[Congressional Record Volume 161, Number 51 (Thursday, March 26, 2015)]
[Senate]
[Pages S2071-S2072]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1047. Mr. KAINE (for himself, Mr. King, and Mrs. Murray) submitted 
an amendment intended to be proposed by him to the concurrent 
resolution S. Con. Res. 11, setting forth the congressional budget for 
the United States Government for fiscal year 2016 and setting forth the 
appropriate budgetary levels for fiscal years 2017 through 2025; as 
follows:

       At the end of title III, add the following:

     SEC. 3__. DEFICIT-NEUTRAL RESERVE FUND RELATING TO REVISE OR 
                   REPEAL SEQUESTRATION.

       The Chairman of the Committee on the Budget of the Senate 
     may revise the allocations of a committee or committees, 
     aggregates, and other appropriate levels and limits in this 
     resolution for one or more bills, joint resolutions, 
     amendments, amendments between the Houses, motions, or 
     conference reports that amend section 251(c) of the Balanced 
     Budget and Emergency Deficit Control Act of 1985 or the 
     enforcement procedures under section 251A of that Act to 
     revise or repeal the discretionary spending limits and 
     enforcement procedures established under those sections, 
     relating to providing relief from sequestration and the 
     reduction in discretionary spending limits for fiscal years 
     2016 and 2017, split evenly between both the revised security 
     category and the revised nonsecurity category, and offsetting 
     such relief through targeted changes in mandatory or 
     discretionary spending programs and tax expenditures by the 
     amounts provided in such legislation for those purposes, 
     provided that such legislation would not increase the deficit 
     over the period of the total of fiscal years 2016 through 
     2025. For purposes of determining deficit-neutrality under 
     this section, the Chairman of the Committee on the Budget of 
     the Senate may include the estimated effects of any amendment 
     or amendments to the discretionary spending limits.

       At the appropriate place, insert the following:

     SEC. ___. ADJUSTMENTS FOR SEQUESTRATION REPLACEMENT.

       (a) Mechanism for Implementing Increase in Discretionary 
     Limits.--If a measure becomes law that amends the 
     discretionary spending limits established under section 
     251(c) of the Balanced Budget and Emergency Deficit Control 
     Act of 1985 (2 U.S.C. 901(c)), the adjustments to 
     discretionary spending limits under section 251(b) of that 
     Act (2 U.S.C. 901(b)), or the enforcement procedures 
     established under section 251A of that Act (2 U.S.C. 901a), 
     the Chairman of the Committee on the Budget of the Senate 
     shall adjust the allocation called for in section 302(a) of 
     the Congressional Budget Act of 1974 (2 U.S.C. 633(a)) to the 
     Committee on Appropriations of the Senate, and may adjust all 
     other budgetary aggregates, allocations, levels, and limits 
     contained in this resolution, as necessary, consistent with 
     such measure, up to the amounts specified and reserved in 
     subparagraph (b).
       (b) Amounts Specified and Reserved.--The amounts specified 
     (and to be reserved from the allocation called for in section

[[Page S2072]]

     302(a) allocation of the Congressional Budget Act of 1974 (2 
     U.S.C. 633(a)) to the Committee on Appropriations of the 
     Senate until such time as the conditions specified in 
     subsection (a) are met are--
       (1) for fiscal year 2016--
       (A) for the revised security category, $37,000,000,000 in 
     budget authority (and the outlays flowing therefrom); and
       (B) for the revised nonsecurity category, $37,000,000,000 
     in budget authority (and the outlays flowing therefrom); and
       (2) for fiscal year 2017--
       (A) for the revised security category, $37,000,000,000 in 
     budget authority (and the outlays flowing therefrom); and
       (B) for the revised nonsecurity category, $37,000,000,000 
     in budget authority (and the outlays flowing therefrom).
                                 ______