,000.
       (B) Outlays, $10,925,000,000.
       Fiscal year 2015:
       (A) New budget authority, $10,190,000,000.
       (B) Outlays, $10,175,000,000.
       Fiscal year 2016:
       (A) New budget authority, $10,043,000,000.
       (B) Outlays, $9,984,000,000.
       Fiscal year 2017:
       (A) New budget authority, $10,281,000,000.
       (B) Outlays, $10,200,000,000.
       Fiscal year 2018:
       (A) New budget authority, $10,953,000,000.
       (B) Outlays, $10,850,000,000.
       Fiscal year 2019:
       (A) New budget authority, $11,201,000,000.
       (B) Outlays, $11,075,000,000.
       Fiscal year 2020:
       (A) New budget authority, $10,976,000,000.
       (B) Outlays, $10,848,000,000.
       Fiscal year 2021:
       (A) New budget authority, $11,231,000,000.
       (B) Outlays, $11,064,000,000.
       Fiscal year 2022:
       (A) New budget authority, $11,044,000,000.
       (B) Outlays, $10,879,000,000.
       (4) Energy (270):
       Fiscal year 2013:
       (A) New budget authority, $1,924,000,000.
       (B) Outlays, $8,075,000,000.
       Fiscal year 2014:
       (A) New budget authority, $1,765,000,000.
       (B) Outlays, $4,807,000,000.
       Fiscal year 2015:
       (A) New budget authority, $934,000,000.
       (B) Outlays, $2,035,000,000.
       Fiscal year 2016:
       (A) New budget authority, $1,043,000,000.
       (B) Outlays, $2,080,000,000.
       Fiscal year 2017:
       (A) New budget authority, $1,260,000,000.
       (B) Outlays, $2,125,000,000.
       Fiscal year 2018:
       (A) New budget authority, $1,292,000,000.
       (B) Outlays, $2,170,000,000.
       Fiscal year 2019:
       (A) New budget authority, $1,323,000,000.
       (B) Outlays, $2,215,000,000.
       Fiscal year 2020:
       (A) New budget authority, $1,081,000,000.
       (B) Outlays, $1,808,000,000.
       Fiscal year 2021:
       (A) New budget authority, $1,105,000,000.
       (B) Outlays, $1,844,000,000.
       Fiscal year 2022:
       (A) New budget authority, $1,138,000,000.
       (B) Outlays, $1,892,000,000.
       (5) Natural Resources and Environment (300):
       Fiscal year 2013:
       (A) New budget authority, $24,988,000,000.
       (B) Outlays, $28,975,000,000.
       Fiscal year 2014:
       (A) New budget authority, $23,662,000,000.
       (B) Outlays, $27,094,000,000.
       Fiscal year 2015:
       (A) New budget authority, $20,775,000,000.
       (B) Outlays, $24,013,000,000.
       Fiscal year 2016:
       (A) New budget authority, $22,093,000,000.
       (B) Outlays, $24,128,000,000.
       Fiscal year 2017:
       (A) New budget authority, $23,753,000,000.
       (B) Outlays, $25,075,000,000.
       Fiscal year 2018:
       (A) New budget authority, $25,130,000,000.
       (B) Outlays, $25,172,000,000.
       Fiscal year 2019:
       (A) New budget authority, $26,291,000,000.
       (B) Outlays, $26,137,000,000.
       Fiscal year 2020:
       (A) New budget authority, $26,460,000,000.
       (B) Outlays, $26,216,000,000.
       Fiscal year 2021:
       (A) New budget authority, $27,487,000,000.
       (B) Outlays, $27,199,000,000.
       Fiscal year 2022:
       (A) New budget authority, $27,265,000,000.
       (B) Outlays, $26,961,000,000.
       (6) Agriculture (350):
       Fiscal year 2013:
       (A) New budget authority, $9,822,000,000.
       (B) Outlays, $9,775,000,000.
       Fiscal year 2014:
       (A) New budget authority, $9,390,000,000.
       (B) Outlays, $9,357,000,000.
       Fiscal year 2015:
       (A) New budget authority, $8,666,000,000.
       (B) Outlays, $8,620,000,000.
       Fiscal year 2016:
       (A) New budget authority, $8,760,000,000.
       (B) Outlays, $8,710,000,000.
       Fiscal year 2017:
       (A) New budget authority, $8,423,000,000.
       (B) Outlays, $8,375,000,000.
       Fiscal year 2018:
       (A) New budget authority, $8,506,000,000.
       (B) Outlays, $8,456,000,000.
       Fiscal year 2019:
       (A) New budget authority, $8,588,000,000.
       (B) Outlays, $8,537,000,000.
       Fiscal year 2020:
       (A) New budget authority, $8,671,000,000.
       (B) Outlays, $8,618,000,000.
       Fiscal year 2021:
       (A) New budget authority, $9,687,000,000.
       (B) Outlays, $9,621,000,000.
       Fiscal year 2022:
       (A) New budget authority, $9,822,000,000.
       (B) Outlays, $9,753,000,000.
       (7) Commerce and Housing Credit (370):
       Fiscal year 2013:
       (A) New budget authority, $13,261,000,000.
       (B) Outlays, $13,001,000,000.
       Fiscal year 2014:
       (A) New budget authority, -$1,068,000,000.
       (B) Outlays, -$1,118,000,000.
       Fiscal year 2015:
       (A) New budget authority, -$3,900,000,000.
       (B) Outlays, -$3,894,000,000.
       Fiscal year 2016:
       (A) New budget authority, -$5,351,000,000.
       (B) Outlays, -$5,362,000,000.
       Fiscal year 2017:
       (A) New budget authority, -$7,049,000,000.
       (B) Outlays, -$7,080,000,000.
       Fiscal year 2018:
       (A) New budget authority, -$6,172,000,000.
       (B) Outlays, -$6,210,000,000.
       Fiscal year 2019:
       (A) New budget authority, -$9,909,000,000.
       (B) Outlays, -$9,972,000,000.
       Fiscal year 2020:
       (A) New budget authority, -$9,578,000,000.
       (B) Outlays, -$9,647,000,000.
       Fiscal year 2021:
       (A) New budget authority, -$2,999,000,000.
       (B) Outlays, -$3,087,000,000.
       Fiscal year 2022:
       (A) New budget authority, -$1,184,000,000.
       (B) Outlays, -$1,302,000,000.
       (8) Transportation (400):
       Fiscal year 2013:
       (A) New budget authority, $17,078,000,000.
       (B) Outlays, $27,075,000,000.
       Fiscal year 2014:
       (A) New budget authority, $6,958,000,000.
       (B) Outlays, $18,791,000,000.
       Fiscal year 2015:
       (A) New budget authority, $8,203,000,000.
       (B) Outlays, $19,129,000,000.
       Fiscal year 2016:
       (A) New budget authority, $8,169,000,000.
       (B) Outlays, $19,136,000,000.
       Fiscal year 2017:
       (A) New budget authority, $8,275,000,000.
       (B) Outlays, $19,125,000,000.
       Fiscal year 2018:
       (A) New budget authority, $8,439,000,000.
       (B) Outlays, $19,096,000,000.
       Fiscal year 2019:
       (A) New budget authority, $8,657,000,000.
       (B) Outlays, $19,049,000,000.
       Fiscal year 2020:
       (A) New budget authority, $9,401,000,000.
       (B) Outlays, $20,792,000,000.
       Fiscal year 2021:
       (A) New budget authority, $10,926,000,000.
       (B) Outlays, $22,128,000,000.
       Fiscal year 2022:
       (A) New budget authority, $9,793,000,000.
       (B) Outlays, $22,231,000,000.
       (9) Community and Regional Development (450):
       Fiscal year 2013:
       (A) New budget authority, $10,459,000,000.
       (B) Outlays, $19,000,000,000.
       Fiscal year 2014:
       (A) New budget authority, $8,265,000,000.
       (B) Outlays, $17,043,000,000.
       Fiscal year 2015:
       (A) New budget authority, $8,348,000,000.
       (B) Outlays, $13,838,000,000.
       Fiscal year 2016:
       (A) New budget authority, $10,611,000,000.
       (B) Outlays, $14,144,000,000.
       Fiscal year 2017:
       (A) New budget authority, $12,652,000,000.
       (B) Outlays, $14,875,000,000.
       Fiscal year 2018:
       (A) New budget authority, $14,022,000,000.
       (B) Outlays, $15,190,000,000.
       Fiscal year 2019:
       (A) New budget authority, $14,349,000,000.
       (B) Outlays, $15,062,000,000.
       Fiscal year 2020:
       (A) New budget authority, $14,365,000,000.
       (B) Outlays, $14,916,000,000.
       Fiscal year 2021:
       (A) New budget authority, $15,547,000,000.
       (B) Outlays, $16,135,000,000.
       Fiscal year 2022:
       (A) New budget authority, $15,512,000,000.
       (B) Outlays, $16,082,000,000.
       (10) Education, Training, Employment, and Social Services 
     (500):
       Fiscal year 2013:
       (A) New budget authority, $56,341,000,000.
       (B) Outlays, $57,875,000,000.
       Fiscal year 2014:
       (A) New budget authority, $52,978,000,000.
       (B) Outlays, $53,499,000,000.
       Fiscal year 2015:
       (A) New budget authority, $50,710,000,000.
       (B) Outlays, $50,180,000,000.
       Fiscal year 2016:
       (A) New budget authority, $54,699,000,000.
       (B) Outlays, $54,080,000,000.
       Fiscal year 2017:
       (A) New budget authority, $56,797,000,000.
       (B) Outlays, $56,100,000,000.
       Fiscal year 2018:
       (A) New budget authority, $57,622,000,000.
       (B) Outlays, $56,854,000,000.
       Fiscal year 2019:
       (A) New budget authority, $58,400,000,000.
       (B) Outlays, $57,590,000,000.
       Fiscal year 2020:
       (A) New budget authority, $59,907,000,000.
       (B) Outlays, $59,059,000,000.
       Fiscal year 2021:
       (A) New budget authority, $60,799,000,000.
       (B) Outlays, $59,930,000,000.

[[Page S5221]]

       Fiscal year 2022:
       (A) New budget authority, $60,885,000,000.
       (B) Outlays, $60,071,000,000.
       (11) Health (550):
       Fiscal year 2013:
       (A) New budget authority, $353,800,000,000.
       (B) Outlays, $348,000,000,000.
       Fiscal year 2014:
       (A) New budget authority, $337,591,000,000.
       (B) Outlays, $326,887,000,000.
       Fiscal year 2015:
       (A) New budget authority, $351,655,000,000.
       (B) Outlays, $330,821,000,000.
       Fiscal year 2016:
       (A) New budget authority, $361,046,000,000.
       (B) Outlays, $340,432,000,000.
       Fiscal year 2017:
       (A) New budget authority, $374,026,000,000.
       (B) Outlays, $349,175,000,000.
       Fiscal year 2018:
       (A) New budget authority, $385,327,000,000.
       (B) Outlays, $360,180,000,000.
       Fiscal year 2019:
       (A) New budget authority, $399,456,000,000.
       (B) Outlays, $371,797,000,000.
       Fiscal year 2020:
       (A) New budget authority, $413,929,000,000.
       (B) Outlays, $383,778,000,000.
       Fiscal year 2021:
       (A) New budget authority, $443,416,000,000.
       (B) Outlays, $411,012,000,000.
       Fiscal year 2022:
       (A) New budget authority, $472,571,000,000.
       (B) Outlays, $438,342,000,000.
       (12) Medicare (570):
       Fiscal year 2013:
       (A) New budget authority, $585,288,000,000.
       (B) Outlays, $585,220,000,000.
       Fiscal year 2014:
       (A) New budget authority, $617,452,000,000.
       (B) Outlays, $617,414,000,000.
       Fiscal year 2015:
       (A) New budget authority, $650,316,000,000.
       (B) Outlays, $650,265,000,000.
       Fiscal year 2016:
       (A) New budget authority, $624,673,000,000.
       (B) Outlays, $624,626,000,000.
       Fiscal year 2017:
       (A) New budget authority, $623,319,000,000.
       (B) Outlays, $623,271,000,000.
       Fiscal year 2018:
       (A) New budget authority, $625,754,000,000.
       (B) Outlays, $625,706,000,000.
       Fiscal year 2019:
       (A) New budget authority, $653,437,000,000.
       (B) Outlays, $653,384,000,000.
       Fiscal year 2020:
       (A) New budget authority, $665,758,000,000.
       (B) Outlays, $665,702,000,000.
       Fiscal year 2021:
       (A) New budget authority, $632,639,000,000.
       (B) Outlays, $632,583,000,000.
       Fiscal year 2022:
       (A) New budget authority, $663,152,000,000.
       (B) Outlays, $663,095,000,000.
       (13) Income Security (600):
       Fiscal year 2013:
       (A) New budget authority, $458,510,000,000.
       (B) Outlays, $462,945,000,000.
       Fiscal year 2014:
       (A) New budget authority, $388,595,000,000.
       (B) Outlays, $391,402,000,000.
       Fiscal year 2015:
       (A) New budget authority, $382,123,000,000.
       (B) Outlays, $383,981,000,000.
       Fiscal year 2016:
       (A) New budget authority, $384,516,000,000.
       (B) Outlays, $385,762,000,000.
       Fiscal year 2017:
       (A) New budget authority, $385,722,000,000.
       (B) Outlays, $386,070,000,000.
       Fiscal year 2018:
       (A) New budget authority, $394,436,000,000.
       (B) Outlays, $394,212,000,000.
       Fiscal year 2019:
       (A) New budget authority, $400,998,000,000.
       (B) Outlays, $400,516,000,000.
       Fiscal year 2020:
       (A) New budget authority, $416,931,000,000.
       (B) Outlays, $416,354,000,000.
       Fiscal year 2021:
       (A) New budget authority, $405,108,000,000.
       (B) Outlays, $404,451,000,000.
       Fiscal year 2022:
       (A) New budget authority, $417,175,000,000.
       (B) Outlays, $416,541,000,000.
       (14) Social Security (650):
       Fiscal year 2013:
       (A) New budget authority, $53,216,000,000.
       (B) Outlays, $53,296,000,000.
       Fiscal year 2014:
       (A) New budget authority, $31,892,000,000.
       (B) Outlays, $32,002,000,000.
       Fiscal year 2015:
       (A) New budget authority, $35,135,000,000.
       (B) Outlays, $35,210,000,000.
       Fiscal year 2016:
       (A) New budget authority, $38,953,000,000.
       (B) Outlays, $38,991,000,000.
       Fiscal year 2017:
       (A) New budget authority, $43,140,000,000.
       (B) Outlays, $43,140,000,000.
       Fiscal year 2018:
       (A) New budget authority, $47,590,000,000.
       (B) Outlays, $47,590,000,000.
       Fiscal year 2019:
       (A) New budget authority, $52,429,000,000.
       (B) Outlays, $52,429,000,000.
       Fiscal year 2020:
       (A) New budget authority, $57,425,000,000.
       (B) Outlays, $57,425,000,000.
       Fiscal year 2021:
       (A) New budget authority, $62,604,000,000.
       (B) Outlays, $62,604,000,000.
       Fiscal year 2022:
       (A) New budget authority, $68,079,000,000.
       (B) Outlays, $68,079,000,000.
       (15) Veterans Benefits and Services (700):
       Fiscal year 2013:
       (A) New budget authority, $119,099,000,000.
       (B) Outlays, $119,750,000,000.
       Fiscal year 2014:
       (A) New budget authority, $121,154,000,000.
       (B) Outlays, $121,456,000,000.
       Fiscal year 2015:
       (A) New budget authority, $123,497,000,000.
       (B) Outlays, $123,506,000,000.
       Fiscal year 2016:
       (A) New budget authority, $131,075,000,000.
       (B) Outlays, $130,702,000,000.
       Fiscal year 2017:
       (A) New budget authority, $128,369,000,000.
       (B) Outlays, $127,870,000,000.
       Fiscal year 2018:
       (A) New budget authority, $127,819,000,000.
       (B) Outlays, $127,274,000,000.
       Fiscal year 2019:
       (A) New budget authority, $134,992,000,000.
       (B) Outlays, $134,425,000,000.
       Fiscal year 2020:
       (A) New budget authority, $139,848,000,000.
       (B) Outlays, $139,274,000,000.
       Fiscal year 2021:
       (A) New budget authority, $142,925,000,000.
       (B) Outlays, $142,327,000,000.
       Fiscal year 2022:
       (A) New budget authority, $142,670,000,000.
       (B) Outlays, $142,079,000,000.
       (16) Administration of Justice (750):
       Fiscal year 2013:
       (A) New budget authority, $47,182,000,000.
       (B) Outlays, $48,925,000,000.
       Fiscal year 2014:
       (A) New budget authority, $45,833,000,000.
       (B) Outlays, $48,070,000,000.
       Fiscal year 2015:
       (A) New budget authority, $45,232,000,000.
       (B) Outlays, $46,805,000,000.
       Fiscal year 2016:
       (A) New budget authority, $46,682,000,000.
       (B) Outlays, $47,840,000,000.
       Fiscal year 2017:
       (A) New budget authority, $47,921,000,000.
       (B) Outlays, $48,875,000,000.
       Fiscal year 2018:
       (A) New budget authority, $48,995,000,000.
       (B) Outlays, $49,910,000,000.
       Fiscal year 2019:
       (A) New budget authority, $50,690,000,000.
       (B) Outlays, $50,945,000,000.
       Fiscal year 2020:
       (A) New budget authority, $51,208,000,000.
       (B) Outlays, $51,980,000,000.
       Fiscal year 2021:
       (A) New budget authority, $52,229,000,000.
       (B) Outlays, $53,015,000,000.
       Fiscal year 2022:
       (A) New budget authority, $52,207,000,000.
       (B) Outlays, $52,976,000,000.
       (17) General Government (800):
       Fiscal year 2013:
       (A) New budget authority, $17,292,000,000.
       (B) Outlays, $19,000,000,000.
       Fiscal year 2014:
       (A) New budget authority, $18,113,000,000.
       (B) Outlays, $18,791,000,000.
       Fiscal year 2015:
       (A) New budget authority, $17,574,000,000.
       (B) Outlays, $17,908,000,000.
       Fiscal year 2016:
       (A) New budget authority, $17,752,000,000.
       (B) Outlays, $17,888,000,000.
       Fiscal year 2017:
       (A) New budget authority, $19,100,000,000.
       (B) Outlays, $19,125,000,000.
       Fiscal year 2018:
       (A) New budget authority, $19,082,000,000.
       (B) Outlays, $19,096,000,000.
       Fiscal year 2019:
       (A) New budget authority, $19,466,000,000.
       (B) Outlays, $19,049,000,000.
       Fiscal year 2020:
       (A) New budget authority, $20,345,000,000.
       (B) Outlays, $19,888,000,000.
       Fiscal year 2021:
       (A) New budget authority, $20,278,000,000.
       (B) Outlays, $19,823,000,000.
       Fiscal year 2022:
       (A) New budget authority, $20,320,000,000.
       (B) Outlays, $19,866,000,000.
       (18) Net Interest (900):
       Fiscal year 2013:
       (A) New budget authority, $226,273,000,000.
       (B) Outlays, $226,273,000,000.
       Fiscal year 2014:
       (A) New budget authority, $241,665,000,000.
       (B) Outlays, $241,665,000,000.
       Fiscal year 2015:
       (A) New budget authority, $278,158,000,000.
       (B) Outlays, $278,158,000,000.
       Fiscal year 2016:
       (A) New budget authority, $329,553,000,000.
       (B) Outlays, $329,553,000,000.
       Fiscal year 2017:
       (A) New budget authority, $377,828,000,000.
       (B) Outlays, $377,828,000,000.
       Fiscal year 2018:
       (A) New budget authority, $419,849,000,000.
       (B) Outlays, $419,849,000,000.
       Fiscal year 2019:
       (A) New budget authority, $456,458,000,000.
       (B) Outlays, $456,458,000,000.
       Fiscal year 2020:
       (A) New budget authority, $483,401,000,000.
       (B) Outlays, $483,401,000,000.
       Fiscal year 2021:
       (A) New budget authority, $497,066,000,000.
       (B) Outlays, $497,066,000,000.
       Fiscal year 2022:
       (A) New budget authority, $508,481,000,000.
       (B) Outlays, $508,481,000,000.
       (19) Allowances (920):
       Fiscal year 2013:
       (A) New budget authority, $0.
       (B) Outlays, $0.
       Fiscal year 2014:
       (A) New budget authority, $0.
       (B) Outlays, $0.
       Fiscal year 2015:
       (A) New budget authority, $0.
       (B) Outlays, $0.
       Fiscal year 2016:
       (A) New budget authority, $0.
       (B) Outlays, $0.

[[Page S5222]]

       Fiscal year 2017:
       (A) New budget authority, $0.
       (B) Outlays, $0.
       Fiscal year 2018:
       (A) New budget authority, $0.
       (B) Outlays, $0.
       Fiscal year 2019:
       (A) New budget authority, $0.
       (B) Outlays, $0.
       Fiscal year 2020:
       (A) New budget authority, $0.
       (B) Outlays, $0.
       Fiscal year 2021:
       (A) New budget authority, $0.
       (B) Outlays, $0.
       Fiscal year 2022:
       (A) New budget authority, $0.
       (B) Outlays, $0.
       (20) Undistributed Offsetting Receipts (950):
       Fiscal year 2013:
       (A) New budget authority, -$138,200,000,000.
       (B) Outlays, -$138,200,000,000.
       Fiscal year 2014:
       (A) New budget authority, -$152,800,000,000.
       (B) Outlays, -$152,800,000,000.
       Fiscal year 2015:
       (A) New budget authority, -$160,700,000,000.
       (B) Outlays, -$160,700,000,000.
       Fiscal year 2016:
       (A) New budget authority, -$230,400,000,000.
       (B) Outlays, -$230,400,000,000.
       Fiscal year 2017:
       (A) New budget authority, -$204,200,000,000.
       (B) Outlays, -$204,200,000,000.
       Fiscal year 2018:
       (A) New budget authority, -$175,400,000,000.
       (B) Outlays, -$175,400,000,000.
       Fiscal year 2019:
       (A) New budget authority, -$145,800,000,000.
       (B) Outlays, -$145,800,000,000.
       Fiscal year 2020:
       (A) New budget authority, -$119,800,000,000.
       (B) Outlays, -$119,800,000,000.
       Fiscal year 2021:
       (A) New budget authority, -$71,000,000,000.
       (B) Outlays, -$71,000,000,000.
       Fiscal year 2022:
       (A) New budget authority, -$74,000,000,000.
       (B) Outlays, -$74,000,000,000.

                        TITLE II--RESERVE FUNDS

     SEC. 201. DEFICIT-REDUCTION RESERVE FUND FOR THE SALE OF 
                   UNUSED OR VACANT FEDERAL PROPERTIES.

       The Chairman of the Committee on the Budget of the Senate 
     may reduce the allocations of a committee or committees, 
     aggregates, and other appropriate levels and limits in this 
     resolution for 1 or more bills, joint resolutions, 
     amendments, motions, or conference reports that achieve 
     savings by selling any unused or vacant Federal properties. 
     The Chairman may also make adjustments to the Senate's pay-
     as-you-go ledger over 10 years to ensure that the deficit 
     reduction achieved is used for deficit reduction only. The 
     adjustments authorized under this section shall be of the 
     amount of deficit reduction achieved.

     SEC. 202. DEFICIT-REDUCTION RESERVE FUND FOR SELLING EXCESS 
                   FEDERAL LAND.

       The Chairman of the Committee on the Budget of the Senate 
     may reduce the allocations of a committee or committees, 
     aggregates, and other appropriate levels and limits in this 
     resolution for 1 or more bills, joint resolutions, 
     amendments, motions, or conference reports that achieve 
     savings by selling any excess Federal land. The Chairman may 
     also make adjustments to the Senate's pay-as-you-go ledger 
     over 10 years to ensure that the deficit reduction achieved 
     is used for deficit reduction only. The adjustments 
     authorized under this section shall be of the amount of 
     deficit reduction achieved.

     SEC. 203. DEFICIT-REDUCTION RESERVE FUND FOR THE REPEAL OF 
                   DAVIS-BACON PREVAILING WAGE LAWS.

       The Chairman of the Committee on the Budget of the Senate 
     may reduce the allocations of a committee or committees, 
     aggregates, and other appropriate levels and limits in this 
     resolution for 1 or more bills, joint resolutions, 
     amendments, motions, or conference reports from savings 
     achieved by repealing the Davis-Bacon prevailing wage laws. 
     The Chairman may also make adjustments to the Senate's pay-
     as-you-go ledger over 10 years to ensure that the deficit 
     reduction achieved is used for deficit reduction only. The 
     adjustments authorized under this section shall be of the 
     amount of deficit reduction achieved.

     SEC. 204. DEFICIT-REDUCTION RESERVE FUND FOR THE REDUCTION OF 
                   PURCHASING AND MAINTAINING FEDERAL VEHICLES.

       The Chairman of the Committee on the Budget of the Senate 
     may reduce the allocations of a committee or committees, 
     aggregates, and other appropriate levels and limits in this 
     resolution for 1 or more bills, joint resolutions, 
     amendments, motions, or conference reports that achieve 
     savings by reducing the Federal vehicles fleet. The Chairman 
     may also make adjustments to the Senate's pay-as-you-go 
     ledger over 10 years to ensure that the deficit reduction 
     achieved is used for deficit reduction only. The adjustments 
     authorized under this section shall be of the amount of 
     deficit reduction achieved.

     SEC. 205. DEFICIT-REDUCTION RESERVE FUND FOR THE SALE OF 
                   FINANCIAL ASSETS PURCHASED THROUGH THE TROUBLED 
                   ASSET RELIEF PROGRAM.

       The Chairman of the Committee on the Budget of the Senate 
     may reduce the allocations of a committee or committees, 
     aggregates, and other appropriate levels and limits in this 
     resolution for 1 or more bills, joint resolutions, 
     amendments, motions, or conference reports that achieve 
     savings by selling financial instruments and equity 
     accumulated through the Troubled Asset Relief Program. The 
     Chairman may also make adjustments to the Senate's pay-as-
     you-go ledger over 10 years to ensure that the deficit 
     reduction achieved is used for deficit reduction only. The 
     adjustments authorized under this section shall be of the 
     amount of deficit reduction achieved.

     SEC. 206. RESERVE FUND FOR THE REPEAL OF THE 2010 HEALTH CARE 
                   LAWS.

       The Chairman of the Committee on the Budget of the Senate 
     may reduce the allocations of a committee or committees, 
     aggregates, and other appropriate levels and limits in this 
     resolution for 1 or more bills, joint resolutions, 
     amendments, motions, or conference reports that achieve 
     savings by repealing the Patient Protection and Affordable 
     Care Act of 2010. The Chairman may also make adjustments to 
     the Senate's pay-as-you-go ledger over 10 years to ensure 
     that the deficit reduction achieved is used for deficit 
     reduction only. The adjustments authorized under this section 
     shall be of the amount of deficit reduction achieved.

                       TITLE III--BUDGET PROCESS

                     Subtitle A--Budget Enforcement

     SEC. 301. DISCRETIONARY SPENDING LIMITS FOR FISCAL YEARS 2013 
                   THROUGH 2022, PROGRAM INTEGRITY INITIATIVES, 
                   AND OTHER ADJUSTMENTS.

       (a) Senate Point of Order.--
       (1) In general.--Except as otherwise provided in this 
     section, it shall not be in order in the Senate to consider 
     any bill or joint resolution (or amendment, motion, or 
     conference report on that bill or joint resolution) that 
     would cause the discretionary spending limits in this section 
     to be exceeded.
       (2) Supermajority waiver and appeals.--
       (A) Waiver.--This subsection may be waived or suspended in 
     the Senate only by the affirmative vote of two-thirds of the 
     Members, duly chosen and sworn.
       (B) Appeals.--Appeals in the Senate from the decisions of 
     the Chair relating to any provision of this subsection 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. An affirmative vote of two-thirds of the 
     Members of the Senate, duly chosen and sworn, shall be 
     required to sustain an appeal of the ruling of the Chair on a 
     point of order raised under this subsection.
       (b) Senate Discretionary Spending Limits.--In the Senate 
     and as used in this section, the term ``discretionary 
     spending limit'' means--
       (1) for fiscal year 2013, $996,000,000,000 in new budget 
     authority and $1,084,000,000,000 in outlays;
       (2) for fiscal year 2014, $986,000,000,000 in new budget 
     authority and $1,099,000,000,000 in outlays;
       (3) for fiscal year 2015, $1,017,000,000,000 in new budget 
     authority and $1,086,000,000,000 in outlays;
       (4) for fiscal year 2016 $1,062,000,000,000 in new budget 
     authority and $1,112,000,000,000 in outlays;
       (5) for fiscal year 2017, $1,096,000,000,000 in new budget 
     authority and $1,130,000,000,000 in outlays;
       (6) for fiscal year 2018, $1,127,000,000,000 in new budget 
     authority and $1,157,000,000,000 in outlays;
       (7) for fiscal year 2019, $1,166,000,000,000 in new budget 
     authority and $1,186,000,000,000 in outlays;
       (8) for fiscal year 2020, $1,196,000,000,000 in new budget 
     authority and $1,217,000,000,000 in outlays;
       (9) for fiscal year 2021, $1,232,000,000,000 in new budget 
     authority and $1,248,000,000,000 in outlays; and
       (10) for fiscal year 2022, $1,255,000,000,000 in new budget 
     authority and $1,279,000,000,000 in outlays.

     SEC. 302. POINT OF ORDER AGAINST ADVANCE APPROPRIATIONS.

       (a) Point of Order.--It shall not be in order in the Senate 
     to consider any bill, joint resolution, motion, amendment, or 
     conference report that would provide an advance 
     appropriation.
       (b) Definition.--In this section, the term ``advance 
     appropriation'' means any new budget authority provided in a 
     bill or joint resolution making appropriations for fiscal 
     year 2013 that first becomes available for any fiscal year 
     after 2012, or any new budget authority provided in a bill or 
     joint resolution making general appropriations or continuing 
     appropriations for fiscal year 2013, that first becomes 
     available for any fiscal year after 2013.

                      Subtitle B--Other Provisions

     SEC. 311. OVERSIGHT OF GOVERNMENT PERFORMANCE.

       In the Senate, all committees are directed to review 
     programs and tax expenditures within their jurisdiction to 
     identify waste, fraud, abuse, or duplication, and increase 
     the use of performance data to inform committee work. 
     Committees are also directed

[[Page S5223]]

     to review the matters for congressional consideration 
     identified on the High Risk list reports of the Government 
     Accountability Office. Based on these oversight efforts and 
     performance reviews of programs within their jurisdiction, 
     committees are directed to include recommendations for 
     improved governmental performance in their annual views and 
     estimates reports required under section 301(d) of the 
     Congressional Budget Act of 1974 to the Committees on the 
     Budget.

     SEC. 312. APPLICATION AND EFFECT OF CHANGES IN ALLOCATIONS 
                   AND AGGREGATES.

       (a) Application.--Any adjustments of allocations and 
     aggregates made pursuant to this resolution shall--
       (1) apply while that measure is under consideration;
       (2) take effect upon the enactment of that measure; and
       (3) be published in the Congressional Record as soon as 
     practicable.
       (b) Effect of Changed Allocations and Aggregates.--Revised 
     allocations and aggregates resulting from these adjustments 
     shall be considered for the purposes of the Congressional 
     Budget Act of 1974 as allocations and aggregates contained in 
     this resolution.
       (c) Budget Committee Determinations.--For purposes of this 
     resolution the levels of new budget authority, outlays, 
     direct spending, new entitlement authority, revenues, 
     deficits, and surpluses for a fiscal year or period of fiscal 
     years shall be determined on the basis of estimates made by 
     the Committee on the Budget of the Senate.

     SEC. 313. ADJUSTMENTS TO REFLECT CHANGES IN CONCEPTS AND 
                   DEFINITIONS.

       Upon the enactment of a bill or joint resolution providing 
     for a change in concepts or definitions, the Chairman of the 
     Committee on the Budget of the Senate may make adjustments to 
     the levels and allocations in this resolution in accordance 
     with section 251(b) of the Balanced Budget and Emergency 
     Deficit Control Act of 1985 (as in effect prior to September 
     30, 2002).

                        TITLE IV--RECONCILIATION

     SEC. 401. RECONCILIATION IN THE SENATE.

       (a) Submission To Provide for the Reform of Mandatory 
     Spending.--
       (1) In general.--Not later than September 1, 2012, the 
     Senate committees named in paragraph (2) shall submit their 
     recommendations to the Committee on the Budget of the Senate 
     of the United States. After receiving those recommendations 
     from the applicable committees of the Senate, the Committee 
     on the Budget shall report to the Senate a reconciliation 
     bill carrying out all such recommendations without 
     substantive revision.
       (2) Instructions.--
       (A) Committee on commerce, science, and transportation.--
     The Committee on Commerce, Science, and Transportation shall 
     report changes in law within its jurisdiction sufficient to 
     reduce direct spending outlays by $59,000,000,000 for the 
     period of fiscal years 2013 through 2022.
       (B) Committee on agriculture, nutrition, and forestry.--The 
     Committee on Agriculture, Nutrition, and Forestry shall 
     report changes in law within its jurisdiction sufficient to 
     reduce direct spending outlays by $563,000,000,000 for the 
     period of fiscal years 2013 through 2022.
       (C) Committee on health, education, labor, and pensions.--
     The Committee on Health, Education, Labor, and Pensions shall 
     report changes in laws within its jurisdiction sufficient to 
     reduce direct spending outlays by $6,000,000,000 for the 
     period of fiscal years 2013 through 2022.
       (D) Committee on finance.--The Committee on Finance shall 
     report changes in laws within its jurisdiction sufficient to 
     reduce direct spending outlays by $159,000,000,000 for the 
     period of fiscal years 2013 through 2022.
       (b) Submission of Revised Allocations.--Upon the submission 
     to the Committee on the Budget of the Senate of a 
     recommendation that has complied with its reconciliation 
     instructions solely by virtue of section 310(c) of the 
     Congressional Budget Act of 1974, the chairman of that 
     committee may file with the Senate revised allocations under 
     section 302(a) of such Act and revised functional levels and 
     aggregates.

                 TITLE V--CONGRESSIONAL POLICY CHANGES

     SEC. 501. POLICY STATEMENT ON SOCIAL SECURITY.

       It is the policy of this concurrent resolution that 
     Congress and the relevant committees of jurisdiction enact 
     legislation to ensure the Social Security System achieves 
     solvency over the 75-year window as follows:
       (1) The legislation must modify the Primary Insurance 
     Amount formula starting in 2013 to smoothly phase down so 
     that starting with workers born after 1985, it will reach a 
     flat benefit of $1,200 in 2012 dollars indexed between 2012 
     and the year in question by the increase in average wages.
       (2) Effective 2013, reduce benefits on a progressive basis 
     for single beneficiaries with incomes over $55,000 and 
     married couples with incomes over $110,000 so that 
     individuals and married couples who file taxes jointly, with 
     more than $110,000 and $165,000, respectively, in non-Social 
     Security income will receive no benefit.
       (3) From 2013 to 2022, the normal retirement age will rise 
     to 68 for workers born in or after 1959. After 2031, the 
     normal retirement age will be indexed to longevity, adding 
     about 1 month every 2 years according to current projections.
       (4) The normal retirement age will be increased by 4 months 
     per year starting with individuals born in 1954 and stopping 
     when it reaches age 68 for individuals born in or after 1959.
       (5) From 2013 to 2031, the early retirement age rises to 65 
     for workers born in or after 1964. After 2031, the early 
     retirement age will be indexed to longevity, adding about 1 
     month every 2 years according to current projections.
       (6) The early eligibility age will be increased by 3 months 
     per year starting with individuals born in 1953 and stopping 
     when it reaches age 65 for individuals born in or after 1964.

     SEC. 502. POLICY STATEMENT ON MEDICARE.

       It is the policy of this concurrent resolution that 
     Congress and the relevant committees of jurisdiction enact 
     legislation to ensure a reduction in the unfunded liabilities 
     of Medicare as follows:
       (1) In 2017, Medicare is reformed to provide a premium 
     support payment and a selection of guaranteed health coverage 
     options from which recipients can choose a plan that best 
     suits their needs overseen by a separate independent agency.
       (2) Preserves the traditional Medicare fee for service 
     option administered by the Department of Health and Human 
     Services.
       (3) For each region, the base Federal premium support would 
     be initially set at 88 percent of the average of 3 lowest 
     bids.
       (4) Provides for enhanced risk adjustment to ensure 
     continuity in coverage and market stability.
       (5) Raises the age of eligibility gradually over 10 years, 
     increasing from 65 to 68, resulting in a 3.6 month increase 
     per year and subsequently increased or decreased based on 
     longevity.
       (6) The Federal-based premium support amount would be 
     reduced or phased out for upper income seniors and increased 
     for lower income seniors.

     SEC. 503. POLICY STATEMENT ON MEDICAID.

       It is the policy of this concurrent resolution that 
     Congress and the relevant committees of jurisdiction enact 
     legislation to ensure fiscal sustainability at the Federal 
     level while protecting the most vulnerable and promoting 
     beneficiary independence as follows:
       (1) Medicaid is reformed to provide direct Federal premium 
     support for low-income, nondisabled, nonelderly individuals.
       (2) The Federal Government would provide at least $2,000 
     for an individual and at least $3,500 in premium support for 
     a family and up to $9,000 for the lowest income families.
       (3) Current Federal Medicaid funding for acute and long-
     term care services provided to the disabled and elderly (dual 
     eligibles) would be converted into a fixed payment to the 
     States adjusted on a per capita basis for medical inflation.
       (4) States would be permitted to design and manage more 
     appropriate care and service delivery to the disabled and 
     elderly populations remaining in the program.

     SEC. 504. POLICY STATEMENT ON TAX REFORM.

       It is the policy of this concurrent resolution that 
     Congress and the relevant committees of jurisdiction shall 
     enact legislation to ensure the adoption of a new tax system 
     that replaces all existing taxes collected by the Federal 
     Government including but not limited to income, payroll, gift 
     and estate taxes, and excises except those dedicated to 
     specific Trust Funds, with a new flat tax featuring a 
     consumed-income tax base structure that is economically 
     neutral with respect to saving and investment, reduces tax 
     complexity, and provides for a globally competitive single 
     tax rate as follows:
       (1) The new tax will have a single flat tax rate consistent 
     with and sufficient to collect the annual revenue levels 
     specified herein. The individual tax code shall include no 
     deductions, exemptions, exclusions, or credits except as 
     follows:
       (A) A deduction for charitable contributions to 
     institutions qualifying as charitable organizations under 
     current law.
       (B) An elective deduction for home mortgage interest 
     subject to the condition that if and only if the borrow 
     elects the deduction the lender would then owe tax on all 
     resulting income.
       (C) A deduction for higher education tuition and fees.
       (D) A standard deduction for seniors equal to the sum of 
     the flat Social Security benefit amount plus the value of the 
     Medicare defined contributions.
       (E) An exclusion for seniors of up to $10,000 in wage and 
     salary income.
       (F) The current law Earned Income Credit.
       (G) A $3,500 nonrefundable tax credit for families ($2,000 
     for individuals) to purchase health insurance. The new 
     individual tax would tax all income and other proceeds used 
     for consumption and exclude all savings.
       (2) The business tax code shall apply the same rate as the 
     individual tax code, and shall levy tax on total revenue from 
     the domestic sale of goods and services less purchases of 
     goods and services from other firms less wages, salaries, and 
     related employee costs. All credits currently applicable to 
     business income would be repealed except the Alternative 
     Simplified Credit for research and development expenditures.
       (3) Individuals and businesses would be subject to taxation 
     solely on income generated within the United States. A border 
     tax adjustment system would be developed in consultation with 
     the World Trade Organization to neutralize tax differences 
     for goods and services entering and leaving the United States 
     proper.

[[Page S5224]]

       (4) Tax reform shall be enacted with due care through 
     transition provisions to avoid insofar as possible 
     retroactive tax increases or decreases arising from the 
     accrued tax consequences of decisions made under current tax 
     law.

     SEC. 505. POLICY STATEMENT ON GOVERNMENT ASSET SALES.

       (a) Findings.--The Senate finds the following:
       (1) The Federal Government owns and controls vast assets, 
     including huge swaths of commercial land, especially in the 
     West; power generation facilities; valuable portions of the 
     electromagnetic spectrum; underutilized buildings; and 
     financial assets.
       (2) Control of these numerous and varied assets is 1 key 
     expression of a government much too large and intrusive.
       (3) Given the Federal Government's excessive spending, 
     which has driven trillion-dollar-plus deficits for 4 straight 
     years, and generated debt burdens that are stifling present-
     day economic growth and threatening the Nation's future 
     prosperity.
       (4) Divesting itself of these assets would make an 
     important contribution to reducing Government's debt and 
     interest costs.
       (b) Policy on Asset Sales.--It is the policy of this budget 
     resolution that the House and Senate shall each develop a 
     package of asset sales and transfers of government activities 
     to the private sector. These proposals, which are to yield 
     revenues or savings of at least $260,000,000,000 through 
     fiscal year 2028, shall be submitted to the respective 
     chambers for enactment in fiscal year 2013.
       (c) Assumptions Regarding Asset Sales.--The assets in the 
     package must include, though not be limited to, the 
     following:
       (1) Land administered by the Bureau of Land Management and 
     the Department of Agriculture.
       (2) Federal buildings and other real estate.
       (3) Mineral rights.
       (4) Electromagnetic spectrum.
       (5) Facilities administered by the Power Marketing 
     Administrations and by the Tennessee Valley Authority.
       (6) Federal loans and other financial assets.
       (7) Amtrak.
       (d) Assumptions Regarding Transfer of Government 
     Activities.--Transfers of government activities to the 
     private must include, though not be limited to, the 
     following:
       (1) The Neighborhood Reinvestment Corporation.
       (2) The Government Printing Office.
       (3) The Architect of the Capitol.
       (4) The Bureau of Reclamation.

     SEC. 506. POLICY ON REPEALING OBAMACARE.

       (a) Findings.--The Senate finds the following:
       (1) The quality of United States health care, as well as 
     the stability of the nation's economy and the Federal budget, 
     depend on solving the genuine cost and delivery challenges in 
     the health sector.
       (2) But the pervasive government intrusiveness and 
     $1,390,000,000,000 cost of Obamacare are precisely the wrong 
     prescription for problems that have developed grown from 
     faulty government policy, particularly on the part of the 
     Federal Government.
       (3) Obamacare will generate fewer choices, less access, and 
     greater dependence on the Government for health care, while 
     increasing taxes, regulation and mandates on individuals and 
     businesses.
       (4) A majority of Americans continue to oppose this one-
     size-fits-all ``remedy,'' a Government takeover of one sixth 
     of the economy that was rammed through Congress despite a 
     clear lack of consensus.
       (b) Policy on Obamacare.--It is the policy of this budget 
     resolution that Congress should repeal Obamacare and develop 
     a fresh strategy built on a patient-centered, market-based 
     solution.

                      TITLE VI--SENSE OF CONGRESS

     SEC. 601. REGULATORY REFORM.

       It is the policy of this concurrent resolution that 
     Congress and the relevant committees of jurisdiction enact 
     legislation to ensure a regulatory reform as follows:
       (1) Apply regulatory analysis requirements to independent 
     agencies.--It shall be the policy of Congress to pass into 
     law a requirement for independent agencies to abide by the 
     same regulatory analysis requirement as those required by 
     executive branch agencies.
       (2) Adopt the regulations from the executive in need of 
     scrutiny act (reins).--It shall be the policy of Congress to 
     vote on the Regulations From the Executive in Need of 
     Scrutiny Act of 2011, legislation that would require all 
     regulations that impose a burden greater than $100 million in 
     economic aggregate may not be implemented as law unless 
     Congress gives their consent by voting on the rule.
       (3) Sunset all regulations.--It shall be the policy of 
     Congress that regulations imposed by the Federal Government 
     shall automatically sunset every 2 years unless repromulgated 
     by Congress.
       (4) Process reform.--It shall be the policy of Congress to 
     implement regulatory process reform by instituting 
     statutorily required regulatory impact analysis for all 
     agencies, require the publication of regulatory impact 
     analysis before the regulation is finalized, and ensure that 
     not only are regulatory impact analysis conducted, but 
     applied to the issued regulation or rulemaking.
       (5) Incorporation of formal rulemaking for major rules.--It 
     shall be the policy of Congress to apply formal rulemaking 
     procedures to all major regulations or those regulations that 
     exceed $100,000,000 in aggregate economic costs.

     SEC. 602. RESCIND UNSPENT OR UNOBLIGATED BALANCES AFTER 36 
                   MONTHS.

       It is the sense of Congress that--
       (1) any adjustments of allocations and aggregates made 
     pursuant to this resolution shall require that any 
     unobligated or unspent allocations be rescinded after 36 
     months;
       (2) revised allocations and aggregates resulting from these 
     adjustments resulting from the required rescissions shall be 
     considered for the purposes of the Congressional Budget Act 
     of 1974 as allocations and aggregates contained in this 
     resolution; and
       (3) for purposes of this resolution the levels of new 
     budget authority, outlays, direct spending, new entitlement 
     authority, revenues, deficits, and surpluses for a fiscal 
     year or period of fiscal years shall be determined on the 
     basis of estimates made by the Committee on the Budget of the 
     Senate.

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