[Congressional Record Volume 163, Number 169 (Thursday, October 19, 2017)]
[Senate]
[Pages S6692-S6695]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1551. Mr. ENZI submitted an amendment intended to be proposed to 
amendment SA 1116 proposed by Mr. Enzi to the concurrent resolution H. 
Con. Res. 71, establishing the congressional budget for the United 
States Government for fiscal year 2018 and setting forth the 
appropriate budgetary levels for fiscal years 2019 through 2027; which 
was ordered to lie on the table; as follows:

       At the end, add the following:

        TITLE V--BUDGET PROCESS IN THE HOUSE OF REPRESENTATIVES

                     Subtitle A--Budget Enforcement

     SEC. 5101. POINT OF ORDER AGAINST INCREASING LONG-TERM DIRECT 
                   SPENDING.

       (a) Point of Order.--It shall not be in order in the House 
     of Representatives to consider any bill or joint resolution, 
     or amendment thereto or conference report thereon, that would 
     cause a net increase in direct spending in excess of 
     $2,500,000,000 in any of the 4 consecutive 10-fiscal year 
     periods described in subsection (b).
       (b) Congressional Budget Office Analysis of Proposals.--The 
     Director of the Congressional Budget Office shall, to the 
     extent practicable, prepare an estimate of whether a bill or 
     joint resolution reported by a committee (other than the 
     Committee on Appropriations), or amendment thereto or 
     conference report thereon, would cause, relative to current 
     law, a net increase in direct spending in the House of 
     Representatives, in excess of $2,500,000,000 in any of the 4 
     consecutive 10-fiscal year periods beginning after the last 
     fiscal year of this concurrent resolution.
       (c) Limitation.--In the House of Representatives, the 
     provisions of this section shall not apply to any bills or 
     joint resolutions, or amendments thereto or conference 
     reports thereon, for which the chair of the Committee on the 
     Budget has made adjustments to the allocations, aggregates, 
     or other budgetary levels in this concurrent resolution.
       (d) Determinations of Budget Levels.--For purposes of this 
     section, the levels of net increases in direct spending shall 
     be determined on the basis of estimates provided by the chair 
     of the Committee on the Budget of the House of 
     Representatives.
       (e) Sunset.--This section shall have no force or effect 
     after September 30, 2018.

     SEC. 5102. ALLOCATION FOR OVERSEAS CONTINGENCY OPERATIONS/
                   GLOBAL WAR ON TERRORISM.

       (a) Separate Allocation for Overseas Contingency 
     Operations/Global War on Terrorism.--In the House of 
     Representatives, there shall be a separate allocation of new 
     budget authority and outlays provided to the Committee on 
     Appropriations for the purposes of Overseas Contingency 
     Operations/Global War on Terrorism, which shall be deemed to 
     be an allocation under section 302(a) of the Congressional 
     Budget Act of 1974. Section 302(a)(3) of such Act shall not 
     apply to such separate allocation.
       (b) Section 302 Allocations.--The separate allocation 
     referred to in subsection (a) shall be the exclusive 
     allocation for Overseas Contingency Operations/Global War on 
     Terrorism under section 302(b) of the Congressional Budget 
     Act of 1974. The Committee on Appropriations of the House of 
     Representatives may provide suballocations of such separate 
     allocation under such section 302(b).
       (c) Application.--For purposes of enforcing the separate 
     allocation referred to in subsection (a) under section 302(f) 
     of the Congressional Budget Act of 1974, the ``first fiscal 
     year'' and the ``total of fiscal years'' shall be deemed to 
     refer to fiscal year 2018. Section 302(c) of such Act shall 
     not apply to such separate allocation.
       (d) Designations.--New budget authority or outlays shall 
     only be counted toward the allocation referred to in 
     subsection (a) if designated pursuant to section 
     251(b)(2)(A)(ii) of the Balanced Budget and Emergency Deficit 
     Control Act of 1985.
       (e) Adjustments.--For purposes of subsection (a) for fiscal 
     year 2018, no adjustment shall be made under section 314(a) 
     of the Congressional Budget Act of 1974 if any adjustment 
     would be made under section 251(b)(2)(A)(ii) of the Balanced 
     Budget and Emergency Deficit Control Act of 1985.

     SEC. 5103. LIMITATION ON CHANGES IN CERTAIN MANDATORY 
                   PROGRAMS.

       (a) Definition.--In this section, the term ``change in 
     mandatory programs'' means a provision that--
       (1) would have been estimated as affecting direct spending 
     or receipts under section 252 of the Balanced Budget and 
     Emergency Deficit Control Act of 1985 (as in effect prior to 
     September 30, 2002) if the provision were included in 
     legislation other than appropriation Acts; and
       (2) results in a net decrease in budget authority in the 
     budget year, but does not result in a net decrease in outlays 
     over the total of the current year, the budget year, and all 
     fiscal years covered under the most recently agreed to 
     concurrent resolution on the budget.
       (b) Point of Order in the House of Representatives.--
       (1) In general.--A provision in a bill or joint resolution 
     making appropriations for a full fiscal year that proposes a 
     change in mandatory programs that, if enacted, would cause 
     the absolute value of the total budget authority of all such 
     changes in mandatory programs enacted in relation to a full 
     fiscal year to be more than the amount specified in paragraph 
     (3), shall not be in order in the House of Representatives.
       (2) Amendments and conference reports.--It shall not be in 
     order in the House of Representatives to consider an 
     amendment to, or a conference report on, a bill or joint 
     resolution making appropriations for a full fiscal year if 
     such amendment thereto or conference report thereon proposes 
     a change in mandatory programs that, if enacted, would cause 
     the absolute value of the total budget authority of all such 
     changes in mandatory programs enacted in relation to a full 
     fiscal year to be more than the amount specified in paragraph 
     (3).
       (3) Amount.--The amount specified in this paragraph is--
       (A) for fiscal year 2018, $19,100,000,000;
       (B) for fiscal year 2019, $17,000,000,000; and
       (C) for fiscal year 2020, $15,000,000,000.
       (c) Determination.--For purposes of this section, budgetary 
     levels shall be determined on the basis of estimates provided 
     by the chair of the Committee on the Budget of the House of 
     Representatives.

     SEC. 5104. LIMITATION ON ADVANCE APPROPRIATIONS.

       (a) In General.--In the House of Representatives, except as 
     provided for in subsection (b), any general appropriation 
     bill or bill or joint resolution continuing appropriations, 
     or amendment thereto or conference report thereon, may not 
     provide advance appropriations.
       (b) Exceptions.--An advance appropriation may be provided 
     for programs, projects, activities, or accounts identified in 
     the report or the joint explanatory statement of managers, as 
     applicable, accompanying this concurrent resolution under the 
     following headings:
       (1) General.--``Accounts Identified for Advance 
     Appropriations''.
       (2) Veterans.--``Veterans Accounts Identified for Advance 
     Appropriations''.
       (c) Limitations.--The aggregate level of advance 
     appropriations shall not exceed the following:
       (1) General.--$28,852,000,000 in new budget authority for 
     all programs identified pursuant to subsection (b)(1).
       (2) Veterans.--$70,699,313,000 in new budget authority for 
     programs in the Department of Veterans Affairs identified 
     pursuant to subsection (b)(2).
       (d) Definition.--In this section, the term ``advance 
     appropriation'' means any new discretionary budget authority 
     provided in a general appropriation bill or joint resolution

[[Page S6693]]

     continuing appropriations for fiscal year 2018, or any 
     amendment thereto or conference report thereon, that first 
     becomes available for the first fiscal year following fiscal 
     year 2018.

     SEC. 5105. ESTIMATES OF DEBT SERVICE COSTS.

       In the House of Representatives, the chair of the Committee 
     on the Budget may direct the Congressional Budget Office to 
     include, in any estimate prepared under section 402 of the 
     Congressional Budget Act of 1974 with respect to any bill or 
     joint resolution, an estimate of any change in debt service 
     costs resulting from carrying out such bill or resolution. 
     Any estimate of debt service costs provided under this 
     section shall be advisory and shall not be used for purposes 
     of enforcement of such Act, the Rules of the House of 
     Representatives, or this concurrent resolution. This section 
     shall not apply to authorizations of programs funded by 
     discretionary spending or to appropriation bills or joint 
     resolutions, but shall apply to changes in the authorization 
     level of appropriated entitlements.

     SEC. 5106. FAIR-VALUE CREDIT ESTIMATES.

       (a) All Credit Programs.--Whenever the Director of the 
     Congressional Budget Office provides an estimate of any 
     measure that establishes or modifies any program providing 
     loans or loan guarantees, the Director shall also, to the 
     extent practicable, provide a fair-value estimate of such 
     loan or loan guarantee program if requested by the chair of 
     the Committee on the Budget of the House of Representatives.
       (b) Student Financial Assistance and Housing Programs.--The 
     Director of the Congressional Budget Office shall provide, to 
     the extent practicable, a fair-value estimate as part of any 
     estimate for any measure that establishes or modifies a loan 
     or loan guarantee program for student financial assistance or 
     housing (including residential mortgage).
       (c) Baseline Estimates.--The Congressional Budget Office 
     shall include estimates, on a fair-value and credit reform 
     basis, of loan and loan guarantee programs for student 
     financial assistance, housing (including residential 
     mortgage), and such other major loan and loan guarantee 
     programs, as practicable, in its The Budget and Economic 
     Outlook: 2018 to 2027.
       (d) Enforcement in the House of Representatives.--If the 
     Director of the Congressional Budget Office provides an 
     estimate pursuant to subsection (a) or (b), the chair of the 
     Committee on the Budget of the House of Representatives may 
     use such estimate to determine compliance with the 
     Congressional Budget Act of 1974 and other budget enforcement 
     requirements.

     SEC. 5107. ESTIMATES OF MACROECONOMIC EFFECTS OF MAJOR 
                   LEGISLATION.

       (a) CBO and JCT Estimates.--During the 115th Congress, any 
     estimate of major legislation considered in the House of 
     Representatives provided by the Congressional Budget Office 
     under section 402 of the Congressional Budget Act of 1974 or 
     by the Joint Committee on Taxation to the Congressional 
     Budget Office under section 201(f) of such Act shall, to the 
     extent practicable, incorporate the budgetary effects of 
     changes in economic output, employment, capital stock, and 
     other macroeconomic variables resulting from such major 
     legislation.
       (b) Contents.--Any estimate referred to in subsection (a) 
     shall, to the extent practicable, include--
       (1) a qualitative assessment of the budgetary effects 
     (including macroeconomic variables described in subsection 
     (a)) of the major legislation in the 20-fiscal year period 
     beginning after the last fiscal year of the most recently 
     agreed to concurrent resolution on the budget that sets forth 
     budgetary levels required under section 301 of the 
     Congressional Budget Act of 1974; and
       (2) an identification of the critical assumptions and the 
     source of data underlying that estimate.
       (c) Definitions.--In this section:
       (1) Major legislation.--The term ``major legislation'' 
     means a bill or joint resolution, or amendment thereto or 
     conference report thereon--
       (A) for which an estimate is required to be prepared 
     pursuant to section 402 of the Congressional Budget Act of 
     1974 (2 U.S.C. 653) and that causes a gross budgetary effect 
     (before incorporating macroeconomic effects and not including 
     timing shifts) in a fiscal year in the period of years of the 
     most recently agreed to concurrent resolution on the budget 
     equal to or greater than 0.25 percent of the current 
     projected gross domestic product of the United States for 
     that fiscal year; or
       (B) designated as such by--
       (i) the chair of the Committee on the Budget of the House 
     of Representatives for all direct spending legislation; or
       (ii) the Member who is Chairman or Vice Chairman of the 
     Joint Committee on Taxation for revenue legislation.
       (2) Budgetary effects.--The term ``budgetary effects'' 
     means changes in revenues, direct spending outlays, and 
     deficits.
       (3) Timing shifts.--The term ``timing shifts'' means--
       (A) provisions that cause a delay of the date on which 
     outlays flowing from direct spending would otherwise occur 
     from one fiscal year to the next fiscal year; or
       (B) provisions that cause an acceleration of the date on 
     which revenues would otherwise occur from one fiscal year to 
     the prior fiscal year.

     SEC. 5108. ADJUSTMENTS FOR IMPROVED CONTROL OF BUDGETARY 
                   RESOURCES.

       (a) Adjustments of Discretionary and Direct Spending 
     Levels.--In the House of Representatives, if a committee 
     (other than the Committee on Appropriations) reports a bill 
     or joint resolution, or an amendment thereto is offered or 
     conference report thereon is submitted, providing for a 
     decrease in direct spending (budget authority and outlays 
     flowing therefrom) for any fiscal year and also provides for 
     an authorization of appropriations for the same purpose, upon 
     the enactment of such measure, the chair of the Committee on 
     the Budget may decrease the allocation to the applicable 
     authorizing committee that reports such measure and increase 
     the allocation of discretionary spending (budget authority 
     and outlays flowing therefrom) to the Committee on 
     Appropriations for fiscal year 2018 by an amount equal to the 
     new budget authority (and outlays flowing therefrom) provided 
     for in a bill or joint resolution making appropriations for 
     the same purpose.
       (b) Determinations.--In the House of Representatives, for 
     purposes of enforcing this concurrent resolution, the 
     allocations and aggregate levels of new budget authority, 
     outlays, direct spending, revenues, deficits, and surpluses 
     for fiscal year 2018 and the total of fiscal years 2018 
     through 2027 shall be determined on the basis of estimates 
     made by the chair of the Committee on the Budget and such 
     chair may adjust the applicable levels in this concurrent 
     resolution.

     SEC. 5109. SCORING RULE FOR ENERGY SAVINGS PERFORMANCE 
                   CONTRACTS.

       (a) In General.--The Director of the Congressional Budget 
     Office shall estimate provisions of any bill or joint 
     resolution, or amendment thereto or conference report 
     thereon, that provides the authority to enter into or modify 
     any covered energy savings contract on a net present value 
     basis (NPV).
       (b) NPV Calculations.--The net present value of any covered 
     energy savings contract shall be calculated as follows:
       (1) The discount rate shall reflect market risk.
       (2) The cash flows shall include, whether classified as 
     mandatory or discretionary, payments to contractors under the 
     terms of their contracts, payments to contractors for other 
     services, and direct savings in energy and energy-related 
     costs.
       (3) The stream of payments shall cover the period covered 
     by the contracts but not to exceed 25 years.
       (c) Definition.--As used in this section, the term 
     ``covered energy savings contract'' means--
       (1) an energy savings performance contract authorized under 
     section 801 of the National Energy Conservation Policy Act; 
     or
       (2) a utility energy service contract, as described in the 
     Office of Management and Budget Memorandum on Federal Use of 
     Energy Savings Performance Contracting, dated July 25, 1998 
     (M-98-13), and the Office of Management and Budget Memorandum 
     on the Federal Use of Energy Saving Performance Contracts and 
     Utility Energy Service Contracts, dated September 28, 2015 
     (M-12-21), or any successor to either memorandum.
       (d) Enforcement in the House of Representatives.--In the 
     House of Representatives, if any net present value of any 
     covered energy savings contract calculated under subsection 
     (b) results in a net savings, then the budgetary effects of 
     such contract shall not be counted for purposes of titles III 
     and IV of the Congressional Budget Act of 1974, this 
     concurrent resolution, or clause 10 of rule XXI of the Rules 
     of the House of Representatives.
       (e) Classification of Spending.--For purposes of budget 
     enforcement, the estimated net present value of the budget 
     authority provided by the measure, and outlays flowing 
     therefrom, shall be classified as direct spending.
       (f) Sense of the House of Representatives.--It is the sense 
     of the House of Representatives that--
       (1) the Director of the Office of Management and Budget, in 
     consultation with the Director of the Congressional Budget 
     Office, should separately identify the cash flows under 
     subsection (b)(2) and include such information in the 
     President's annual budget submission under section 1105(a) of 
     title 31, United States Code; and
       (2) the scoring method used in this section should not be 
     used to score any contracts other than covered energy savings 
     contracts.

     SEC. 5110. LIMITATION ON TRANSFERS FROM THE GENERAL FUND OF 
                   THE TREASURY TO THE HIGHWAY TRUST FUND.

       In the House of Representatives, for purposes of the 
     Congressional Budget Act of 1974, the Balanced Budget and 
     Emergency Deficit Control Act of 1985, and the rules or 
     orders of the House of Representatives, a bill or joint 
     resolution, or an amendment thereto or conference report 
     thereon, that transfers funds from the general fund of the 
     Treasury to the Highway Trust Fund shall be counted as new 
     budget authority and outlays equal to the amount of the 
     transfer in the fiscal year the transfer occurs.

     SEC. 5111. PROHIBITION ON USE OF FEDERAL RESERVE SURPLUSES AS 
                   AN OFFSET.

       In the House of Representatives, any provision of a bill or 
     joint resolution, or amendment thereto or conference report 
     thereon, that transfers any portion of the net surplus of the 
     Federal Reserve System to the general fund of the Treasury 
     shall not be counted for purposes of enforcing the 
     Congressional Budget Act of 1974, this concurrent resolution, 
     or clause 10 of rule XXI of the Rules of the House of 
     Representatives.

[[Page S6694]]

  


     SEC. 5112. PROHIBITION ON USE OF GUARANTEE FEES AS AN OFFSET.

       In the House of Representatives, any provision of a bill or 
     joint resolution, or amendment thereto or conference report 
     thereon, that increases, or extends the increase of, any 
     guarantee fees of the Federal National Mortgage Association 
     (Fannie Mae) or the Federal Home Loan Mortgage Corporation 
     (Freddie Mac) shall not be counted for purposes of enforcing 
     the Congressional Budget Act of 1974, this concurrent 
     resolution, or clause 10 of rule XXI of the Rules of the 
     House of Representatives.

     SEC. 5113. MODIFICATION OF RECONCILIATION IN THE HOUSE OF 
                   REPRESENTATIVES.

       (a) In General.--Section 2002 shall have no force or 
     effect.
       (b) Reconciliation in the House of Representatives.--Not 
     later than November 13, 2017, the Committee on Ways and Means 
     of the House of Representatives shall report to the House of 
     Representatives changes in laws within its jurisdiction that 
     increase the deficit by not more than $1,500,000,000,000 for 
     the period of fiscal years 2018 through 2027.

                      Subtitle B--Other Provisions

     SEC. 5201. BUDGETARY TREATMENT OF ADMINISTRATIVE EXPENSES.

       (a) In General.--In the House of Representatives, 
     notwithstanding section 302(a)(1) of the Congressional Budget 
     Act of 1974, section 13301 of the Budget Enforcement Act of 
     1990, and section 2009a of title 39, United States Code, the 
     report or the joint explanatory statement, as applicable, 
     accompanying this concurrent resolution shall include in its 
     allocation to the Committee on Appropriations under section 
     302(a) of the Congressional Budget Act of 1974 amounts for 
     the discretionary administrative expenses of the Social 
     Security Administration and the United States Postal Service.
       (b) Special Rule.--In the House of Representatives, for 
     purposes of enforcing section 302(f) of the Congressional 
     Budget Act of 1974, estimates of the levels of total new 
     budget authority and total outlays provided by a measure 
     shall include any discretionary amounts described in 
     subsection (a).

     SEC. 5202. APPLICATION AND EFFECT OF CHANGES IN ALLOCATIONS 
                   AND AGGREGATES.

       (a) Application.--In the House of Representatives, any 
     adjustments of the allocations, aggregates, and other 
     budgetary levels made pursuant to this concurrent 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 the allocations and aggregates 
     contained in this concurrent resolution.
       (c) Budget Committee Determinations.--For purposes of this 
     concurrent resolution, the budgetary levels for a fiscal year 
     or period of fiscal years shall be determined on the basis of 
     estimates made by the chair of the Committee on the Budget of 
     the House of Representatives.
       (d) Aggregates, Allocations and Application.--In the House 
     of Representatives, for purposes of this concurrent 
     resolution and budget enforcement, the consideration of any 
     bill or joint resolution, or amendment thereto or conference 
     report thereon, for which the chair of the Committee on the 
     Budget makes adjustments or revisions in the allocations, 
     aggregates, and other budgetary levels of this concurrent 
     resolution shall not be subject to the points of order set 
     forth in clause 10 of rule XXI of the Rules of the House of 
     Representatives or section 5101 of this concurrent 
     resolution.
       (e) Other Adjustments.--The chair of the Committee on the 
     Budget of the House of Representatives may adjust other 
     appropriate levels in this concurrent resolution depending on 
     congressional action on pending reconciliation legislation.

     SEC. 5203. ADJUSTMENTS TO REFLECT CHANGES IN CONCEPTS AND 
                   DEFINITIONS.

       In the House of Representatives, the chair of the Committee 
     on the Budget may adjust the appropriate aggregates, 
     allocations, and other budgetary levels in this concurrent 
     resolution for any change in budgetary concepts and 
     definitions consistent with section 251(b)(1) of the Balanced 
     Budget and Emergency Deficit Control Act of 1985.

     SEC. 5204. ADJUSTMENT FOR CHANGES IN THE BASELINE.

       In the House of Representatives, the chair of the Committee 
     on the Budget may adjust the allocations, aggregates, 
     reconciliation targets, and other appropriate budgetary 
     levels in this concurrent resolution to reflect changes 
     resulting from the Congressional Budget Office's update to 
     its baseline for fiscal years 2018 through 2027.

     SEC. 5205. APPLICATION OF RULE REGARDING LIMITS ON 
                   DISCRETIONARY SPENDING.

       Section 314(f) of the Congressional Budget Act of 1974 
     shall not apply in the House of Representatives to any bill, 
     joint resolution, or amendment that provides new budget 
     authority for a fiscal year or to any conference report on 
     any such bill or resolution if--
       (1) the enactment of that bill or resolution;
       (2) the adoption and enactment of that amendment; or
       (3) the enactment of that bill or resolution in the form 
     recommended in that conference report,
     would not cause the 302(a) allocation to the Committee on 
     Appropriations for fiscal year 2018 to be exceeded.

     SEC. 5206. ENFORCEMENT FILING IN THE HOUSE.

       In the House of Representatives, if a concurrent resolution 
     on the budget for fiscal year 2018 is adopted without the 
     appointment of a committee of conference on the disagreeing 
     votes of the two Houses with respect to this concurrent 
     resolution on the budget, for the purpose of enforcing the 
     Congressional Budget Act of 1974 and applicable rules and 
     requirements set forth in the concurrent resolution on the 
     budget, the allocations and list provided for in this section 
     shall apply in the House of Representatives in the same 
     manner as if such allocations and list were in a joint 
     explanatory statement accompanying a conference report on the 
     budget for fiscal year 2018. The chair of the Committee on 
     the Budget of the House of Representatives shall submit a 
     statement for publication in the Congressional Record 
     containing--
       (1) for the Committee on Appropriations, committee 
     allocations for fiscal year 2018 consistent with title I for 
     the purpose of enforcing section 302 of the Congressional 
     Budget Act of 1974 (2 U.S.C. 633);
       (2) for all committees other than the Committee on 
     Appropriations, committee allocations consistent with title I 
     for fiscal year 2018 and for the period of fiscal years 2018 
     through 2027 for the purpose of enforcing 302 of the 
     Congressional Budget Act of 1974 (2 U.S.C. 633); and
       (3) a list of programs, projects, activities, or accounts 
     identified for advance appropriations for the purpose of 
     enforcing section 5104 of this concurrent resolution.

     SEC. 5207. EXERCISE OF RULEMAKING POWERS.

       The House of Representatives adopts the provisions of this 
     title and section 2002--
       (1) as an exercise of the rulemaking power of the House of 
     Representatives, and as such they shall be considered as part 
     of the rules of the House of Representatives, and such rules 
     shall supersede other rules only to the extent that they are 
     inconsistent with such other rules; and
       (2) with full recognition of the constitutional right of 
     the House of Representatives to change those rules at any 
     time, in the same manner, and to the same extent as is the 
     case of any other rule of the House of Representatives.

                    Subtitle C--Adjustment Authority

     SEC. 5301. ADJUSTMENT AUTHORITY FOR AMENDMENTS TO STATUTORY 
                   CAPS.

       During the 115th Congress, 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)), such as a measure 
     increasing the limit for the revised security category for 
     fiscal year 2018 to be $640,000,000,000, the chair of the 
     Committee on the Budget of the House of Representatives may 
     adjust the allocation called for under section 302(a) of the 
     Congressional Budget Act of 1974 (2 U.S.C. 633(a)) to the 
     appropriate committee or committees of the House of 
     Representatives, and may adjust all other budgetary 
     aggregates, allocations, levels, and limits contained in this 
     resolution, as necessary, consistent with such measure.

                       Subtitle D--Reserve Funds

     SEC. 5401. RESERVE FUND FOR COMMERCIALIZATION OF AIR TRAFFIC 
                   CONTROL.

       (a) In General.--In the House of Representatives, the chair 
     of the Committee on the Budget may adjust, at a time the 
     chair deems appropriate, the section 302(a) allocation to the 
     Committee on Transportation and Infrastructure and other 
     applicable committees of the House of Representatives, 
     aggregates, and other appropriate levels established in this 
     concurrent resolution for a bill or joint resolution, or 
     amendment thereto or conference report thereon, that 
     commercializes the operations of the air traffic control 
     system if such measure reduces the discretionary spending 
     limits in section 251(c) of the Balanced Budget and Emergency 
     Deficit Control Act of 1985 by the amount that would 
     otherwise be appropriated to the Federal Aviation 
     Administration for air traffic control. Adjustments to the 
     section 302(a) allocation to the Committee on Appropriations, 
     consistent with the adjustments to the discretionary spending 
     limits under such section 251(c), shall only be made upon 
     enactment of such measure.
       (b) Definition.--For purposes of this section, a measure 
     that commercializes the operations of the air traffic control 
     system shall be a measure that establishes a Federally-
     chartered, not-for-profit corporation that--
       (1) is authorized to provide air traffic control services 
     within the United States airspace;
       (2) sets user fees to finance its operations;
       (3) may borrow from private capital markets to finance 
     improvements;
       (4) is governed by a board of directors composed of a CEO 
     and directors whose fiduciary duty is to the entity; and
       (5) becomes the employer of those employees directly 
     connected to providing air traffic control services and who 
     the Secretary transfers from the Federal Government.

     SEC. 5402. RESERVE FUND FOR INVESTMENTS IN NATIONAL 
                   INFRASTRUCTURE.

       In the House of Representatives, the chair of the Committee 
     on the Budget may adjust

[[Page S6695]]

     the allocations, aggregates, and other appropriate levels in 
     this concurrent resolution for any bill or joint resolution, 
     or amendment thereto or conference report thereon, that 
     invests in national infrastructure to the extent that such 
     measure is deficit neutral for the total of fiscal years 2018 
     through 2027.

     SEC. 5403. RESERVE FUND FOR COMPREHENSIVE TAX REFORM.

       In the House of Representatives, if the Committee on Ways 
     and Means reports a bill or joint resolution that provides 
     for comprehensive tax reform, the chair of the Committee on 
     the Budget may adjust the allocations, aggregates, and other 
     appropriate budgetary levels in this concurrent resolution 
     for the budgetary effects of any such bill or joint 
     resolution, or amendment thereto or conference report 
     thereon, if such measure would not increase the deficit for 
     the total of fiscal years 2018 through 2027.

     SEC. 5404. RESERVE FUND FOR THE STATE CHILDREN'S HEALTH 
                   INSURANCE PROGRAM.

       In the House of Representatives, the chair of the Committee 
     on the Budget may adjust the allocations, budget aggregates 
     and other appropriate levels in this concurrent resolution 
     for the budgetary effects of any bill or joint resolution, or 
     amendment thereto or conference report thereon, that extends 
     the State Children's Health Insurance Program allotments, if 
     such measure would not increase the deficit for the total of 
     fiscal years 2018 through 2027.

     SEC. 5405. RESERVE FUND FOR THE REPEAL OR REPLACEMENT OF 
                   PRESIDENT OBAMA'S HEALTH CARE LAWS.

       In the House of Representatives, the chair of the Committee 
     on the Budget may revise the allocations, aggregates, and 
     other appropriate budgetary levels in this concurrent 
     resolution for the budgetary effects of any bill or joint 
     resolution, or amendment thereto or conference report 
     thereon, that repeals or replaces any provision of the 
     Patient Protection and Affordable Care Act or title I or 
     subtitle B of title II of the Health Care and Education 
     Reconciliation Act of 2010 by the amount of budget authority 
     and outlays flowing therefrom provided by such measure for 
     such purpose.
                                 ______