[Congressional Record Volume 165, Number 129 (Tuesday, July 30, 2019)]
[Senate]
[Pages S5202-S5203]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                           TEXT OF AMENDMENTS

  SA 931. Mr. ROMNEY submitted an amendment intended to be proposed by 
him to the bill H.R. 3877, to amend the Balanced Budget and Emergency 
Deficit Control Act of 1985, to establish a congressional budget for 
fiscal years 2020 and 2021, to temporarily suspend the debt limit, and 
for other purposes; which was ordered to lie on the table; as follows:

       At the appropriate place, insert the following:

     SEC. ___. REQUIREMENT TO ENACT OFFSETTING SAVINGS.

       (a) Determination of Whether Budget Deal Was Offset.--On 
     January 1, 2020, the Director shall determine the difference 
     obtained by subtracting--
       (1) the projected amount of the reduction in outlays for 
     direct spending for the period of the total of fiscal years 
     2020 through 2029 under laws enacted during the period--
       (A) beginning on the day after the date of enactment of 
     this Act; and
       (B) ending on December 31, 2019; from
       (2) $320,000,000,000.
       (b) Sequestration.--
       (1) In general.--If the difference determined under 
     subsection (a) is a positive number, the Director shall 
     calculate and the President shall order a sequestration for 
     each of fiscal years 2020 through 2029 in accordance with 
     this subsection.
       (2) Calculation.--The Director shall calculate the amount 
     of the reduction in direct spending required under this 
     subsection for a fiscal year by dividing the difference 
     determined under subsection (a) by 10.
       (3) Orders.--
       (A) In general.--For each of fiscal years 2020 through 
     2029, on the date specified in subparagraph (B), the Director 
     shall calculate and the President shall order a 
     sequestration, effective upon issuance, that reduces all 
     nonexempt direct spending by the uniform percentage necessary 
     to reduce the total amount of nonexempt direct spending for 
     such fiscal year by the amount calculated under paragraph 
     (2).
       (B) Date.--The date specified in this subparagraph is--
       (i) with respect to fiscal year 2020, as soon as is 
     practicable after December 31, 2019; and
       (ii) with respect to each of fiscal years 2021 through 
     2029, the date on which the Director issues the sequestration 
     preview report for such fiscal year pursuant to section 
     254(c) of the Balanced Budget and Emergency Deficit Control 
     Act of 1985 (2 U.S.C. 904(c)).
       (4) Implementation.--When implementing a sequestration 
     under this subsection, the Director shall follow the 
     procedures specified in section 6 of the Statutory Pay-As-
     You-Go Act of 2010 (2 U.S.C. 935), the exemptions specified 
     in section 255 of the Balanced Budget and Emergency Deficit 
     Control Act of 1985 (2 U.S.C. 905), and the special rules 
     specified in section 256 of the Balanced Budget and Emergency 
     Deficit Control Act of 1985 (2 U.S.C. 906).
       (c) Definitions.--In this section--
       (1) the terms ``direct spending'' and ``sequestration'' 
     have the meanings given such terms in section 250(c) of the 
     Balanced Budget and Emergency Deficit Control Act of 1985 (2 
     U.S.C. 900(c));
       (2) the term ``Director'' means the Director of the Office 
     of Management and Budget; and
       (3) the term ``outlays'' has the meaning given that term in 
     section 3 of the Congressional Budget and Impoundment Control 
     Act of 1974 (2 U.S.C. 622).
                                 ______
                                 
  SA 932. Mr. PAUL submitted an amendment intended to be proposed by 
him to the bill H.R. 3877, to amend the Balanced Budget and Emergency 
Deficit Control Act of 1985, to establish a congressional budget for 
fiscal years 2020 and 2021, to temporarily suspend the debt limit, and 
for other purposes; which was ordered to lie on the table; as follows:


[[Page S5203]]


  

       Strike all after the enacting clause and insert the 
     following:

     SECTION 1. SHORT TITLE.

       This Act may be cited as the ``Cut, Cap, and Balance Act of 
     2019''.

     SEC. 2. DEBT LIMIT INCREASE.

       (a) In General.--Effective on the date described in 
     subsection (b), the limitation in effect under section 
     3101(b) of title 31, United States Code, shall be increased 
     by $500,000,000,000.
       (b) Effective Date.--The date described in this subsection 
     is the earliest of the date on which the Archivist of the 
     United States transmits to the States S. J. Res. 3 (116th 
     Congress) in the form introduced on January 4, 2019, S. J. 
     Res. 5 (116th Congress) in the form introduced on January 24, 
     2019, a balanced budget amendment to the Constitution of the 
     United States, or a similar amendment to the Constitution of 
     the United States if the amendment requires that total 
     outlays not exceed total receipts, contains a spending 
     limitation as a percentage of the gross domestic product, and 
     requires that tax increases be approved by a two-thirds vote 
     in both Houses of Congress for their ratification.

     SEC. 3. LIMIT FOR ON-BUDGET SPENDING.

       (a) Point of Order.--
       (1) In general.--It shall not be in order in the Senate or 
     the House of Representatives to consider any bill, joint 
     resolution, motion, amendment, amendment between the Houses, 
     or conference report that would cause the total amount of on-
     budget spending for any of fiscal years 2020 through 2029 to 
     exceed the amount specified in paragraph (2) with respect to 
     such fiscal year.
       (2) Caps.--The amount specified in this paragraph is the 
     following:
       (A) With respect to fiscal year 2020, $3,435,880,000,000.
       (B) With respect to fiscal year 2021, $3,367,160,000,000.
       (C) With respect to fiscal year 2022, $3,299,820,000,000.
       (D) With respect to fiscal year 2023, $3,233,820,000,000.
       (E) With respect to fiscal year 2024, $3,169,150,000,000.
       (F) With respect to fiscal year 2025, $3,232,530,000,000.
       (G) With respect to fiscal year 2026, $3,297,180,000,000.
       (H) With respect to fiscal year 2027, $3,363,120,000,000.
       (I) With respect to fiscal year 2028, $3,430,390,000,000.
       (J) With respect to fiscal year 2029, $3,498,990,000,000.
       (b) Waiver and Appeal.--
       (1) Senate.--Subsection (a) may be waived or suspended in 
     the Senate only by an affirmative vote of three-fifths of the 
     Members, duly chosen and sworn. An affirmative vote of three-
     fifths of the Members of the Senate, duly chosen and sworn, 
     shall be required to sustain an appeal of the ruling of the 
     Chair on a point of order raised under subsection (a).
       (2) House of representatives.--
       (A) In general.--Subsection (a) may be waived or suspended 
     in the House of Representatives only by an affirmative vote 
     of three-fifths of the Members, duly chosen and sworn.
       (B) Point of order protection.--In the House of 
     Representatives, it shall not be in order to consider a rule 
     or order that waives the application of subparagraph (A).

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